Zepp Long Term Investments vs Common Stock Total Equity Analysis
ZEPP Stock | USD 3.08 0.01 0.32% |
Zepp Health financial indicator trend analysis is more than just analyzing Zepp Health Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zepp Health Corp is a good investment. Please check the relationship between Zepp Health Long Term Investments and its Common Stock Total Equity accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zepp Health 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 american community survey.
Long Term Investments vs Common Stock Total Equity
Long Term Investments vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zepp Health Corp Long Term Investments account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zepp Health's Long Term Investments and Common Stock Total Equity is 0.73. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Zepp Health Corp, assuming nothing else is changed. The correlation between historical values of Zepp Health's Long Term Investments and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Zepp Health Corp are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Long Term Investments i.e., Zepp Health's Long Term Investments and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Investments
Long Term Investments is an item on the asset side of Zepp Health balance sheet that represents investments Zepp Health Corp intends to hold for over a year. Zepp Health Corp long term investments may include different instruments such as stocks, bonds, real estate and cash.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most indicators from Zepp Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zepp Health 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zepp Health 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 american community survey. As of 12/11/2024, Selling General Administrative is likely to grow to about 207.1 M, though Tax Provision is likely to grow to (15 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 803.1M | 657.8M | 903.0M | Total Revenue | 6.3B | 4.1B | 2.5B | 4.1B |
Zepp Health fundamental ratios Correlations
Click cells to compare fundamentals
Zepp Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zepp Health fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.2B | 5.9B | 6.1B | 5.3B | 636.5M | 604.7M | |
Short Long Term Debt Total | 111.3M | 680.9M | 1.3B | 1.7B | 196.1M | 186.3M | |
Other Current Liab | 402.1M | 1.9B | 1.4B | 638.2M | 949.0M | 708.9M | |
Total Current Liabilities | 2.5B | 2.8B | 2.2B | 1.7B | 1.1B | 1.6B | |
Total Stockholder Equity | 2.5B | 2.7B | 2.9B | 2.7B | 2.5B | 1.9B | |
Other Liab | 61.2M | 119.0M | 207.5M | 202.0M | 232.3M | 243.9M | |
Net Tangible Assets | 1.7B | 2.4B | 2.5B | 2.7B | 3.1B | 3.3B | |
Property Plant And Equipment Net | 173.0M | 275.8M | 242.3M | 166.2M | 15.8M | 15.0M | |
Current Deferred Revenue | 44.8M | 42.5M | 4.2M | 2.1M | 7.8M | 7.5M | |
Net Debt | (1.7B) | (1.6B) | (208.7M) | 797.7M | 62.2M | 65.3M | |
Retained Earnings | 910.6M | 1.1B | 1.3B | 942.8M | 730.7M | 675.6M | |
Accounts Payable | 2.0B | 298.7M | 206.7M | 464.3M | 44.5M | 42.2M | |
Cash | 1.8B | 2.3B | 1.5B | 886.6M | 133.9M | 127.2M | |
Non Current Assets Total | 782.3M | 1.1B | 2.2B | 2.3B | 319.3M | 303.3M | |
Non Currrent Assets Other | 8.8M | 28.2M | 19.6M | 56.7M | 45.1M | 47.4M | |
Other Assets | 111.5M | 148.4M | 19.6M | (1.9B) | (1.7B) | (1.7B) | |
Cash And Short Term Investments | 1.8B | 2.3B | 1.5B | 920.9M | 985.6M | 1.2B | |
Net Receivables | 1.6B | 1.2B | 825.8M | 802.4M | 466.5M | 842.3M | |
Common Stock Shares Outstanding | 64.0M | 65.1M | 66.1M | 61.6M | 15.2M | 14.4M | |
Short Term Investments | 17.2M | 23.4M | 24.4M | 34.3M | 36.6M | 37.4M | |
Liabilities And Stockholders Equity | 5.2B | 5.9B | 6.1B | 5.3B | 636.5M | 604.7M | |
Non Current Liabilities Total | 195.4M | 383.8M | 999.9M | 914.1M | 127.9M | 121.5M | |
Capital Lease Obligations | 109.2M | 116.2M | 71.1M | 31.7M | 50.2M | 46.2M | |
Inventory | 893.8M | 1.2B | 1.2B | 1.0B | 602.7M | 733.6M | |
Other Current Assets | 67.4M | 157.8M | 363.0M | 213.3M | 169.6M | 133.3M | |
Other Stockholder Equity | 1.5B | 1.6B | 1.1B | 144.7M | 1.7B | 1.8B | |
Total Liab | 2.7B | 3.2B | 3.2B | 2.6B | 283.2M | 269.1M | |
Long Term Investments | 406.1M | 444.0M | 1.6B | 1.7B | 1.7B | 1.8B | |
Property Plant And Equipment Gross | 173.0M | 275.8M | 242.3M | 166.2M | 260.8M | 146.7M | |
Short Long Term Debt | 2.2M | 504.7M | 461.8M | 968.4M | 487.6M | 307.0M | |
Total Current Assets | 4.4B | 4.8B | 3.9B | 3.0B | 2.2B | 2.9B | |
Accumulated Other Comprehensive Income | 111.1M | 44.6M | 29.3M | 105.8M | 13.6M | 12.9M | |
Non Current Liabilities Other | 113.6M | 185.2M | 175.1M | 162.6M | 1.9M | 1.8M | |
Short Term Debt | 35.0M | 512.0M | 511.9M | 554.3M | 96.3M | 91.5M | |
Intangible Assets | 85.8M | 145.2M | 135.6M | 123.3M | 9.9M | 9.4M | |
Common Stock | 155K | 157K | 159K | 162K | 23.1K | 22.0K |
Pair Trading with Zepp Health
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 Zepp Health 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 Zepp Health will appreciate offsetting losses from the drop in the long position's value.Moving against Zepp Stock
0.73 | EHGO | Eshallgo Class A | PairCorr |
0.7 | IONQ | IONQ Inc | PairCorr |
0.69 | CLS | Celestica | PairCorr |
0.61 | ELTK | Eltek | PairCorr |
0.56 | CTS | CTS Corporation | PairCorr |
The ability to find closely correlated positions to Zepp Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zepp Health 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 Zepp Health - 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 Zepp Health Corp to buy it.
The correlation of Zepp Health 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 Zepp Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zepp Health 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 Zepp Health 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 Zepp Stock Analysis
When running Zepp Health's price analysis, check to measure Zepp Health'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 Zepp Health is operating at the current time. Most of Zepp Health's value examination focuses on studying past and present price action to predict the probability of Zepp Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zepp Health's price. Additionally, you may evaluate how the addition of Zepp Health to your portfolios can decrease your overall portfolio volatility.