Better Net Tangible Assets vs Net Working Capital Analysis
BTTR Stock | USD 5.08 0.06 1.17% |
Better Choice financial indicator trend analysis is way more than just evaluating Better Choice prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Better Choice is a good investment. Please check the relationship between Better Choice Net Tangible Assets and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Better Choice. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Better Stock, please use our How to Invest in Better Choice guide.
Net Tangible Assets vs Net Working Capital
Net Tangible Assets vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Better Choice Net Tangible Assets account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Better Choice's Net Tangible Assets and Net Working Capital is 0.91. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Better Choice, assuming nothing else is changed. The correlation between historical values of Better Choice's Net Tangible Assets and Net Working 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 Net Tangible Assets of Better Choice are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Tangible Assets i.e., Better Choice's Net Tangible Assets and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Net Working Capital
Most indicators from Better Choice's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Better Choice 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 Better Choice. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Better Stock, please use our How to Invest in Better Choice guide.As of 05/02/2024, Selling General Administrative is likely to grow to about 8.5 M, though Tax Provision is likely to grow to (20.9 K).
Better Choice fundamental ratios Correlations
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Better Choice Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Better Choice fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 53.5M | 51.3M | 74.7M | 38.7M | 16.7M | 16.3M | |
Total Stockholder Equity | 3.5M | (28.1M) | 57.9M | 21.5M | 3.0M | 3.3M | |
Net Debt | 35.9M | 29.0M | (11.4M) | 8.4M | 291K | 276.5K | |
Cash | 2.4M | 3.9M | 21.7M | 3.2M | 4.5M | 2.8M | |
Non Current Assets Total | 36.0M | 33.7M | 30.7M | 11.2M | 505K | 479.8K | |
Cash And Short Term Investments | 2.4M | 3.9M | 21.7M | 3.2M | 4.5M | 3.0M | |
Common Stock Total Equity | 78.2K | 79.7K | 48K | 52K | 59.8K | 48.8K | |
Common Stock Shares Outstanding | 125.9K | 185.9K | 497.8K | 667.1K | 705.2K | 623.3K | |
Liabilities And Stockholders Equity | 53.5M | 51.3M | 74.7M | 38.7M | 16.7M | 16.3M | |
Other Current Assets | 80K | 4.1M | 10.2M | 1.1M | 361K | 343.0K | |
Other Stockholder Equity | 194.2M | 232.5M | 317.1M | 320.1M | 324.3M | 340.5M | |
Total Liab | 50.0M | 79.4M | 16.8M | 17.1M | 13.8M | 13.0M | |
Property Plant And Equipment Gross | 1.4M | 597K | 425K | 548K | 654K | 686.7K | |
Total Current Assets | 17.6M | 17.6M | 43.9M | 27.5M | 16.2M | 9.7M | |
Common Stock | 3.4K | 48K | 52K | 29K | 32K | 29.7K | |
Short Long Term Debt Total | 38.2M | 33.0M | 10.3M | 11.6M | 4.7M | 7.8M | |
Other Current Liab | 7.4M | 42.9M | 1.7M | 2.3M | 2.1M | 2.0M | |
Total Current Liabilities | 33.0M | 54.6M | 7.3M | 5.6M | 13.7M | 9.3M | |
Retained Earnings | (201.3M) | (260.6M) | (259.3M) | (298.6M) | (321.3M) | (305.3M) | |
Accounts Payable | 4.0M | 3.1M | 4.6M | 2.9M | 6.9M | 7.3M | |
Non Current Liabilities Total | 17.0M | 24.8M | 9.4M | 11.6M | 67K | 63.7K | |
Current Deferred Revenue | 311K | 350K | 225K | 336K | 7K | 6.7K | |
Other Assets | 1.3M | 1.7M | 116K | 544K | 625.6K | 377.0K | |
Short Term Debt | 21.2M | 8.2M | 909K | 52K | 4.7M | 3.3M | |
Net Tangible Assets | (40.3M) | (59.8M) | 27.7M | 11.5M | 10.3M | 10.8M | |
Long Term Debt | 16.4M | 24.6M | 9.4M | 11.4M | 13.2M | 7.6M | |
Net Receivables | 5.8M | 4.6M | 6.8M | 6.7M | 4.4M | 3.5M | |
Inventory | 6.6M | 4.9M | 5.2M | 10.3M | 6.6M | 3.7M | |
Short Long Term Debt | 20.9M | 8.0M | 855K | 4.6M | 5.3M | 4.4M | |
Intangible Assets | 14.6M | 13.1M | 11.6M | 10.1M | 11.6M | 6.0M | |
Property Plant Equipment | 1.4M | 597K | 425K | 548K | 630.2K | 374.5K | |
Non Currrent Assets Other | 1.3M | 1.4M | 116K | 544K | 155K | 147.3K | |
Capital Lease Obligations | 986K | 357K | 59K | 176K | 124K | 208.0K | |
Net Invested Capital | 30.2M | 4.5M | 68.1M | 33.0M | 7.6M | 7.2M | |
Net Working Capital | (15.4M) | (37.0M) | 36.6M | 21.9M | 2.5M | 2.7M |
Pair Trading with Better Choice
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 Better Choice 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 Better Choice will appreciate offsetting losses from the drop in the long position's value.Moving against Better Stock
0.79 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
0.78 | CL | Colgate Palmolive Sell-off Trend | PairCorr |
0.78 | DG | Dollar General Financial Report 6th of June 2024 | PairCorr |
0.76 | TPB | Turning Point Brands Earnings Call Today | PairCorr |
0.69 | BG | Bunge Limited | PairCorr |
The ability to find closely correlated positions to Better Choice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Better Choice 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 Better Choice - 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 Better Choice to buy it.
The correlation of Better Choice 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 Better Choice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Better Choice 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 Better Choice 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 Better Choice. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Better Stock, please use our How to Invest in Better Choice guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Better Choice's price analysis, check to measure Better Choice'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 Better Choice is operating at the current time. Most of Better Choice's value examination focuses on studying past and present price action to predict the probability of Better Choice's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Better Choice's price. Additionally, you may evaluate how the addition of Better Choice to your portfolios can decrease your overall portfolio volatility.
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Is Better Choice'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 Better Choice. If investors know Better 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 Better Choice listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (32.25) | Revenue Per Share 54.726 | Quarterly Revenue Growth (0.39) | Return On Assets (0.29) | Return On Equity (1.86) |
The market value of Better Choice is measured differently than its book value, which is the value of Better that is recorded on the company's balance sheet. Investors also form their own opinion of Better Choice's value that differs from its market value or its book value, called intrinsic value, which is Better Choice'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 Better Choice's market value can be influenced by many factors that don't directly affect Better Choice'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 Better Choice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Better Choice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Better Choice'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.