Smith Story

SMSI -- USA Stock

USD 5.18 0.22 4.07%

Macroaxis Story

Given the investment horizon of 90 days Smith Micro is expected to generate 4.71 times more return on investment than the market. However, the company is 4.71 times more volatile than its market benchmark. It trades about 0.08 of its potential returns per unit of risk. The DOW is currently generating roughly 0.1 per unit of risk. As many adventurous traders are excited about technology space, it is only fair to concentrate on the risk of shorting Smith Micro Software based on its current volatility spike. We will examine why it could be a different year for Smith Micro shareholders.

Published over a month ago

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Are you really shorting Smith (NASDAQ:SMSI) based on its volatility?

The company currently holds 6.53 M in liabilities with Debt to Equity (D/E) ratio of 0.11, which may suggest the firm is not taking enough advantage from borrowing. Smith Micro Software has a current ratio of 4.66, suggesting that it is liquid enough and is able to pay its financial obligations when due.

Volatility is a rate at which the price of Smith Micro or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Smith Micro may increase or decrease. In other words, similar to Smith's beta indicator, it measures the risk of Smith Micro and helps estimate the fluctuations that may happen in a short period of time. So if prices of Smith Micro fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.

Please read more on our technical analysis page.

How important is Smith Micro's Liquidity

Smith Micro financial leverage refers to using borrowed capital as a funding source to finance Smith Micro Software ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Smith Micro financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Smith Micro's total debt and its cash.

How Smith utilizes its cash?

To perform a cash flow analysis of Smith Micro, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Smith Micro is receiving and how much cash it distributes out in a given period. The Smith Micro cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Smith Micro Net Cash Flow from Operations is most likely to increase significantly in the upcoming years. The last year's value of Net Cash Flow from Operations was reported at 7.92 Million

Smith Micro Volatility Drivers

Smith Micro unsystematic risk is unique to Smith Micro Software and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Smith Micro you can also buy Intuit Inc. You can also mitigate this risk by investing in the software?application sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Smith Micro important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Smith Micro income statement and balance sheet. Here are more details about Smith volatility.

