Xtract Other Current Liab vs Total Liab Analysis

XTRA Stock   0.48  0.06  11.11%   
Xtract One financial indicator trend analysis is more than just analyzing Xtract One Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xtract One Technologies is a good investment. Please check the relationship between Xtract One Other Current Liab and its Total Liab accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xtract One 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 board of governors.

Other Current Liab vs Total Liab

Other Current Liab vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xtract One Technologies Other Current Liab account and Total Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Xtract One's Other Current Liab and Total Liab is -0.07. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Liab in the same time period over historical financial statements of Xtract One Technologies, assuming nothing else is changed. The correlation between historical values of Xtract One's Other Current Liab and Total Liab 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 Current Liab of Xtract One Technologies are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Other Current Liab i.e., Xtract One's Other Current Liab and Total Liab go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Liab

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Xtract One's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xtract One 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 Xtract One 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 board of governors.
As of the 12th of December 2024, Enterprise Value is likely to grow to about 145.4 M, while Selling General Administrative is likely to drop about 5.6 M.

Xtract One fundamental ratios Correlations

-0.180.431.00.64-0.86-0.380.540.870.83-0.690.860.750.630.180.550.480.90.620.580.020.320.63-0.650.460.81
-0.18-0.05-0.18-0.140.120.13-0.06-0.12-0.170.41-0.14-0.19-0.110.27-0.14-0.07-0.15-0.160.020.01-0.15-0.190.18-0.04-0.19
0.43-0.050.380.93-0.24-0.950.980.30.43-0.690.250.50.94-0.570.960.990.330.960.850.660.880.89-0.88-0.290.79
1.0-0.180.380.61-0.87-0.330.490.880.82-0.670.880.730.60.210.50.430.910.570.54-0.010.260.58-0.610.50.78
0.64-0.140.930.61-0.37-0.920.930.420.69-0.790.370.750.97-0.40.970.960.460.980.850.520.860.95-0.95-0.210.92
-0.860.12-0.24-0.87-0.370.16-0.38-1.0-0.460.51-0.97-0.43-0.42-0.18-0.33-0.24-0.96-0.39-0.460.05-0.1-0.350.47-0.79-0.62
-0.380.13-0.95-0.33-0.920.16-0.93-0.21-0.440.72-0.16-0.61-0.930.56-0.97-0.95-0.25-0.95-0.81-0.53-0.93-0.90.90.4-0.77
0.54-0.060.980.490.93-0.38-0.930.430.48-0.730.380.570.95-0.480.960.980.450.960.870.560.860.88-0.91-0.160.86
0.87-0.120.30.880.42-1.0-0.210.430.49-0.550.970.460.470.140.380.30.970.450.490.010.150.4-0.520.760.66
0.83-0.170.430.820.69-0.46-0.440.480.49-0.570.440.870.580.170.540.520.510.590.470.010.450.71-0.650.10.79
-0.690.41-0.69-0.67-0.790.510.72-0.73-0.55-0.57-0.57-0.68-0.820.5-0.8-0.71-0.63-0.82-0.68-0.31-0.61-0.750.780.02-0.76
0.86-0.140.250.880.37-0.97-0.160.380.970.44-0.570.410.450.170.340.260.990.410.47-0.010.050.33-0.420.690.57
0.75-0.190.50.730.75-0.43-0.610.570.460.87-0.680.410.70.070.680.570.490.70.490.060.60.74-0.79-0.020.82
0.63-0.110.940.60.97-0.42-0.930.950.470.58-0.820.450.7-0.430.990.950.530.990.880.550.830.91-0.93-0.180.87
0.180.27-0.570.21-0.4-0.180.56-0.480.140.170.50.170.07-0.43-0.49-0.520.14-0.46-0.39-0.56-0.53-0.380.370.39-0.21
0.55-0.140.960.50.97-0.33-0.970.960.380.54-0.80.340.680.99-0.490.970.430.990.840.580.890.92-0.95-0.260.86
0.48-0.070.990.430.96-0.24-0.950.980.30.52-0.710.260.570.95-0.520.970.330.970.850.620.890.92-0.9-0.310.83
0.9-0.150.330.910.46-0.96-0.250.450.970.51-0.630.990.490.530.140.430.330.490.530.020.140.42-0.50.640.64
0.62-0.160.960.570.98-0.39-0.950.960.450.59-0.820.410.70.99-0.460.990.970.490.840.560.860.94-0.95-0.20.89
0.580.020.850.540.85-0.46-0.810.870.490.47-0.680.470.490.88-0.390.840.850.530.840.510.780.85-0.78-0.060.75
0.020.010.66-0.010.520.05-0.530.560.010.01-0.31-0.010.060.55-0.560.580.620.020.560.510.580.5-0.43-0.330.33
0.32-0.150.880.260.86-0.1-0.930.860.150.45-0.610.050.60.83-0.530.890.890.140.860.780.580.92-0.88-0.360.76
0.63-0.190.890.580.95-0.35-0.90.880.40.71-0.750.330.740.91-0.380.920.920.420.940.850.50.92-0.93-0.180.9
-0.650.18-0.88-0.61-0.950.470.9-0.91-0.52-0.650.78-0.42-0.79-0.930.37-0.95-0.9-0.5-0.95-0.78-0.43-0.88-0.930.05-0.96
0.46-0.04-0.290.5-0.21-0.790.4-0.160.760.10.020.69-0.02-0.180.39-0.26-0.310.64-0.2-0.06-0.33-0.36-0.180.050.15
0.81-0.190.790.780.92-0.62-0.770.860.660.79-0.760.570.820.87-0.210.860.830.640.890.750.330.760.9-0.960.15
Click cells to compare fundamentals

