Forestar Current Deferred Revenue vs Cash And Equivalents Analysis

FOR Stock  USD 28.36  0.08  0.28%   
Forestar financial indicator trend analysis is much more than just examining Forestar Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forestar Group is a good investment. Please check the relationship between Forestar Current Deferred Revenue and its Cash And Equivalents accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forestar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Current Deferred Revenue vs Cash And Equivalents

Current Deferred Revenue vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forestar Group Current Deferred Revenue account and Cash And Equivalents. At this time, the significance of the direction appears to have strong relationship.
The correlation between Forestar's Current Deferred Revenue and Cash And Equivalents is 0.62. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Forestar Group, assuming nothing else is changed. The correlation between historical values of Forestar's Current Deferred Revenue and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Forestar Group are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Current Deferred Revenue i.e., Forestar's Current Deferred Revenue and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

0.62
Relationship DirectionPositive 
Relationship StrengthSignificant

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Cash And Equivalents

Most indicators from Forestar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forestar 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 Forestar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
At this time, Forestar's Selling General Administrative is relatively stable compared to the past year. As of 12/12/2024, Discontinued Operations is likely to grow to about 8.7 M, while Tax Provision is likely to drop slightly above 34.2 M.

Forestar fundamental ratios Correlations

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0.780.660.670.660.640.640.740.99-0.20.860.480.790.70.430.99-0.73-0.260.380.58-0.370.43-0.02-0.550.30.6
0.980.660.280.060.220.850.760.67-0.030.920.880.970.960.760.67-0.48-0.220.860.97-0.510.760.28-0.50.60.98
0.460.670.280.560.480.460.210.7-0.310.610.20.470.48-0.280.72-0.670.180.030.370.12-0.280.1-0.23-0.440.28
0.210.660.060.560.890.20.370.68-0.470.34-0.020.250.16-0.050.63-0.41-0.35-0.27-0.06-0.12-0.05-0.36-0.21-0.15-0.01
0.330.640.220.480.890.30.550.67-0.510.420.130.370.310.070.6-0.25-0.38-0.10.1-0.140.07-0.39-0.16-0.040.18
0.880.640.850.460.20.30.630.67-0.160.860.730.850.880.470.65-0.42-0.120.690.87-0.380.470.08-0.480.30.84
0.770.740.760.210.370.550.630.75-0.20.750.520.780.680.70.72-0.35-0.230.470.65-0.60.7-0.2-0.520.630.69
0.790.990.670.70.680.670.670.75-0.260.870.490.80.720.40.99-0.7-0.250.360.6-0.370.4-0.05-0.510.250.61
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0.980.860.920.610.340.420.860.750.87-0.150.750.970.940.570.87-0.66-0.160.680.9-0.430.570.18-0.550.360.88
0.830.480.880.2-0.020.130.730.520.49-0.160.750.790.90.630.5-0.34-0.350.870.86-0.260.630.52-0.250.480.91
0.990.790.970.470.250.370.850.780.8-0.070.970.790.960.660.8-0.58-0.230.750.93-0.470.660.2-0.490.460.94
0.970.70.960.480.160.310.880.680.72-0.180.940.90.960.580.72-0.54-0.190.810.96-0.380.580.34-0.460.390.97
0.680.430.76-0.28-0.050.070.470.70.40.170.570.630.660.580.39-0.2-0.430.720.62-0.651.00.07-0.470.920.7
0.790.990.670.720.630.60.650.720.99-0.220.870.50.80.720.39-0.75-0.20.380.62-0.360.390.04-0.540.260.61
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-0.19-0.26-0.220.18-0.35-0.38-0.12-0.23-0.25-0.13-0.16-0.35-0.23-0.19-0.43-0.2-0.18-0.33-0.050.12-0.430.0-0.21-0.29-0.24
0.780.380.860.03-0.27-0.10.690.470.360.290.680.870.750.810.720.38-0.26-0.330.85-0.280.720.49-0.310.590.9
0.950.580.970.37-0.060.10.870.650.6-0.030.90.860.930.960.620.62-0.47-0.050.85-0.420.620.35-0.460.450.97
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0.680.430.76-0.28-0.050.070.470.70.40.170.570.630.660.581.00.39-0.2-0.430.720.62-0.650.07-0.470.920.7
0.23-0.020.280.1-0.36-0.390.08-0.2-0.050.250.180.520.20.340.070.04-0.370.00.490.350.090.07-0.10.080.33
-0.53-0.55-0.5-0.23-0.21-0.16-0.48-0.52-0.510.05-0.55-0.25-0.49-0.46-0.47-0.540.71-0.21-0.31-0.460.71-0.47-0.1-0.5-0.39
0.490.30.6-0.44-0.15-0.040.30.630.250.190.360.480.460.390.920.26-0.17-0.290.590.45-0.660.920.08-0.50.53
0.950.60.980.28-0.010.180.840.690.61-0.030.880.910.940.970.70.61-0.42-0.240.90.97-0.380.70.33-0.390.53
Click cells to compare fundamentals

