Trinity Total Current Assets vs Other Current Assets Analysis
TPHS Stock | USD 0.14 0.01 7.69% |
Trinity Place financial indicator trend analysis is much more than just breaking down Trinity Place Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trinity Place Holdings is a good investment. Please check the relationship between Trinity Place Total Current Assets and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trinity Place Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Total Current Assets vs Other Current Assets
Total Current Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trinity Place Holdings Total Current Assets account and Other Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Trinity Place's Total Current Assets and Other Current Assets is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Trinity Place Holdings, assuming nothing else is changed. The correlation between historical values of Trinity Place's Total Current Assets and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Trinity Place Holdings are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Assets i.e., Trinity Place's Total Current Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Trinity Place's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trinity Place Holdings 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 Trinity Place Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. At this time, Trinity Place's Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 270.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 5.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 7.1M | 10.1M | 5.9M | 5.6M | Cost Of Revenue | 31.9M | 41.1M | 36.8M | 35.0M |
Trinity Place fundamental ratios Correlations
Click cells to compare fundamentals
Trinity Place Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trinity Place fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 345.3M | 329.1M | 351.4M | 306.9M | 267.5M | 247.6M | |
Short Long Term Debt Total | 177.7M | 244.5M | 272.2M | 259.8M | 247.7M | 260.1M | |
Other Current Liab | 22.2M | 15.9M | 17.9M | 19.0M | (165.1M) | (156.9M) | |
Total Current Liabilities | 110.3M | 55.5M | 63.5M | 63.2M | 82.4M | 44.0M | |
Total Stockholder Equity | 59.7M | 67.9M | 60.2M | 27.3M | (10.0M) | (9.5M) | |
Property Plant And Equipment Net | 1.9M | 1.6M | 1.3M | 945K | 519K | 493.1K | |
Net Debt | 168.5M | 238.0M | 267.8M | 258.3M | 239.4M | 251.4M | |
Retained Earnings | (16.0M) | (9.5M) | (26.0M) | (56.9M) | (95.9M) | (91.1M) | |
Cash | 9.2M | 6.5M | 4.3M | 1.5M | 8.3M | 9.1M | |
Non Current Assets Total | 324.0M | 311.6M | 325.7M | 282.0M | 254.4M | 159.8M | |
Non Currrent Assets Other | 4.2M | 454K | 1.3M | 268.9M | 434.8M | 456.5M | |
Cash And Short Term Investments | 9.2M | 6.5M | 4.3M | 1.5M | 8.3M | 10.8M | |
Net Receivables | 1.8M | 1.1M | 198K | 425K | 663K | 629.9K | |
Common Stock Shares Outstanding | 32.0M | 33.0M | 33.3M | 37.2M | 38.4M | 22.1M | |
Liabilities And Stockholders Equity | 345.3M | 329.1M | 351.4M | 306.9M | 267.5M | 247.6M | |
Non Current Liabilities Total | 175.3M | 205.7M | 227.7M | 216.4M | 195.2M | 205.0M | |
Inventory | 30.8M | 27.1M | 46.3M | 45.5M | 40.9M | 46.2M | |
Other Current Assets | (20.5M) | (17.1M) | (25.0M) | (22.5M) | (9.0M) | (8.6M) | |
Other Stockholder Equity | 78.5M | 79.2M | 87.1M | 87.4M | 87.7M | 65.6M | |
Total Liab | 285.6M | 261.2M | 291.2M | 279.6M | 277.6M | 291.4M | |
Property Plant And Equipment Gross | 1.9M | 1.6M | 1.3M | 945K | 519K | 493.1K | |
Total Current Assets | 21.3M | 17.6M | 25.7M | 25.0M | 13.2M | 12.5M | |
Accumulated Other Comprehensive Income | (3.2M) | (2.2M) | (1.3M) | (3.6M) | (2.3M) | (2.4M) | |
Short Term Debt | 5.2M | 39.6M | 45.6M | 44.2M | 247.5M | 259.9M | |
Accounts Payable | 21.0M | 22.2M | 15.9M | 12.3M | 11.0M | 15.2M | |
Other Assets | 2.6M | 313.5M | 319.3M | (1.0) | (0.9) | (0.85) | |
Common Stock Total Equity | 368K | 372K | 376K | 383K | 344.7K | 478.5K | |
Common Stock | 376K | 383K | 430K | 435K | 450K | 460.0K | |
Other Liab | 53.0M | 85.7M | 830K | 1.1M | 1.3M | 1.3M | |
Treasury Stock | (53.7M) | (54.8M) | (55.7M) | (56.8M) | (51.1M) | (53.7M) | |
Property Plant Equipment | 213.1M | 295.1M | 280.8M | 295.9M | 340.2M | 357.2M | |
Intangible Assets | 7.2M | 9.2M | 8.4M | 7.7M | 7.0M | 5.3M | |
Long Term Debt | 170.4M | 203.2M | 225.1M | 214.6M | 194.6M | 97.9M | |
Net Tangible Assets | 48.8M | 44.1M | 58.7M | 51.8M | 46.6M | 52.3M | |
Long Term Debt Total | 36.2M | 123.3M | 175.6M | 210.9M | 242.6M | 254.7M |
Pair Trading with Trinity Place
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 Trinity Place 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 Trinity Place will appreciate offsetting losses from the drop in the long position's value.Moving together with Trinity Stock
0.7 | AEI | Alset Ehome International | PairCorr |
Moving against Trinity Stock
0.66 | BHM | Bluerock Homes Trust | PairCorr |
0.53 | DOMA | Doma Holdings | PairCorr |
The ability to find closely correlated positions to Trinity Place could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trinity Place 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 Trinity Place - 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 Trinity Place Holdings to buy it.
The correlation of Trinity Place 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 Trinity Place moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trinity Place Holdings 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 Trinity Place 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Trinity Place Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Trinity Place Holdings information on this page should be used as a complementary analysis to other Trinity Place's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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When running Trinity Place's price analysis, check to measure Trinity Place'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 Trinity Place is operating at the current time. Most of Trinity Place's value examination focuses on studying past and present price action to predict the probability of Trinity Place's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trinity Place's price. Additionally, you may evaluate how the addition of Trinity Place to your portfolios can decrease your overall portfolio volatility.
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Is Trinity Place'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 Trinity Place. If investors know Trinity 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 Trinity Place listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.02) | Revenue Per Share 0.876 | Quarterly Revenue Growth (0.85) | Return On Assets (0.02) | Return On Equity (4.51) |
The market value of Trinity Place Holdings is measured differently than its book value, which is the value of Trinity that is recorded on the company's balance sheet. Investors also form their own opinion of Trinity Place's value that differs from its market value or its book value, called intrinsic value, which is Trinity Place'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 Trinity Place's market value can be influenced by many factors that don't directly affect Trinity Place'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 Trinity Place's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trinity Place is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trinity Place'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.