Alkami Other Current Assets vs Cash And Short Term Investments Analysis

ALKT Stock

USD 26.99 0.25 0.92%

Alkami Technology financial indicator trend analysis is way more than just evaluating Alkami Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alkami Technology is a good investment. Please check the relationship between Alkami Technology Other Current Assets and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alkami Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Alkami Stock please use our How to Invest in Alkami Technology guide.

Other Current Assets vs Cash And Short Term Investments

Other Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alkami Technology Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Alkami Technology's Other Current Assets and Cash And Short Term Investments is 0.86. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Alkami Technology, assuming nothing else is changed. The correlation between historical values of Alkami Technology's Other Current Assets and Cash And Short Term Investments 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 Alkami Technology are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Alkami Technology's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Alkami Technology balance sheet. This account contains Alkami Technology investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Alkami Technology fairly quickly. 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.

Most indicators from Alkami Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alkami Technology 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 Alkami Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Alkami Stock please use our How to Invest in Alkami Technology guide.Sales General And Administrative To Revenue is likely to gain to 0.36 in 2024, despite the fact that Tax Provision is likely to grow to (207.1 K).

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	3.9M	10.8M	10.6M	6.7M
Interest Income	487K	2.7M	7.1M	7.5M

Depreciation And Amortization Interest Income

Alkami Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.82	0.98	0.96	1.0	0.41	0.89	0.76	0.89	-0.48	-0.9	0.84	0.68	0.88	0.81	0.11	0.89	0.91	0.93	0.84	0.91	0.77	0.93	0.99	0.95	0.94
Short Long Term Debt Total	0.82		0.82	0.81	0.77	0.03	0.63	0.68	0.62	-0.13	-0.69	0.58	0.44	0.76	0.51	0.41	0.69	0.66	0.69	0.61	0.98	0.73	0.72	0.82	0.72	0.96
Other Current Liab	0.98	0.82		0.99	0.97	0.35	0.94	0.81	0.92	-0.37	-0.92	0.88	0.58	0.91	0.8	0.02	0.83	0.92	0.97	0.89	0.91	0.83	0.94	0.96	0.98	0.95
Total Current Liabilities	0.96	0.81	0.99		0.95	0.22	0.92	0.89	0.95	-0.26	-0.93	0.9	0.48	0.96	0.85	-0.04	0.75	0.96	0.96	0.89	0.89	0.88	0.97	0.95	0.98	0.93
Total Stockholder Equity	1.0	0.77	0.97	0.95		0.45	0.9	0.74	0.9	-0.52	-0.9	0.84	0.7	0.87	0.82	0.07	0.9	0.92	0.93	0.84	0.88	0.75	0.93	0.99	0.95	0.91
Other Liab	0.41	0.03	0.35	0.22	0.45		0.49	-0.2	0.2	-0.9	-0.28	0.27	0.8	-0.02	0.09	0.07	0.72	0.17	0.37	0.32	0.18	-0.09	0.15	0.35	0.32	0.2
Net Tangible Assets	0.89	0.63	0.94	0.92	0.9	0.49		0.7	0.89	-0.43	-0.85	0.88	0.57	0.79	0.71	-0.14	0.79	0.85	0.97	0.89	0.74	0.72	0.85	0.85	0.96	0.8
Property Plant And Equipment Net	0.76	0.68	0.81	0.89	0.74	-0.2	0.7		0.91	0.15	-0.85	0.84	0.07	0.98	0.9	-0.25	0.39	0.93	0.81	0.8	0.72	0.94	0.93	0.79	0.84	0.77
Current Deferred Revenue	0.89	0.62	0.92	0.95	0.9	0.2	0.89	0.91		-0.21	-0.94	0.95	0.37	0.96	0.95	-0.28	0.64	0.99	0.95	0.91	0.73	0.88	0.98	0.9	0.95	0.8
Net Debt	-0.48	-0.13	-0.37	-0.26	-0.52	-0.9	-0.43	0.15	-0.21		0.21	-0.15	-0.95	-0.06	-0.14	-0.37	-0.77	-0.22	-0.31	-0.17	-0.28	0.16	-0.23	-0.43	-0.36	-0.28
Retained Earnings	-0.9	-0.69	-0.92	-0.93	-0.9	-0.28	-0.85	-0.85	-0.94	0.21		-0.98	-0.38	-0.91	-0.9	0.28	-0.7	-0.94	-0.96	-0.98	-0.79	-0.92	-0.92	-0.92	-0.89	-0.84
Accounts Payable	0.84	0.58	0.88	0.9	0.84	0.27	0.88	0.84	0.95	-0.15	-0.98		0.28	0.88	0.89	-0.44	0.61	0.93	0.96	0.99	0.69	0.91	0.89	0.84	0.89	0.75
Cash	0.68	0.44	0.58	0.48	0.7	0.8	0.57	0.07	0.37	-0.95	-0.38	0.28		0.29	0.28	0.5	0.91	0.4	0.47	0.31	0.56	0.06	0.44	0.63	0.55	0.55
Non Current Assets Total	0.88	0.76	0.91	0.96	0.87	-0.02	0.79	0.98	0.96	-0.06	-0.91	0.88	0.29		0.93	-0.13	0.58	0.97	0.89	0.85	0.82	0.93	0.98	0.9	0.92	0.87
Non Currrent Assets Other	0.81	0.51	0.8	0.85	0.82	0.09	0.71	0.9	0.95	-0.14	-0.9	0.89	0.28	0.93		-0.34	0.52	0.97	0.83	0.83	0.62	0.84	0.94	0.84	0.84	0.69
Other Assets	0.11	0.41	0.02	-0.04	0.07	0.07	-0.14	-0.25	-0.28	-0.37	0.28	-0.44	0.5	-0.13	-0.34		0.32	-0.21	-0.22	-0.4	0.33	-0.31	-0.11	0.09	-0.07	0.25
Cash And Short Term Investments	0.89	0.69	0.83	0.75	0.9	0.72	0.79	0.39	0.64	-0.77	-0.7	0.61	0.91	0.58	0.52	0.32		0.65	0.76	0.65	0.8	0.45	0.68	0.86	0.77	0.81
Net Receivables	0.91	0.66	0.92	0.96	0.92	0.17	0.85	0.93	0.99	-0.22	-0.94	0.93	0.4	0.97	0.97	-0.21	0.65		0.93	0.89	0.77	0.88	0.99	0.92	0.95	0.83
Common Stock Total Equity	0.93	0.69	0.97	0.96	0.93	0.37	0.97	0.81	0.95	-0.31	-0.96	0.96	0.47	0.89	0.83	-0.22	0.76	0.93		0.97	0.8	0.86	0.92	0.91	0.96	0.86
Common Stock Shares Outstanding	0.84	0.61	0.89	0.89	0.84	0.32	0.89	0.8	0.91	-0.17	-0.98	0.99	0.31	0.85	0.83	-0.4	0.65	0.89	0.97		0.71	0.9	0.85	0.84	0.87	0.77
Non Current Liabilities Total	0.91	0.98	0.91	0.89	0.88	0.18	0.74	0.72	0.73	-0.28	-0.79	0.69	0.56	0.82	0.62	0.33	0.8	0.77	0.8	0.71		0.77	0.81	0.92	0.82	0.99
Capital Lease Obligations	0.77	0.73	0.83	0.88	0.75	-0.09	0.72	0.94	0.88	0.16	-0.92	0.91	0.06	0.93	0.84	-0.31	0.45	0.88	0.86	0.9	0.77		0.86	0.8	0.8	0.81
Inventory	0.93	0.72	0.94	0.97	0.93	0.15	0.85	0.93	0.98	-0.23	-0.92	0.89	0.44	0.98	0.94	-0.11	0.68	0.99	0.92	0.85	0.81	0.86		0.94	0.96	0.87
Other Current Assets	0.99	0.82	0.96	0.95	0.99	0.35	0.85	0.79	0.9	-0.43	-0.92	0.84	0.63	0.9	0.84	0.09	0.86	0.92	0.91	0.84	0.92	0.8	0.94		0.93	0.94
Other Stockholder Equity	0.95	0.72	0.98	0.98	0.95	0.32	0.96	0.84	0.95	-0.36	-0.89	0.89	0.55	0.92	0.84	-0.07	0.77	0.95	0.96	0.87	0.82	0.8	0.96	0.93		0.88
Total Liab	0.94	0.96	0.95	0.93	0.91	0.2	0.8	0.77	0.8	-0.28	-0.84	0.75	0.55	0.87	0.69	0.25	0.81	0.83	0.86	0.77	0.99	0.81	0.87	0.94	0.88

