Savoy Operating Income vs Total Current Assets Analysis
| SNVP Stock | USD 0.0001 0.00 0.00% |
Savoy Energy financial indicator trend analysis is much more than just breaking down Savoy Energy Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Savoy Energy Corp is a good investment. Please check the relationship between Savoy Energy Operating Income and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Savoy Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Operating Income vs Total Current Assets
Operating Income vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Savoy Energy Corp Operating Income account and Total Current Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Savoy Energy's Operating Income and Total Current Assets is -1.0. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Savoy Energy Corp, assuming nothing else is changed. The correlation between historical values of Savoy Energy's Operating Income and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Savoy Energy Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Operating Income i.e., Savoy Energy's Operating Income and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -1.0 |
| Relationship Direction | Negative |
| Relationship Strength | Strong |
Operating Income
Operating Income is the amount of profit realized from Savoy Energy Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Savoy Energy Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Savoy Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Savoy Energy Corp 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 Savoy Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. As of 12/23/2024, Selling General Administrative is likely to grow to about 741.6 K
Savoy Energy fundamental ratios Correlations
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Savoy Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Savoy Energy
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 Savoy Energy 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 Savoy Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Savoy Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Savoy Energy 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 Savoy Energy - 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 Savoy Energy Corp to buy it.
The correlation of Savoy Energy 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 Savoy Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Savoy Energy Corp 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 Savoy Energy 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 Savoy Stock Analysis
When running Savoy Energy's price analysis, check to measure Savoy Energy'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 Savoy Energy is operating at the current time. Most of Savoy Energy's value examination focuses on studying past and present price action to predict the probability of Savoy Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Savoy Energy's price. Additionally, you may evaluate how the addition of Savoy Energy to your portfolios can decrease your overall portfolio volatility.