GHRS Capital Stock vs Inventory Analysis

GHRS Stock

USD 12.59 0.34 2.78%

GH Research financial indicator trend analysis is much more than just examining GH Research PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GH Research PLC is a good investment. Please check the relationship between GH Research Capital Stock and its Inventory accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GH Research PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Capital Stock vs Inventory

Capital Stock vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GH Research PLC Capital Stock account and Inventory. At this time, the significance of the direction appears to have weak relationship.

The correlation between GH Research's Capital Stock and Inventory is 0.33. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Inventory in the same time period over historical financial statements of GH Research PLC, assuming nothing else is changed. The correlation between historical values of GH Research's Capital Stock and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of GH Research PLC are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Capital Stock i.e., GH Research's Capital Stock and Inventory go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Inventory

Most indicators from GH Research's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GH Research PLC 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GH Research PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Selling General Administrative is likely to drop to about 6.2 M in 2024. Issuance Of Capital Stock is likely to drop to about 14.2 K in 2024

GH Research fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Net Receivables	Inventory	Property Plant And Equipment Gross	Property Plant Equipment	Short Long Term Debt Total	Current Deferred Revenue
Total Assets		0.76	0.84	1.0	0.99	-0.92	-0.73	0.76	0.93	0.98	-0.95	0.88	0.73	1.0	0.84	1.0	0.98	0.96	0.98	0.96	0.76	0.5	0.52	0.7	-0.44	0.51
Other Current Liab	0.76		0.98	0.75	0.77	-0.49	-0.99	1.0	0.55	0.69	-0.9	0.59	0.91	0.8	0.98	0.75	0.69	0.87	0.69	0.87	1.0	0.0	0.94	0.92	-0.89	0.89
Total Current Liabilities	0.84	0.98		0.84	0.85	-0.59	-0.98	0.99	0.65	0.77	-0.95	0.73	0.94	0.88	1.0	0.84	0.77	0.92	0.77	0.92	0.99	0.06	0.87	0.92	-0.82	0.82
Total Stockholder Equity	1.0	0.75	0.84		0.99	-0.92	-0.72	0.76	0.93	0.98	-0.95	0.88	0.73	0.99	0.84	1.0	0.98	0.96	0.98	0.96	0.75	0.5	0.51	0.69	-0.44	0.51
Net Tangible Assets	0.99	0.77	0.85	0.99		-0.88	-0.75	0.78	0.88	0.96	-0.93	0.84	0.74	1.0	0.85	0.99	0.96	0.98	0.96	0.98	0.77	0.46	0.55	0.75	-0.43	0.59
Net Debt	-0.92	-0.49	-0.59	-0.92	-0.88		0.43	-0.48	-0.99	-0.96	0.81	-0.8	-0.43	-0.88	-0.59	-0.92	-0.96	-0.79	-0.96	-0.79	-0.48	-0.77	-0.21	-0.36	0.19	-0.18
Retained Earnings	-0.73	-0.99	-0.98	-0.72	-0.75	0.43		-1.0	-0.48	-0.64	0.87	-0.6	-0.94	-0.78	-0.98	-0.72	-0.64	-0.86	-0.63	-0.86	-1.0	0.1	-0.94	-0.96	0.87	-0.9
Accounts Payable	0.76	1.0	0.99	0.76	0.78	-0.48	-1.0		0.54	0.68	-0.9	0.64	0.94	0.8	0.99	0.76	0.68	0.87	0.68	0.87	1.0	-0.04	0.93	0.94	-0.88	0.87
Cash	0.93	0.55	0.65	0.93	0.88	-0.99	-0.48	0.54		0.97	-0.85	0.8	0.48	0.89	0.65	0.93	0.97	0.81	0.97	0.81	0.54	0.74	0.28	0.39	-0.28	0.23
Cash And Short Term Investments	0.98	0.69	0.77	0.98	0.96	-0.96	-0.64	0.68	0.97		-0.92	0.8	0.6	0.96	0.77	0.98	1.0	0.92	1.0	0.92	0.68	0.65	0.45	0.58	-0.4	0.44
Common Stock Shares Outstanding	-0.95	-0.9	-0.95	-0.95	-0.93	0.81	0.87	-0.9	-0.85	-0.92		-0.83	-0.85	-0.95	-0.95	-0.95	-0.92	-0.95	-0.91	-0.95	-0.9	-0.34	-0.71	-0.78	0.69	-0.64
Non Current Liabilities Total	0.88	0.59	0.73	0.88	0.84	-0.8	-0.6	0.64	0.8	0.8	-0.83		0.76	0.87	0.73	0.88	0.8	0.8	0.8	0.8	0.62	0.25	0.31	0.61	-0.29	0.26
Other Current Assets	0.73	0.91	0.94	0.73	0.74	-0.43	-0.94	0.94	0.48	0.6	-0.85	0.76		0.78	0.94	0.73	0.61	0.82	0.6	0.82	0.93	-0.2	0.8	0.93	-0.75	0.74
