Presto Begin Period Cash Flow vs Other Non Cash Items Analysis
| PRST Stock | USD 0.11 0.01 8.33% |
Presto Automation financial indicator trend analysis is much more than just breaking down Presto Automation prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Presto Automation is a good investment. Please check the relationship between Presto Automation Begin Period Cash Flow and its Other Non Cash Items accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Presto Automation. 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 Presto Stock please use our How to Invest in Presto Automation guide.
Begin Period Cash Flow vs Other Non Cash Items
Begin Period Cash Flow vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Presto Automation Begin Period Cash Flow account and Other Non Cash Items. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Presto Automation's Begin Period Cash Flow and Other Non Cash Items is 0.41. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Presto Automation, assuming nothing else is changed. The correlation between historical values of Presto Automation's Begin Period Cash Flow and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of Presto Automation are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Begin Period Cash Flow i.e., Presto Automation's Begin Period Cash Flow and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.41 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Other Non Cash Items
Most indicators from Presto Automation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Presto Automation 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Presto Automation. 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 Presto Stock please use our How to Invest in Presto Automation guide.At this time, Presto Automation's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 32.3 M in 2024, whereas Enterprise Value Multiple is likely to drop (4.89) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 5.4M | 12.8M | 14.7M | 15.4M | Depreciation And Amortization | 5.0M | 1.7M | 1.5M | 1.4M |
Presto Automation fundamental ratios Correlations
Click cells to compare fundamentals
Presto Automation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Presto Automation
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 Presto Automation 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 Presto Automation will appreciate offsetting losses from the drop in the long position's value.Moving against Presto Stock
| 0.63 | VRME | VerifyMe | PairCorr |
| 0.62 | DSWL | Deswell Industries | PairCorr |
| 0.41 | VISL | Vislink Technologies | PairCorr |
The ability to find closely correlated positions to Presto Automation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Presto Automation 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 Presto Automation - 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 Presto Automation to buy it.
The correlation of Presto Automation 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 Presto Automation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Presto Automation 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 Presto Automation 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Presto Automation. 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 Presto Stock please use our How to Invest in Presto Automation guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Presto Stock analysis
When running Presto Automation's price analysis, check to measure Presto Automation'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 Presto Automation is operating at the current time. Most of Presto Automation's value examination focuses on studying past and present price action to predict the probability of Presto Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Presto Automation's price. Additionally, you may evaluate how the addition of Presto Automation to your portfolios can decrease your overall portfolio volatility.
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Is Presto Automation'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 Presto Automation. If investors know Presto 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 Presto Automation 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 (0.91) | Earnings Share (1.39) | Revenue Per Share 0.295 | Quarterly Revenue Growth (0.33) | Return On Assets (1.04) |
The market value of Presto Automation is measured differently than its book value, which is the value of Presto that is recorded on the company's balance sheet. Investors also form their own opinion of Presto Automation's value that differs from its market value or its book value, called intrinsic value, which is Presto Automation'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 Presto Automation's market value can be influenced by many factors that don't directly affect Presto Automation'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 Presto Automation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Presto Automation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Presto Automation'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.