Tat Non Currrent Assets Other vs Common Stock Shares Outstanding Analysis
TATT Stock | USD 14.50 0.49 3.27% |
Tat Techno financial indicator trend analysis is much more than just breaking down Tat Techno prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tat Techno is a good investment. Please check the relationship between Tat Techno Non Currrent Assets Other and its Common Stock Shares Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tat Techno. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Tat Stock please use our How to Invest in Tat Techno guide.
Non Currrent Assets Other vs Common Stock Shares Outstanding
Non Currrent Assets Other vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tat Techno Non Currrent Assets Other account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Tat Techno's Non Currrent Assets Other and Common Stock Shares Outstanding is 0.57. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Tat Techno, assuming nothing else is changed. The correlation between historical values of Tat Techno's Non Currrent Assets Other 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 Non Currrent Assets Other of Tat Techno 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 Non Currrent Assets Other i.e., Tat Techno's Non Currrent Assets Other and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.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 Tat Techno's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tat Techno 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 Tat Techno. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Tat Stock please use our How to Invest in Tat Techno guide.At this time, Tat Techno's Discontinued Operations is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 10.6 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.09 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 11.3M | 15.9M | 22.5M | 11.9M | Total Revenue | 78.0M | 84.6M | 113.8M | 119.5M |
Tat Techno fundamental ratios Correlations
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Tat Techno Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tat Techno fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 8.9M | 8.9M | 8.9M | 8.9M | 9.1M | 6.4M | |
Total Assets | 114.7M | 116.1M | 110.8M | 126.7M | 147.2M | 75.0M | |
Other Current Liab | 6.9M | 5.6M | 5.9M | 7.1M | 8.7M | 9.1M | |
Total Current Liabilities | 20.7M | 25.2M | 24.6M | 29.0M | 39.3M | 41.3M | |
Total Stockholder Equity | 85.4M | 80.3M | 76.8M | 75.6M | 90.7M | 53.9M | |
Property Plant And Equipment Net | 27.7M | 32.5M | 33.6M | 45.9M | 45.3M | 47.6M | |
Net Debt | (8.9M) | (8.8M) | 3.0M | 22.1M | 13.3M | 14.0M | |
Retained Earnings | 19.1M | 13.7M | 10.2M | 8.6M | 13.3M | 7.5M | |
Cash | 16.0M | 24.1M | 12.9M | 7.7M | 16.6M | 12.9M | |
Non Current Assets Total | 31.0M | 36.7M | 38.9M | 51.5M | 52.9M | 55.5M | |
Non Currrent Assets Other | 1.4M | 1.4M | 1.5M | 1.1M | 664K | 630.8K | |
Cash And Short Term Investments | 16.0M | 24.1M | 12.9M | 7.7M | 16.6M | 14.7M | |
Net Receivables | 21.2M | 11.4M | 13.9M | 15.6M | 20.0M | 13.7M | |
Liabilities And Stockholders Equity | 114.7M | 116.1M | 110.8M | 126.7M | 147.2M | 75.0M | |
Non Current Liabilities Total | 8.6M | 10.7M | 9.5M | 22.1M | 17.2M | 18.1M | |
Inventory | 43.9M | 41.2M | 41.0M | 45.8M | 51.3M | 53.8M | |
Other Current Assets | 2.6M | 2.7M | 4.2M | 6.0M | 6.4M | 6.7M | |
Other Stockholder Equity | 63.5M | 63.6M | 63.8M | 64.2M | 74.2M | 44.7M | |
Total Liab | 29.3M | 35.8M | 34.0M | 51.1M | 56.5M | 59.4M | |
Property Plant And Equipment Gross | 27.7M | 32.5M | 33.6M | 45.9M | 104.7M | 110.0M | |
Total Current Assets | 83.6M | 79.4M | 72.0M | 75.2M | 94.3M | 54.9M | |
Accumulated Other Comprehensive Income | 26K | 128K | 33K | (26K) | 27K | 28.4K | |
Short Term Debt | 1.3M | 6.1M | 7.9M | 8.9M | 15.4M | 16.1M | |
Current Deferred Revenue | 513K | 1.3M | 1.7M | 2.8M | 5.2M | 5.5M | |
Accounts Payable | 12.0M | 12.2M | 9.1M | 10.2M | 10.0M | 5.6M | |
Intangible Assets | 777K | 1.5M | 1.8M | 1.6M | 1.8M | 1.4M | |
Other Liab | 2.9M | 1.4M | 1.5M | 1.1M | 1.0M | 981.5K | |
Other Assets | 1.6M | 1.9M | 2.8M | 2.3M | 2.1M | 2.9M | |
Property Plant Equipment | 27.7M | 32.5M | 33.6M | 45.9M | 52.8M | 55.4M | |
Net Tangible Assets | 83.4M | 84.6M | 78.8M | 75.0M | 67.5M | 67.4M | |
Long Term Investments | 956K | 771K | 695K | 1.7M | 2.2M | 2.3M |
Pair Trading with Tat Techno
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 Tat Techno 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 Tat Techno will appreciate offsetting losses from the drop in the long position's value.Moving together with Tat Stock
Moving against Tat Stock
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The ability to find closely correlated positions to Tat Techno could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tat Techno 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 Tat Techno - 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 Tat Techno to buy it.
The correlation of Tat Techno 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 Tat Techno moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tat Techno 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 Tat Techno 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.Additional Tools for Tat Stock Analysis
When running Tat Techno's price analysis, check to measure Tat Techno'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 Tat Techno is operating at the current time. Most of Tat Techno's value examination focuses on studying past and present price action to predict the probability of Tat Techno's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tat Techno's price. Additionally, you may evaluate how the addition of Tat Techno to your portfolios can decrease your overall portfolio volatility.