Broadway Accounts Payable vs Total Stockholder Equity Analysis

BYFC Stock  USD 4.91  0.04  0.82%   
Broadway Financial financial indicator trend analysis is way more than just evaluating Broadway Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Broadway Financial is a good investment. Please check the relationship between Broadway Financial Accounts Payable and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadway Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.

Accounts Payable vs Total Stockholder Equity

Accounts Payable vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Broadway Financial Accounts Payable account and Total Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Broadway Financial's Accounts Payable and Total Stockholder Equity is -0.03. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Broadway Financial, assuming nothing else is changed. The correlation between historical values of Broadway Financial's Accounts Payable and Total Stockholder Equity 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 Broadway Financial are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Accounts Payable i.e., Broadway Financial's Accounts Payable and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.03
Relationship DirectionNegative 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Broadway Financial 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 Broadway Financial 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.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Broadway Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Broadway Financial 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 Broadway Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.At present, Broadway Financial's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 181.1 M, whereas Enterprise Value is forecasted to decline to about 146.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense3.7M3.4M3.1M4.6M
Depreciation And Amortization680K811K932.7K979.3K

Broadway Financial fundamental ratios Correlations

0.970.950.240.360.320.970.040.650.30.98-0.210.980.830.980.980.860.950.950.90.870.170.710.95-0.270.6
0.970.890.410.40.110.99-0.060.520.080.97-0.180.950.910.940.930.830.940.930.950.82-0.030.770.93-0.150.76
0.950.890.070.270.430.920.170.610.420.96-0.320.930.720.970.960.730.860.90.820.920.350.580.88-0.160.51
0.240.410.07-0.04-0.80.38-0.310.06-0.810.270.120.180.620.150.070.510.230.280.450.17-0.820.510.2-0.260.83
0.360.40.27-0.040.150.340.180.310.090.30.030.390.220.330.360.160.520.510.31-0.040.040.520.440.110.16
0.320.110.43-0.80.150.130.30.410.990.25-0.230.35-0.170.390.450.110.30.250.050.30.92-0.060.33-0.13-0.52
0.970.990.920.380.340.13-0.040.490.110.99-0.230.950.910.960.940.810.920.930.940.880.020.740.91-0.10.76
0.04-0.060.17-0.310.180.3-0.040.240.290.04-0.05-0.03-0.270.070.04-0.09-0.060.23-0.190.020.480.08-0.04-0.03-0.26
0.650.520.610.060.310.410.490.240.40.540.030.60.340.570.590.680.620.640.470.470.260.410.63-0.710.15
0.30.080.42-0.810.090.990.110.290.40.23-0.160.34-0.20.350.430.070.280.210.030.30.9-0.150.32-0.14-0.54
0.980.970.960.270.30.250.990.040.540.23-0.30.950.860.980.970.80.910.940.910.920.160.70.91-0.120.67
-0.21-0.18-0.320.120.03-0.23-0.23-0.050.03-0.16-0.3-0.1-0.18-0.33-0.27-0.14-0.06-0.23-0.12-0.42-0.39-0.090.01-0.31-0.15
0.980.950.930.180.390.350.95-0.030.60.340.95-0.10.790.960.970.790.970.910.910.810.170.640.99-0.210.55
0.830.910.720.620.22-0.170.91-0.270.34-0.20.86-0.180.790.80.770.780.760.780.840.76-0.290.760.75-0.110.89
0.980.940.970.150.330.390.960.070.570.350.98-0.330.960.80.990.810.920.940.880.90.280.690.91-0.150.57
0.980.930.960.070.360.450.940.040.590.430.97-0.270.970.770.990.770.930.910.860.880.310.640.94-0.150.51
0.860.830.730.510.160.110.81-0.090.680.070.8-0.140.790.780.810.770.80.820.820.71-0.040.760.79-0.590.64
0.950.940.860.230.520.30.92-0.060.620.280.91-0.060.970.760.920.930.80.910.930.720.10.710.98-0.250.57
0.950.930.90.280.510.250.930.230.640.210.94-0.230.910.780.940.910.820.910.850.780.170.810.89-0.230.62
0.90.950.820.450.310.050.94-0.190.470.030.91-0.120.910.840.880.860.820.930.850.78-0.10.720.9-0.160.77
0.870.820.920.17-0.040.30.880.020.470.30.92-0.420.810.760.90.880.710.720.780.780.260.490.74-0.120.57
0.17-0.030.35-0.820.040.920.020.480.260.90.16-0.390.17-0.290.280.31-0.040.10.17-0.10.26-0.130.110.04-0.55
0.710.770.580.510.52-0.060.740.080.41-0.150.7-0.090.640.760.690.640.760.710.810.720.49-0.130.63-0.210.71
0.950.930.880.20.440.330.91-0.040.630.320.910.010.990.750.910.940.790.980.890.90.740.110.63-0.270.53
-0.27-0.15-0.16-0.260.11-0.13-0.1-0.03-0.71-0.14-0.12-0.31-0.21-0.11-0.15-0.15-0.59-0.25-0.23-0.16-0.120.04-0.21-0.27-0.01
0.60.760.510.830.16-0.520.76-0.260.15-0.540.67-0.150.550.890.570.510.640.570.620.770.57-0.550.710.53-0.01
Click cells to compare fundamentals

