Zapp Change In Working Capital vs Issuance Of Capital Stock Analysis
ZAPP Stock | 1.55 0.02 1.27% |
Zapp Electric financial indicator trend analysis is more than just analyzing Zapp Electric Vehicles current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zapp Electric Vehicles is a good investment. Please check the relationship between Zapp Electric Change In Working Capital and its Issuance Of Capital Stock accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zapp Electric Vehicles. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Change In Working Capital vs Issuance Of Capital Stock
Change In Working Capital vs Issuance Of Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zapp Electric Vehicles Change In Working Capital account and Issuance Of Capital Stock. At this time, the significance of the direction appears to have no relationship.
The correlation between Zapp Electric's Change In Working Capital and Issuance Of Capital Stock is 0.08. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Issuance Of Capital Stock in the same time period over historical financial statements of Zapp Electric Vehicles, assuming nothing else is changed. The correlation between historical values of Zapp Electric's Change In Working Capital and Issuance Of Capital 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 In Working Capital of Zapp Electric Vehicles are associated (or correlated) with its Issuance Of Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Issuance Of Capital Stock has no effect on the direction of Change In Working Capital i.e., Zapp Electric's Change In Working Capital and Issuance Of Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
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.Issuance Of Capital Stock
Most indicators from Zapp Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zapp Electric Vehicles 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 Zapp Electric Vehicles. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. As of 12/12/2024, Enterprise Value is likely to grow to about 11.7 M, while Selling General Administrative is likely to drop 6,962.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 305.5K | 561.0K | 645.2K | 423.7K | Interest Income | 2.7K | 9.3K | 10.7K | 11.2K |
Zapp Electric fundamental ratios Correlations
Click cells to compare fundamentals
Zapp Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zapp Electric fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 325.7K | 1.4M | 1.2M | (19.8M) | (17.8M) | (16.9M) | |
Total Current Liabilities | 525.8K | 2.1M | 1.3M | 23.7M | 27.3M | 28.6M | |
Retained Earnings | (2.4M) | (4.0M) | (7.5M) | (229.6M) | (206.7M) | (196.3M) | |
Accounts Payable | 149.5K | 167.9K | 11.3K | 19.8M | 22.7M | 23.9M | |
Net Receivables | 14.4K | 39.8K | 115.1K | 865.5K | 995.3K | 1.0M | |
Other Stockholder Equity | 3.0M | 3.7M | 9.0M | 198.6M | 228.4M | 239.8M | |
Total Current Assets | 466.2K | 486.6K | 2.3M | 2.7M | 3.0M | 3.2M | |
Common Stock | 822.0 | 841.0 | 940.0 | 5.8K | 6.7K | 7.0K |
Pair Trading with Zapp Electric
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 Zapp Electric 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 Zapp Electric will appreciate offsetting losses from the drop in the long position's value.Moving together with Zapp Stock
Moving against Zapp Stock
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0.75 | WKHS | Workhorse Group | PairCorr |
0.6 | WKSP | Worksport | PairCorr |
The ability to find closely correlated positions to Zapp Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zapp Electric 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 Zapp Electric - 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 Zapp Electric Vehicles to buy it.
The correlation of Zapp Electric 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 Zapp Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zapp Electric Vehicles 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 Zapp Electric 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 Zapp Stock Analysis
When running Zapp Electric's price analysis, check to measure Zapp Electric'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 Zapp Electric is operating at the current time. Most of Zapp Electric's value examination focuses on studying past and present price action to predict the probability of Zapp Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zapp Electric's price. Additionally, you may evaluate how the addition of Zapp Electric to your portfolios can decrease your overall portfolio volatility.