	Accounts Payable	Total Assets	Current Assets	Cash and Equivalents	Deferred Revenue	Shareholders Equity	Investments Current	Total Liabilities	Current Liabilities	Tax Assets	Direct Expenses	Consolidated Income	Cost of Revenue	Gross Profit	Net Income	Net Income Common Stock	Operating Expenses	Operating Income	Weighted Average Shares	Income Tax Expense	Capital Expenditure	Share Based Compensation	Long Term Debt to Equity	Calculated Tax Rate	PPandE Turnover	Receivables Turnover	Inventory Turnover	Operating Margin	Return on Investment	Cash Flow Per Share	Revenue to Assets	Total Assets Per Share	Quick Ratio	Asset Turnover	Book Value per Share	Current Ratio	Debt to Equity Ratio	EBITDA Margin	Earnings per Basic Share	Free Cash Flow per Share	Gross Margin	Profit Margin	Price to Book Value	Price to Earnings Ratio	Price to Sales Ratio	Return on Average Assets	Return on Average Equity	Return on Sales	Sales per Share	Net Income Per Employee	Revenue Per Employee	Average Assets	Earnings before Tax	Average Equity	Enterprise Value	Free Cash Flow	Invested Capital	Invested Capital Average	Market Capitalization	Tangible Asset Value	Working Capital
Accounts Payable		0.94	0.95	0.27	-0.05	0.93	0.72	0.76	0.85	0.31	0.77	-0.29	-0.42	-0.54	-0.2	-0.29	0.18	-0.18	-0.07	-0.35	-0.33	-0.14	0.39	0.84	-0.09	-0.22	-0.4	0.22	0.21	0.61	-0.6	0.9	0.8	-0.72	0.28	0.6	-0.36	0.27	-0.21	0.35	0.35	0.23	0.51	-0.58	0.78	0.12	0.3	-0.3	0.84	-0.13	0.37	0.19	-0.3	0.25	-0.14	-0.15	0.28	0.17	-0.14	-0.01	0.08
Total Assets	0.94		0.96	0.39	-0.03	1.0	0.56	0.64	0.79	0.08	0.66	-0.06	-0.63	-0.72	0.05	-0.06	-0.06	0.07	-0.01	-0.12	-0.09	-0.35	0.24	0.94	0.03	0.0	-0.36	0.39	0.42	0.77	-0.67	0.94	0.82	-0.65	0.08	0.69	-0.24	0.42	0.03	0.56	0.53	0.39	0.68	-0.71	0.9	0.34	0.45	-0.08	0.85	0.12	0.5	-0.05	-0.06	0.02	-0.03	0.02	0.25	-0.05	-0.14	-0.22	-0.14
Current Assets	0.95	0.96		0.4	0.08	0.96	0.71	0.67	0.84	0.29	0.73	-0.28	-0.43	-0.54	-0.16	-0.28	0.16	-0.14	-0.05	-0.32	-0.3	-0.11	0.3	0.83	-0.07	-0.13	-0.49	0.28	0.39	0.62	-0.77	0.91	0.83	-0.79	0.32	0.76	-0.26	0.32	-0.18	0.37	0.48	0.28	0.49	-0.52	0.8	0.24	0.47	-0.3	0.84	-0.08	0.39	0.19	-0.28	0.25	-0.01	-0.2	0.37	0.19	-0.02	0.02	0.1
