Innovative Investments vs Change In Cash Analysis
IIPR Stock | USD 108.69 0.21 0.19% |
Innovative Industrial financial indicator trend analysis is infinitely more than just investigating Innovative Industrial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innovative Industrial is a good investment. Please check the relationship between Innovative Industrial Investments and its Change In Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovative Industrial Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Investments vs Change In Cash
Investments vs Change In Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovative Industrial Investments account and Change In Cash. At this time, the significance of the direction appears to have very week relationship.
The correlation between Innovative Industrial's Investments and Change In Cash is 0.29. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Innovative Industrial Properties, assuming nothing else is changed. The correlation between historical values of Innovative Industrial's Investments and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Innovative Industrial Properties are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Investments i.e., Innovative Industrial's Investments and Change In Cash go up and down completely randomly.
Correlation Coefficient | 0.29 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Change In Cash
Most indicators from Innovative Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovative Industrial 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 Innovative Industrial Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. As of 06/20/2024, Selling General Administrative is likely to grow to about 45 M, while Issuance Of Capital Stock is likely to drop slightly above 9.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 200.1M | 265.8M | 217.4M | 228.3M | Total Revenue | 204.6M | 276.4M | 309.5M | 325.0M |
Innovative Industrial fundamental ratios Correlations
Click cells to compare fundamentals
Innovative Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Innovative Industrial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 10.7M | 19.6M | 26.3M | 27.7M | 28.3M | 15.4M | |
Total Assets | 745.9M | 1.8B | 2.1B | 2.4B | 2.4B | 1.4B | |
Other Current Liab | 13.0M | 30.1M | 38.8M | 50.8M | 47.4M | 49.8M | |
Total Current Liabilities | 62.0M | 105.4M | 145.6M | 149.5M | 132.2M | 85.4M | |
Total Stockholder Equity | 548.0M | 1.5B | 1.6B | 2.0B | 2.0B | 1.1B | |
Other Liab | 45.6M | 70.7M | 100.2M | 88.1M | 101.3M | 50.8M | |
Net Tangible Assets | 534.0M | 1.5B | 1.6B | 1.9B | 2.2B | 2.3B | |
Property Plant And Equipment Net | 1.2M | 980K | 1.1M | 1.7M | 1.4M | 1.3M | |
Current Deferred Revenue | 20.6M | 34.2M | 52.8M | 58.7M | 59.4M | 33.2M | |
Net Debt | 53.6M | 11.7M | 245.0M | 214.4M | 160.7M | 152.6M | |
Retained Earnings | (19.9M) | (48.1M) | (75.2M) | (117.4M) | (156.9M) | (149.0M) | |
Accounts Payable | 28.4M | 41.1M | 54.0M | 40.0M | 21.0M | 26.1M | |
Cash | 82.2M | 126.0M | 81.1M | 87.1M | 141.7M | 79.2M | |
Non Current Assets Total | 628.5M | 1.6B | 2.0B | 2.3B | 2.2B | 1.2B | |
Non Currrent Assets Other | 507.7M | 1.0B | 10.0M | 2.1B | 14.1M | 13.4M | |
Other Assets | 1.9M | 1.6B | 2.1B | 2.1B | 2.2B | 2.4B | |
Cash And Short Term Investments | 82.2M | 126.0M | 81.1M | 87.1M | 163.6M | 98.8M | |
Common Stock Total Equity | 10K | 13K | 24K | 26K | 29.9K | 31.4K | |
Short Term Investments | 119.6M | 619.3M | 324.9M | 200.9M | 21.9M | 20.9M | |
Liabilities And Stockholders Equity | 745.9M | 1.8B | 2.1B | 2.4B | 2.4B | 1.4B | |
Non Current Liabilities Total | 135.9M | 137.8M | 327.3M | 303.4M | 305.9M | 168.3M | |
Capital Surpluse | 553.9M | 1.6B | 1.7B | 2.1B | 2.4B | 2.5B | |
Other Current Assets | (236.9M) | (745.3M) | (411.3M) | 1.5M | (178.7M) | (187.6M) | |
Other Stockholder Equity | 573.9M | 1.6B | 1.7B | 2.2B | 2.1B | 1.2B | |
Total Liab | 197.8M | 243.1M | 472.9M | 452.9M | 438.1M | 251.8M | |
Total Current Assets | 117.3M | 126.0M | 99.3M | 106.6M | 163.7M | 108.9M | |
Accumulated Other Comprehensive Income | (19.9M) | (48.1M) | (75.2M) | (117.4M) | (28K) | (29.4K) | |
Non Current Liabilities Other | 46.8M | 71.7M | 100.2M | 1.9M | 5.1M | 4.8M | |
Common Stock | 13K | 24K | 26K | 28K | 32.2K | 18.7K | |
Property Plant Equipment | 505.9M | 1.0B | 1.6B | 2.1B | 2.4B | 2.5B | |
Net Invested Capital | 668.7M | 1.6B | 1.9B | 2.2B | 2.2B | 1.4B | |
Net Working Capital | 76.0M | 54.8M | (46.3M) | (43.0M) | 31.5M | 23.8M | |
Long Term Investments | 119.6M | 619.3M | 12.9M | 200.9M | 21.9M | 20.9M |
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When running Innovative Industrial's price analysis, check to measure Innovative Industrial'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 Innovative Industrial is operating at the current time. Most of Innovative Industrial's value examination focuses on studying past and present price action to predict the probability of Innovative Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Industrial's price. Additionally, you may evaluate how the addition of Innovative Industrial to your portfolios can decrease your overall portfolio volatility.