ChargePoint Free Cash Flow per Share vs Free Cash Flow Analysis
| CHPT Stock | USD 1.40 0.10 6.67% |
ChargePoint Holdings financial indicator trend analysis is way more than just evaluating ChargePoint Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ChargePoint Holdings is a good investment. Please check the relationship between ChargePoint Holdings Free Cash Flow Per Share and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChargePoint Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy ChargePoint Stock please use our How to Invest in ChargePoint Holdings guide.
Free Cash Flow Per Share vs Free Cash Flow
Free Cash Flow per Share vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChargePoint Holdings Free Cash Flow per Share account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ChargePoint Holdings' Free Cash Flow per Share and Free Cash Flow is -0.35. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of ChargePoint Holdings, assuming nothing else is changed. The correlation between historical values of ChargePoint Holdings' Free Cash Flow per Share and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow per Share of ChargePoint Holdings are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Free Cash Flow per Share i.e., ChargePoint Holdings' Free Cash Flow per Share and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.35 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Most indicators from ChargePoint Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ChargePoint Holdings 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 ChargePoint Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy ChargePoint Stock please use our How to Invest in ChargePoint Holdings guide.At this time, ChargePoint Holdings' Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 353.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 72.8 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 14.7M | 29.0M | 28.5M | 20.5M | Interest Income | 98K | 5.5M | 8.3M | 8.7M |
ChargePoint Holdings fundamental ratios Correlations
Click cells to compare fundamentals
ChargePoint Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ChargePoint Holdings fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 77.1M | 38.3M | 84.2M | 133.3M | 159.1M | 96.8M | |
| Total Current Liabilities | 96.7M | 118.1M | 189.0M | 284.2M | 330.2M | 197.8M | |
| Other Liab | 34.1M | 49.9M | 100.7M | 123.3M | 141.8M | 72.4M | |
| Net Tangible Assets | (463.2M) | (617.7M) | 215.0M | 49.3M | 56.6M | 59.5M | |
| Retained Earnings | (482.4M) | (679.4M) | (812.0M) | (1.2B) | (1.6B) | (1.5B) | |
| Accounts Payable | 19.6M | 19.8M | 27.7M | 62.1M | 71.1M | 37.2M | |
| Other Assets | 3.4M | 10.5M | 5.6M | 7.1M | 8.2M | 6.0M | |
| Net Receivables | 38.5M | 35.1M | 76.4M | 164.9M | 124.0M | 86.0M | |
| Inventory | 25.4M | 33.6M | 35.4M | 68.7M | 198.6M | 208.5M | |
| Other Current Assets | 7.6M | 8.1M | 19.7M | 71.0M | 62.2M | 65.4M | |
| Other Stockholder Equity | 20.4M | 62.7M | 511.0M | 1.5B | 2.0B | 2.1B | |
| Total Current Assets | 191.3M | 226.6M | 464.4M | 704.2M | 742.7M | 475.9M | |
| Property Plant Equipment | 38.2M | 51.8M | 60.1M | 62.3M | 71.6M | 50.9M |
Pair Trading with ChargePoint Holdings
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 ChargePoint Holdings 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 ChargePoint Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with ChargePoint Stock
| 0.63 | KSPN | Kaspien Holdings | PairCorr |
Moving against ChargePoint Stock
| 0.65 | ELMSQ | Electric Last Mile | PairCorr |
| 0.54 | SN | SharkNinja | PairCorr |
| 0.44 | DRVN | Driven Brands Holdings Financial Report 1st of May 2024 | PairCorr |
| 0.43 | H | Hyatt Hotels Earnings Call This Week | PairCorr |
| 0.42 | IP | International Paper Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to ChargePoint Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ChargePoint Holdings 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 ChargePoint Holdings - 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 ChargePoint Holdings to buy it.
The correlation of ChargePoint Holdings 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 ChargePoint Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChargePoint Holdings 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 ChargePoint Holdings 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 ChargePoint Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy ChargePoint Stock please use our How to Invest in ChargePoint Holdings guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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When running ChargePoint Holdings' price analysis, check to measure ChargePoint Holdings' 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 ChargePoint Holdings is operating at the current time. Most of ChargePoint Holdings' value examination focuses on studying past and present price action to predict the probability of ChargePoint Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChargePoint Holdings' price. Additionally, you may evaluate how the addition of ChargePoint Holdings to your portfolios can decrease your overall portfolio volatility.
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Is ChargePoint Holdings' 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 ChargePoint Holdings. If investors know ChargePoint 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 ChargePoint Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.22) | Revenue Per Share 1.349 | Quarterly Revenue Growth (0.24) | Return On Assets (0.26) | Return On Equity (1.34) |
The market value of ChargePoint Holdings is measured differently than its book value, which is the value of ChargePoint that is recorded on the company's balance sheet. Investors also form their own opinion of ChargePoint Holdings' value that differs from its market value or its book value, called intrinsic value, which is ChargePoint Holdings' 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 ChargePoint Holdings' market value can be influenced by many factors that don't directly affect ChargePoint Holdings' 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 ChargePoint Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if ChargePoint Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChargePoint Holdings' 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.