Drone Non Currrent Assets Other vs Short Long Term Debt Analysis
FLT Stock | CAD 0.27 0.02 8.00% |
Drone Delivery financial indicator trend analysis is much more than just examining Drone Delivery Canada latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Drone Delivery Canada is a good investment. Please check the relationship between Drone Delivery Non Currrent Assets Other and its Short Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drone Delivery Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Non Currrent Assets Other vs Short Long Term Debt
Non Currrent Assets Other vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Drone Delivery Canada Non Currrent Assets Other account and Short Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Drone Delivery's Non Currrent Assets Other and Short Long Term Debt is -0.54. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Drone Delivery Canada, assuming nothing else is changed. The correlation between historical values of Drone Delivery's Non Currrent Assets Other and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Drone Delivery Canada are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Non Currrent Assets Other i.e., Drone Delivery's Non Currrent Assets Other and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.54 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Most indicators from Drone Delivery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Drone Delivery Canada 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drone Delivery Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Drone Delivery's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 56.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 6.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 61.8K | 297.3K | 405.0K | 240.7K | Cost Of Revenue | 347.2K | 225.1K | 674.5K | 394.4K |
Drone Delivery fundamental ratios Correlations
Click cells to compare fundamentals
Drone Delivery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Drone Delivery fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 17.7M | 29.4M | 33.0M | 19.7M | 10.3M | 13.4M | |
Other Current Liab | 1.5M | 167.9K | 396.7K | 103.2K | 118.7K | 112.8K | |
Total Current Liabilities | 1.7M | 2.0M | 2.0M | 1.2M | 891.1K | 1.0M | |
Total Stockholder Equity | 15.5M | 27.1M | 30.8M | 18.5M | 9.1M | 12.3M | |
Net Debt | (9.2M) | (23.0M) | (27.3M) | (15.1M) | (13.6M) | (14.2M) | |
Retained Earnings | (47.2M) | (61.4M) | (76.1M) | (89.5M) | (99.4M) | (94.5M) | |
Cash | 9.8M | 23.5M | 27.7M | 15.3M | 7.4M | 10.2M | |
Non Current Assets Total | 4.6M | 4.5M | 4.4M | 3.5M | 2.3M | 2.2M | |
Cash And Short Term Investments | 9.8M | 23.5M | 27.7M | 15.3M | 17.6M | 10.6M | |
Net Receivables | 3.1M | 522.8K | 421.3K | 486.7K | 167.8K | 159.4K | |
Common Stock Shares Outstanding | 172.8M | 184.7M | 222.1M | 224.2M | 224.2M | 123.8M | |
Liabilities And Stockholders Equity | 17.7M | 29.4M | 33.0M | 19.7M | 22.7M | 13.6M | |
Other Current Assets | 202.6K | 892.8K | 505.9K | 343.6K | 395.1K | 267.8K | |
Other Stockholder Equity | 13.6M | 18.9M | 10.5M | 11.7M | 13.4M | 7.1M | |
Total Liab | 2.2M | 2.3M | 2.2M | 1.2M | 1.2M | 1.1M | |
Total Current Assets | 13.1M | 24.9M | 28.6M | 16.2M | 8.0M | 11.4M | |
Common Stock | 49.2M | 69.5M | 96.3M | 96.3M | 110.8M | 116.3M | |
Property Plant And Equipment Net | 3.9M | 3.6M | 3.4M | 2.6M | 1.9M | 1.9M | |
Net Tangible Assets | 14.8M | 26.3M | 29.8M | 17.6M | 20.3M | 16.9M | |
Accounts Payable | 983.7K | 1.6M | 1.4M | 909.9K | 594.9K | 889.3K | |
Property Plant Equipment | 3.9M | 3.6M | 3.4M | 2.6M | 3.0M | 1.9M | |
Non Current Liabilities Total | 463.8K | 308.5K | 227.3K | 19.8K | 329.1K | 185.4K | |
Intangible Assets | 713.2K | 844.5K | 919.8K | 878.5K | 403.4K | 642.3K | |
Net Invested Capital | 15.5M | 27.1M | 30.8M | 18.5M | 9.1M | 15.4M | |
Net Working Capital | 11.4M | 22.9M | 26.6M | 15.0M | 7.1M | 13.3M | |
Capital Stock | 49.2M | 69.5M | 96.3M | 96.3M | 110.8M | 81.2M |
Pair Trading with Drone Delivery
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 Drone Delivery 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 Drone Delivery will appreciate offsetting losses from the drop in the long position's value.Moving against Drone Stock
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The ability to find closely correlated positions to Drone Delivery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Drone Delivery 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 Drone Delivery - 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 Drone Delivery Canada to buy it.
The correlation of Drone Delivery 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 Drone Delivery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Drone Delivery Canada 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 Drone Delivery 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drone Delivery Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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When running Drone Delivery's price analysis, check to measure Drone Delivery'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 Drone Delivery is operating at the current time. Most of Drone Delivery's value examination focuses on studying past and present price action to predict the probability of Drone Delivery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drone Delivery's price. Additionally, you may evaluate how the addition of Drone Delivery to your portfolios can decrease your overall portfolio volatility.
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