Forestar Account Relationship Matchups

Forestar fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7B2.1B2.3B2.5B2.8B3.0B
Short Long Term Debt Total714.9M759.9M741.1M830.5M716.6M391.6M
Total Stockholder Equity870.9M1.0B1.2B1.4B1.6B1.7B
Net Debt246.8M550.9M441.2M79M235.4M183.2M
Non Current Assets Total1.3B1.9B2.1B1.9B7.1M6.7M
Non Currrent Assets Other1.3B1.9B2.1B1.8B(7.1M)(6.7M)
Other Assets1M2.1B2.1B1.8B2.3B2.4B
Common Stock Shares Outstanding48.1M49.0M49.8M50.1M50.8M44.4M
Liabilities And Stockholders Equity1.7B2.1B2.3B2.5B2.8B3.0B
Non Current Liabilities Total745.1M877.2M879.1M867.1M789.8M434.1M
Other Stockholder Equity386.9M636.2M(1.1B)644.2M665.2M698.5M
Total Liab868.1M1.1B1.1B1.1B1.2B1.3B
Other Current Liab10.5M1.3M137.1M165.3M173.4M182.1M
Other Liab124M172.7M173.1M189.9M218.4M229.3M
Accounts Payable29.2M47.4M72.2M68.4M85.9M90.2M
Cash394.3M153.6M264.8M616M481.2M505.3M
Long Term Debt641.1M704.5M706M695M706.4M381.5M
Inventory(10.4M)(26.9M)(40.3M)1.00.90.86
Other Current Assets10.4M25.8M28.9M(641.7M)36.6M38.4M
Property Plant Equipment4.7M2.9M5.7M1.8B2.1B2.2B
Total Current Liabilities123M208.6M264.6M233.7M455.2M478.0M
Property Plant And Equipment Net1.1M2.9M5.7M5.9M7.1M6.7M
Cash And Short Term Investments394.3M153.6M264.8M616M481.2M505.3M
Net Receivables6.3M1.1M11.4M25.7M37.3M39.2M
Property Plant And Equipment Gross3.7M10.7M14.8M14.9M20.5M19.5M
Total Current Assets400.6M153.6M264.8M616M555.1M407.9M
Retained Earnings218.9M329.1M507.9M674.8M878.2M922.1M
Common Stock48.1M49.6M49.8M49.9M50.7M46.1M
Net Tangible Assets870.9M1.0B1.2B1.4B1.6B847.8M
Long Term Debt Total641.1M704.5M706M695M799.3M459.4M

Pair Trading with Forestar

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 Forestar 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 Forestar will appreciate offsetting losses from the drop in the long position's value.

Moving against Forestar Stock

  0.8IRS IRSA Inversiones YPairCorr
  0.72CBL CBL Associates PropertiesPairCorr
  0.72LRE Lead Real EstatePairCorr
  0.68FRPH Frp Holdings OrdPairCorr
  0.67ZG Zillow GroupPairCorr
The ability to find closely correlated positions to Forestar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Forestar 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 Forestar - 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 Forestar Group to buy it.
The correlation of Forestar 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 Forestar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forestar Group 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 Forestar 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 Matching

Additional Tools for Forestar Stock Analysis

When running Forestar's price analysis, check to measure Forestar'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 Forestar is operating at the current time. Most of Forestar's value examination focuses on studying past and present price action to predict the probability of Forestar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forestar's price. Additionally, you may evaluate how the addition of Forestar to your portfolios can decrease your overall portfolio volatility.