Idaho Days Of Inventory On Hand vs Ptb Ratio Analysis

IDR Stock

USD 10.19 0.29 2.93%

Idaho Strategic financial indicator trend analysis is infinitely more than just investigating Idaho Strategic Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Idaho Strategic Resources is a good investment. Please check the relationship between Idaho Strategic Days Of Inventory On Hand and its Ptb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Idaho Strategic Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Days Of Inventory On Hand vs Ptb Ratio

Days Of Inventory On Hand vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Idaho Strategic Resources Days Of Inventory On Hand account and Ptb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Idaho Strategic's Days Of Inventory On Hand and Ptb Ratio is -0.11. Overlapping area represents the amount of variation of Days Of Inventory On Hand that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Idaho Strategic Resources, assuming nothing else is changed. The correlation between historical values of Idaho Strategic's Days Of Inventory On Hand and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Of Inventory On Hand of Idaho Strategic Resources are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Days Of Inventory On Hand i.e., Idaho Strategic's Days Of Inventory On Hand and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Days Of Inventory On Hand

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Idaho Strategic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Idaho Strategic Resources 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 Idaho Strategic Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

At this time, Idaho Strategic's Selling General Administrative is relatively stable compared to the past year. As of 01/01/2025, Issuance Of Capital Stock is likely to grow to about 2.3 M, while Sales General And Administrative To Revenue is likely to drop 0.11.

	2022	2023	2024	2025 (projected)
Interest Expense	102.8K	44.2K	50.8K	53.3K
Depreciation And Amortization	996.8K	1.5M	1.7M	1.8M