Click cells to compare fundamentals

Alkami Technology Account Relationship Matchups

Pair Trading with Alkami Technology

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 Alkami Technology 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 Alkami Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against Alkami Stock

0.86	DV	DoubleVerify Holdings	Pair Corr
0.81	ZI	ZoomInfo Technologies	Pair Corr
0.8	BL	Blackline	Pair Corr
0.79	U	Unity Software	Pair Corr
0.74	PD	Pagerduty Tech Boost	Pair Corr

The ability to find closely correlated positions to Alkami Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alkami Technology 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 Alkami Technology - 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 Alkami Technology to buy it.

The correlation of Alkami Technology 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 Alkami Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alkami Technology 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 Alkami Technology 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.

Pair Correlation Correlation Matching

Additional Tools for Alkami Stock Analysis

When running Alkami Technology's price analysis, check to measure Alkami Technology'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 Alkami Technology is operating at the current time. Most of Alkami Technology's value examination focuses on studying past and present price action to predict the probability of Alkami Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkami Technology's price. Additionally, you may evaluate how the addition of Alkami Technology to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Alkami Other Current Assets vs Cash And Short Term Investments Analysis

Other Current Assets vs Cash And Short Term Investments

Other Current Assets vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Other Current Assets

Cash And Short Term Investments

Alkami Technology fundamental ratios Correlations

Alkami Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Alkami Technology

Moving against Alkami Stock

Additional Tools for Alkami Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Other Current Assets	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Other Current Liab
Other Current Assets	+ 0.99	Total Stockholder Equity
Net Receivables	+ 0.99	Current Deferred Revenue
Common Stock Shares Outstanding	+ 0.99	Accounts Payable

Common Stock Shares Outstanding	- 0.98	Retained Earnings
Accounts Payable	- 0.98	Retained Earnings
Common Stock Total Equity	- 0.96	Retained Earnings
Cash	- 0.95	Net Debt
Net Receivables	- 0.94	Retained Earnings
Retained Earnings	- 0.94	Current Deferred Revenue