Independent Change In Cash vs Capital Expenditures Analysis

IBCP Stock  USD 38.12  0.32  0.85%   
Independent Bank financial indicator trend analysis is infinitely more than just investigating Independent Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independent Bank is a good investment. Please check the relationship between Independent Bank Change In Cash and its Capital Expenditures accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank. 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.
To learn how to invest in Independent Stock, please use our How to Invest in Independent Bank guide.

Change In Cash vs Capital Expenditures

Change In Cash vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independent Bank Change In Cash account and Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Independent Bank's Change In Cash and Capital Expenditures is -0.01. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Independent Bank, assuming nothing else is changed. The correlation between historical values of Independent Bank's Change In Cash and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Independent Bank are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change In Cash i.e., Independent Bank's Change In Cash and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.01
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change In Cash

Capital Expenditures

Capital Expenditures are funds used by Independent Bank to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Independent Bank operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Independent Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independent Bank 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 Independent Bank. 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.
To learn how to invest in Independent Stock, please use our How to Invest in Independent Bank guide.At this time, Independent Bank's Tax Provision is relatively stable compared to the past year. As of 12/11/2024, Issuance Of Capital Stock is likely to grow to about 103.7 K, while Selling General Administrative is likely to drop slightly above 51.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit199.0M204.6M294.6M309.3M
Total Revenue199.0M204.6M200.5M125.4M

Independent Bank fundamental ratios Correlations

-0.07-0.250.8-0.68-0.60.89-0.240.030.350.00.790.0-0.040.49-0.02-0.21-0.24-0.09-0.06-0.190.230.240.4-0.43-0.32
-0.070.920.180.390.770.030.750.45-0.290.37-0.470.550.84-0.270.820.280.730.870.00.620.430.39-0.640.780.72
-0.250.920.110.510.73-0.210.630.28-0.120.49-0.570.420.63-0.140.710.410.630.650.050.490.60.59-0.750.810.6
0.80.180.11-0.55-0.450.750.040.290.40.090.40.270.150.50.190.21-0.020.030.020.060.560.570.26-0.25-0.35
-0.680.390.51-0.550.64-0.810.08-0.320.040.32-0.730.220.22-0.260.52-0.060.010.270.49-0.040.180.19-0.650.690.69
-0.60.770.73-0.450.64-0.430.750.36-0.60.15-0.680.420.7-0.650.610.160.730.80.00.64-0.01-0.06-0.70.80.83
0.890.03-0.210.75-0.81-0.430.060.36-0.02-0.110.670.040.150.21-0.05-0.090.080.11-0.310.120.090.070.49-0.34-0.27
-0.240.750.630.040.080.750.060.87-0.7-0.17-0.490.630.78-0.580.530.470.930.86-0.240.980.03-0.04-0.40.520.5
0.030.450.280.29-0.320.360.360.87-0.63-0.46-0.220.620.59-0.470.310.490.740.64-0.260.93-0.06-0.140.010.130.13
0.35-0.29-0.120.40.04-0.6-0.02-0.7-0.630.30.24-0.12-0.470.88-0.13-0.02-0.73-0.560.41-0.720.550.620.02-0.25-0.44
0.00.370.490.090.320.15-0.11-0.17-0.460.3-0.08-0.410.190.310.25-0.060.05-0.010.13-0.360.480.53-0.370.420.19
0.79-0.47-0.570.4-0.73-0.680.67-0.49-0.220.24-0.08-0.42-0.410.4-0.41-0.4-0.4-0.42-0.22-0.41-0.17-0.140.48-0.71-0.47
0.00.550.420.270.220.420.040.630.62-0.12-0.41-0.420.56-0.260.670.260.350.680.250.650.230.18-0.30.310.4
-0.040.840.630.150.220.70.150.780.59-0.470.19-0.410.56-0.390.710.210.730.880.010.670.140.09-0.350.610.62
0.49-0.27-0.140.5-0.26-0.650.21-0.58-0.470.880.310.4-0.26-0.39-0.310.23-0.53-0.540.06-0.590.480.550.13-0.31-0.6
-0.020.820.710.190.520.61-0.050.530.31-0.130.25-0.410.670.71-0.310.020.370.750.440.420.320.32-0.50.570.77
-0.210.280.410.21-0.060.16-0.090.470.49-0.02-0.06-0.40.260.210.230.020.410.14-0.190.470.350.32-0.190.22-0.19
-0.240.730.63-0.020.010.730.080.930.74-0.730.05-0.40.350.73-0.530.370.410.79-0.450.880.01-0.06-0.420.530.44
-0.090.870.650.030.270.80.110.860.64-0.56-0.01-0.420.680.88-0.540.750.140.79-0.080.80.05-0.01-0.470.630.76
-0.060.00.050.020.490.0-0.31-0.24-0.260.410.13-0.220.250.010.060.44-0.19-0.45-0.08-0.30.260.29-0.160.110.18
-0.190.620.490.06-0.040.640.120.980.93-0.72-0.36-0.410.650.67-0.590.420.470.880.8-0.3-0.06-0.14-0.280.370.39
0.230.430.60.560.18-0.010.090.03-0.060.550.48-0.170.230.140.480.320.350.010.050.26-0.060.99-0.350.450.02
0.240.390.590.570.19-0.060.07-0.04-0.140.620.53-0.140.180.090.550.320.32-0.06-0.010.29-0.140.99-0.340.38-0.03
0.4-0.64-0.750.26-0.65-0.70.49-0.40.010.02-0.370.48-0.3-0.350.13-0.5-0.19-0.42-0.47-0.16-0.28-0.35-0.34-0.68-0.58
-0.430.780.81-0.250.690.8-0.340.520.13-0.250.42-0.710.310.61-0.310.570.220.530.630.110.370.450.38-0.680.76
-0.320.720.6-0.350.690.83-0.270.50.13-0.440.19-0.470.40.62-0.60.77-0.190.440.760.180.390.02-0.03-0.580.76
Click cells to compare fundamentals

