Currenc Average Receivables from 2010 to 2026
| CURR Stock | USD 1.59 0.10 5.92% |
Average Receivables | First Reported 2010-12-31 | Previous Quarter 37.3 M | Current Value 39.2 M | Quarterly Volatility 18.8 M |
Check Currenc Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Currenc Group's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.2 M, Interest Expense of 5 M or Selling General Administrative of 50.7 M, as well as many indicators such as Price To Sales Ratio of 1.62, Dividend Yield of 0.14 or Days Sales Outstanding of 101. Currenc financial statements analysis is a perfect complement when working with Currenc Group Valuation or Volatility modules.
Currenc | Average Receivables | Build AI portfolio with Currenc Stock |
Latest Currenc Group's Average Receivables Growth Pattern
Below is the plot of the Average Receivables of Currenc Group Ordinary over the last few years. It is Currenc Group's Average Receivables historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Currenc Group's overall financial position and show how it may be relating to other accounts over time.
| Average Receivables | 10 Years Trend |
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Average Receivables |
| Timeline |
Currenc Average Receivables Regression Statistics
| Arithmetic Mean | 15,174,829 | |
| Geometric Mean | 688,162 | |
| Coefficient Of Variation | 123.83 | |
| Mean Deviation | 17,783,168 | |
| Median | 67,328 | |
| Standard Deviation | 18,791,431 | |
| Sample Variance | 353.1T | |
| Range | 41.5M | |
| R-Value | 0.87 | |
| Mean Square Error | 90.9T | |
| R-Squared | 0.76 | |
| Slope | 3,241,430 | |
| Total Sum of Squares | 5649.9T |
Currenc Average Receivables History
About Currenc Group Financial Statements
Currenc Group shareholders use historical fundamental indicators, such as Average Receivables, to determine how well the company is positioned to perform in the future. Although Currenc Group investors may analyze each financial statement separately, they are all interrelated. The changes in Currenc Group's assets and liabilities, for example, are also reflected in the revenues and expenses on on Currenc Group's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Average Receivables | 37.3 M | 39.2 M |
Pair Trading with Currenc Group
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 Currenc Group 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 Currenc Group will appreciate offsetting losses from the drop in the long position's value.Moving against Currenc Stock
| 0.75 | SEZL | Sezzle Inc | PairCorr |
| 0.67 | EVTC | Evertec | PairCorr |
| 0.56 | GPN | Global Payments | PairCorr |
| 0.55 | FIS | Fidelity National | PairCorr |
| 0.53 | MA | Mastercard | PairCorr |
The ability to find closely correlated positions to Currenc Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Currenc Group 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 Currenc Group - 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 Currenc Group Ordinary to buy it.
The correlation of Currenc Group 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 Currenc Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Currenc Group Ordinary 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 Currenc Group 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 Currenc Stock Analysis
When running Currenc Group's price analysis, check to measure Currenc Group'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 Currenc Group is operating at the current time. Most of Currenc Group's value examination focuses on studying past and present price action to predict the probability of Currenc Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Currenc Group's price. Additionally, you may evaluate how the addition of Currenc Group to your portfolios can decrease your overall portfolio volatility.