Hongli Net Invested Capital vs Current Deferred Revenue Analysis
HLP Stock | 1.39 0.03 2.11% |
Hongli Group financial indicator trend analysis is much more than just examining Hongli Group Ordinary latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hongli Group Ordinary is a good investment. Please check the relationship between Hongli Group Net Invested Capital and its Current Deferred Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hongli Group Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Net Invested Capital vs Current Deferred Revenue
Net Invested Capital vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hongli Group Ordinary Net Invested Capital account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hongli Group's Net Invested Capital and Current Deferred Revenue is 0.71. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Hongli Group Ordinary, assuming nothing else is changed. The correlation between historical values of Hongli Group's Net Invested Capital and Current Deferred Revenue 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 Invested Capital of Hongli Group Ordinary are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Invested Capital i.e., Hongli Group's Net Invested Capital and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.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.Most indicators from Hongli Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hongli Group Ordinary 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hongli Group Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Hongli Group's Issuance Of Capital Stock is relatively stable compared to the past year. As of 12/12/2024, Enterprise Value Over EBITDA is likely to grow to 13.07, while Enterprise Value is likely to drop slightly above 22.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 537.5K | 244.0K | 643.0K | 451.7K | Depreciation And Amortization | 701.8K | 655.4K | 1.0M | 810.1K |
Hongli Group fundamental ratios Correlations
Click cells to compare fundamentals
Hongli Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Hongli Group
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 Hongli Group 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 Hongli Group will appreciate offsetting losses from the drop in the long position's value.Moving against Hongli Stock
0.79 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.75 | OR | Osisko Gold Ro | PairCorr |
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0.57 | DRD | DRDGOLD Limited ADR | PairCorr |
0.52 | RS | Reliance Steel Aluminum | PairCorr |
The ability to find closely correlated positions to Hongli Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hongli Group 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 Hongli Group - 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 Hongli Group Ordinary to buy it.
The correlation of Hongli Group 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 Hongli Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hongli Group Ordinary 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 Hongli Group 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 Hongli Stock Analysis
When running Hongli Group's price analysis, check to measure Hongli Group'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 Hongli Group is operating at the current time. Most of Hongli Group's value examination focuses on studying past and present price action to predict the probability of Hongli Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hongli Group's price. Additionally, you may evaluate how the addition of Hongli Group to your portfolios can decrease your overall portfolio volatility.