TBLT Stock | | | USD 3.01 0.23 8.27% |
Toughbuilt Industries financial indicator trend analysis is much more than just breaking down Toughbuilt Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Toughbuilt Industries is a good investment. Please check the relationship between Toughbuilt Industries Net Working Capital and its Accounts Payable accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Toughbuilt Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Toughbuilt Stock please use our
How to Invest in Toughbuilt Industries guide.
Net Working Capital vs Accounts Payable
Net Working Capital vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Toughbuilt Industries Net Working Capital account and
Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Toughbuilt Industries' Net Working Capital and Accounts Payable is 0.55. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Toughbuilt Industries, assuming nothing else is changed. The correlation between historical values of Toughbuilt Industries' Net Working Capital and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Toughbuilt Industries are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Working Capital i.e., Toughbuilt Industries' Net Working Capital and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Working Capital
Accounts Payable
An accounting item on the balance sheet that represents Toughbuilt Industries 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 Toughbuilt Industries 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.
Most indicators from Toughbuilt Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Toughbuilt Industries 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 Toughbuilt Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Toughbuilt Stock please use our
How to Invest in Toughbuilt Industries guide.At this time, Toughbuilt Industries'
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 24.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 12.7
M in 2024.
Toughbuilt Industries fundamental ratios Correlations
Click cells to compare fundamentals
Toughbuilt Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Toughbuilt Industries fundamental ratios Accounts
Pair Trading with Toughbuilt Industries
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 Toughbuilt Industries 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 Toughbuilt Industries will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Toughbuilt Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toughbuilt Industries 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 Toughbuilt Industries - 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 Toughbuilt Industries to buy it.
The correlation of Toughbuilt Industries 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 Toughbuilt Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toughbuilt Industries 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 Toughbuilt Industries 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 MatchingAdditional Tools for Toughbuilt Stock Analysis
When running Toughbuilt Industries' price analysis, check to
measure Toughbuilt Industries' 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 Toughbuilt Industries is operating at the current time. Most of Toughbuilt Industries' value examination focuses on studying past and present price action to
predict the probability of Toughbuilt Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toughbuilt Industries' price. Additionally, you may evaluate how the addition of Toughbuilt Industries to your portfolios can decrease your overall portfolio volatility.