Ads Other Current Assets vs Common Stock Analysis
ADSE Stock | USD 10.89 0.01 0.09% |
Ads Tec financial indicator trend analysis is way more than just evaluating Ads Tec Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ads Tec Energy is a good investment. Please check the relationship between Ads Tec Other Current Assets and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ads Tec Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Other Current Assets vs Common Stock
Other Current Assets vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ads Tec Energy Other Current Assets account and Common Stock. At this time, the significance of the direction appears to have pay attention.
The correlation between Ads Tec's Other Current Assets and Common Stock is -0.8. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Ads Tec Energy, assuming nothing else is changed. The correlation between historical values of Ads Tec's Other Current Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Ads Tec Energy are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Other Current Assets i.e., Ads Tec's Other Current Assets and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.8 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Common Stock
Most indicators from Ads Tec's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ads Tec Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ads Tec Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At present, Ads Tec's Selling General Administrative is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 84.5M | 31.7M | 36.5M | 36.5M | Cost Of Revenue | 35.3M | 30.9M | 35.5M | 36.8M |
Ads Tec fundamental ratios Correlations
Click cells to compare fundamentals
Ads Tec Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ads Tec fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 63.0M | 45.3M | 151.2M | 139.4M | 160.4M | 98.9M | |
Short Long Term Debt Total | 1.6M | 2.9M | 9.6M | 3.5M | 4.0M | 4.2M | |
Other Current Liab | 214K | 2.0M | 2.2M | 2.2M | 2.6M | 1.5M | |
Total Current Liabilities | 44.1M | 23.5M | 30.4M | 42.4M | 48.7M | 37.8M | |
Total Stockholder Equity | 1.7M | (8.6M) | 96.9M | 80.7M | 92.9M | 97.5M | |
Property Plant And Equipment Net | 3.2M | 4.5M | 4.9M | 8.8M | 10.1M | 5.2M | |
Current Deferred Revenue | 37.8M | 8.1M | 6.2M | 23.6M | 21.2M | 16.1M | |
Net Debt | (7.7M) | 2.9M | (92.2M) | (31.0M) | (27.9M) | (29.3M) | |
Accounts Payable | 5.8M | 12.5M | 14M | 15.7M | 18.1M | 12.0M | |
Cash | 9.3M | 18K | 101.8M | 34.4M | 39.6M | 36.8M | |
Non Current Assets Total | 13.7M | 20.0M | 24.1M | 34.2M | 39.3M | 22.0M | |
Cash And Short Term Investments | 9.3M | 18K | 101.8M | 34.4M | 39.6M | 36.8M | |
Net Receivables | 4.4M | 3.7M | 12.3M | 17.0M | 19.5M | 20.5M | |
Liabilities And Stockholders Equity | 63.0M | 45.3M | 151.2M | 139.4M | 160.4M | 98.9M | |
Non Current Liabilities Total | 17.2M | 30.5M | 23.9M | 16.3M | 18.8M | 20.5M | |
Capital Lease Obligations | 1.6M | 2.6M | 2.1M | 3.5M | 4.0M | 2.4M | |
Inventory | 35.5M | 21.6M | 13.1M | 53.1M | 61.1M | 30.9M | |
Total Liab | 61.3M | 53.9M | 54.3M | 58.7M | 67.5M | 58.3M | |
Net Invested Capital | 1.7M | (8.2M) | 104.4M | 80.7M | 92.9M | 97.5M | |
Long Term Investments | 0.0 | 140K | 2.1M | 3.4M | 3.9M | 4.1M | |
Total Current Assets | 49.3M | 25.3M | 127.2M | 105.3M | 121.0M | 76.9M | |
Net Working Capital | 5.2M | 1.9M | 96.7M | 62.9M | 72.3M | 39.0M | |
Short Term Debt | 236K | 905K | 8.1M | 842K | 968.3K | 919.9K | |
Intangible Assets | 10.5M | 15.3M | 17.0M | 22.1M | 25.4M | 15.5M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ads Tec in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ads Tec's short interest history, or implied volatility extrapolated from Ads Tec options trading.
Pair Trading with Ads Tec
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 Ads Tec 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 Ads Tec will appreciate offsetting losses from the drop in the long position's value.Moving together with Ads Stock
0.7 | ROBOF | RoboGroup TEK | PairCorr |
Moving against Ads Stock
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0.73 | NXU | Nxu Inc Symbol Change | PairCorr |
The ability to find closely correlated positions to Ads Tec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ads Tec 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 Ads Tec - 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 Ads Tec Energy to buy it.
The correlation of Ads Tec 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 Ads Tec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ads Tec Energy 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 Ads Tec 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ads Tec Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Ads Stock analysis
When running Ads Tec's price analysis, check to measure Ads Tec'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 Ads Tec is operating at the current time. Most of Ads Tec's value examination focuses on studying past and present price action to predict the probability of Ads Tec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ads Tec's price. Additionally, you may evaluate how the addition of Ads Tec to your portfolios can decrease your overall portfolio volatility.
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Is Ads Tec'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 Ads Tec. If investors know Ads 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 Ads Tec listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.45) | Revenue Per Share 1.132 | Quarterly Revenue Growth 3.059 | Return On Assets (0.20) | Return On Equity (0.56) |
The market value of Ads Tec Energy is measured differently than its book value, which is the value of Ads that is recorded on the company's balance sheet. Investors also form their own opinion of Ads Tec's value that differs from its market value or its book value, called intrinsic value, which is Ads Tec'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 Ads Tec's market value can be influenced by many factors that don't directly affect Ads Tec'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 Ads Tec's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ads Tec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ads Tec'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.