Columbia Short Term Investments vs Other Stockholder Equity Analysis
COLM Stock | USD 83.80 0.21 0.25% |
Columbia Sportswear financial indicator trend analysis is way more than just evaluating Columbia Sportswear prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Columbia Sportswear is a good investment. Please check the relationship between Columbia Sportswear Short Term Investments and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Sportswear. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Columbia Stock, please use our How to Invest in Columbia Sportswear guide.
Short Term Investments vs Other Stockholder Equity
Short Term Investments vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Columbia Sportswear Short Term Investments account and Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Columbia Sportswear's Short Term Investments and Other Stockholder Equity is 0.58. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Columbia Sportswear, assuming nothing else is changed. The correlation between historical values of Columbia Sportswear's Short Term Investments and Other 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 Short Term Investments of Columbia Sportswear are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Short Term Investments i.e., Columbia Sportswear's Short Term Investments and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Columbia Sportswear balance sheet. It contains any investments Columbia Sportswear undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Columbia Sportswear can easily liquidate in the marketplace.Other Stockholder Equity
Most indicators from Columbia Sportswear's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Columbia Sportswear 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 Columbia Sportswear. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Columbia Stock, please use our How to Invest in Columbia Sportswear guide.At this time, Columbia Sportswear's Selling General Administrative is very stable compared to the past year. As of the 16th of May 2024, Enterprise Value is likely to grow to about 5.7 B, while Tax Provision is likely to drop about 65.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.6B | 1.7B | 1.7B | 878.7M | Total Revenue | 3.1B | 3.5B | 3.5B | 1.9B |
Columbia Sportswear fundamental ratios Correlations
Click cells to compare fundamentals
Columbia Sportswear Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Columbia Sportswear fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.9B | 2.8B | 3.1B | 3.1B | 2.9B | 1.6B | |
Other Current Liab | 311.5M | 280.5M | 329.6M | 253.4M | 272.1M | 285.7M | |
Total Current Liabilities | 630.9M | 552.6M | 680.4M | 738.7M | 596.6M | 330.7M | |
Total Stockholder Equity | 1.8B | 1.8B | 2.0B | 1.9B | 1.9B | 1.2B | |
Property Plant And Equipment Net | 741.2M | 649.0M | 622.0M | 615.6M | 644.6M | 676.8M | |
Net Debt | (250.5M) | (372.1M) | (378.3M) | (50.9M) | 57.5M | 60.4M | |
Retained Earnings | 1.8B | 1.8B | 2.0B | 2.0B | 2.0B | 1.1B | |
Accounts Payable | 255.4M | 206.7M | 283.3M | 322.5M | 235.9M | 159.6M | |
Cash | 686.0M | 790.7M | 763.4M | 430.2M | 350.3M | 341.2M | |
Non Current Assets Total | 1.1B | 981.0M | 953.1M | 914.6M | 924.3M | 970.5M | |
Non Currrent Assets Other | 39.5M | 62.5M | 58.3M | 64.4M | 66.6M | 69.9M | |
Cash And Short Term Investments | 687.7M | 791.9M | 894.5M | 431.0M | 764.5M | 412.2M | |
Net Receivables | 488.2M | 452.9M | 487.8M | 547.6M | 423.1M | 332.9M | |
Common Stock Shares Outstanding | 68.5M | 66.8M | 66.4M | 63.0M | 61.4M | 57.0M | |
Liabilities And Stockholders Equity | 2.9B | 2.8B | 3.1B | 3.1B | 2.9B | 1.6B | |
Non Current Liabilities Total | 451.2M | 451.2M | 397.5M | 377.0M | 403.8M | 424.0M | |
Inventory | 606.0M | 556.5M | 645.4M | 1.0B | 746.3M | 376.4M | |
Other Current Assets | 93.9M | 54.2M | 86.3M | 129.9M | 80.8M | 59.2M | |
Other Stockholder Equity | (4.4M) | 806K | (240.9M) | (30.6M) | 176.7M | 185.5M | |
Total Liab | 1.1B | 1.0B | 1.1B | 1.1B | 1.0B | 1.1B | |
Property Plant And Equipment Gross | 741.2M | 649.0M | 291.1M | 291.2M | 1.3B | 1.4B | |
Total Current Assets | 1.9B | 1.9B | 2.1B | 2.1B | 2.0B | 1.2B | |
Accumulated Other Comprehensive Income | (4.4M) | 806K | (4.4M) | (30.6M) | (45.8M) | (43.5M) | |
Intangible Assets | 123.6M | 103.6M | 101.9M | 81.6M | 79.9M | 74.0M | |
Common Stock | 4.9M | 20.2M | 2.0B | 12.7M | 14.6M | 13.9M | |
Other Assets | 122.5M | 499.0M | 160.6M | 145.2M | 167.0M | 175.4M | |
Property Plant Equipment | 346.7M | 309.8M | 622.0M | 291.2M | 334.9M | 269.8M | |
Short Term Investments | 1.7M | 1.2M | 131.1M | 722K | 414.2M | 434.9M | |
Other Liab | 79.7M | 98.0M | 79.8M | 66.4M | 76.4M | 64.3M | |
Net Tangible Assets | 1.7B | 1.7B | 1.8B | 1.9B | 2.2B | 1.6B | |
Retained Earnings Total Equity | 1.8B | 1.8B | 2.0B | 2.0B | 2.2B | 1.6B | |
Deferred Long Term Liab | 168K | 9.5M | 5.2M | 143K | 164.5K | 156.2K |
Pair Trading with Columbia Sportswear
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 Columbia Sportswear 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 Columbia Sportswear will appreciate offsetting losses from the drop in the long position's value.Moving against Columbia Stock
0.54 | GIL | Gildan Activewear | PairCorr |
0.41 | HEAR | Turtle Beach Corp | PairCorr |
The ability to find closely correlated positions to Columbia Sportswear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Columbia Sportswear 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 Columbia Sportswear - 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 Columbia Sportswear to buy it.
The correlation of Columbia Sportswear 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 Columbia Sportswear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Sportswear 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 Columbia Sportswear 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 Columbia Sportswear. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Columbia Stock, please use our How to Invest in Columbia Sportswear guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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When running Columbia Sportswear's price analysis, check to measure Columbia Sportswear'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 Columbia Sportswear is operating at the current time. Most of Columbia Sportswear's value examination focuses on studying past and present price action to predict the probability of Columbia Sportswear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Columbia Sportswear's price. Additionally, you may evaluate how the addition of Columbia Sportswear to your portfolios can decrease your overall portfolio volatility.
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Is Columbia Sportswear'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 Columbia Sportswear. If investors know Columbia 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 Columbia Sportswear 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 (0.04) | Dividend Share 1.2 | Earnings Share 4.06 | Revenue Per Share 56.658 | Quarterly Revenue Growth (0.06) |
The market value of Columbia Sportswear is measured differently than its book value, which is the value of Columbia that is recorded on the company's balance sheet. Investors also form their own opinion of Columbia Sportswear's value that differs from its market value or its book value, called intrinsic value, which is Columbia Sportswear'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 Columbia Sportswear's market value can be influenced by many factors that don't directly affect Columbia Sportswear'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 Columbia Sportswear's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia Sportswear is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia Sportswear'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.