Honest Cash And Short Term Investments from 2010 to 2024
| HNST Stock | USD 2.75 0.09 3.38% |
Cash And Short Term Investments | First Reported 2010-12-31 | Previous Quarter 32.8 M | Current Value 46.4 M | Quarterly Volatility 23.3 M |
Check Honest financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Honest main balance sheet or income statement drivers, such as Tax Provision of 100.3 K, Depreciation And Amortization of 3.5 M or Interest Expense of 282.4 K, as well as many exotic indicators such as Price To Sales Ratio of 0.86, Dividend Yield of 0.0486 or PTB Ratio of 2.66. Honest financial statements analysis is a perfect complement when working with Honest Valuation or Volatility modules.
Honest | Cash And Short Term Investments |
Latest Honest's Cash And Short Term Investments Growth Pattern
Below is the plot of the Cash And Short Term Investments of Honest Company over the last few years. Short Term Investments is an account in the current assets section of Honest Company balance sheet. This account contains Honest investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Honest Company fairly quickly. It is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. Honest's Cash And Short Term Investments historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Honest's overall financial position and show how it may be relating to other accounts over time.
| Cash And Short Term Investments | 10 Years Trend |
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Cash And Short Term Investments |
| Timeline |
Honest Cash And Short Term Investments Regression Statistics
| Arithmetic Mean | 73,430,509 | |
| Geometric Mean | 67,423,084 | |
| Coefficient Of Variation | 31.74 | |
| Mean Deviation | 18,088,453 | |
| Median | 85,022,000 | |
| Standard Deviation | 23,304,814 | |
| Sample Variance | 543.1T | |
| Range | 78M | |
| R-Value | (0.66) | |
| Mean Square Error | 329.4T | |
| R-Squared | 0.44 | |
| Significance | 0.01 | |
| Slope | (3,444,002) | |
| Total Sum of Squares | 7603.6T |
Honest Cash And Short Term Investments History
About Honest Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Honest income statement, its balance sheet, and the statement of cash flows. Honest investors use historical funamental indicators, such as Honest's Cash And Short Term Investments, to determine how well the company is positioned to perform in the future. Although Honest investors may use each financial statement separately, they are all related. The changes in Honest's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Honest's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Honest Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Honest. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Cash And Short Term Investments | 32.8 M | 46.4 M |
Pair Trading with Honest
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Honest position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Honest will appreciate offsetting losses from the drop in the long position's value.Moving together with Honest Stock
| 0.66 | EL | Estee Lauder Companies Sell-off Trend | PairCorr |
Moving against Honest Stock
| 0.7 | VERU | Veru Inc Fiscal Year End 13th of December 2024 | PairCorr |
| 0.7 | FTLF | FitLife Brands Common | PairCorr |
| 0.7 | YSG | Yatsen Holding | PairCorr |
| 0.57 | UG | United Guardian | PairCorr |
| 0.57 | NAII | Natural Alternatives | PairCorr |
The ability to find closely correlated positions to Honest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Honest when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Honest - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Honest Company to buy it.
The correlation of Honest is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Honest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Honest Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Honest can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Honest Correlation against competitors. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Honest Stock analysis
When running Honest's price analysis, check to measure Honest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Honest is operating at the current time. Most of Honest's value examination focuses on studying past and present price action to predict the probability of Honest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honest's price. Additionally, you may evaluate how the addition of Honest to your portfolios can decrease your overall portfolio volatility.
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Is Honest's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Honest. If investors know Honest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Honest listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.23) | Revenue Per Share 3.643 | Quarterly Revenue Growth 0.034 | Return On Assets (0.07) | Return On Equity (0.17) |
The market value of Honest Company is measured differently than its book value, which is the value of Honest that is recorded on the company's balance sheet. Investors also form their own opinion of Honest's value that differs from its market value or its book value, called intrinsic value, which is Honest's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Honest's market value can be influenced by many factors that don't directly affect Honest's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Honest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Honest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Honest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.