Xtract One Account Relationship Matchups

Xtract One fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets66.0M49.4M18.1M19.0M21.8M22.4M
Total Current Liabilities3.2M1.9M3.2M4.1M4.8M5.0M
Total Stockholder Equity62.2M46.8M14.5M14.7M17.0M20.7M
Property Plant And Equipment Net2.5M2.4M2.1M2.4M2.7M2.8M
Net Debt(21.4M)(8.7M)(5.6M)(8.0M)(7.2M)(7.5M)
Retained Earnings(62.9M)(79.4M)(119.2M)(135.5M)(122.0M)(115.9M)
Accounts Payable2.3M1.3M2.6M2.5M2.9M3.0M
Cash22.4M9.7M6.3M8.3M9.6M10.3M
Non Current Assets Total35.5M34.7M8.1M7.2M8.3M8.7M
Cash And Short Term Investments26.4M9.7M6.3M8.3M9.6M11.9M
Net Receivables1.6M3.3M1.9M847.4K974.5K833.9K
Common Stock Shares Outstanding148.7M150.7M155.7M176.7M203.2M213.3M
Liabilities And Stockholders Equity66.0M49.4M18.1M19.0M21.8M22.4M
Other Stockholder Equity10.5M11.7M13.9M14.4M16.6M17.4M
Total Liab3.8M2.6M3.5M4.3M4.9M5.1M
Total Current Assets30.5M14.7M9.9M11.8M13.6M13.7M
Other Current Assets956.6K355.6K668.7K1.0M1.2M654.1K
Long Term Debt Total595.2K677.3K356.8K124.4K143.0K275.6K
Capital Surpluse10.5M11.7M13.9M14.4M16.6M11.1M
Inventory1.5M1.5M1.1M1.6M1.8M1.1M
Short Term Debt418.2K308.6K320.4K232.5K267.4K201.1K
Property Plant Equipment2.5M2.4M2.1M2.4M2.7M1.8M
Intangible Assets7.4M6.5M5.6M4.8M5.6M5.9M

Pair Trading with Xtract One

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 Xtract One 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 Xtract One will appreciate offsetting losses from the drop in the long position's value.

Moving against Xtract Stock

  0.64MSFT Microsoft Corp CDRPairCorr
  0.38AAPL Apple Inc CDRPairCorr
  0.35AMZN Amazon CDRPairCorr
The ability to find closely correlated positions to Xtract One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtract One 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 Xtract One - 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 Xtract One Technologies to buy it.
The correlation of Xtract One 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 Xtract One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtract One 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 Xtract One 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

Other Information on Investing in Xtract Stock

Balance Sheet is a snapshot of the financial position of Xtract One Technologies at a specified time, usually calculated after every quarter, six months, or one year. Xtract One Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xtract One and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Xtract currently owns. An asset can also be divided into two categories, current and non-current.