Broadway Financial Account Relationship Matchups

Broadway Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets440.4M483.4M1.1B1.2B1.4B1.4B
Total Stockholder Equity48.8M48.9M141M279.5M321.4M337.5M
Property Plant And Equipment Net2.8M2.5M10.3M10.3M9.3M9.7M
Net Debt72.8M17.7M(131.6M)126.2M145.2M152.4M
Retained Earnings8.4M7.8M3.7M9.3M8.4M4.5M
Cash15.6M96.1M231.5M16.1M18.5M22.8M
Non Current Assets Total14.0M13.3M195.7M367.4M422.5M443.6M
Non Currrent Assets Other(14.0M)(13.3M)(6.1M)(11.9M)(13.7M)(14.3M)
Other Assets398.6M362.1M506.5M468.2M538.5M321.6M
Cash And Short Term Investments26.6M106.8M387.9M16.1M18.5M34.1M
Net Receivables1.2M1.2M3.4M4.0M4.6M4.8M
Common Stock Shares Outstanding3.4M3.4M7.5M9.1M10.5M8.5M
Liabilities And Stockholders Equity440.4M483.4M1.1B1.2B1.4B1.4B
Other Stockholder Equity40.1M40.6M134.1M136.9M157.4M165.3M
Total Liab88.3M113.8M100.0M904.8M1.0B1.1B
Property Plant And Equipment Gross2.8M6.3M14.4M14.7M16.9M17.7M
Total Current Assets27.8M108.0M391.3M348.8M401.2M421.2M
Short Long Term Debt Total88.3M113.8M100.0M142.3M163.7M171.9M
Other Current Liab228.9M236.0M515.4M608.1M699.3M734.2M
Total Current Liabilities262.9M263.7M585.8M767.3M882.4M926.5M
Short Term Debt34.1M27.7M70.3M159.2M183.1M192.2M
Accumulated Other Comprehensive Income(23K)164K(551K)(17.5M)(15.7M)(14.9M)
Other Liab1.0M787K12.9M12.1M13.9M14.6M
Accounts Payable4.4M315.6M788.1M11.9M10.7M10.2M
Long Term Debt4.3M113.8M14M142.3M163.7M171.9M
Common Stock Total Equity305K219K744K761K875.2K918.9K
Short Term Investments11.0M10.7M156.4M328.7M295.9M578.2M
Inventory(16.8M)(97.3M)(234.9M)308.7M277.8M291.7M
Common Stock305K306K744K761K875.2K918.9K
Property Plant Equipment2.8M2.5M10.3M10.3M9.3M9.7M
Other Current Assets16.8M97.3M234.9M20.1M18.1M17.2M
Non Current Liabilities Total88.3M113.8M100.0M904.8M1.0B1.1B
Retained Earnings Total Equity8.4M7.8M3.7M9.3M10.7M11.2M
Net Tangible Assets48.8M48.9M141M101.1M116.3M60.5M
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 Broadway Financial 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, Broadway Financial's short interest history, or implied volatility extrapolated from Broadway Financial options trading.

Pair Trading with Broadway Financial

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 Broadway Financial 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 Broadway Financial will appreciate offsetting losses from the drop in the long position's value.

Moving against Broadway Stock

  0.78TECTP Tectonic FinancialPairCorr
  0.76DB Deutsche Bank AGPairCorr
  0.68CFG-PD Citizens FinancialPairCorr
  0.44RF Regions Financial Financial Report 19th of July 2024 PairCorr
The ability to find closely correlated positions to Broadway Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broadway Financial 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 Broadway Financial - 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 Broadway Financial to buy it.
The correlation of Broadway Financial 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 Broadway Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadway Financial 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 Broadway Financial 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
When determining whether Broadway Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Broadway Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Broadway Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Broadway Financial Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadway Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.
Note that the Broadway Financial information on this page should be used as a complementary analysis to other Broadway Financial'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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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When running Broadway Financial's price analysis, check to measure Broadway Financial'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 Broadway Financial is operating at the current time. Most of Broadway Financial's value examination focuses on studying past and present price action to predict the probability of Broadway Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Broadway Financial's price. Additionally, you may evaluate how the addition of Broadway Financial to your portfolios can decrease your overall portfolio volatility.
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Is Broadway Financial'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 Broadway Financial. If investors know Broadway 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 Broadway Financial 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
(0.87)
Earnings Share
0.56
Revenue Per Share
3.606
Quarterly Revenue Growth
(0.24)
Return On Assets
0.0038
The market value of Broadway Financial is measured differently than its book value, which is the value of Broadway that is recorded on the company's balance sheet. Investors also form their own opinion of Broadway Financial's value that differs from its market value or its book value, called intrinsic value, which is Broadway Financial'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 Broadway Financial's market value can be influenced by many factors that don't directly affect Broadway Financial'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 Broadway Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadway Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadway Financial'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.