Cash and Equivalents	0.27	0.39	0.4		0.01	0.38	-0.1	0.35	0.2	-0.25	-0.19	0.24	-0.26	-0.17	0.36	0.24	-0.24	0.35	0.76	0.23	0.24	-0.2	-0.12	0.2	0.57	0.19	0.15	0.61	0.81	0.39	-0.76	0.08	0.45	-0.52	-0.12	0.67	-0.33	0.65	0.31	0.43	0.79	0.65	0.25	-0.25	0.16	0.76	0.86	0.24	-0.06	0.5	0.43	-0.23	0.24	-0.22	0.2	0.22	-0.33	-0.19	0.1	-0.21	-0.12
Deferred Revenue	-0.05	-0.03	0.08	0.01		-0.03	0.14	0.11	0.22	0.14	0.24	-0.14	0.15	0.05	-0.15	-0.14	0.14	-0.15	-0.34	-0.07	-0.04	0.4	0.39	-0.08	-0.55	0.12	-0.57	-0.38	-0.12	-0.26	-0.14	0.08	-0.02	-0.25	0.36	-0.02	-0.17	-0.34	-0.14	-0.25	-0.28	-0.37	-0.2	0.43	0.02	-0.19	-0.02	-0.18	0.15	-0.19	-0.22	0.2	-0.14	0.19	0.5	-0.36	0.55	0.27	0.57	0.36	0.32
Shareholders Equity	0.93	1.0	0.96	0.38	-0.03		0.55	0.61	0.77	0.07	0.65	-0.05	-0.64	-0.73	0.06	-0.05	-0.08	0.09	-0.01	-0.11	-0.08	-0.37	0.21	0.94	0.05	0.01	-0.35	0.41	0.43	0.78	-0.67	0.94	0.82	-0.63	0.07	0.7	-0.22	0.43	0.05	0.57	0.54	0.4	0.69	-0.72	0.91	0.35	0.46	-0.06	0.85	0.13	0.5	-0.06	-0.05	0.01	-0.03	0.03	0.25	-0.06	-0.16	-0.23	-0.15
Investments Current	0.72	0.56	0.71	-0.1	0.14	0.55		0.47	0.65	0.84	0.76	-0.83	0.2	0.05	-0.78	-0.83	0.76	-0.76	-0.35	-0.86	-0.84	0.47	0.33	0.37	-0.41	-0.63	-0.55	-0.25	-0.17	0.05	-0.49	0.64	0.57	-0.72	0.82	0.46	-0.12	-0.22	-0.78	-0.28	-0.04	-0.25	-0.14	0.01	0.33	-0.4	-0.06	-0.83	0.64	-0.71	-0.2	0.78	-0.83	0.82	-0.23	-0.65	0.5	0.77	0.04	0.63	0.68
Total Liabilities	0.76	0.64	0.67	0.35	0.11	0.61	0.47		0.85	0.3	0.65	-0.3	-0.12	-0.26	-0.22	-0.3	0.23	-0.22	0.06	-0.29	-0.29	0.11	0.59	0.49	-0.23	-0.1	-0.44	0.01	0.03	0.24	-0.43	0.55	0.44	-0.7	0.27	0.23	-0.64	0.07	-0.25	0.07	0.14	0.05	0.34	-0.19	0.47	0.0	0.18	-0.32	0.55	-0.18	0.31	0.21	-0.3	0.24	0.15	-0.31	0.26	0.2	0.22	0.09	0.14
Current Liabilities	0.85	0.79	0.84	0.2	0.22	0.77	0.65	0.85		0.38	0.9	-0.38	-0.22	-0.42	-0.3	-0.38	0.27	-0.28	-0.24	-0.35	-0.36	0.11	0.67	0.69	-0.43	-0.08	-0.73	-0.05	0.08	0.34	-0.5	0.81	0.46	-0.74	0.36	0.35	-0.55	0.0	-0.3	0.1	0.09	-0.05	0.46	-0.25	0.7	-0.06	0.23	-0.41	0.83	-0.28	0.3	0.27	-0.38	0.31	0.23	-0.43	0.57	0.26	0.29	0.12	0.15
Tax Assets	0.31	0.08	0.29	-0.25	0.14	0.07	0.84	0.3	0.38		0.52	-1.0	0.68	0.51	-0.98	-1.0	0.98	-0.98	-0.3	-0.99	-0.99	0.82	0.27	-0.14	-0.45	-0.79	-0.44	-0.48	-0.4	-0.4	-0.26	0.17	0.12	-0.54	0.89	0.15	-0.08	-0.45	-0.99	-0.68	-0.32	-0.46	-0.52	0.47	-0.17	-0.65	-0.26	-0.99	0.22	-0.94	-0.41	0.97	-1.0	0.97	-0.26	-0.84	0.42	0.93	0.18	0.86	0.87
