FingerMotion Income Quality from 2010 to 2024
| FNGR Stock | USD 1.90 0.16 7.77% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 2.18334119 | Current Value 2.29 | Quarterly Volatility 0.66567409 |
Check FingerMotion financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among FingerMotion's main balance sheet or income statement drivers, such as Interest Expense of 118.9 K, Selling General Administrative of 7.1 M or Total Revenue of 37.6 M, as well as many indicators such as Price To Sales Ratio of 3.7, Dividend Yield of 0.0 or PTB Ratio of 12.08. FingerMotion financial statements analysis is a perfect complement when working with FingerMotion Valuation or Volatility modules.
FingerMotion | Income Quality |
Latest FingerMotion's Income Quality Growth Pattern
Below is the plot of the Income Quality of FingerMotion over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. FingerMotion's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in FingerMotion's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
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Income Quality |
| Timeline |
FingerMotion Income Quality Regression Statistics
| Arithmetic Mean | 1.09 | |
| Geometric Mean | 0.75 | |
| Coefficient Of Variation | 61.07 | |
| Mean Deviation | 0.50 | |
| Median | 1.14 | |
| Standard Deviation | 0.67 | |
| Sample Variance | 0.44 | |
| Range | 2.2291 | |
| R-Value | 0.27 | |
| Mean Square Error | 0.44 | |
| R-Squared | 0.07 | |
| Significance | 0.33 | |
| Slope | 0.04 | |
| Total Sum of Squares | 6.20 |
FingerMotion Income Quality History
About FingerMotion Financial Statements
FingerMotion shareholders use historical fundamental indicators, such as Income Quality, to determine how well the company is positioned to perform in the future. Although FingerMotion investors may analyze each financial statement separately, they are all interrelated. The changes in FingerMotion's assets and liabilities, for example, are also reflected in the revenues and expenses on on FingerMotion'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 | ||
| Income Quality | 2.18 | 2.29 |
Pair Trading with FingerMotion
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 FingerMotion 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 FingerMotion will appreciate offsetting losses from the drop in the long position's value.Moving against FingerMotion Stock
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| 0.37 | SE | Sea | PairCorr |
| 0.31 | EA | Electronic Arts | PairCorr |
The ability to find closely correlated positions to FingerMotion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FingerMotion 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 FingerMotion - 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 FingerMotion to buy it.
The correlation of FingerMotion 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 FingerMotion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FingerMotion 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 FingerMotion 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 FingerMotion Stock Analysis
When running FingerMotion's price analysis, check to measure FingerMotion'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 FingerMotion is operating at the current time. Most of FingerMotion's value examination focuses on studying past and present price action to predict the probability of FingerMotion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FingerMotion's price. Additionally, you may evaluate how the addition of FingerMotion to your portfolios can decrease your overall portfolio volatility.