Beam Accounts Payable vs Inventory Analysis
| BEEM Stock | USD 6.21 0.04 0.64% |
Beam Global financial indicator trend analysis is way more than just evaluating Beam Global prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beam Global is a good investment. Please check the relationship between Beam Global Accounts Payable and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beam Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Accounts Payable vs Inventory
Accounts Payable vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beam Global Accounts Payable account and Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Beam Global's Accounts Payable and Inventory is 0.9. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Inventory in the same time period over historical financial statements of Beam Global, assuming nothing else is changed. The correlation between historical values of Beam Global's Accounts Payable and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Beam Global are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Accounts Payable i.e., Beam Global's Accounts Payable and Inventory go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Beam Global obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Beam Global are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Inventory
Most indicators from Beam Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beam Global 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 Beam Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At this time, Beam Global's Selling General Administrative is very stable compared to the past year. As of the 13th of May 2024, Tax Provision is likely to grow to about 14.7 K, while Enterprise Value Over EBITDA is likely to drop (5.91).
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 125.1K | 1.1M | 1.9M | 2.0M | Income Tax Expense | 1K | 2K | 12K | 12.6K |
Beam Global fundamental ratios Correlations
Click cells to compare fundamentals
Beam Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beam Global fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 7.3M | 32.9M | 30.7M | 37.7M | 77.9M | 81.8M | |
| Short Long Term Debt Total | 572.9K | 2.4M | 2.1M | 1.7M | 1.3M | 1.6M | |
| Total Current Liabilities | 1.5M | 1.8M | 3.0M | 13.2M | 16.9M | 17.7M | |
| Total Stockholder Equity | 5.8M | 29.2M | 26.0M | 23.2M | 49.5M | 52.0M | |
| Net Debt | (3.3M) | (24.3M) | (19.9M) | 17K | (9.1M) | (8.7M) | |
| Retained Earnings | (45.8M) | (51.0M) | (57.6M) | (77.3M) | (93.4M) | (88.7M) | |
| Accounts Payable | 485.0K | 728K | 1.6M | 2.9M | 9.7M | 10.2M | |
| Cash | 3.8M | 26.7M | 21.9M | 1.7M | 10.4M | 10.9M | |
| Cash And Short Term Investments | 3.8M | 26.7M | 21.9M | 1.7M | 10.4M | 10.9M | |
| Common Stock Total Equity | 141.8K | 145.3K | 5.2K | 8.5K | 9.8K | 9.3K | |
| Common Stock Shares Outstanding | 4.5M | 6.2M | 8.9M | 9.9M | 12.3M | 13.0M | |
| Liabilities And Stockholders Equity | 7.3M | 32.9M | 30.7M | 37.7M | 77.9M | 81.8M | |
| Other Stockholder Equity | 51.6M | 80.2M | 83.6M | 100.5M | 142.3M | 149.4M | |
| Total Liab | 1.5M | 3.8M | 4.7M | 14.5M | 28.4M | 29.8M | |
| Total Current Assets | 6.6M | 29.9M | 27.6M | 19.9M | 40.7M | 42.7M | |
| Short Term Debt | 572.9K | 521K | 468K | 628K | 655K | 1.2M | |
| Common Stock | 5.2K | 8.5K | 9.0K | 10K | 14K | 13.3K | |
| Other Current Liab | 311.3K | 484K | 784K | 8.5M | 5.7M | 5.9M | |
| Property Plant And Equipment Net | 419.4K | 2.7M | 2.7M | 3.2M | 17.5M | 18.4M | |
| Current Deferred Revenue | 93.6K | 107K | 136K | 1.2M | 828K | 439.5K | |
| Non Current Assets Total | 681.4K | 3M | 3.1M | 17.8M | 37.2M | 39.1M | |
| Non Currrent Assets Other | 300.6K | 56.9K | 52K | 62K | 73K | 93.2K | |
| Net Receivables | 766.2K | 1.8M | 3.8M | 4.4M | 16.1M | 16.9M | |
| Inventory | 1.8M | 1.1M | 1.6M | 12.2M | 14.2M | 14.9M | |
| Other Current Assets | 146.1K | 321K | 180K | 1.6M | 73.0K | 69.3K | |
| Property Plant And Equipment Gross | 419.4K | 2.7M | 2.7M | 3.2M | 19.3M | 20.2M | |
| Accumulated Other Comprehensive Income | (307.2K) | (346.4K) | 0.0 | 624K | 717.6K | 753.5K | |
| Non Current Liabilities Total | 1.2M | 1.9M | 1.7M | 1.4M | 11.5M | 12.1M | |
| Intangible Assets | 205.2K | 294K | 360K | 9.9M | 9.1M | 9.5M | |
| Net Tangible Assets | (2.6M) | 5.6M | 28.9M | 25.6M | 29.5M | 30.9M | |
| Other Assets | 300.6K | 56.9K | 52K | 62K | 55.8K | 95.5K | |
| Short Long Term Debt | 2.6M | 2.9M | 223.7K | 40K | 36K | 34.2K | |
| Property Plant Equipment | 133.2K | 419.4K | 2.7M | 2.7M | 3.1M | 3.2M | |
| Net Invested Capital | 6.0M | 29.2M | 26.0M | 23.2M | 49.7M | 52.2M | |
| Net Working Capital | 5.1M | 28.1M | 24.6M | 6.8M | 23.8M | 13.3M | |
| Capital Stock | 5.2K | 8.5K | 9.0K | 10K | 14K | 25.6K |
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 Beam Global 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, Beam Global's short interest history, or implied volatility extrapolated from Beam Global options trading.
Pair Trading with Beam Global
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 Beam Global 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 Beam Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Beam Stock
| 0.76 | BBU | Brookfield Business | PairCorr |
| 0.67 | CYD | China Yuchai Interna | PairCorr |
Moving against Beam Stock
| 0.72 | IGC | India Globalization | PairCorr |
| 0.71 | FIP | FTAI Infrastructure | PairCorr |
| 0.71 | MLR | Miller Industries | PairCorr |
| 0.71 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
| 0.68 | GBX | Greenbrier Companies Financial Report 4th of July 2024 | PairCorr |
The ability to find closely correlated positions to Beam Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beam Global 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 Beam Global - 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 Beam Global to buy it.
The correlation of Beam Global 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 Beam Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beam Global 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 Beam Global 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 Beam Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Beam Global information on this page should be used as a complementary analysis to other Beam Global'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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Beam Stock analysis
When running Beam Global's price analysis, check to measure Beam Global'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 Beam Global is operating at the current time. Most of Beam Global's value examination focuses on studying past and present price action to predict the probability of Beam Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beam Global's price. Additionally, you may evaluate how the addition of Beam Global to your portfolios can decrease your overall portfolio volatility.
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
Is Beam Global'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 Beam Global. If investors know Beam 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 Beam Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.30) | Revenue Per Share 5.456 | Quarterly Revenue Growth 1.536 | Return On Assets (0.17) | Return On Equity (0.44) |
The market value of Beam Global is measured differently than its book value, which is the value of Beam that is recorded on the company's balance sheet. Investors also form their own opinion of Beam Global's value that differs from its market value or its book value, called intrinsic value, which is Beam Global'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 Beam Global's market value can be influenced by many factors that don't directly affect Beam Global'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 Beam Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beam Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beam Global'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.