Carrier Inventory vs Cash And Short Term Investments Analysis
CARR Stock | USD 64.33 1.17 1.79% |
Carrier GlobalCorp financial indicator trend analysis is way more than just evaluating Carrier GlobalCorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carrier GlobalCorp is a good investment. Please check the relationship between Carrier GlobalCorp Inventory and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carrier GlobalCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Carrier Stock, please use our How to Invest in Carrier GlobalCorp guide.
Inventory vs Cash And Short Term Investments
Inventory vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Carrier GlobalCorp Inventory account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Carrier GlobalCorp's Inventory and Cash And Short Term Investments is 0.64. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Carrier GlobalCorp, assuming nothing else is changed. The correlation between historical values of Carrier GlobalCorp's Inventory and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Carrier GlobalCorp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Inventory i.e., Carrier GlobalCorp's Inventory and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Inventory
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Carrier GlobalCorp balance sheet. This account contains Carrier GlobalCorp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Carrier GlobalCorp 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.Most indicators from Carrier GlobalCorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carrier GlobalCorp 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 Carrier GlobalCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Carrier Stock, please use our How to Invest in Carrier GlobalCorp guide.At this time, Carrier GlobalCorp's Tax Provision is relatively stable compared to the past year. As of 05/13/2024, Selling General Administrative is likely to grow to about 3 B, while Enterprise Value Over EBITDA is likely to drop 9.70.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 50M | 380M | 542M | 312.7M | Interest Income | 13M | 83M | 109M | 61.9M |
Carrier GlobalCorp fundamental ratios Correlations
Click cells to compare fundamentals
Carrier GlobalCorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Carrier GlobalCorp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 1.9B | 2.3B | 3.7B | 2.6B | 3.7B | 2.7B | |
Total Current Liabilities | 4.5B | 5.1B | 6.6B | 6.0B | 6.9B | 5.9B | |
Other Liab | 2.7B | 2.7B | 2.4B | 2.7B | 2.5B | 2.2B | |
Net Tangible Assets | 3.1B | (4.9B) | (3.1B) | (3.6B) | (3.2B) | (3.0B) | |
Accounts Payable | 1.7B | 1.9B | 2.3B | 2.8B | 2.7B | 2.4B | |
Other Assets | 1.2B | 3.6B | 848M | 857M | 771.3M | 1.2B | |
Net Receivables | 3.3B | 3.4B | 2.9B | 3.4B | 2.8B | 2.5B | |
Common Stock Shares Outstanding | 866.2M | 880.2M | 890.3M | 861.2M | 853M | 696.7M | |
Inventory | 1.3B | 1.6B | 2.0B | 2.6B | 2.2B | 2.0B | |
Other Current Assets | 327M | 343M | 376M | 349M | 447M | 402.4M | |
Other Stockholder Equity | 1.2B | 5.3B | 4.9B | 3.6B | 3.6B | 3.0B | |
Total Current Assets | 6.0B | 8.5B | 11.4B | 9.9B | 18.8B | 10.5B | |
Property Plant Equipment | 2.5B | 1.8B | 1.8B | 2.2B | 2.6B | 2.1B | |
Total Assets | 22.4B | 25.1B | 26.2B | 26.1B | 32.8B | 28.3B | |
Total Stockholder Equity | 14.1B | 6.3B | 6.8B | 7.8B | 8.7B | 7.7B | |
Property Plant And Equipment Net | 2.5B | 2.6B | 2.5B | 2.9B | 2.8B | 2.7B | |
Current Deferred Revenue | 469M | 512M | 415M | 449M | 425M | 365.6M | |
Net Debt | (270M) | 7.9B | 7.2B | 5.9B | 4.7B | 4.4B | |
Cash | 952M | 3.1B | 3.0B | 3.5B | 10.0B | 10.5B | |
Non Current Assets Total | 16.4B | 16.6B | 14.8B | 16.2B | 14.0B | 12.5B | |
Non Currrent Assets Other | 746M | 833M | 285M | 245M | 362M | 428.7M | |
Cash And Short Term Investments | 952M | 3.1B | 3.0B | 3.5B | 10.0B | 10.5B | |
Good Will | 9.9B | 10.1B | 9.3B | 10.0B | 8.0B | 7.6B | |
Liabilities And Stockholders Equity | 22.4B | 25.1B | 26.2B | 26.1B | 32.8B | 28.3B | |
Non Current Liabilities Total | 3.5B | 13.4B | 12.5B | 12.0B | 16.9B | 11.2B | |
