AgrifyCorp Depreciation And Amortization vs Total Current Liabilities Analysis
AGFY Stock | USD 0.29 0.01 3.57% |
AgrifyCorp financial indicator trend analysis is way more than just evaluating AgrifyCorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AgrifyCorp is a good investment. Please check the relationship between AgrifyCorp Depreciation And Amortization and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AgrifyCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy AgrifyCorp Stock please use our How to Invest in AgrifyCorp guide.
Depreciation And Amortization vs Total Current Liabilities
Depreciation And Amortization vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AgrifyCorp Depreciation And Amortization account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between AgrifyCorp's Depreciation And Amortization and Total Current Liabilities is 0.45. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of AgrifyCorp, assuming nothing else is changed. The correlation between historical values of AgrifyCorp's Depreciation And Amortization and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of AgrifyCorp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Depreciation And Amortization i.e., AgrifyCorp's Depreciation And Amortization and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Current Liabilities
Total Current Liabilities is an item on AgrifyCorp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AgrifyCorp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from AgrifyCorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AgrifyCorp 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 AgrifyCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy AgrifyCorp Stock please use our How to Invest in AgrifyCorp guide.At this time, AgrifyCorp's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 40.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 36.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 38.9M | 180.9M | 90.9M | 60.1M | Cost Of Revenue | 54.6M | 90.1M | 103.6M | 108.7M |
AgrifyCorp fundamental ratios Correlations
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AgrifyCorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AgrifyCorp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.2M | 21.8M | 182.0M | 69.7M | 80.1M | 63.9M | |
Other Current Liab | 355K | 13.5M | 28.8M | 127K | 16.2M | 11.2M | |
Total Current Liabilities | 4.0M | 27.0M | 43.6M | 70.6M | 81.2M | 85.3M | |
Total Stockholder Equity | (805K) | (6.7M) | 137.1M | (9.3M) | (10.7M) | (10.1M) | |
Current Deferred Revenue | 2.8M | 152K | 3.8M | 4.1M | 4.7M | 2.9M | |
Net Debt | (206K) | 5.4M | (9.4M) | 18.8M | 21.3M | 22.3M | |
Retained Earnings | (4.9M) | (26.5M) | (59.0M) | (247.1M) | (222.4M) | (211.3M) | |
Accounts Payable | 870K | 693K | 9.2M | 20.5M | 23.6M | 24.8M | |
Cash | 206K | 8.1M | 12.0M | 10.5M | 12.0M | 7.6M | |
Non Current Assets Total | 174K | 3.2M | 95.3M | 24.8M | 28.5M | 27.2M | |
Long Term Debt | 0.0 | 829K | 12K | 407K | 16.0M | 16.8M | |
Cash And Short Term Investments | 206K | 8.1M | 56.6M | 10.9M | 12.6M | 16.7M | |
Liabilities And Stockholders Equity | 3.2M | 21.8M | 182.0M | 69.7M | 80.1M | 61.4M | |
Non Current Liabilities Total | 3.7M | 1.3M | 1.0M | 8.1M | 9.3M | 9.8M | |
Inventory | 2.5M | 5.2M | 20.5M | 5.9M | 6.8M | 7.7M | |
Other Stockholder Equity | 4.1M | 19.8M | 196.0M | 237.9M | 273.6M | 287.2M | |
Total Liab | 4.0M | 28.3M | 44.6M | 78.7M | 90.5M | 95.1M | |
Net Invested Capital | (805K) | 6.6M | 138.2M | 20.0M | 6.3M | 6.0M | |
Total Current Assets | 3.1M | 18.6M | 86.7M | 44.9M | 51.6M | 36.7M | |
Net Working Capital | (979K) | (8.4M) | 43.1M | (25.7M) | (17.2M) | (16.4M) |
Pair Trading with AgrifyCorp
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 AgrifyCorp 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 AgrifyCorp will appreciate offsetting losses from the drop in the long position's value.Moving together with AgrifyCorp Stock
0.88 | VATE | Innovate Corp | PairCorr |
Moving against AgrifyCorp Stock
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0.84 | APG | Api GroupCorp Financial Report 2nd of May 2024 | PairCorr |
0.84 | MTZ | MasTec Inc Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to AgrifyCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AgrifyCorp 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 AgrifyCorp - 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 AgrifyCorp to buy it.
The correlation of AgrifyCorp 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 AgrifyCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AgrifyCorp 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 AgrifyCorp 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 AgrifyCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy AgrifyCorp Stock please use our How to Invest in AgrifyCorp guide.Note that the AgrifyCorp information on this page should be used as a complementary analysis to other AgrifyCorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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Is AgrifyCorp'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 AgrifyCorp. If investors know AgrifyCorp 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 AgrifyCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (12.51) | Revenue Per Share 11.314 | Quarterly Revenue Growth (0.52) | Return On Assets (0.22) | Return On Equity (18.32) |
The market value of AgrifyCorp is measured differently than its book value, which is the value of AgrifyCorp that is recorded on the company's balance sheet. Investors also form their own opinion of AgrifyCorp's value that differs from its market value or its book value, called intrinsic value, which is AgrifyCorp'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 AgrifyCorp's market value can be influenced by many factors that don't directly affect AgrifyCorp'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 AgrifyCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if AgrifyCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AgrifyCorp'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.