Direct Expenses	0.77	0.66	0.73	-0.19	0.24	0.65	0.76	0.65	0.9	0.52		-0.52	-0.1	-0.32	-0.48	-0.52	0.41	-0.46	-0.57	-0.5	-0.49	0.22	0.73	0.62	-0.64	-0.21	-0.8	-0.3	-0.22	0.19	-0.25	0.81	0.38	-0.57	0.48	0.2	-0.36	-0.26	-0.47	-0.07	-0.22	-0.3	0.31	-0.15	0.64	-0.36	-0.06	-0.55	0.88	-0.5	0.11	0.41	-0.52	0.45	0.11	-0.54	0.74	0.4	0.22	0.26	0.26
Consolidated Income	-0.29	-0.06	-0.28	0.24	-0.14	-0.05	-0.83	-0.3	-0.38	-1.0	-0.52		-0.7	-0.54	0.99	1.0	-0.99	0.99	0.31	0.98	0.99	-0.84	-0.29	0.16	0.48	0.75	0.46	0.52	0.41	0.44	0.26	-0.16	-0.11	0.56	-0.91	-0.15	0.09	0.49	0.99	0.72	0.33	0.51	0.54	-0.5	0.18	0.66	0.27	1.0	-0.21	0.94	0.45	-0.98	1.0	-0.99	0.2	0.87	-0.44	-0.95	-0.24	-0.89	-0.89
Cost of Revenue	-0.42	-0.63	-0.43	-0.26	0.15	-0.64	0.2	-0.12	-0.22	0.68	-0.1	-0.7		0.94	-0.74	-0.7	0.79	-0.76	-0.05	-0.64	-0.66	0.92	0.07	-0.8	-0.29	-0.57	-0.07	-0.58	-0.48	-0.85	0.16	-0.57	-0.47	-0.06	0.61	-0.3	-0.01	-0.57	-0.75	-0.9	-0.54	-0.55	-0.85	0.89	-0.8	-0.63	-0.38	-0.68	-0.49	-0.74	-0.61	0.75	-0.69	0.71	-0.09	-0.67	0.09	0.73	0.34	0.81	0.76
Gross Profit	-0.54	-0.72	-0.54	-0.17	0.05	-0.73	0.05	-0.26	-0.42	0.51	-0.32	-0.54	0.94		-0.59	-0.54	0.66	-0.62	0.08	-0.49	-0.5	0.81	-0.05	-0.89	-0.14	-0.48	0.12	-0.51	-0.4	-0.86	0.19	-0.71	-0.45	0.03	0.54	-0.29	0.03	-0.51	-0.6	-0.85	-0.45	-0.48	-0.93	0.85	-0.89	-0.51	-0.33	-0.52	-0.65	-0.57	-0.71	0.65	-0.54	0.59	-0.07	-0.51	-0.1	0.65	0.3	0.75	0.72
Net Income	-0.2	0.05	-0.16	0.36	-0.15	0.06	-0.78	-0.22	-0.3	-0.98	-0.48	0.99	-0.74	-0.59		0.99	-0.99	1.0	0.38	0.96	0.97	-0.86	-0.3	0.24	0.54	0.76	0.44	0.62	0.53	0.53	0.12	-0.08	-0.01	0.46	-0.9	-0.02	0.07	0.6	1.0	0.79	0.45	0.6	0.6	-0.56	0.25	0.76	0.39	0.98	-0.15	0.98	0.54	-0.98	0.99	-0.98	0.19	0.87	-0.44	-0.95	-0.25	-0.91	-0.89
Net Income Common Stock	-0.29	-0.06	-0.28	0.24	-0.14	-0.05	-0.83	-0.3	-0.38	-1.0	-0.52	1.0	-0.7	-0.54	0.99		-0.99	0.99	0.31	0.98	0.99	-0.84	-0.29	0.16	0.48	0.75	0.46	0.52	0.41	0.44	0.26	-0.16	-0.11	0.56	-0.91	-0.15	0.09	0.49	0.99	0.72	0.33	0.51	0.54	-0.5	0.18	0.66	0.27	1.0	-0.21	0.94	0.45	-0.98	1.0	-0.99	0.2	0.87	-0.44	-0.95	-0.24	-0.89	-0.89
Operating Expenses	0.18	-0.06	0.16	-0.24	0.14	-0.08	0.76	0.23	0.27	0.98	0.41	-0.99	0.79	0.66	-0.99	-0.99		-0.99	-0.25	-0.96	-0.97	0.89	0.25	-0.29	-0.45	-0.76	-0.39	-0.55	-0.43	-0.54	-0.21	0.02	0.03	-0.5	0.91	0.09	-0.09	-0.52	-0.99	-0.79	-0.37	-0.53	-0.64	0.59	-0.32	-0.68	-0.29	-0.98	0.08	-0.94	-0.53	0.99	-0.99	0.99	-0.19	-0.87	0.37	0.96	0.27	0.93	0.92
