Tanger Retained Earnings vs Cash And Equivalents Analysis

SKT Stock

USD 26.84 0.24 0.89%

Tanger Factory financial indicator trend analysis is much more than just breaking down Tanger Factory Outlet prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tanger Factory Outlet is a good investment. Please check the relationship between Tanger Factory Retained Earnings and its Cash And Equivalents accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tanger Factory Outlet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Retained Earnings vs Cash And Equivalents

Retained Earnings vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tanger Factory Outlet Retained Earnings account and Cash And Equivalents. At this time, the significance of the direction appears to have pay attention.

The correlation between Tanger Factory's Retained Earnings and Cash And Equivalents is -0.81. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Tanger Factory Outlet, assuming nothing else is changed. The correlation between historical values of Tanger Factory's Retained Earnings and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Tanger Factory Outlet are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Retained Earnings i.e., Tanger Factory's Retained Earnings and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Cash And Equivalents

Most indicators from Tanger Factory's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tanger Factory Outlet 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tanger Factory Outlet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

At this time, Tanger Factory's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.17 in 2024, whereas Enterprise Value Multiple is likely to drop 10.29 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	285.8M	298.7M	210.0M	204.8M
Total Revenue	426.5M	442.6M	464.4M	289.5M

Gross Profit Total Revenue

Tanger Factory fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Other Current Liab	Total Current Liabilities	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Total Current Assets	Common Stock	Short Term Debt	Accounts Payable	Long Term Debt	Inventory	Short Term Investments
Total Assets		0.99	0.83	-0.2	0.98	-0.35	0.74	0.04	0.92	0.97	0.85	0.99	-0.2	-0.55	0.44	0.18	0.99	0.17	0.92	0.51	0.91	0.21	0.8	0.98	-0.04	0.1
Short Long Term Debt Total	0.99		0.75	-0.24	0.99	-0.38	0.77	0.03	0.89	0.98	0.81	1.0	-0.24	-0.61	0.42	0.2	0.97	0.19	0.89	0.53	0.89	0.29	0.8	0.99	-0.04	0.07
Total Stockholder Equity	0.83	0.75		-0.05	0.77	-0.08	0.54	0.05	0.8	0.69	0.75	0.74	-0.05	-0.2	0.5	-0.03	0.85	-0.01	0.83	0.26	0.81	-0.18	0.58	0.75	0.02	0.15
Property Plant And Equipment Net	-0.2	-0.24	-0.05		-0.22	0.1	-0.4	-0.04	-0.1	-0.22	-0.1	-0.25	1.0	0.26	-0.32	-0.16	-0.17	-0.15	-0.02	-0.35	-0.05	0.06	-0.31	-0.27	-0.03	-0.13
Net Debt	0.98	0.99	0.77	-0.22		-0.3	0.75	-0.03	0.86	0.96	0.77	0.98	-0.22	-0.56	0.47	0.06	0.98	0.05	0.88	0.43	0.86	0.19	0.75	0.99	0.01	0.04
Retained Earnings	-0.35	-0.38	-0.08	0.1	-0.3		0.05	-0.23	-0.58	-0.45	-0.65	-0.4	0.1	0.15	0.16	-0.6	-0.31	-0.6	-0.44	-0.36	-0.54	-0.47	-0.6	-0.3	0.23	0.02
