Wrap Change To Inventory vs Sale Purchase Of Stock Analysis

WRAP Stock  USD 2.06  0.05  2.37%   
Wrap Technologies financial indicator trend analysis is more than just analyzing Wrap Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wrap Technologies is a good investment. Please check the relationship between Wrap Technologies Change To Inventory and its Sale Purchase Of Stock accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrap Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in Wrap Stock, please use our How to Invest in Wrap Technologies guide.

Change To Inventory vs Sale Purchase Of Stock

JavaScript chart by amCharts 3.21.1520162018202020222024-2.4M-2.2M-2M-1.8M-1.6M-1.4M-1.2M-1M-800K-600K-400K-200K0200K400K600K 5M10M15M20M25M30M35M
JavaScript chart by amCharts 3.21.15Change To Inventorytotal: -5.9MSale Purchase Of Stocktotal: 72.7M

Change To Inventory vs Sale Purchase Of Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wrap Technologies Change To Inventory account and Sale Purchase Of Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
Change To InventorySale Purchase Of StockDiversified AwayChange To InventorySale Purchase Of StockDiversified Away100%
The correlation between Wrap Technologies' Change To Inventory and Sale Purchase Of Stock is -0.09. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Wrap Technologies, assuming nothing else is changed. The correlation between historical values of Wrap Technologies' Change To Inventory and Sale Purchase Of Stock 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 To Inventory of Wrap Technologies are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Change To Inventory i.e., Wrap Technologies' Change To Inventory and Sale Purchase Of Stock go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Sale Purchase Of Stock

Most indicators from Wrap Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wrap 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrap Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in Wrap Stock, please use our How to Invest in Wrap Technologies guide.As of 01/11/2025, Enterprise Value is likely to grow to about 129.7 M, while Selling General Administrative is likely to drop slightly above 11 M.
 2022 2023 2024 2025 (projected)
Other Operating Expenses25.8M24.9M28.6M17.8M
Depreciation And Amortization863K823K946.5K993.8K

Wrap Technologies fundamental ratios Correlations

0.420.470.811.00.6-0.54-0.720.950.620.640.460.770.950.930.90.450.880.890.870.470.560.990.930.840.74
0.421.0-0.180.40.970.17-0.860.470.010.950.980.680.180.590.60.990.730.50.761.00.980.330.620.67-0.29
0.471.0-0.120.440.980.14-0.880.520.040.960.990.70.240.630.641.00.770.540.81.00.990.380.660.71-0.23
0.81-0.18-0.120.830.04-0.71-0.230.720.680.1-0.120.410.930.610.58-0.150.490.640.46-0.12-0.020.870.60.490.99
1.00.40.440.830.57-0.57-0.690.930.650.610.430.750.960.910.880.420.860.880.840.440.530.990.910.810.76
0.60.970.980.040.570.06-0.950.660.120.990.980.750.370.740.750.970.870.670.890.981.00.510.770.83-0.08
-0.540.170.14-0.71-0.570.060.0-0.31-0.980.050.15-0.28-0.67-0.4-0.420.13-0.21-0.19-0.20.140.11-0.6-0.39-0.19-0.68
-0.72-0.86-0.88-0.23-0.69-0.950.0-0.82-0.15-0.97-0.91-0.79-0.49-0.86-0.87-0.88-0.95-0.79-0.96-0.88-0.93-0.64-0.88-0.91-0.12
0.950.470.520.720.930.66-0.31-0.820.390.710.540.720.840.940.910.50.930.960.920.520.620.920.940.920.65
0.620.010.040.680.650.12-0.98-0.150.390.120.030.410.720.50.530.050.350.270.340.040.070.670.50.310.64
0.640.950.960.10.610.990.05-0.970.710.120.970.790.420.780.780.960.910.710.920.960.990.560.810.85-0.02
0.460.980.99-0.120.430.980.15-0.910.540.030.970.730.220.650.660.990.790.520.810.990.980.370.680.72-0.23
0.770.680.70.410.750.75-0.28-0.790.720.410.790.730.640.770.750.690.830.590.840.70.710.730.790.670.33
0.950.180.240.930.960.37-0.67-0.490.840.720.420.220.640.770.760.210.730.780.710.230.330.980.780.690.88
0.930.590.630.610.910.74-0.4-0.860.940.50.780.650.770.770.980.620.930.890.930.630.70.881.00.90.51
0.90.60.640.580.880.75-0.42-0.870.910.530.780.660.750.760.980.640.930.850.920.640.710.850.980.90.47
0.450.991.0-0.150.420.970.13-0.880.50.050.960.990.690.210.620.640.760.510.781.00.980.350.660.69-0.26
0.880.730.770.490.860.87-0.21-0.950.930.350.910.790.830.730.930.930.760.891.00.770.840.830.950.960.39
0.890.50.540.640.880.67-0.19-0.790.960.270.710.520.590.780.890.850.510.890.870.540.640.860.890.910.57
0.870.760.80.460.840.89-0.2-0.960.920.340.920.810.840.710.930.920.781.00.870.80.860.820.950.960.36
0.471.01.0-0.120.440.980.14-0.880.520.040.960.990.70.230.630.641.00.770.540.80.990.380.660.71-0.24
0.560.980.99-0.020.531.00.11-0.930.620.070.990.980.710.330.70.710.980.840.640.860.990.470.740.8-0.13
0.990.330.380.870.990.51-0.6-0.640.920.670.560.370.730.980.880.850.350.830.860.820.380.470.880.790.81
0.930.620.660.60.910.77-0.39-0.880.940.50.810.680.790.781.00.980.660.950.890.950.660.740.880.910.5
0.840.670.710.490.810.83-0.19-0.910.920.310.850.720.670.690.90.90.690.960.910.960.710.80.790.910.39
0.74-0.29-0.230.990.76-0.08-0.68-0.120.650.64-0.02-0.230.330.880.510.47-0.260.390.570.36-0.24-0.130.810.50.39
Click cells to compare fundamentals