Operating Income	-0.18	0.07	-0.14	0.35	-0.15	0.09	-0.76	-0.22	-0.28	-0.98	-0.46	0.99	-0.76	-0.62	1.0	0.99	-0.99		0.36	0.96	0.97	-0.87	-0.3	0.27	0.53	0.76	0.42	0.62	0.53	0.55	0.11	-0.05	0.01	0.45	-0.9	-0.01	0.07	0.6	1.0	0.8	0.45	0.61	0.63	-0.58	0.28	0.76	0.39	0.98	-0.12	0.98	0.55	-0.98	0.99	-0.98	0.19	0.87	-0.42	-0.95	-0.26	-0.91	-0.9
Weighted Average Shares	-0.07	-0.01	-0.05	0.76	-0.34	-0.01	-0.35	0.06	-0.24	-0.3	-0.57	0.31	-0.05	0.08	0.38	0.31	-0.25	0.36		0.24	0.24	-0.21	-0.4	-0.14	0.86	-0.09	0.68	0.66	0.61	0.25	-0.39	-0.36	0.09	-0.11	-0.33	0.31	-0.26	0.66	0.33	0.35	0.6	0.7	0.08	-0.21	-0.25	0.66	0.56	0.34	-0.52	0.49	0.27	-0.29	0.31	-0.3	-0.21	0.47	-0.83	-0.31	-0.25	-0.29	-0.18
Income Tax Expense	-0.35	-0.12	-0.32	0.23	-0.07	-0.11	-0.86	-0.29	-0.35	-0.99	-0.5	0.98	-0.64	-0.49	0.96	0.98	-0.96	0.96	0.24		1.0	-0.76	-0.22	0.1	0.37	0.84	0.37	0.4	0.35	0.32	0.28	-0.19	-0.19	0.54	-0.87	-0.21	0.06	0.37	0.97	0.62	0.26	0.38	0.51	-0.38	0.16	0.59	0.24	0.97	-0.22	0.9	0.39	-0.95	0.98	-0.97	0.37	0.76	-0.34	-0.91	-0.06	-0.84	-0.86
Capital Expenditure	-0.33	-0.09	-0.3	0.24	-0.04	-0.08	-0.84	-0.29	-0.36	-0.99	-0.49	0.99	-0.66	-0.5	0.97	0.99	-0.97	0.97	0.24	1.0		-0.78	-0.22	0.12	0.38	0.83	0.37	0.42	0.37	0.35	0.26	-0.17	-0.14	0.52	-0.86	-0.18	0.07	0.39	0.98	0.64	0.28	0.4	0.5	-0.41	0.17	0.61	0.25	0.97	-0.2	0.91	0.39	-0.95	0.99	-0.96	0.35	0.78	-0.35	-0.9	-0.09	-0.83	-0.85
Share Based Compensation	-0.14	-0.35	-0.11	-0.2	0.4	-0.37	0.47	0.11	0.11	0.82	0.22	-0.84	0.92	0.81	-0.86	-0.84	0.89	-0.87	-0.21	-0.76	-0.78		0.3	-0.56	-0.51	-0.57	-0.38	-0.67	-0.46	-0.78	-0.07	-0.26	-0.24	-0.36	0.83	-0.12	-0.15	-0.65	-0.87	-0.9	-0.53	-0.64	-0.76	0.86	-0.54	-0.68	-0.31	-0.84	-0.18	-0.85	-0.63	0.88	-0.84	0.85	0.09	-0.86	0.37	0.88	0.53	0.93	0.89
Long Term Debt to Equity	0.39	0.24	0.3	-0.12	0.39	0.21	0.33	0.59	0.67	0.27	0.73	-0.29	0.07	-0.05	-0.3	-0.29	0.25	-0.3	-0.4	-0.22	-0.22	0.3		0.21	-0.67	-0.02	-0.69	-0.46	-0.34	-0.13	0.06	0.35	-0.03	-0.37	0.33	-0.18	-0.74	-0.41	-0.28	-0.22	-0.46	-0.43	0.11	0.13	0.26	-0.37	-0.07	-0.32	0.47	-0.36	0.0	0.25	-0.28	0.26	0.37	-0.43	0.56	0.27	0.46	0.24	0.22