Capital Lease Obligations | 682M | 803M | 527M | 529M | 391M | 537.5M | |
Total Liab | 8.0B | 18.5B | 19.1B | 18.0B | 23.8B | 17.4B | |
Net Invested Capital | 14.1B | 16.5B | 16.5B | 16.6B | 23.0B | 18.4B | |
Long Term Investments | 1.7B | 1.5B | 1.6B | 1.1B | 1.1B | 1.2B | |
Property Plant And Equipment Gross | 2.5B | 2.6B | 2.5B | 2.9B | 5.0B | 3.1B | |
Accumulated Other Comprehensive Income | (1.3B) | (745M) | (989M) | (1.7B) | (1.5B) | (1.6B) | |
Non Current Liabilities Other | 988M | 2.9B | 1.7B | 349M | 1.6B | 1.1B | |
Net Working Capital | 1.5B | 3.4B | 4.8B | 3.8B | 11.9B | 12.5B | |
Short Term Debt | 397M | 352M | 183M | 140M | 51M | 48.5M | |
Intangible Assets | 1.1B | 1.0B | 509M | 1.3B | 1.0B | 828.4M |
Carrier GlobalCorp Investors Sentiment
The influence of Carrier GlobalCorp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Carrier. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Carrier GlobalCorp's public news can be used to forecast risks associated with an investment in Carrier. The trend in average sentiment can be used to explain how an investor holding Carrier can time the market purely based on public headlines and social activities around Carrier GlobalCorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Carrier GlobalCorp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Carrier GlobalCorp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Carrier GlobalCorp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Carrier GlobalCorp.
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 Carrier GlobalCorp 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, Carrier GlobalCorp's short interest history, or implied volatility extrapolated from Carrier GlobalCorp options trading.
Pair Trading with Carrier GlobalCorp
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 Carrier GlobalCorp 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 Carrier GlobalCorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Carrier Stock
0.68 | OC | Owens Corning | PairCorr |
0.84 | TT | Trane Technologies plc | PairCorr |
Moving against Carrier Stock
0.66 | JBI | Janus International | PairCorr |
The ability to find closely correlated positions to Carrier GlobalCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrier GlobalCorp 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 Carrier GlobalCorp - 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 Carrier GlobalCorp to buy it.
The correlation of Carrier GlobalCorp 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 Carrier GlobalCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carrier GlobalCorp 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 Carrier GlobalCorp 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 Carrier GlobalCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Carrier Stock, please use our How to Invest in Carrier GlobalCorp guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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Is Carrier GlobalCorp'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 Carrier GlobalCorp. If investors know Carrier 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 Carrier GlobalCorp 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 (0.34) | Dividend Share 0.75 | Earnings Share 1.43 | Revenue Per Share 26.961 | Quarterly Revenue Growth 0.172 |
The market value of Carrier GlobalCorp is measured differently than its book value, which is the value of Carrier that is recorded on the company's balance sheet. Investors also form their own opinion of Carrier GlobalCorp's value that differs from its market value or its book value, called intrinsic value, which is Carrier GlobalCorp'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 Carrier GlobalCorp's market value can be influenced by many factors that don't directly affect Carrier GlobalCorp'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 Carrier GlobalCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carrier GlobalCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carrier GlobalCorp'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.