Aqua Total Liab vs Net Invested Capital Analysis

AQMS Stock  USD 0.39  0.01  2.63%   
Aqua Metals financial indicator trend analysis is way more than just evaluating Aqua Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aqua Metals is a good investment. Please check the relationship between Aqua Metals Total Liab and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aqua Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Aqua Stock please use our How to Invest in Aqua Metals guide.

Total Liab vs Net Invested Capital

Total Liab vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aqua Metals Total Liab account and Net Invested Capital. At this time, the significance of the direction appears to have very week relationship.
The correlation between Aqua Metals' Total Liab and Net Invested Capital is 0.23. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Aqua Metals, assuming nothing else is changed. The correlation between historical values of Aqua Metals' Total Liab and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Aqua Metals are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Liab i.e., Aqua Metals' Total Liab and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.23
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Aqua Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aqua Metals 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 Aqua Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Aqua Stock please use our How to Invest in Aqua Metals guide.Enterprise Value is likely to gain to about 85.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 10.2 M in 2024.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization379K262K1.3M1.1M
Interest Income379K262K999K813.2K

Aqua Metals fundamental ratios Correlations

0.690.650.240.99-0.640.980.92-0.58-0.30.750.810.960.070.90.810.320.290.870.60.820.520.83-0.430.93-0.61
0.690.360.440.59-0.570.580.69-0.190.280.510.640.62-0.280.850.64-0.26-0.310.840.220.37-0.110.920.10.68-0.24
0.650.360.770.62-0.580.630.56-0.22-0.70.50.310.620.070.410.310.690.680.30.50.50.780.65-0.820.59-0.09
0.240.440.770.15-0.460.160.240.3-0.330.28-0.080.21-0.250.15-0.080.30.30.060.210.10.330.58-0.490.260.28
0.990.590.620.15-0.60.990.92-0.64-0.350.720.810.970.110.860.810.360.330.830.620.850.560.75-0.450.92-0.66
-0.64-0.57-0.58-0.46-0.6-0.64-0.580.350.31-0.74-0.45-0.60.07-0.62-0.45-0.33-0.21-0.61-0.31-0.39-0.35-0.710.45-0.590.46
0.980.580.630.160.99-0.640.91-0.68-0.390.710.790.960.090.850.790.420.340.820.620.820.570.74-0.480.91-0.68
0.920.690.560.240.92-0.580.91-0.47-0.180.610.710.97-0.140.780.710.180.150.80.690.840.380.77-0.351.0-0.59
-0.58-0.19-0.220.3-0.640.35-0.68-0.470.33-0.25-0.83-0.54-0.08-0.55-0.83-0.38-0.28-0.52-0.24-0.28-0.39-0.220.24-0.480.65
-0.30.28-0.7-0.33-0.350.31-0.39-0.180.33-0.36-0.05-0.28-0.120.02-0.05-1.0-0.960.11-0.54-0.32-0.95-0.060.94-0.220.29
0.750.510.50.280.72-0.740.710.61-0.25-0.360.440.640.020.680.440.360.350.70.590.670.50.71-0.460.62-0.67
0.810.640.31-0.080.81-0.450.790.71-0.83-0.050.440.74-0.010.841.00.080.060.830.270.440.240.63-0.070.71-0.58
0.960.620.620.210.97-0.60.960.97-0.54-0.280.640.740.080.810.740.290.260.80.670.860.490.76-0.440.98-0.56
0.07-0.280.07-0.250.110.070.09-0.14-0.08-0.120.02-0.010.080.05-0.010.140.160.0-0.20.090.18-0.11-0.15-0.130.24
0.90.850.410.150.86-0.620.850.78-0.550.020.680.840.810.050.840.01-0.060.980.330.60.170.87-0.070.78-0.54
0.810.640.31-0.080.81-0.450.790.71-0.83-0.050.441.00.74-0.010.840.080.060.830.270.440.240.63-0.070.71-0.58
0.32-0.260.690.30.36-0.330.420.18-0.38-1.00.360.080.290.140.010.080.94-0.080.520.310.930.06-0.930.21-0.32
0.29-0.310.680.30.33-0.210.340.15-0.28-0.960.350.060.260.16-0.060.060.94-0.140.520.330.960.04-0.910.19-0.24
0.870.840.30.060.83-0.610.820.8-0.520.110.70.830.80.00.980.83-0.08-0.140.380.610.090.840.00.79-0.6
0.60.220.50.210.62-0.310.620.69-0.24-0.540.590.270.67-0.20.330.270.520.520.380.70.640.41-0.640.7-0.61
0.820.370.50.10.85-0.390.820.84-0.28-0.320.670.440.860.090.60.440.310.330.610.70.530.56-0.430.85-0.58
0.52-0.110.780.330.56-0.350.570.38-0.39-0.950.50.240.490.180.170.240.930.960.090.640.530.24-0.940.42-0.37
0.830.920.650.580.75-0.710.740.77-0.22-0.060.710.630.76-0.110.870.630.060.040.840.410.560.24-0.240.78-0.31
-0.430.1-0.82-0.49-0.450.45-0.48-0.350.240.94-0.46-0.07-0.44-0.15-0.07-0.07-0.93-0.910.0-0.64-0.43-0.94-0.24-0.380.24
0.930.680.590.260.92-0.590.911.0-0.48-0.220.620.710.98-0.130.780.710.210.190.790.70.850.420.78-0.38-0.59
-0.61-0.24-0.090.28-0.660.46-0.68-0.590.650.29-0.67-0.58-0.560.24-0.54-0.58-0.32-0.24-0.6-0.61-0.58-0.37-0.310.24-0.59
Click cells to compare fundamentals