Calculated Tax Rate	0.84	0.94	0.83	0.2	-0.08	0.94	0.37	0.49	0.69	-0.14	0.62	0.16	-0.8	-0.89	0.24	0.16	-0.29	0.27	-0.14	0.1	0.12	-0.56	0.21		0.01	0.17	-0.3	0.4	0.34	0.84	-0.42	0.93	0.69	-0.38	-0.16	0.5	-0.15	0.41	0.24	0.68	0.42	0.37	0.84	-0.83	0.98	0.34	0.32	0.14	0.87	0.26	0.55	-0.28	0.16	-0.21	-0.01	0.2	0.24	-0.29	-0.24	-0.45	-0.39
PPandE Turnover	-0.09	0.03	-0.07	0.57	-0.55	0.05	-0.41	-0.23	-0.43	-0.45	-0.64	0.48	-0.29	-0.14	0.54	0.48	-0.45	0.53	0.86	0.37	0.38	-0.51	-0.67	0.01		-0.01	0.83	0.82	0.64	0.47	-0.25	-0.26	0.19	0.17	-0.55	0.37	0.15	0.8	0.5	0.58	0.67	0.83	0.23	-0.47	-0.11	0.74	0.51	0.53	-0.44	0.65	0.4	-0.49	0.48	-0.48	-0.45	0.71	-0.85	-0.52	-0.6	-0.53	-0.43
Receivables Turnover	-0.22	0.0	-0.13	0.19	0.12	0.01	-0.63	-0.1	-0.08	-0.79	-0.21	0.75	-0.57	-0.48	0.76	0.75	-0.76	0.76	-0.09	0.84	0.83	-0.57	-0.02	0.17	-0.01		-0.1	0.17	0.31	0.2	0.17	0.02	-0.1	0.32	-0.6	-0.13	0.12	0.16	0.76	0.43	0.23	0.15	0.45	-0.21	0.3	0.44	0.24	0.72	0.07	0.69	0.38	-0.73	0.76	-0.74	0.64	0.39	0.13	-0.66	0.26	-0.6	-0.68
Inventory Turnover	-0.4	-0.36	-0.49	0.15	-0.57	-0.35	-0.55	-0.44	-0.73	-0.44	-0.8	0.46	-0.07	0.12	0.44	0.46	-0.39	0.42	0.68	0.37	0.37	-0.38	-0.69	-0.3	0.83	-0.1		0.46	0.16	0.11	0.22	-0.56	-0.13	0.49	-0.54	-0.11	0.25	0.42	0.43	0.27	0.25	0.47	-0.04	-0.23	-0.41	0.36	-0.01	0.52	-0.69	0.47	0.01	-0.43	0.46	-0.44	-0.48	0.69	-0.94	-0.46	-0.59	-0.41	-0.35
Operating Margin	0.22	0.39	0.28	0.61	-0.38	0.41	-0.25	0.01	-0.05	-0.48	-0.3	0.52	-0.58	-0.51	0.62	0.52	-0.55	0.62	0.66	0.4	0.42	-0.67	-0.46	0.4	0.82	0.17	0.46		0.86	0.81	-0.4	0.14	0.38	0.06	-0.59	0.52	0.07	1.0	0.58	0.86	0.8	1.0	0.54	-0.72	0.29	0.92	0.72	0.55	-0.02	0.74	0.74	-0.58	0.52	-0.55	-0.4	0.74	-0.54	-0.62	-0.63	-0.67	-0.56
Return on Investment	0.21	0.42	0.39	0.81	-0.12	0.43	-0.17	0.03	0.08	-0.4	-0.22	0.41	-0.48	-0.4	0.53	0.41	-0.43	0.53	0.61	0.35	0.37	-0.46	-0.34	0.34	0.64	0.31	0.16	0.86		0.65	-0.65	0.18	0.41	-0.21	-0.34	0.69	-0.03	0.87	0.49	0.7	0.86	0.85	0.41	-0.49	0.29	0.93	0.92	0.41	0.04	0.66	0.62	-0.42	0.41	-0.4	-0.02	0.46	-0.29	-0.41	-0.21	-0.44	-0.36
Cash Flow Per Share	0.61	0.77	0.62	0.39	-0.26	0.78	0.05	0.24	0.34	-0.4	0.19	0.44	-0.85	-0.86	0.53	0.44	-0.54	0.55	0.25	0.32	0.35	-0.78	-0.13	0.84	0.47	0.2	0.11	0.81	0.65		-0.39	0.63	0.61	-0.11	-0.48	0.54	-0.03	0.82	0.52	0.94	0.66	0.79	0.83	-0.95	0.76	0.72	0.56	0.45	0.51	0.6	0.76	-0.54	0.44	-0.49	-0.3	0.62	-0.17	-0.57	-0.59	-0.7	-0.6
