Blue Net Debt vs Other Current Liab Analysis
| BOCN Stock | USD 10.72 0.20 1.90% |
Blue Ocean financial indicator trend analysis is way more than just evaluating Blue Ocean Acquisition prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Ocean Acquisition is a good investment. Please check the relationship between Blue Ocean Net Debt and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Ocean Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Net Debt vs Other Current Liab
Net Debt vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Ocean Acquisition Net Debt account and Other Current Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between Blue Ocean's Net Debt and Other Current Liab is -1.0. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Blue Ocean Acquisition, assuming nothing else is changed. The correlation between historical values of Blue Ocean's Net Debt and Other Current Liab 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 Debt of Blue Ocean Acquisition are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Net Debt i.e., Blue Ocean's Net Debt and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -1.0 |
| Relationship Direction | Negative |
| Relationship Strength | Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Other Current Liab
Most indicators from Blue Ocean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Ocean Acquisition 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Ocean Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. As of the 12th of December 2024, Selling General Administrative is likely to drop to about 2.1 M. In addition to that, Enterprise Value Over EBITDA is likely to drop to 38.32
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.0M | 13.9M | 15.8K | 15.0K | Depreciation And Amortization | 285.4K | 1.2M | 8.6M | 9.0M |
Blue Ocean fundamental ratios Correlations
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Blue Ocean Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Blue Ocean
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 Blue Ocean 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 Blue Ocean will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Blue Ocean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Ocean 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 Blue Ocean - 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 Blue Ocean Acquisition to buy it.
The correlation of Blue Ocean 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 Blue Ocean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Ocean Acquisition 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 Blue Ocean 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.Other Information on Investing in Blue Stock
Balance Sheet is a snapshot of the financial position of Blue Ocean Acquisition at a specified time, usually calculated after every quarter, six months, or one year. Blue Ocean Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Blue Ocean and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Blue currently owns. An asset can also be divided into two categories, current and non-current.