Non Currrent Assets Other	0.74	0.77	0.54	-0.4	0.75	0.05		0.12	0.58	0.72	0.45	0.76	-0.4	-0.7	0.44	0.23	0.68	0.21	0.59	0.68	0.58	0.3	0.41	0.78	0.04	0.08
Other Assets	0.04	0.03	0.05	-0.04	-0.03	-0.23	0.12		0.14	0.07	0.23	0.04	-0.04	-0.16	-0.14	0.45	-0.03	0.36	0.07	0.45	0.15	0.31	0.11	-0.01	-0.03	-0.06
Common Stock Shares Outstanding	0.92	0.89	0.8	-0.1	0.86	-0.58	0.58	0.14		0.88	0.97	0.89	-0.1	-0.36	0.32	0.33	0.89	0.33	0.97	0.52	1.0	0.28	0.77	0.84	-0.07	0.08
Non Current Liabilities Total	0.97	0.98	0.69	-0.22	0.96	-0.45	0.72	0.07	0.88		0.84	0.99	-0.22	-0.65	0.26	0.29	0.95	0.28	0.87	0.55	0.88	0.39	0.82	0.96	-0.09	0.02
Other Stockholder Equity	0.85	0.81	0.75	-0.1	0.77	-0.65	0.45	0.23	0.97	0.84		0.83	-0.1	-0.32	0.21	0.43	0.82	0.43	0.92	0.52	0.96	0.3	0.84	0.74	-0.12	0.09
Total Liab	0.99	1.0	0.74	-0.25	0.98	-0.4	0.76	0.04	0.89	0.99	0.83		-0.25	-0.61	0.41	0.23	0.97	0.22	0.89	0.55	0.89	0.31	0.82	0.98	-0.05	0.08
Property Plant And Equipment Gross	-0.2	-0.24	-0.05	1.0	-0.22	0.1	-0.4	-0.04	-0.1	-0.22	-0.1	-0.25		0.26	-0.32	-0.16	-0.17	-0.15	-0.02	-0.35	-0.05	0.06	-0.31	-0.27	-0.03	-0.13
Other Current Liab	-0.55	-0.61	-0.2	0.26	-0.56	0.15	-0.7	-0.16	-0.36	-0.65	-0.32	-0.61	0.26		-0.04	-0.43	-0.51	-0.41	-0.31	-0.51	-0.34	-0.59	-0.45	-0.62	0.33	0.19
Total Current Liabilities	0.44	0.42	0.5	-0.32	0.47	0.16	0.44	-0.14	0.32	0.26	0.21	0.41	-0.32	-0.04		-0.26	0.45	-0.25	0.36	0.16	0.32	-0.39	0.31	0.49	0.15	0.37
Cash	0.18	0.2	-0.03	-0.16	0.06	-0.6	0.23	0.45	0.33	0.29	0.43	0.23	-0.16	-0.43	-0.26		0.06	0.99	0.16	0.77	0.3	0.7	0.44	0.13	-0.34	0.21
Non Current Assets Total	0.99	0.97	0.85	-0.17	0.98	-0.31	0.68	-0.03	0.89	0.95	0.82	0.97	-0.17	-0.51	0.45	0.06		0.06	0.9	0.38	0.88	0.12	0.78	0.97	-0.03	0.04
Cash And Short Term Investments	0.17	0.19	-0.01	-0.15	0.05	-0.6	0.21	0.36	0.33	0.28	0.43	0.22	-0.15	-0.41	-0.25	0.99	0.06		0.16	0.74	0.29	0.67	0.45	0.13	-0.36	0.24
Common Stock Total Equity	0.92	0.89	0.83	-0.02	0.88	-0.44	0.59	0.07	0.97	0.87	0.92	0.89	-0.02	-0.31	0.36	0.16	0.9	0.16		0.43	0.99	0.21	0.7	0.84	0.02	0.04
Total Current Assets	0.51	0.53	0.26	-0.35	0.43	-0.36	0.68	0.45	0.52	0.55	0.52	0.55	-0.35	-0.51	0.16	0.77	0.38	0.74	0.43		0.51	0.63	0.56	0.49	-0.1	0.45
Common Stock	0.91	0.89	0.81	-0.05	0.86	-0.54	0.58	0.15	1.0	0.88	0.96	0.89	-0.05	-0.34	0.32	0.3	0.88	0.29	0.99	0.51		0.28	0.75	0.83	-0.04	0.06
Short Term Debt	0.21	0.29	-0.18	0.06	0.19	-0.47	0.3	0.31	0.28	0.39	0.3	0.31	0.06	-0.59	-0.39	0.7	0.12	0.67	0.21	0.63	0.28		0.31	0.21	-0.31	0.0
Accounts Payable	0.8	0.8	0.58	-0.31	0.75	-0.6	0.41	0.11	0.77	0.82	0.84	0.82	-0.31	-0.45	0.31	0.44	0.78	0.45	0.7	0.56	0.75	0.31		0.77	-0.23	0.33
Long Term Debt	0.98	0.99	0.75	-0.27	0.99	-0.3	0.78	-0.01	0.84	0.96	0.74	0.98	-0.27	-0.62	0.49	0.13	0.97	0.13	0.84	0.49	0.83	0.21	0.77		-0.03	0.08
Inventory	-0.04	-0.04	0.02	-0.03	0.01	0.23	0.04	-0.03	-0.07	-0.09	-0.12	-0.05	-0.03	0.33	0.15	-0.34	-0.03	-0.36	0.02	-0.1	-0.04	-0.31	-0.23	-0.03		-0.19
Short Term Investments	0.1	0.07	0.15	-0.13	0.04	0.02	0.08	-0.06	0.08	0.02	0.09	0.08	-0.13	0.19	0.37	0.21	0.04	0.24	0.04	0.45	0.06	0.0	0.33	0.08	-0.19

