Bon Cash And Short Term Investments vs Other Assets Analysis
BON Stock | USD 2.97 0.34 12.93% |
Bon Natural financial indicator trend analysis is way more than just evaluating Bon Natural Life prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bon Natural Life is a good investment. Please check the relationship between Bon Natural Cash And Short Term Investments and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bon Natural Life. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Cash And Short Term Investments vs Other Assets
Cash And Short Term Investments vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bon Natural Life Cash And Short Term Investments account and Other Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Bon Natural's Cash And Short Term Investments and Other Assets is -0.15. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Assets in the same time period over historical financial statements of Bon Natural Life, assuming nothing else is changed. The correlation between historical values of Bon Natural's Cash And Short Term Investments and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Bon Natural Life are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Cash And Short Term Investments i.e., Bon Natural's Cash And Short Term Investments and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Bon Natural Life balance sheet. This account contains Bon Natural investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Bon Natural Life 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.Other Assets
Most indicators from Bon Natural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bon Natural Life 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 Bon Natural Life. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. As of the 9th of May 2024, Issuance Of Capital Stock is likely to grow to about 2.7 M, while Tax Provision is likely to drop about 780.3 K.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 369.5K | 1.2M | 1.4M | 1.4M | Interest Income | 1.4K | 9.4K | 10.8K | 11.4K |
Bon Natural fundamental ratios Correlations
Click cells to compare fundamentals
Bon Natural Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bon Natural fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 25.2M | 36.4M | 37.3M | 46.6M | 53.5M | 33.3M | |
Short Long Term Debt Total | 5.7M | 3.1M | 5.4M | 4.2M | 3.8M | 4.1M | |
Other Current Liab | 6.8M | 5.3M | 1.4M | 4.9M | 5.6M | 4.3M | |
Total Current Liabilities | 11.7M | 7.5M | 6.6M | 9.6M | 8.7M | 7.3M | |
Total Stockholder Equity | 10.5M | 26.0M | 29.6M | 35.5M | 40.8M | 20.7M | |
Net Tangible Assets | 6.7M | 10.4M | 25.6M | 29.2M | 33.6M | 35.3M | |
Property Plant And Equipment Net | 14.2M | 19.4M | 22.2M | 21.4M | 24.6M | 16.4M | |
Net Debt | 5.7M | 1.2M | 4.6M | 4.1M | 3.7M | 3.6M | |
Retained Earnings | 5.1M | 9.2M | 14.7M | 18.7M | 21.5M | 22.6M | |
Accounts Payable | 1.3M | 380.4K | 214.6K | 1.4M | 1.3M | 1.3M | |
Cash | 53.1K | 1.9M | 840.9K | 112.8K | 101.5K | 96.4K | |
Non Current Assets Total | 14.4M | 19.9M | 22.5M | 22.4M | 25.7M | 17.1M | |
Other Assets | 1.3M | 49.1K | 22.3K | 2.8K | 2.5K | 2.4K | |
Long Term Debt | 2.5M | 2.2M | 189.8K | 871.4K | 784.2K | 1.4M | |
Cash And Short Term Investments | 53.1K | 3.6M | 840.9K | 112.8K | 129.7K | 123.3K | |
Net Receivables | 5.8M | 6.2M | 6.8M | 4.6M | 5.3M | 5.7M | |
Common Stock Shares Outstanding | 8.2M | 6.7M | 8.4M | 9.2M | 10.6M | 8.9M | |
Liabilities And Stockholders Equity | 25.2M | 36.4M | 37.3M | 46.6M | 53.5M | 33.3M | |
Non Current Liabilities Total | 2.5M | 2.3M | 517.0K | 963.1K | 866.8K | 1.5M | |
Capital Lease Obligations | 33.4K | 399.8K | 583.7K | 319.0K | 366.9K | 317.4K | |
Inventory | 1.0M | 1.6M | 1.7M | 987.3K | 888.6K | 844.1K | |
Other Current Assets | (9K) | 5.2M | 277.5K | 2.4M | 2.7M | 1.6M | |
Other Stockholder Equity | 5.3M | 15.5M | 15.7M | 18.1M | 20.8M | 11.9M | |
Total Liab | 14.2M | 9.9M | 7.2M | 10.6M | 9.5M | 8.8M | |
Net Invested Capital | 16.2M | 28.7M | 34.4M | 39.4M | 45.3M | 26.1M | |
Short Long Term Debt | 3.2M | 489.4K | 4.6M | 3.0M | 2.7M | 2.5M | |
Total Current Assets | 10.8M | 16.5M | 14.7M | 24.2M | 27.8M | 16.2M | |
Accumulated Other Comprehensive Income | 191.8K | 1.3M | (827.1K) | (1.3M) | (1.2M) | (1.1M) | |
Capital Stock | 580.0 | 833.0 | 840.0 | 1.2K | 1.4K | 817.85 | |
Net Working Capital | (856.8K) | 9.0M | 8.1M | 14.6M | 16.8M | 17.6M | |
Short Term Debt | 3.2M | 713.5K | 4.9M | 3.2M | 2.9M | 2.7M | |
Intangible Assets | 141.0K | 411.1K | 366.2K | 995.2K | 1.1M | 1.2M | |
Common Stock | 580.0 | 833.0 | 840.0 | 1.2K | 1.4K | 817.85 | |
Property Plant Equipment | 9.5M | 14.2M | 19.4M | 22.2M | 25.5M | 15.0M | |
Non Currrent Assets Other | 510.1K | (19.8M) | (22.5M) | (22.4M) | (20.1M) | (21.1M) |
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 Bon Natural 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, Bon Natural's short interest history, or implied volatility extrapolated from Bon Natural options trading.
Pair Trading with Bon Natural
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 Bon Natural 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 Bon Natural will appreciate offsetting losses from the drop in the long position's value.Moving together with Bon Stock
0.66 | FAMI | Farmmi Inc | PairCorr |
Moving against Bon Stock
0.76 | CL | Colgate Palmolive Financial Report 26th of July 2024 | PairCorr |
0.72 | BG | Bunge Limited | PairCorr |
0.72 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
0.7 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
0.67 | SENEA | Seneca Foods Corp | PairCorr |
The ability to find closely correlated positions to Bon Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bon Natural 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 Bon Natural - 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 Bon Natural Life to buy it.
The correlation of Bon Natural 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 Bon Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bon Natural Life 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 Bon Natural 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 Bon Natural Life. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Bon Natural's price analysis, check to measure Bon Natural'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 Bon Natural is operating at the current time. Most of Bon Natural's value examination focuses on studying past and present price action to predict the probability of Bon Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bon Natural's price. Additionally, you may evaluate how the addition of Bon Natural to your portfolios can decrease your overall portfolio volatility.
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Is Bon Natural'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 Bon Natural. If investors know Bon 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 Bon Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Earnings Share 5 | Revenue Per Share 32.302 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0883 |
The market value of Bon Natural Life is measured differently than its book value, which is the value of Bon that is recorded on the company's balance sheet. Investors also form their own opinion of Bon Natural's value that differs from its market value or its book value, called intrinsic value, which is Bon Natural'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 Bon Natural's market value can be influenced by many factors that don't directly affect Bon Natural'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 Bon Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bon Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bon Natural'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.