Microvast Accounts Payable vs Common Stock Shares Outstanding Analysis
MVST Stock | USD 0.35 0.03 7.89% |
Microvast Holdings financial indicator trend analysis is infinitely more than just investigating Microvast Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Microvast Holdings is a good investment. Please check the relationship between Microvast Holdings Accounts Payable and its Common Stock Shares Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microvast Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Microvast Stock please use our How to Invest in Microvast Holdings guide.
Accounts Payable vs Common Stock Shares Outstanding
Accounts Payable vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Microvast Holdings Accounts Payable account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between Microvast Holdings' Accounts Payable and Common Stock Shares Outstanding is 0.73. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Microvast Holdings, assuming nothing else is changed. The correlation between historical values of Microvast Holdings' Accounts Payable and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Microvast Holdings are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Accounts Payable i.e., Microvast Holdings' Accounts Payable and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Microvast Holdings obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Microvast Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Microvast Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Microvast Holdings 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 Microvast Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Microvast Stock please use our How to Invest in Microvast Holdings guide.Tax Provision is likely to drop to about 28.2 K in 2024. Selling General Administrative is likely to drop to about 74.3 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 11.2M | 24.5M | 22.9M | 20.4M | Interest Income | 446K | 3.2M | 5.1M | 5.3M |
Microvast Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Microvast Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Microvast Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 280.5M | 404.5M | 995.3M | 985.0M | 1.1B | 689.7M | |
Short Long Term Debt Total | 150.1M | 151.0M | 147.4M | 173.1M | 205.2M | 151.6M | |
Other Current Liab | 269.1K | 61.3M | 59.4M | 67.4M | 146.5M | 153.9M | |
Total Current Liabilities | 269.1K | 183.6M | 175.6M | 252.4M | 403.4M | 423.6M | |
Total Stockholder Equity | 280.2M | (384.6M) | 686.7M | 613.0M | 564.2M | 322.6M | |
Net Debt | 150.0M | 129.5M | (333.5M) | (58.3M) | 123.2M | 129.3M | |
Retained Earnings | 3.4M | (398.0M) | (632.1M) | (791.2M) | (897.5M) | (852.6M) | |
Cash | 140.3K | 21.5M | 480.9M | 231.4M | 82.0M | 149.6M | |
Non Current Assets Total | 280.1M | 215.2M | 288.7M | 439.9M | 671.1M | 347.4M | |
Non Currrent Assets Other | 1.6M | 890K | 19.7M | 74.1M | 21.6M | 21.6M | |
Cash And Short Term Investments | 140.3K | 21.5M | 480.9M | 256.5M | 87.7M | 155.2M | |
Common Stock Total Equity | 275.2M | 276.5M | 30K | 31K | 27.9K | 26.5K | |
Common Stock Shares Outstanding | 35.1M | 99.0M | 185.9M | 303.3M | 310.9M | 172.7M | |
Liabilities And Stockholders Equity | 280.5M | 404.5M | 995.3M | 985.0M | 1.1B | 689.7M | |
Other Stockholder Equity | (288.6M) | (309.1M) | 1.3B | 1.4B | 1.5B | 1.6B | |
Total Liab | 296.1K | 698.3M | 308.6M | 372.0M | 529.2M | 349.9M | |
Total Current Assets | 396.4K | 189.3M | 706.6M | 545.1M | 425.6M | 342.3M | |
Common Stock | 275.2M | 6K | 30K | 31K | 32K | 30.4K |
Pair Trading with Microvast Holdings
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 Microvast Holdings 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 Microvast Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Microvast Stock
0.85 | ELVA | Electrovaya Common Shares | PairCorr |
0.82 | EOSE | Eos Energy Enterprises | PairCorr |
Moving against Microvast Stock
0.79 | VRT | Vertiv Holdings | PairCorr |
0.78 | ROBOF | RoboGroup TEK | PairCorr |
0.76 | WIRE | Encore Wire | PairCorr |
0.66 | NVT | nVent Electric PLC | PairCorr |
0.56 | BE | Bloom Energy Corp Trending | PairCorr |
The ability to find closely correlated positions to Microvast Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microvast Holdings 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 Microvast Holdings - 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 Microvast Holdings to buy it.
The correlation of Microvast Holdings 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 Microvast Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microvast Holdings 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 Microvast Holdings 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 Microvast Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Microvast Stock please use our How to Invest in Microvast Holdings guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Microvast Stock analysis
When running Microvast Holdings' price analysis, check to measure Microvast Holdings' 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 Microvast Holdings is operating at the current time. Most of Microvast Holdings' value examination focuses on studying past and present price action to predict the probability of Microvast Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Microvast Holdings' price. Additionally, you may evaluate how the addition of Microvast Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Microvast Holdings' 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 Microvast Holdings. If investors know Microvast 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 Microvast Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.32) | Revenue Per Share 1.09 | Quarterly Revenue Growth 0.732 | Return On Assets (0.06) | Return On Equity (0.18) |
The market value of Microvast Holdings is measured differently than its book value, which is the value of Microvast that is recorded on the company's balance sheet. Investors also form their own opinion of Microvast Holdings' value that differs from its market value or its book value, called intrinsic value, which is Microvast Holdings' 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 Microvast Holdings' market value can be influenced by many factors that don't directly affect Microvast Holdings' 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 Microvast Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Microvast Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Microvast Holdings' 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.