Interest Expense Depreciation And Amortization

Idaho Strategic fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Retained Earnings	Intangible Assets	Accounts Payable	Other Current Assets	Inventory	Net Receivables	Short Term Investments	Current Deferred Revenue
Total Assets		0.79	0.26	0.79	0.98	1.0	-0.09	0.89	1.0	0.56	0.89	-0.67	0.96	0.71	0.8	0.96	0.81	0.99	-0.82	-0.67	0.8	0.88	0.94	0.96	-0.4	-0.39
Short Long Term Debt Total	0.79		0.29	0.78	0.72	0.8	0.35	0.73	0.8	0.57	0.72	-0.31	0.78	0.9	0.91	0.74	0.76	0.76	-0.83	-0.31	0.81	0.83	0.62	0.67	-0.36	-0.55
Other Current Liab	0.26	0.29		0.75	0.17	0.27	0.36	0.1	0.28	0.45	0.1	-0.19	0.29	0.32	0.55	0.18	0.62	0.23	-0.35	-0.19	0.25	0.15	0.25	0.24	-0.23	-0.34
Total Current Liabilities	0.79	0.78	0.75		0.71	0.8	0.29	0.62	0.81	0.66	0.62	-0.48	0.81	0.73	0.92	0.71	0.94	0.75	-0.78	-0.48	0.71	0.68	0.72	0.73	-0.4	-0.54
Total Stockholder Equity	0.98	0.72	0.17	0.71		0.97	-0.22	0.89	0.98	0.56	0.89	-0.7	0.93	0.61	0.71	0.97	0.75	0.97	-0.73	-0.7	0.74	0.85	0.96	0.98	-0.28	-0.37
Property Plant And Equipment Net	1.0	0.8	0.27	0.8	0.97		-0.03	0.85	1.0	0.54	0.85	-0.66	0.96	0.71	0.81	0.94	0.82	0.99	-0.85	-0.66	0.79	0.86	0.93	0.95	-0.44	-0.39
Net Debt	-0.09	0.35	0.36	0.29	-0.22	-0.03		-0.3	-0.04	0.14	-0.31	0.25	0.0	0.42	0.39	-0.27	0.26	-0.13	-0.22	0.25	0.1	0.04	-0.28	-0.22	-0.2	-0.43
Cash	0.89	0.73	0.1	0.62	0.89	0.85	-0.3		0.86	0.49	1.0	-0.58	0.81	0.71	0.72	0.97	0.62	0.86	-0.65	-0.58	0.77	0.88	0.84	0.82	-0.25	-0.28
Non Current Assets Total	1.0	0.8	0.28	0.81	0.98	1.0	-0.04	0.86		0.56	0.85	-0.67	0.96	0.71	0.81	0.94	0.82	0.99	-0.84	-0.67	0.79	0.87	0.93	0.95	-0.43	-0.4
Non Currrent Assets Other	0.56	0.57	0.45	0.66	0.56	0.54	0.14	0.49	0.56		0.48	-0.28	0.64	0.56	0.65	0.56	0.51	0.45	-0.39	-0.28	0.76	0.65	0.52	0.54	0.15	-0.84
Cash And Short Term Investments	0.89	0.72	0.1	0.62	0.89	0.85	-0.31	1.0	0.85	0.48		-0.58	0.81	0.71	0.72	0.97	0.62	0.86	-0.65	-0.58	0.76	0.88	0.84	0.82	-0.26	-0.28
Good Will	-0.67	-0.31	-0.19	-0.48	-0.7	-0.66	0.25	-0.58	-0.67	-0.28	-0.58		-0.63	-0.28	-0.4	-0.66	-0.56	-0.67	0.26	1.0	-0.35	-0.49	-0.74	-0.7	0.09	0.14
Common Stock Shares Outstanding	0.96	0.78	0.29	0.81	0.93	0.96	0.0	0.81	0.96	0.64	0.81	-0.63		0.71	0.81	0.9	0.78	0.93	-0.84	-0.63	0.83	0.84	0.91	0.92	-0.39	-0.52
Non Current Liabilities Total	0.71	0.9	0.32	0.73	0.61	0.71	0.42	0.71	0.71	0.56	0.71	-0.28	0.71		0.94	0.68	0.64	0.65	-0.74	-0.28	0.83	0.87	0.5	0.52	-0.39	-0.55
Total Liab	0.8	0.91	0.55	0.92	0.71	0.81	0.39	0.72	0.81	0.65	0.72	-0.4	0.81	0.94		0.75	0.84	0.75	-0.82	-0.4	0.84	0.84	0.64	0.66	-0.43	-0.58
Total Current Assets	0.96	0.74	0.18	0.71	0.97	0.94	-0.27	0.97	0.94	0.56	0.97	-0.66	0.9	0.68	0.75		0.72	0.94	-0.71	-0.66	0.78	0.88	0.93	0.93	-0.27	-0.35
Short Term Debt	0.81	0.76	0.62	0.94	0.75	0.82	0.26	0.62	0.82	0.51	0.62	-0.56	0.78	0.64	0.84	0.72		0.78	-0.73	-0.56	0.56	0.61	0.77	0.77	-0.35	-0.47
Common Stock	0.99	0.76	0.23	0.75	0.97	0.99	-0.13	0.86	0.99	0.45	0.86	-0.67	0.93	0.65	0.75	0.94	0.78		-0.84	-0.67	0.74	0.84	0.92	0.95	-0.48	-0.26
Retained Earnings	-0.82	-0.83	-0.35	-0.78	-0.73	-0.85	-0.22	-0.65	-0.84	-0.39	-0.65	0.26	-0.84	-0.74	-0.82	-0.71	-0.73	-0.84		0.26	-0.76	-0.73	-0.67	-0.72	0.73	0.29
Intangible Assets	-0.67	-0.31	-0.19	-0.48	-0.7	-0.66	0.25	-0.58	-0.67	-0.28	-0.58	1.0	-0.63	-0.28	-0.4	-0.66	-0.56	-0.67	0.26		-0.35	-0.49	-0.74	-0.7	0.09	0.14
Accounts Payable	0.8	0.81	0.25	0.71	0.74	0.79	0.1	0.77	0.79	0.76	0.76	-0.35	0.83	0.83	0.84	0.78	0.56	0.74	-0.76	-0.35		0.91	0.63	0.67	-0.37	-0.57
Other Current Assets	0.88	0.83	0.15	0.68	0.85	0.86	0.04	0.88	0.87	0.65	0.88	-0.49	0.84	0.87	0.84	0.88	0.61	0.84	-0.73	-0.49	0.91		0.72	0.77	-0.32	-0.46
Inventory	0.94	0.62	0.25	0.72	0.96	0.93	-0.28	0.84	0.93	0.52	0.84	-0.74	0.91	0.5	0.64	0.93	0.77	0.92	-0.67	-0.74	0.63	0.72		0.97	-0.23	-0.38
Net Receivables	0.96	0.67	0.24	0.73	0.98	0.95	-0.22	0.82	0.95	0.54	0.82	-0.7	0.92	0.52	0.66	0.93	0.77	0.95	-0.72	-0.7	0.67	0.77	0.97		-0.26	-0.35
Short Term Investments	-0.4	-0.36	-0.23	-0.4	-0.28	-0.44	-0.2	-0.25	-0.43	0.15	-0.26	0.09	-0.39	-0.39	-0.43	-0.27	-0.35	-0.48	0.73	0.09	-0.37	-0.32	-0.23	-0.26		-0.24
Current Deferred Revenue	-0.39	-0.55	-0.34	-0.54	-0.37	-0.39	-0.43	-0.28	-0.4	-0.84	-0.28	0.14	-0.52	-0.55	-0.58	-0.35	-0.47	-0.26	0.29	0.14	-0.57	-0.46	-0.38	-0.35	-0.24

