Trxade Other Current Assets vs Total Current Liabilities 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 Other Current Assets and its Total Current Liabilities 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.
Other Current Assets vs Total Current Liabilities
Other Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trxade Group Other Current Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Trxade's Other Current Assets and Total Current Liabilities is 0.92. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Current Liabilities 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 Other Current Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Trxade Group are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Current Assets i.e., Trxade's Other Current Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Total Current Liabilities
Total Current Liabilities is an item on Trxade balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Trxade Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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 Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |
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.