Triller Change In Working Capital vs Stock Based Compensation Analysis
| ILLR Stock | 2.51 0.14 5.91% |
Triller financial indicator trend analysis is much more than just breaking down Triller Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Triller Group is a good investment. Please check the relationship between Triller Change In Working Capital and its Stock Based Compensation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Triller 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 bureau of economic analysis.
Change In Working Capital vs Stock Based Compensation
Change In Working Capital vs Stock Based Compensation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Triller Group Change In Working Capital account and Stock Based Compensation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Triller's Change In Working Capital and Stock Based Compensation is 0.86. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of Triller Group, assuming nothing else is changed. The correlation between historical values of Triller's Change In Working Capital and Stock Based Compensation 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 Working Capital of Triller Group are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Change In Working Capital i.e., Triller's Change In Working Capital and Stock Based Compensation go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Pair Trading with Triller
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 Triller 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 Triller will appreciate offsetting losses from the drop in the long position's value.Moving against Triller Stock
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| 0.57 | WK | Workiva | PairCorr |
| 0.56 | ZM | Zoom Video Communications | PairCorr |
The ability to find closely correlated positions to Triller could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Triller 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 Triller - 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 Triller Group to buy it.
The correlation of Triller 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 Triller moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Triller 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 Triller 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 Triller Stock Analysis
When running Triller's price analysis, check to measure Triller'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 Triller is operating at the current time. Most of Triller's value examination focuses on studying past and present price action to predict the probability of Triller's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Triller's price. Additionally, you may evaluate how the addition of Triller to your portfolios can decrease your overall portfolio volatility.