Wrap Technologies Account Relationship Matchups

Wrap Technologies fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets48.8M44.2M30.6M28.5M32.8M26.6M
Other Current Liab970.7K851K1.3M19.7M21.1M22.2M
Total Current Liabilities2.3M2.9M3.2M23.5M27.1M28.4M
Total Stockholder Equity46.4M41.3M27.1M3.2M3.6M3.5M
Net Tangible Assets19.0M45.0M39.3M24.5M28.2M22.5M
Property Plant And Equipment Net496K1.0M1.0M2.8M3.2M3.3M
Net Debt(16.3M)(4.9M)(5.0M)(1.7M)(1.9M)(2.0M)
Retained Earnings(25.3M)(49.8M)(67.4M)(98.0M)(88.2M)(83.8M)
Accounts Payable1.2M1.8M1.4M1.1M1.3M896.9K
Cash16.6M4.9M5.3M4.0M3.6M6.0M
Non Current Assets Total1.9M3.0M3.7M7.3M8.4M8.8M
Non Currrent Assets Other13K9K100K251K288.7K303.1K
Other Assets12.7K151.8K9K100K115K120.8K
Cash And Short Term Investments41.6M34.9M19.3M11.5M13.2M19.2M
Common Stock Total Equity2.7K3.0K3.8K4K4.6K3.2K
Common Stock Shares Outstanding33.8M39.3M41.2M43.9M42.3M34.5M
Liabilities And Stockholders Equity48.8M44.2M30.6M28.5M32.8M26.0M
Non Current Liabilities Total79K110K360K1.8M2.1M2.2M
Capital Surpluse16.8M31.9M71.7M94.3M108.5M113.9M
Inventory2.7M1.6M4.0M5.8M6.7M7.0M
Other Current Assets760K1.7M775K953K1.1M682.3K
Other Stockholder Equity71.7M91.0M94.3M99.1M114.0M119.7M
Total Liab2.4M3.0M3.5M25.3M29.1M30.6M
Property Plant And Equipment Gross496.4K1.5M1.0M4.2M4.8M5.0M
Total Current Assets46.9M41.2M26.9M21.2M24.4M23.6M
Accumulated Other Comprehensive Income(72.7K)14.8K(6K)94K108.1K113.5K
Common Stock2.7K3.0K3.8K4K4.6K3.5K
Property Plant Equipment503.8K357.3K1.0M758K871.7K915.3K
Net Invested Capital46.4M41.3M27.1M1.1M1.3M1.3M
Net Working Capital44.6M38.4M23.7M(2.3M)(2.6M)(2.5M)
Net Receivables1.9M3.9M2.8M3.0M3.5M2.3M
Capital Stock3.0K3.8K4K2.0M2.3M2.4M
Intangible Assets1.4M2.0M2.6M2.6M2.4M2.3M
Short Long Term Debt Total369K56K301K2.3M2.6M2.8M
Current Deferred Revenue18K198K166K407K468.1K249.8K
Short Term Investments25.0M30.0M13.9M7.5M6.8M11.2M
Capital Lease Obligations150.0K56K301K2.3M2.6M2.8M
Short Term Debt94K112K216K616K708.4K743.8K

Pair Trading with Wrap Technologies

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 Wrap Technologies 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 Wrap Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving against Wrap Stock

  0.42KNW Know LabsPairCorr
  0.38GNSS GenasysPairCorr
  0.36ST Sensata TechnologiesPairCorr
  0.32ITRI Itron IncPairCorr
The ability to find closely correlated positions to Wrap Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wrap Technologies 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 Wrap Technologies - 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 Wrap Technologies to buy it.
The correlation of Wrap Technologies 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 Wrap Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wrap Technologies 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 Wrap Technologies 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 Wrap Stock Analysis

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