Click cells to compare fundamentals

Idaho Strategic Account Relationship Matchups

Idaho Strategic fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	14.7M	17.9M	21.0M	23.9M	27.5M	28.8M
Short Long Term Debt Total	2.4M	3.9M	4.0M	2.3M	2.7M	2.8M
Other Current Liab	143.5K	174.1K	179.1K	266.7K	306.7K	322.0K
Total Current Liabilities	1.2M	1.5M	1.6M	1.7M	2.0M	2.1M
Total Stockholder Equity	8.3M	10.2M	14.9M	17.8M	20.4M	21.4M
Property Plant And Equipment Net	10.7M	14.1M	16.5M	18.1M	20.9M	21.9M
Net Debt	(138.9K)	1.9M	611.6K	29.7K	34.1K	32.4K
Cash	2.5M	2.0M	1.6M	2.3M	2.6M	2.8M
Non Current Assets Total	11.2M	15.0M	17.6M	19.4M	22.4M	23.5M
Non Currrent Assets Other	116.2K	115.0K	403.1K	536.4K	482.8K	506.9K
Cash And Short Term Investments	2.5M	2.0M	1.6M	2.3M	2.6M	2.8M
Common Stock Shares Outstanding	9.2M	10.2M	11.8M	12.3M	14.1M	14.8M
Liabilities And Stockholders Equity	14.7M	17.9M	21.0M	23.9M	27.5M	28.8M
Non Current Liabilities Total	2.2M	3.4M	1.6M	1.6M	1.9M	2.0M
Total Liab	3.4M	4.9M	3.3M	3.4M	3.9M	4.1M
Total Current Assets	3.4M	2.9M	3.4M	4.4M	5.1M	5.4M
Short Term Debt	378.5K	677.2K	871.6K	978.2K	1.1M	1.2M
Common Stock	21.0M	26.0M	33.2M	35.0M	40.2M	42.2M
Retained Earnings	(12.7M)	(15.8M)	(18.4M)	(17.2M)	(15.5M)	(14.7M)
Accounts Payable	687.3K	647.2K	579.5K	484.2K	556.9K	584.7K
Other Current Assets	224.1K	334.4K	192.0K	236.8K	272.4K	286.0K
Inventory	402.5K	213.7K	618.3K	876.7K	1.0M	1.1M
Net Receivables	269.0K	412.6K	911.9K	1.0M	1.2M	1.3M
Long Term Debt	2.0M	3.2M	3.1M	1.3M	1.5M	1.8M
Long Term Debt Total	1.1M	2.0M	3.2M	3.1M	3.5M	1.8M
Cash And Equivalents	217.8K	2.5M	2.0M	1.6M	1.9M	1.1M
Property Plant Equipment	9.4M	10.7M	14.1M	8.3M	9.5M	10.6M
Other Assets	128.3K	116.2K	115.0K	76.1K	87.5K	106.5K
Net Invested Capital	10.7M	14.0M	17.1M	20.1M	23.1M	13.9M
Short Long Term Debt	378.5K	677.2K	871.6K	978.2K	1.1M	643.5K
Capital Stock	21.0M	26.0M	33.2M	35.0M	40.2M	27.6M
Net Working Capital	2.2M	1.4M	1.7M	2.7M	3.1M	3.3M
Property Plant And Equipment Gross	12.9M	17.1M	20.1M	23.2M	26.7M	18.5M

Pair Trading with Idaho Strategic

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

Moving together with Idaho Stock

0.76	AG	First Majestic Silver	Pair Corr
0.88	AU	AngloGold Ashanti plc	Pair Corr
0.92	CE	Celanese	Pair Corr

Moving against Idaho Stock

0.71	WLKP	Westlake Chemical	Pair Corr
0.38	WS	Worthington Steel	Pair Corr

The ability to find closely correlated positions to Idaho Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Idaho Strategic 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 Idaho Strategic - 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 Idaho Strategic Resources to buy it.

The correlation of Idaho Strategic 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 Idaho Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Idaho Strategic Resources 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 Idaho Strategic 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 Correlation Correlation Matching

Additional Tools for Idaho Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC