Forestar Property Plant Equipment vs Retained Earnings 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 Property Plant Equipment and its Retained Earnings 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.
Property Plant Equipment vs Retained Earnings
Property Plant Equipment vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forestar Group Property Plant Equipment account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Forestar's Property Plant Equipment and Retained Earnings is 0.9. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Retained Earnings 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 Property Plant Equipment and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Forestar Group are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Property Plant Equipment i.e., Forestar's Property Plant Equipment and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant Equipment
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.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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Forestar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Forestar fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 2.1B | 2.3B | 2.5B | 2.8B | 3.0B | |
Short Long Term Debt Total | 714.9M | 759.9M | 741.1M | 830.5M | 716.6M | 391.6M | |
Total Stockholder Equity | 870.9M | 1.0B | 1.2B | 1.4B | 1.6B | 1.7B | |
Net Debt | 246.8M | 550.9M | 441.2M | 79M | 235.4M | 183.2M | |
Non Current Assets Total | 1.3B | 1.9B | 2.1B | 1.9B | 7.1M | 6.7M | |
Non Currrent Assets Other | 1.3B | 1.9B | 2.1B | 1.8B | (7.1M) | (6.7M) | |
Other Assets | 1M | 2.1B | 2.1B | 1.8B | 2.3B | 2.4B | |
Common Stock Shares Outstanding | 48.1M | 49.0M | 49.8M | 50.1M | 50.8M | 44.4M | |
Liabilities And Stockholders Equity | 1.7B | 2.1B | 2.3B | 2.5B | 2.8B | 3.0B | |
Non Current Liabilities Total | 745.1M | 877.2M | 879.1M | 867.1M | 789.8M | 434.1M | |
Other Stockholder Equity | 386.9M | 636.2M | (1.1B) | 644.2M | 665.2M | 698.5M | |
Total Liab | 868.1M | 1.1B | 1.1B | 1.1B | 1.2B | 1.3B | |
Other Current Liab | 10.5M | 1.3M | 137.1M | 165.3M | 173.4M | 182.1M | |
Other Liab | 124M | 172.7M | 173.1M | 189.9M | 218.4M | 229.3M | |
Accounts Payable | 29.2M | 47.4M | 72.2M | 68.4M | 85.9M | 90.2M | |
Cash | 394.3M | 153.6M | 264.8M | 616M | 481.2M | 505.3M | |
Long Term Debt | 641.1M | 704.5M | 706M | 695M | 706.4M | 381.5M | |
Inventory | (10.4M) | (26.9M) | (40.3M) | 1.0 | 0.9 | 0.86 | |
Other Current Assets | 10.4M | 25.8M | 28.9M | (641.7M) | 36.6M | 38.4M | |
Property Plant Equipment | 4.7M | 2.9M | 5.7M | 1.8B | 2.1B | 2.2B | |
Total Current Liabilities | 123M | 208.6M | 264.6M | 233.7M | 455.2M | 478.0M | |
Property Plant And Equipment Net | 1.1M | 2.9M | 5.7M | 5.9M | 7.1M | 6.7M | |
Cash And Short Term Investments | 394.3M | 153.6M | 264.8M | 616M | 481.2M | 505.3M | |
Net Receivables | 6.3M | 1.1M | 11.4M | 25.7M | 37.3M | 39.2M | |
Property Plant And Equipment Gross | 3.7M | 10.7M | 14.8M | 14.9M | 20.5M | 19.5M | |
Total Current Assets | 400.6M | 153.6M | 264.8M | 616M | 555.1M | 407.9M | |
Retained Earnings | 218.9M | 329.1M | 507.9M | 674.8M | 878.2M | 922.1M | |
Common Stock | 48.1M | 49.6M | 49.8M | 49.9M | 50.7M | 46.1M | |
Net Tangible Assets | 870.9M | 1.0B | 1.2B | 1.4B | 1.6B | 847.8M | |
Long Term Debt Total | 641.1M | 704.5M | 706M | 695M | 799.3M | 459.4M |
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
0.8 | IRS | IRSA Inversiones Y | PairCorr |
0.72 | CBL | CBL Associates Properties | PairCorr |
0.72 | LRE | Lead Real Estate | PairCorr |
0.68 | FRPH | Frp Holdings Ord | PairCorr |
0.67 | ZG | Zillow Group | PairCorr |
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.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.