Revenue to Assets	-0.6	-0.67	-0.77	-0.76	-0.14	-0.67	-0.49	-0.43	-0.5	-0.26	-0.25	0.26	0.16	0.19	0.12	0.26	-0.21	0.11	-0.39	0.28	0.26	-0.07	0.06	-0.42	-0.25	0.17	0.22	-0.4	-0.65	-0.39		-0.48	-0.7	0.84	-0.35	-0.91	0.19	-0.43	0.17	-0.24	-0.71	-0.41	-0.17	0.22	-0.38	-0.44	-0.71	0.27	-0.36	-0.03	-0.24	-0.23	0.26	-0.27	-0.07	0.2	-0.06	-0.26	-0.13	-0.16	-0.26
Total Assets Per Share	0.9	0.94	0.91	0.08	0.08	0.94	0.64	0.55	0.81	0.17	0.81	-0.16	-0.57	-0.71	-0.08	-0.16	0.02	-0.05	-0.36	-0.19	-0.17	-0.26	0.35	0.93	-0.26	0.02	-0.56	0.14	0.18	0.63	-0.48		0.73	-0.56	0.19	0.53	-0.13	0.16	-0.08	0.4	0.27	0.11	0.62	-0.6	0.93	0.09	0.22	-0.19	0.98	-0.06	0.36	0.05	-0.16	0.12	0.04	-0.14	0.52	0.06	-0.06	-0.11	-0.07
Quick Ratio	0.8	0.82	0.83	0.45	-0.02	0.82	0.57	0.44	0.46	0.12	0.38	-0.11	-0.47	-0.45	-0.01	-0.11	0.03	0.01	0.09	-0.19	-0.14	-0.24	-0.03	0.69	0.19	-0.1	-0.13	0.38	0.41	0.61	-0.7	0.73		-0.61	0.24	0.81	0.04	0.42	-0.03	0.43	0.59	0.39	0.34	-0.57	0.64	0.36	0.41	-0.11	0.61	0.11	0.24	0.08	-0.11	0.14	-0.16	0.05	0.09	0.11	-0.24	-0.02	0.09
Asset Turnover	-0.72	-0.65	-0.79	-0.52	-0.25	-0.63	-0.72	-0.7	-0.74	-0.54	-0.57	0.56	-0.06	0.03	0.46	0.56	-0.5	0.45	-0.11	0.54	0.52	-0.36	-0.37	-0.38	0.17	0.32	0.49	0.06	-0.21	-0.11	0.84	-0.56	-0.61		-0.65	-0.67	0.45	0.0	0.49	0.12	-0.34	0.03	-0.03	0.0	-0.37	0.01	-0.39	0.58	-0.5	0.36	0.0	-0.53	0.56	-0.56	-0.21	0.56	-0.31	-0.56	-0.39	-0.45	-0.52
Book Value per Share	0.28	0.08	0.32	-0.12	0.36	0.07	0.82	0.27	0.36	0.89	0.48	-0.91	0.61	0.54	-0.9	-0.91	0.91	-0.9	-0.33	-0.87	-0.86	0.83	0.33	-0.16	-0.55	-0.6	-0.54	-0.59	-0.34	-0.48	-0.35	0.19	0.24	-0.65		0.23	-0.13	-0.55	-0.91	-0.71	-0.27	-0.56	-0.61	0.53	-0.15	-0.59	-0.2	-0.92	0.23	-0.85	-0.6	0.95	-0.91	0.96	0.04	-0.87	0.49	0.98	0.42	0.95	0.96
Current Ratio	0.6	0.69	0.76	0.67	-0.02	0.7	0.46	0.23	0.35	0.15	0.2	-0.15	-0.3	-0.29	-0.02	-0.15	0.09	-0.01	0.31	-0.21	-0.18	-0.12	-0.18	0.5	0.37	-0.13	-0.11	0.52	0.69	0.54	-0.91	0.53	0.81	-0.67	0.23		0.06	0.55	-0.06	0.39	0.76	0.53	0.23	-0.39	0.45	0.52	0.74	-0.15	0.4	0.13	0.35	0.12	-0.15	0.17	-0.13	-0.01	0.04	0.14	-0.14	0.03	0.12
Debt to Equity Ratio	-0.36	-0.24	-0.26	-0.33	-0.17	-0.22	-0.12	-0.64	-0.55	-0.08	-0.36	0.09	-0.01	0.03	0.07	0.09	-0.09	0.07	-0.26	0.06	0.07	-0.15	-0.74	-0.15	0.15	0.12	0.25	0.07	-0.03	-0.03	0.19	-0.13	0.04	0.45	-0.13	0.06		0.02	0.07	0.0	0.08	0.02	-0.18	0.02	-0.12	-0.02	-0.23	0.1	-0.13	0.07	-0.1	-0.06