Other Stockholder Equity	1.0	0.8	0.88	0.99	1.0	-0.88	-0.78	0.8	0.89	0.96	-0.95	0.87	0.78		0.88	0.99	0.96	0.98	0.96	0.98	0.8	0.43	0.57	0.76	-0.48	0.58
Total Liab	0.84	0.98	1.0	0.84	0.85	-0.59	-0.98	0.99	0.65	0.77	-0.95	0.73	0.94	0.88		0.84	0.77	0.92	0.77	0.92	0.99	0.06	0.87	0.92	-0.82	0.82
Net Invested Capital	1.0	0.75	0.84	1.0	0.99	-0.92	-0.72	0.76	0.93	0.98	-0.95	0.88	0.73	0.99	0.84		0.98	0.96	0.98	0.96	0.75	0.5	0.51	0.69	-0.44	0.51
Total Current Assets	0.98	0.69	0.77	0.98	0.96	-0.96	-0.64	0.68	0.97	1.0	-0.92	0.8	0.61	0.96	0.77	0.98		0.92	1.0	0.92	0.68	0.65	0.46	0.58	-0.4	0.45
Capital Stock	0.96	0.87	0.92	0.96	0.98	-0.79	-0.86	0.87	0.81	0.92	-0.95	0.8	0.82	0.98	0.92	0.96	0.92		0.91	1.0	0.87	0.33	0.69	0.85	-0.57	0.71
Net Working Capital	0.98	0.69	0.77	0.98	0.96	-0.96	-0.63	0.68	0.97	1.0	-0.91	0.8	0.6	0.96	0.77	0.98	1.0	0.91		0.91	0.68	0.66	0.45	0.57	-0.4	0.44
Common Stock	0.96	0.87	0.92	0.96	0.98	-0.79	-0.86	0.87	0.81	0.92	-0.95	0.8	0.82	0.98	0.92	0.96	0.92	1.0	0.91		0.87	0.33	0.69	0.85	-0.57	0.71
Net Receivables	0.76	1.0	0.99	0.75	0.77	-0.48	-1.0	1.0	0.54	0.68	-0.9	0.62	0.93	0.8	0.99	0.75	0.68	0.87	0.68	0.87		-0.03	0.94	0.93	-0.88	0.88
Inventory	0.5	0.0	0.06	0.5	0.46	-0.77	0.1	-0.04	0.74	0.65	-0.34	0.25	-0.2	0.43	0.06	0.5	0.65	0.33	0.66	0.33	-0.03		-0.18	-0.2	0.16	-0.17
Property Plant And Equipment Gross	0.52	0.94	0.87	0.51	0.55	-0.21	-0.94	0.93	0.28	0.45	-0.71	0.31	0.8	0.57	0.87	0.51	0.46	0.69	0.45	0.69	0.94	-0.18		0.86	-0.95	0.95
Property Plant Equipment	0.7	0.92	0.92	0.69	0.75	-0.36	-0.96	0.94	0.39	0.58	-0.78	0.61	0.93	0.76	0.92	0.69	0.58	0.85	0.57	0.85	0.93	-0.2	0.86		-0.72	0.9
Short Long Term Debt Total	-0.44	-0.89	-0.82	-0.44	-0.43	0.19	0.87	-0.88	-0.28	-0.4	0.69	-0.29	-0.75	-0.48	-0.82	-0.44	-0.4	-0.57	-0.4	-0.57	-0.88	0.16	-0.95	-0.72		-0.8
Current Deferred Revenue	0.51	0.89	0.82	0.51	0.59	-0.18	-0.9	0.87	0.23	0.44	-0.64	0.26	0.74	0.58	0.82	0.51	0.45	0.71	0.44	0.71	0.88	-0.17	0.95	0.9	-0.8

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GH Research Account Relationship Matchups

Pair Trading with GH Research

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 GH Research 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 GH Research will appreciate offsetting losses from the drop in the long position's value.

Moving together with GHRS Stock

0.83	VRCA	Verrica Pharmaceuticals	Pair Corr
0.75	ELDN	Eledon Pharmaceuticals	Pair Corr

Moving against GHRS Stock

0.86	ENVB	Enveric Biosciences	Pair Corr
0.85	VTRS	Viatris	Pair Corr
0.81	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.7	HEPA	Hepion Pharmaceuticals	Pair Corr
0.67	FENC	Fennec Pharmaceuticals	Pair Corr

The ability to find closely correlated positions to GH Research could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GH Research 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 GH Research - 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 GH Research PLC to buy it.

The correlation of GH Research 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 GH Research moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GH Research PLC 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 GH Research 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.

Pair Correlation Correlation Matching

Additional Tools for GHRS Stock Analysis

When running GH Research's price analysis, check to measure GH Research'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 GH Research is operating at the current time. Most of GH Research's value examination focuses on studying past and present price action to predict the probability of GH Research's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GH Research's price. Additionally, you may evaluate how the addition of GH Research to your portfolios can decrease your overall portfolio volatility.

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