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Tanger Factory Account Relationship Matchups

Tanger Factory fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	2.2B	2.2B	2.2B	2.3B	1.4B
Short Long Term Debt Total	1.7B	1.7B	1.5B	1.5B	1.5B	995.1M
Total Stockholder Equity	433.2M	341.4M	477.9M	491.6M	566.8M	349.7M
Net Debt	1.6B	1.6B	1.3B	1.3B	1.5B	972.3M
Retained Earnings	(317.3M)	(420.1M)	(483.4M)	(485.6M)	(490.2M)	(465.7M)
Non Currrent Assets Other	2.0B	1.8B	1.7B	1.8B	108.6M	103.2M
Other Assets	96.7M	2.0K	1.8B	58.6M	67.4M	64.0M
Common Stock Shares Outstanding	92.8M	92.6M	102.0M	105.6M	106.5M	72.2M
Liabilities And Stockholders Equity	2.3B	2.2B	2.2B	2.2B	2.3B	1.4B
Non Current Liabilities Total	1.7B	1.7B	1.6B	1.6B	1.6B	951.6M
Other Stockholder Equity	775.0M	787.1M	978.1M	987.2M	1.1B	572.8M
Total Liab	1.8B	1.8B	1.7B	1.7B	1.7B	1.0B
Total Current Liabilities	79.6M	88.3M	93.0M	104.7M	131.5M	138.4M
Cash	16.7M	84.8M	161.3M	212.1M	12.8M	25.3M
Non Current Assets Total	2.2B	2.0B	1.9B	2.0B	2.3B	1.5B
Cash And Short Term Investments	16.7M	84.8M	161.3M	264.6M	22.0M	28.1M
Common Stock Total Equity	946K	939K	929K	936K	1.1M	562.8K
Total Current Assets	120.3M	190.1M	265.8M	264.6M	22.0M	20.9M
Accumulated Other Comprehensive Income	(25.5M)	(26.6M)	(17.8M)	(11.0M)	(23.5M)	(24.7M)
Common Stock	929K	936K	1.0M	1.0M	1.1M	627.2K
Short Term Debt	1.2B	1.2B	1.1B	1.1B	13M	12.4M
Accounts Payable	79.6M	88.3M	93.0M	104.7M	118.5M	65.1M
Long Term Debt	1.6B	1.6B	1.4B	1.4B	1.4B	1.1B
Other Current Assets	(78.3M)	(150.6M)	(214.6M)	(324.3M)	(22.0M)	(20.9M)
Other Liab	87.1M	84.4M	78.7M	83.0M	95.4M	59.4M
Intangible Assets	11.3M	(3.9M)	(16.5M)	(30.5M)	(7.7M)	(7.3M)
Property Plant Equipment	100M	1.8B	1.7B	1.7B	2.0B	1.3B
Net Tangible Assets	100M	(90.1M)	404.2M	433.1M	389.8M	237.6M
Net Receivables	61.6M	65.8M	53.3M	59.7M	48.9M	57.3M
Long Term Investments	94.7M	94.6M	82.6M	73.8M	71.9M	93.6M
Long Term Debt Total	1.6B	1.6B	1.4B	1.4B	1.3B	1.3B

Pair Trading with Tanger Factory

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 Tanger Factory 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 Tanger Factory will appreciate offsetting losses from the drop in the long position's value.

Moving against Tanger Stock

0.47

ELME

Elme Communities

Pair Corr

The ability to find closely correlated positions to Tanger Factory could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tanger Factory 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 Tanger Factory - 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 Tanger Factory Outlet to buy it.

The correlation of Tanger Factory 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 Tanger Factory moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tanger Factory Outlet 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 Tanger Factory 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 Correlation Correlation Matching

Additional Tools for Tanger Stock Analysis

When running Tanger Factory's price analysis, check to measure Tanger Factory'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 Tanger Factory is operating at the current time. Most of Tanger Factory's value examination focuses on studying past and present price action to predict the probability of Tanger Factory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tanger Factory's price. Additionally, you may evaluate how the addition of Tanger Factory to your portfolios can decrease your overall portfolio volatility.

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