Cars Other Current Assets vs Accumulated Depreciation Analysis
CARS Stock | USD 17.02 0.13 0.77% |
Cars financial indicator trend analysis is way more than just evaluating Cars Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cars Inc is a good investment. Please check the relationship between Cars Other Current Assets and its Accumulated Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cars Inc. 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.
Other Current Assets vs Accumulated Depreciation
Other Current Assets vs Accumulated Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cars Inc Other Current Assets account and Accumulated Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Cars' Other Current Assets and Accumulated Depreciation is -0.49. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Accumulated Depreciation in the same time period over historical financial statements of Cars Inc, assuming nothing else is changed. The correlation between historical values of Cars' Other Current Assets and Accumulated Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Cars Inc are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Other Current Assets i.e., Cars' Other Current Assets and Accumulated Depreciation go up and down completely randomly.
Correlation Coefficient | -0.49 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for Cars Inc fixed asset that has been charged to Cars expense since that asset was acquired and made available for Cars use. The accumulated depreciation account is Cars Inc asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Cars Inc.Most indicators from Cars' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cars Inc 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 Cars Inc. 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. At this time, Cars' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 16.61 in 2024, despite the fact that Tax Provision is likely to grow to (95.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 509.5M | 538.9M | 567.0M | 537.4M | Total Revenue | 623.7M | 653.9M | 689.2M | 655.3M |
Cars fundamental ratios Correlations
Click cells to compare fundamentals
Cars Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cars fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 67.0M | 67.2M | 71.3M | 69.6M | 68.2M | 56.2M | |
Total Assets | 2.0B | 1.1B | 1.0B | 1.0B | 1.2B | 1.5B | |
Other Current Liab | 55.0M | 66.1M | 69.9M | 73.6M | 100.4M | 56.3M | |
Total Current Liabilities | 98.8M | 90.4M | 94.3M | 106.0M | 145.7M | 111.8M | |
Total Stockholder Equity | 1.1B | 340.2M | 366.9M | 384.4M | 492.1M | 467.5M | |
Other Liab | 137.2M | 34.6M | 88.6M | 49.6M | 44.7M | 84.7M | |
Net Tangible Assets | (694.3M) | (495.0M) | (428.7M) | (425.5M) | (383.0M) | (402.1M) | |
Property Plant And Equipment Net | 43.7M | 41.3M | 43.0M | 45.2M | 43.9M | 39.2M | |
Net Debt | 629.1M | 516.2M | 427.3M | 440.7M | 444.1M | 404.0M | |
Accounts Payable | 12.4M | 16.5M | 15.4M | 18.2M | 22.3M | 14.4M | |
Cash | 13.5M | 67.7M | 39.1M | 31.7M | 39.2M | 27.1M | |
Non Current Assets Total | 1.9B | 897.6M | 859.8M | 876.2M | 994.0M | 1.4B | |
Other Assets | 171K | 68K | 6.5M | 7.4M | 8.5M | 8.9M | |
Cash And Short Term Investments | 13.5M | 67.7M | 39.1M | 31.7M | 39.2M | 27.1M | |
Net Receivables | 101.8M | 93.6M | 98.9M | 107.9M | 125.4M | 114.0M | |
Good Will | 505.9M | 0.0 | 26.2M | 102.9M | 147.1M | 139.7M | |
Liabilities And Stockholders Equity | 2.0B | 1.1B | 1.0B | 1.0B | 1.2B | 1.5B | |
Non Current Liabilities Total | 788.1M | 645.2M | 546.0M | 534.4M | 534.6M | 540.5M | |
Other Current Assets | 603K | 10.2M | 1.7M | 605K | 1.3M | 1.2M | |
Other Stockholder Equity | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | 1.4B | |
Total Liab | 886.9M | 735.5M | 640.3M | 640.4M | 680.3M | 652.3M | |
Long Term Investments | 26.5M | 21.1M | 21.1M | 21.1M | 24.2M | 17.5M | |
Property Plant And Equipment Gross | 43.7M | 41.3M | 100.4M | 115.0M | 131.6M | 138.2M | |
Total Current Assets | 122.4M | 178.1M | 147.4M | 148.6M | 178.4M | 156.1M | |
Accumulated Other Comprehensive Income | (7.6M) | (6.8M) | (2.0M) | 951K | 1.1M | 1.1M | |
Short Term Debt | 31.4M | 7.8M | 8.9M | 14.1M | 23.1M | 22.1M | |
Intangible Assets | 1.3B | 835.2M | 769.4M | 707.1M | 669.2M | 985.4M | |
Common Stock | 668K | 674K | 692K | 662K | 659K | 626.1K | |
Property Plant Equipment | 60.6M | 41.3M | 43.0M | 45.2M | 52.0M | 40.2M | |
Non Currrent Assets Other | (26.9M) | (68K) | (60K) | (48K) | 21.0M | 19.9M | |
Non Current Liabilities Other | 43.8M | 38.2M | 57.5M | 76.2M | 65.7M | 44.0M | |
Short Long Term Debt Total | 642.7M | 583.9M | 466.3M | 472.4M | 483.2M | 447.9M | |
Retained Earnings | (367.1M) | (1.2B) | (1.2B) | (1.1B) | (1.0B) | (1.1B) | |
Long Term Debt | 611.3M | 576.1M | 457.4M | 458.2M | 460.1M | 432.6M | |
Common Stock Total Equity | 668K | 674K | 692K | 662K | 595.8K | 546K | |
Retained Earnings Total Equity | (367.1M) | (1.2B) | (1.2B) | (1.1B) | (1.0B) | (964.6M) | |
Long Term Debt Total | 611.3M | 576.1M | 457.4M | 458.2M | 412.4M | 443.4M | |
Capital Surpluse | 1.5B | 1.5B | 1.5B | 1.5B | 1.7B | 1.7B | |
Inventory | 6.5M | 6.5M | 7.8M | 8.4M | 12.6M | 9.8M |
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 Cars 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, Cars' short interest history, or implied volatility extrapolated from Cars options trading.
Pair Trading with Cars
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 Cars 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 Cars will appreciate offsetting losses from the drop in the long position's value.Moving together with Cars Stock
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Moving against Cars Stock
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The ability to find closely correlated positions to Cars could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cars 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 Cars - 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 Cars Inc to buy it.
The correlation of Cars 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 Cars moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cars Inc 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 Cars 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 Cars Inc. 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. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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When running Cars' price analysis, check to measure Cars' 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 Cars is operating at the current time. Most of Cars' value examination focuses on studying past and present price action to predict the probability of Cars' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cars' price. Additionally, you may evaluate how the addition of Cars to your portfolios can decrease your overall portfolio volatility.
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Is Cars' 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 Cars. If investors know Cars 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 Cars 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 (0.17) | Earnings Share 1.74 | Revenue Per Share 10.326 | Quarterly Revenue Growth 0.068 | Return On Assets 0.0316 |
The market value of Cars Inc is measured differently than its book value, which is the value of Cars that is recorded on the company's balance sheet. Investors also form their own opinion of Cars' value that differs from its market value or its book value, called intrinsic value, which is Cars' 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 Cars' market value can be influenced by many factors that don't directly affect Cars' 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 Cars' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cars is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cars' 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.