Presto Investments vs Other Non Cash Items Analysis

PRST Stock  USD 0.1  0.01  11.22%   
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 Investments 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 closely tied 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.

Investments vs Other Non Cash Items

Investments 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 Investments account and Other Non Cash Items. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Presto Automation's Investments and Other Non Cash Items is 0.87. Overlapping area represents the amount of variation of Investments 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 Investments 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 Investments 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 Investments i.e., Presto Automation's Investments and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

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 closely tied 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 Expense5.4M12.8M14.7M15.4M
Depreciation And Amortization5.0M1.7M1.5M1.4M

Presto Automation fundamental ratios Correlations

-0.410.23-0.740.460.180.520.510.57-0.570.60.460.430.420.510.510.820.430.220.220.910.660.77-0.4-0.350.51
-0.410.720.89-0.94-0.69-0.96-0.83-0.540.97-0.76-0.570.55-0.87-0.69-0.690.180.55-0.93-0.96-0.05-0.78-0.730.280.99-0.68
0.230.720.47-0.74-0.82-0.68-0.30.120.64-0.170.010.64-0.41-0.1-0.10.720.64-0.64-0.80.46-0.16-0.07-0.280.74-0.08
-0.740.890.47-0.93-0.67-0.95-0.75-0.530.97-0.74-0.510.13-0.74-0.63-0.63-0.230.13-0.71-0.78-0.48-0.78-0.810.270.86-0.61
0.46-0.94-0.74-0.930.790.990.690.35-0.970.630.4-0.360.720.510.51-0.11-0.360.760.860.190.660.64-0.15-0.910.5
0.18-0.69-0.82-0.670.790.720.21-0.16-0.760.14-0.17-0.160.260.010.01-0.29-0.160.480.740.010.170.160.48-0.7-0.01
0.52-0.96-0.68-0.950.990.720.770.47-0.980.730.51-0.380.80.620.62-0.04-0.380.80.870.230.750.73-0.26-0.930.6
0.51-0.83-0.3-0.750.690.210.770.91-0.760.990.93-0.540.990.970.980.1-0.540.880.730.160.980.94-0.74-0.810.97
0.57-0.540.12-0.530.35-0.160.470.91-0.480.950.97-0.340.850.980.980.36-0.340.650.420.290.940.92-0.88-0.510.98
-0.570.970.640.97-0.97-0.76-0.98-0.76-0.48-0.72-0.480.32-0.78-0.62-0.620.00.32-0.82-0.9-0.26-0.75-0.740.20.95-0.6
0.6-0.76-0.17-0.740.630.140.730.990.95-0.720.94-0.430.950.980.980.25-0.430.80.640.280.990.97-0.77-0.730.98
0.46-0.570.01-0.510.4-0.170.510.930.97-0.480.94-0.470.890.970.970.23-0.470.690.440.180.930.89-0.93-0.540.98
0.430.550.640.13-0.36-0.16-0.38-0.54-0.340.32-0.43-0.47-0.64-0.49-0.490.751.0-0.76-0.640.73-0.38-0.220.310.58-0.48
0.42-0.87-0.41-0.740.720.260.80.990.85-0.780.950.89-0.640.940.94-0.04-0.640.930.80.050.950.88-0.69-0.860.94
0.51-0.69-0.1-0.630.510.010.620.970.98-0.620.980.97-0.490.941.00.21-0.490.790.590.190.970.93-0.83-0.671.0
0.51-0.69-0.1-0.630.510.010.620.980.98-0.620.980.97-0.490.941.00.21-0.490.790.590.190.970.93-0.83-0.671.0
0.820.180.72-0.23-0.11-0.29-0.040.10.360.00.250.230.75-0.040.210.210.75-0.31-0.360.930.280.43-0.340.240.21
0.430.550.640.13-0.36-0.16-0.38-0.54-0.340.32-0.43-0.471.0-0.64-0.49-0.490.75-0.76-0.640.73-0.38-0.220.310.58-0.48
0.22-0.93-0.64-0.710.760.480.80.880.65-0.820.80.69-0.760.930.790.79-0.31-0.760.94-0.190.80.7-0.41-0.940.78
0.22-0.96-0.8-0.780.860.740.870.730.42-0.90.640.44-0.640.80.590.59-0.36-0.640.94-0.160.650.57-0.12-0.980.57
0.91-0.050.46-0.480.190.010.230.160.29-0.260.280.180.730.050.190.190.930.73-0.19-0.160.340.5-0.240.020.19
0.66-0.78-0.16-0.780.660.170.750.980.94-0.750.990.93-0.380.950.970.970.28-0.380.80.650.340.99-0.76-0.740.97
0.77-0.73-0.07-0.810.640.160.730.940.92-0.740.970.89-0.220.880.930.930.43-0.220.70.570.50.99-0.74-0.680.93
-0.40.28-0.280.27-0.150.48-0.26-0.74-0.880.2-0.77-0.930.31-0.69-0.83-0.83-0.340.31-0.41-0.12-0.24-0.76-0.740.23-0.84
-0.350.990.740.86-0.91-0.7-0.93-0.81-0.510.95-0.73-0.540.58-0.86-0.67-0.670.240.58-0.94-0.980.02-0.74-0.680.23-0.65
0.51-0.68-0.08-0.610.5-0.010.60.970.98-0.60.980.98-0.480.941.01.00.21-0.480.780.570.190.970.93-0.84-0.65
Click cells to compare fundamentals

Presto Automation Account Relationship Matchups

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

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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.
Pair CorrelationCorrelation Matching

Additional 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.