Aqua Metals Account Relationship Matchups

Aqua Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets69.5M35.1M33.3M33.5M33.6M38.0M
Short Long Term Debt Total10.1M1.2M718K6.5M3.2M5.6M
Other Current Liab4.1M1.3M3.0M5.0M2.5M2.8M
Total Current Liabilities9.8M3.5M4.1M12.3M4.6M6.9M
Total Stockholder Equity49.6M31.1M27.5M20.9M26.1M28.3M
Other Liab1.5M772K790K1.3M1.2M889.3K
Net Tangible Assets48.6M30.3M26.9M20.5M23.5M39.0M
Property Plant And Equipment Net37.6M25.6M2.4M7.3M10.6M18.0M
Net Debt2.5M(5.3M)(7.4M)(601K)(13.3M)(14.0M)
Retained Earnings(139.9M)(165.7M)(183.8M)(199.3M)(223.2M)(212.1M)
Accounts Payable4.8M1.6M685K1.1M1.8M1.5M
Cash7.6M6.5M8.1M7.1M16.5M11.2M
Non Current Assets Total42.0M26.8M20.8M10.3M15.3M21.9M
Other Assets2.8M1.9M16.3M26K29.9K28.4K
Long Term Debt8.6M8.4M303K2.9M2.6M5.1M
Cash And Short Term Investments7.6M6.5M8.1M7.1M16.5M11.2M
Common Stock Total Equity39K58K64K79K90.9K95.4K
Common Stock Shares Outstanding52.3M60.9M70.0M75.8M93.9M47.8M
Liabilities And Stockholders Equity69.5M35.1M33.3M33.5M33.6M38.0M
Non Current Liabilities Total10.1M545K1.7M275K2.9M4.7M
Inventory1.3M1.1M123K278K929K638K
Other Current Assets981K702K356K263K181K172.0K
Other Stockholder Equity189.4M196.7M211.3M220.1M249.2M160.7M
Total Liab19.9M4.0M5.7M12.6M7.5M9.7M
Property Plant And Equipment Gross38.8M25.6M4.0M9.3M12.2M18.5M
Short Long Term Debt4.4M296K29K5.9M35K33.3K
Total Current Assets27.5M8.4M12.4M23.2M18.3M16.2M
Short Term Debt848K649K388K6.2M310K294.5K
Intangible Assets999K819K640K461K281K267.0K
Common Stock58K64K70K79K108K102.6K
Property Plant Equipment38.2M24.9M2.4M7.3M6.6M6.3M
Non Currrent Assets Other3.3M362K796K489K4.5M4.7M
Retained Earnings Total Equity(95.1M)(139.9M)(165.7M)(199.3M)(179.3M)(170.4M)
Capital Surpluse145.1M189.4M196.7M220.1M253.1M157.0M
Net Receivables17.7M32K1.2M15.5M667K633.7K
Net Invested Capital58.3M31.5M27.5M26.8M29.0M34.9M

Pair Trading with Aqua Metals

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 Aqua Metals 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 Aqua Metals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aqua Stock

  0.75LZ LegalZoomPairCorr
  0.73DRVN Driven Brands HoldingsPairCorr

Moving against Aqua Stock

  0.68VRSK Verisk AnalyticsPairCorr
  0.67EXPO ExponentPairCorr
  0.64DLX DeluxePairCorr
  0.6FCN FTI ConsultingPairCorr
  0.59EBF Ennis IncPairCorr
The ability to find closely correlated positions to Aqua Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aqua Metals 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 Aqua Metals - 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 Aqua Metals to buy it.
The correlation of Aqua Metals 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 Aqua Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aqua Metals 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 Aqua Metals 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 CorrelationCorrelation Matching

Additional Tools for Aqua Stock Analysis

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