Churchill Net Working Capital vs Total Current Assets Analysis
| CVII Stock | USD 10.72 0.01 0.09% |
Churchill Capital financial indicator trend analysis is way more than just evaluating Churchill Capital Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Churchill Capital Corp is a good investment. Please check the relationship between Churchill Capital Net Working Capital and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Capital Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Net Working Capital vs Total Current Assets
Net Working Capital vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Churchill Capital Corp Net Working Capital account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Churchill Capital's Net Working Capital and Total Current Assets is -0.47. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Churchill Capital Corp, assuming nothing else is changed. The correlation between historical values of Churchill Capital's Net Working Capital and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Churchill Capital Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Working Capital i.e., Churchill Capital's Net Working Capital and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.47 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Working Capital
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Churchill Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Churchill Capital Corp 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 Churchill Capital Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. The Churchill Capital's current Tax Provision is estimated to increase to about 13.1 M, while Issuance Of Capital Stock is projected to decrease to 0.00.
Churchill Capital fundamental ratios Correlations
Click cells to compare fundamentals
Churchill Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Churchill Capital
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 Churchill Capital 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 Churchill Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Churchill Stock
| 0.85 | HHGCU | HHG Capital Corp | PairCorr |
| 0.77 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
Moving against Churchill Stock
| 0.59 | AC | Associated Capital Normal Trading | PairCorr |
| 0.47 | V | Visa Class A Financial Report 23rd of July 2024 | PairCorr |
| 0.46 | BX | Blackstone Group Normal Trading | PairCorr |
The ability to find closely correlated positions to Churchill Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Capital 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 Churchill Capital - 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 Churchill Capital Corp to buy it.
The correlation of Churchill Capital 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 Churchill Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Capital Corp 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 Churchill Capital 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 Churchill Capital Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Churchill Stock analysis
When running Churchill Capital's price analysis, check to measure Churchill Capital'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 Churchill Capital is operating at the current time. Most of Churchill Capital's value examination focuses on studying past and present price action to predict the probability of Churchill Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Churchill Capital's price. Additionally, you may evaluate how the addition of Churchill Capital to your portfolios can decrease your overall portfolio volatility.
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Is Churchill Capital'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 Churchill Capital. If investors know Churchill 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 Churchill Capital 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 1.137 | Earnings Share 0.01 | Return On Assets (0) |
The market value of Churchill Capital Corp is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Capital's value that differs from its market value or its book value, called intrinsic value, which is Churchill Capital'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 Churchill Capital's market value can be influenced by many factors that don't directly affect Churchill Capital'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 Churchill Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Capital'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.