SHLS Stock | | | USD 4.41 0.16 3.50% |
Shoals Technologies financial indicator trend analysis is much more than just breaking down Shoals Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shoals Technologies is a good investment. Please check the relationship between Shoals Technologies Other Stockholder Equity and its Cash And Short Term Investments accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Shoals Technologies 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.
Other Stockholder Equity vs Cash And Short Term Investments
Other Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shoals Technologies Other Stockholder Equity account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shoals Technologies' Other Stockholder Equity and Cash And Short Term Investments is 0.63. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Shoals Technologies Group, assuming nothing else is changed. The correlation between historical values of Shoals Technologies' Other Stockholder Equity and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Shoals Technologies Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Stockholder Equity i.e., Shoals Technologies' Other Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Stockholder Equity
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Shoals Technologies balance sheet. This account contains Shoals Technologies investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Shoals Technologies Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Shoals Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shoals Technologies 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Shoals Technologies 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.
At this time, Shoals Technologies'
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 4.7
B in 2024, whereas
Tax Provision is likely to drop slightly above 4.2
M in 2024.
Shoals Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Shoals Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shoals Technologies fundamental ratios Accounts
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Additional Tools for Shoals Stock Analysis
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measure Shoals Technologies' 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 Shoals Technologies is operating at the current time. Most of Shoals Technologies' value examination focuses on studying past and present price action to
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