Globalstar Inventory vs Other Stockholder Equity Analysis
GSAT Stock | USD 1.20 0.03 2.44% |
Globalstar financial indicator trend analysis is much more than just examining Globalstar latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globalstar is a good investment. Please check the relationship between Globalstar Inventory and its Other Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globalstar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Globalstar Stock please use our How to Invest in Globalstar guide.
Inventory vs Other Stockholder Equity
Inventory vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globalstar Inventory account and Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Globalstar's Inventory and Other Stockholder Equity is -0.06. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Globalstar, assuming nothing else is changed. The correlation between historical values of Globalstar's Inventory 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 Inventory of Globalstar 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 Inventory i.e., Globalstar's Inventory and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Inventory
Other Stockholder Equity
Most indicators from Globalstar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globalstar 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 Globalstar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Globalstar Stock please use our How to Invest in Globalstar guide.At this time, Globalstar's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.46 in 2024, whereas Selling General Administrative is likely to drop slightly above 46.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 72.3M | 83.5M | 66.8M | 51.6M | Total Revenue | 124.3M | 148.5M | 223.8M | 235.0M |
Globalstar fundamental ratios Correlations
Click cells to compare fundamentals
Globalstar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Globalstar fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 965.6M | 888.1M | 814.1M | 833.4M | 924.3M | 942.2M | |
Total Stockholder Equity | 407.3M | 423.1M | 365.4M | 314.8M | 379.0M | 397.9M | |
Other Assets | 59.2M | 65.5M | 8.9M | 129.4M | 116.4M | 76.1M | |
Common Stock Shares Outstanding | 1.7B | 1.6B | 1.8B | 1.8B | 1.8B | 1.9B | |
Liabilities And Stockholders Equity | 965.6M | 888.1M | 814.1M | 833.4M | 924.3M | 942.2M | |
Other Stockholder Equity | 2.0B | 2.1B | 2.1B | 2.3B | 2.4B | 2.6B | |
Total Liab | 558.2M | 465.0M | 448.7M | 518.6M | 545.3M | 792.8M | |
Short Long Term Debt Total | 480.6M | 400.5M | 269.7M | 162.5M | 392.5M | 545.7M | |
Net Debt | 473.0M | 387.1M | 255.4M | 130.4M | 335.8M | 527.2M | |
Cash | 7.6M | 13.3M | 14.3M | 32.1M | 56.7M | 59.6M | |
Cash And Short Term Investments | 7.6M | 13.3M | 14.3M | 32.1M | 56.7M | 59.6M | |
Non Current Liabilities Total | 495.2M | 350.8M | 387.1M | 321.5M | 369.4M | 600.0M | |
Total Current Assets | 63.3M | 68.5M | 68.9M | 81.2M | 142.7M | 94.1M | |
Other Current Liab | 23.5M | 25.2M | 26.9M | 115.8M | 82.6M | 45.3M | |
Total Current Liabilities | 63.1M | 114.2M | 61.6M | 197.1M | 175.9M | 153.0M | |
Other Liab | 16.2M | 10.5M | 119.9M | 161.7M | 186.0M | 148.6M | |
Property Plant And Equipment Net | 815.8M | 730.3M | 704.2M | 591.2M | 658.2M | 846.8M | |
Current Deferred Revenue | 29.9M | 26.0M | 25.9M | 74.6M | 53.7M | 29.0M | |
Accounts Payable | 8.0M | 2.9M | 6.2M | 3.8M | 2.0M | 1.9M | |
Non Current Assets Total | 902.3M | 819.6M | 745.2M | 752.2M | 781.7M | 938.0M | |
Non Currrent Assets Other | 79.6M | 61.8M | 10.1M | 130.5M | 53.7M | 71.6M | |
Long Term Debt | 464.2M | 326.6M | 237.9M | 132.1M | 325.7M | 382.1M | |
Net Receivables | 21.8M | 22.1M | 21.2M | 26.3M | 48.7M | 51.2M | |
Inventory | 16.3M | 13.7M | 13.8M | 9.3M | 14.6M | 21.1M | |
Other Current Assets | 17.6M | 19.3M | 19.6M | 13.6M | 22.6M | 24.8M | |
Property Plant And Equipment Gross | 815.8M | 730.3M | 1.6B | 1.5B | 1.7B | 1.0B | |
Accumulated Other Comprehensive Income | (3.4M) | (2.9M) | 1.9M | 9.2M | 5.1M | 5.3M | |
Short Term Debt | 1.6M | 60.2M | 2.5M | 2.7M | 37.6M | 47.0M | |
Property Plant Equipment | 799.9M | 715.9M | 672.2M | 560.4M | 644.4M | 848.4M | |
Retained Earnings | (1.6B) | (1.7B) | (1.8B) | (2.0B) | (2.1B) | (2.0B) | |
Common Stock Total Equity | 146K | 167K | 180K | 181K | 208.2K | 218.6K | |
Common Stock | 146K | 167K | 180K | 181K | 188K | 104.1K | |
Intangible Assets | 6.9M | 27.5M | 31.0M | 30.5M | 60.7M | 63.7M | |
Net Tangible Assets | 371.7M | 384.8M | 324.4M | 276.3M | 248.7M | 233.8M | |
Retained Earnings Total Equity | (1.6B) | (1.7B) | (1.8B) | (2.0B) | (1.8B) | (1.9B) | |
Long Term Debt Total | 464.2M | 326.6M | 237.9M | 132.1M | 118.9M | 113.0M | |
Capital Surpluse | 2.0B | 2.1B | 2.1B | 2.3B | 2.7B | 1.8B | |
Deferred Long Term Liab | 3.8M | 123K | 1.7M | 1.8M | 1.6M | 1.5M |
Pair Trading with Globalstar
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 Globalstar 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 Globalstar will appreciate offsetting losses from the drop in the long position's value.Moving against Globalstar Stock
0.72 | IQ | iQIYI Inc Financial Report 21st of May 2024 | PairCorr |
0.64 | CURIW | CuriosityStream | PairCorr |
0.51 | DOYU | DouYu International | PairCorr |
The ability to find closely correlated positions to Globalstar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globalstar 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 Globalstar - 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 Globalstar to buy it.
The correlation of Globalstar 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 Globalstar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globalstar 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 Globalstar 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globalstar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Globalstar Stock please use our How to Invest in Globalstar guide.Note that the Globalstar information on this page should be used as a complementary analysis to other Globalstar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Globalstar Stock analysis
When running Globalstar's price analysis, check to measure Globalstar'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 Globalstar is operating at the current time. Most of Globalstar's value examination focuses on studying past and present price action to predict the probability of Globalstar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globalstar's price. Additionally, you may evaluate how the addition of Globalstar to your portfolios can decrease your overall portfolio volatility.
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk |
Is Globalstar'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 Globalstar. If investors know Globalstar 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 Globalstar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.03) | Revenue Per Share 0.12 | Quarterly Revenue Growth (0.04) | Return On Assets (0.01) | Return On Equity (0.10) |
The market value of Globalstar is measured differently than its book value, which is the value of Globalstar that is recorded on the company's balance sheet. Investors also form their own opinion of Globalstar's value that differs from its market value or its book value, called intrinsic value, which is Globalstar'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 Globalstar's market value can be influenced by many factors that don't directly affect Globalstar'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 Globalstar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globalstar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globalstar'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.