Independent Bank Account Relationship Matchups

Independent Bank fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding23.2M22.2M21.8M21.3M21.2M12.5M
Total Assets3.6B4.2B4.7B5.0B5.3B5.5B
Total Stockholder Equity350.2M389.5M398.5M347.6M404.4M424.7M
Property Plant And Equipment Net38.4M36.1M36.4M35.9M40.4M42.1M
Net Debt62.4M(9.9M)(515K)151.7M(40.5M)(38.5M)
Retained Earnings1.6M40.1M74.6M119.4M159.1M167.1M
Cash65.7M118.7M109.5M74.4M169.8M100.5M
Non Current Assets Total609.6M1.2B1.5B1.3B5.1B5.3B
Non Currrent Assets Other(11.0M)(12.1M)(15.6M)(42.7M)4.8B5.1B
Other Assets2.3B1.8B1.6B2.8B(7.0M)(6.7M)
Cash And Short Term Investments584.1M1.2B1.5B853.7M169.5M324.7M
Liabilities And Stockholders Equity3.6B4.2B4.7B5.0B5.3B5.5B
Other Stockholder Equity214K10.0M501K(92.8M)(83.5M)(79.3M)
Total Liab3.2B108.8M109.0M4.7B4.9B5.1B
Property Plant And Equipment Gross38.4M36.1M151.0M153.9M156.3M164.1M
Total Current Assets626.8M1.3B1.6B982.6M169.5M161.0M
Short Long Term Debt Total156.7M110.5M110.6M226.1M129.3M188.7M
Other Current Liab(28.6M)1.2B1.6B(61M)2.7B2.8B
Total Current Liabilities28.6M1.2B1.6B61M2.7B2.8B
Net Receivables42.8M62.5M66.1M128.9M148.2M155.7M
Short Term Debt28.6M1.7M1.6M61M1.1M1.1M
Non Current Liabilities Total128.1M108.8M109.0M61M2.2B2.3B
Accumulated Other Comprehensive Income(3.8M)10.0M501K(92.8M)(72.1M)(68.5M)
Common Stock Total Equity352.3M339.4M323.4M321.0M369.1M196.7M
Common Stock352.3M339.4M323.4M321.0M317.5M205.8M
Other Liab670K780K880K1M900K855K
Accounts Payable3.0B3.6B4.1B4.4B5.0B2.5B
Long Term Debt128.1M108.8M109.0M165.1M129.3M113.6M
Inventory(77.6M)(131.8M)(122.6M)(91.3M)(82.2M)(78.1M)
Intangible Assets24.5M21.2M29.6M45.0M44.2M24.5M
Property Plant Equipment38.4M36.1M36.4M35.9M32.3M39.8M
Other Current Assets77.6M131.8M122.6M91.3M189.4M179.9M
Short Term Investments518.4M1.1B1.4B779.3M(300K)(285K)
Net Tangible Assets316.5M356.9M366.8M316.7M364.3M271.2M
Retained Earnings Total Equity1.6M40.1M74.6M119.4M137.3M144.1M
Long Term Debt Total128.1M108.8M109.0M165.1M189.9M199.4M
Long Term Investments2.8B2.8B1.4B1.2B1.0B1.9B
Non Current Liabilities Other49.7M68.3M80.2M108.0M124.2M130.4M

Pair Trading with Independent Bank

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

Moving together with Independent Stock

  0.98AX Axos FinancialPairCorr
  0.98BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr
  0.98PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr

Moving against Independent Stock

  0.73CFG-PE Citizens FinancialPairCorr
  0.64TFC-PR Truist FinancialPairCorr
  0.63TFC-PO Truist FinancialPairCorr
  0.37WF Woori Financial GroupPairCorr
The ability to find closely correlated positions to Independent Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Independent Bank 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 Independent Bank - 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 Independent Bank to buy it.
The correlation of Independent Bank 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 Independent Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Independent Bank 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 Independent Bank 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 Independent Stock Analysis

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