Trxade Common Stock Shares Outstanding vs Property Plant And Equipment Gross Analysis
MEDS Stock | USD 5.80 0.18 3.20% |
Trxade financial indicator trend analysis is much more than just breaking down Trxade Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trxade Group is a good investment. Please check the relationship between Trxade Common Stock Shares Outstanding and its Property Plant And Equipment Gross accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Trxade Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Common Stock Shares Outstanding vs Property Plant And Equipment Gross
Common Stock Shares Outstanding vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trxade Group Common Stock Shares Outstanding account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Trxade's Common Stock Shares Outstanding and Property Plant And Equipment Gross is 0.43. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Trxade Group, assuming nothing else is changed. The correlation between historical values of Trxade's Common Stock Shares Outstanding and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Trxade Group are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Common Stock Shares Outstanding i.e., Trxade's Common Stock Shares Outstanding and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.43 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Property Plant And Equipment Gross
Most indicators from Trxade's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trxade Group 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Trxade Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Selling General Administrative is likely to drop to about 4.8 M in 2024. Discontinued Operations is likely to drop to about (1.5 M) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 9.9M | 11.4M | 8.3M | 6.6M | Depreciation And Amortization | 138.9K | 216.8K | 1.0M | 1.1M |
Trxade fundamental ratios Correlations
Click cells to compare fundamentals
Trxade Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trxade fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.6M | 9.8M | 5.8M | 3.7M | 12.5M | 13.2M | |
Other Current Liab | 98.9K | 219.3K | 270.4K | 1.0M | 2.0M | 1.2M | |
Total Current Liabilities | 520.8K | 842.2K | 926.0K | 2.1M | 11.6M | 12.1M | |
Total Stockholder Equity | 4.1M | 8.7M | 3.8M | 763.1K | 542.4K | 569.5K | |
Net Debt | (1.9M) | (5.3M) | (1.9M) | 450.3K | 7.0M | 7.3M | |
Retained Earnings | (8.4M) | (10.9M) | (16.2M) | (19.7M) | (33.2M) | (31.6M) | |
Accounts Payable | 334.6K | 256.8K | 477.0K | 729.2K | 2.1M | 2.2M | |
Cash | 2.9M | 5.9M | 3.1M | 1.1M | 151.9K | 144.3K | |
Cash And Short Term Investments | 2.9M | 5.9M | 3.1M | 1.1M | 151.9K | 144.3K | |
Common Stock Shares Outstanding | 395.3K | 513.7K | 542.5K | 564.9K | 2.4M | 2.5M | |
Liabilities And Stockholders Equity | 5.6M | 9.8M | 5.8M | 3.7M | 12.5M | 13.2M | |
Non Current Liabilities Total | 910.5K | 271.3K | 1.1M | 1.2M | 434.2K | 412.5K | |
Other Stockholder Equity | 12.5M | 19.6M | 20.0M | 20.5M | 33.8M | 35.5M | |
Total Liab | 1.4M | 1.1M | 2.0M | 3.4M | 12.0M | 12.6M | |
Total Current Assets | 3.8M | 9.2M | 4.4M | 2.1M | 2.8M | 2.1M | |
Common Stock | 65.0 | 81.0 | 82.0 | 99.0 | 9.0 | 8.55 | |
Short Long Term Debt Total | 997.8K | 627.5K | 1.2M | 1.6M | 7.1M | 7.5M | |
Short Term Debt | 87.4K | 356.2K | 178.6K | 363.5K | 6.7M | 7.0M | |
Property Plant And Equipment Net | 932.7K | 549.8K | 1.3M | 1.1M | 806.6K | 582.6K | |
Non Current Assets Total | 1.8M | 571.4K | 1.4M | 1.6M | 9.8M | 10.3M | |
Non Currrent Assets Other | 109.9K | 21.6K | 60.1K | 49.0K | 10.5K | 10.0K | |
Net Receivables | 792.1K | 1.9M | 979.0K | 729.0K | 2.5M | 2.6M | |
Inventory | 56.8K | 1.3M | 56.3K | 119.6K | 968.0 | 919.6 | |
Other Current Assets | 82.5K | 151.2K | 216.4K | 110.9K | 478.4K | 502.3K | |
Property Plant And Equipment Gross | 932.7K | 549.8K | 1.3M | 1.1M | 806.6K | 655.2K | |
Capital Surpluse | 7.8M | 9.0M | 12.5M | 19.6M | 22.6M | 23.7M | |
Property Plant Equipment | 932.7K | 549.8K | 1.3M | 1.1M | 1.3M | 724.2K | |
Net Tangible Assets | 3.4M | 8.7M | 3.8M | 312.3K | 359.1K | 341.2K | |
Other Assets | 109.9K | 409.0K | 60.1K | 49.0K | 44.1K | 41.9K | |
Long Term Debt | 404.1K | 522.6K | 225K | 333.3K | 25K | 23.8K | |
Short Long Term Debt | 262.3K | 321.5K | 225K | 166.7K | 6.5M | 6.9M | |
Net Invested Capital | 4.4M | 8.9M | 3.8M | 1.3M | 7.1M | 4.3M | |
Net Working Capital | 3.3M | 8.4M | 3.4M | (53.7K) | (8.8M) | (8.4M) | |
Capital Stock | 65.0 | 81.0 | 82.0 | 99.0 | 9.0 | 8.55 |
Pair Trading with Trxade
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 Trxade 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 Trxade will appreciate offsetting losses from the drop in the long position's value.Moving together with Trxade Stock
0.73 | DG | Dollar General Buyout Trend | PairCorr |
0.64 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
The ability to find closely correlated positions to Trxade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trxade 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 Trxade - 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 Trxade Group to buy it.
The correlation of Trxade 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 Trxade moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trxade Group 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 Trxade 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Trxade Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Trxade Group information on this page should be used as a complementary analysis to other Trxade'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Trxade Stock analysis
When running Trxade's price analysis, check to measure Trxade'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 Trxade is operating at the current time. Most of Trxade's value examination focuses on studying past and present price action to predict the probability of Trxade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trxade's price. Additionally, you may evaluate how the addition of Trxade to your portfolios can decrease your overall portfolio volatility.
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories |
Is Trxade'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 Trxade. If investors know Trxade 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 Trxade 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 2.766 | Earnings Share (17.96) | Revenue Per Share 10.827 | Quarterly Revenue Growth 0.043 | Return On Assets (0.56) |
The market value of Trxade Group is measured differently than its book value, which is the value of Trxade that is recorded on the company's balance sheet. Investors also form their own opinion of Trxade's value that differs from its market value or its book value, called intrinsic value, which is Trxade'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 Trxade's market value can be influenced by many factors that don't directly affect Trxade'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 Trxade's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trxade is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trxade'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.