Fly Net Working Capital vs Cash And Short Term Investments Analysis
| FLYE Stock | USD 0.43 0.01 2.27% |
Fly E financial indicator trend analysis is much more than just examining Fly E Group, latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fly E Group, is a good investment. Please check the relationship between Fly E Net Working Capital and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fly E Group, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
Net Working Capital vs Cash And Short Term Investments
Net Working Capital vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fly E Group, Net Working Capital account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Fly E's Net Working Capital and Cash And Short Term Investments is 0.64. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Fly E Group, Common, assuming nothing else is changed. The correlation between historical values of Fly E's Net Working Capital and Cash And Short Term Investments 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 Fly E Group, Common are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Working Capital i.e., Fly E's Net Working Capital and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Working Capital
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Fly E Group, balance sheet. This account contains Fly E investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Fly E Group, Common fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Fly E's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fly E Group, 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fly E Group, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. As of November 29, 2024, Tax Provision is expected to decline to about 797.9 K. In addition to that, Selling General Administrative is expected to decline to about 2.5 M
| 2010 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.2M | 6.2M | 13.1M | 7.9M | Total Revenue | 17.2M | 21.8M | 32.2M | 26.1M |
Fly E fundamental ratios Correlations
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Fly E Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Fly E Group, is a strong investment it is important to analyze Fly E's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fly E's future performance. For an informed investment choice regarding Fly Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fly E Group, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Automobile Manufacturers space 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 Fly E. If investors know Fly 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 Fly E listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 18.624 | Earnings Share (0.02) | Revenue Per Share 1.455 | Quarterly Revenue Growth 0.004 | Return On Assets 0.0551 |
The market value of Fly E Group, is measured differently than its book value, which is the value of Fly that is recorded on the company's balance sheet. Investors also form their own opinion of Fly E's value that differs from its market value or its book value, called intrinsic value, which is Fly E'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 Fly E's market value can be influenced by many factors that don't directly affect Fly E'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 Fly E's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fly E is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fly E'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.