SurgLine Average Inventory from 2010 to 2026
| SGLN Stock | USD 0.0001 0.00 0.000003% |
Average Inventory | First Reported 2010-12-31 | Previous Quarter 7.6 K | Current Value 7.2 K | Quarterly Volatility 263.7 K |
Check SurgLine International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SurgLine International's main balance sheet or income statement drivers, such as Interest Expense of 0.0, Selling General Administrative of 1.5 M or Total Revenue of 137.2 K, as well as many indicators such as Price To Sales Ratio of 30.34, Dividend Yield of 0.0 or Days Sales Outstanding of 222. SurgLine financial statements analysis is a perfect complement when working with SurgLine International Valuation or Volatility modules.
SurgLine | Average Inventory | Build AI portfolio with SurgLine Stock |
Evaluating SurgLine International's Average Inventory across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into SurgLine International's fundamental strength.
Latest SurgLine International's Average Inventory Growth Pattern
Below is the plot of the Average Inventory of SurgLine International over the last few years. It is the average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels. SurgLine International's Average Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in SurgLine International's overall financial position and show how it may be relating to other accounts over time.
| Average Inventory | 10 Years Trend |
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Average Inventory |
| Timeline |
SurgLine Average Inventory Regression Statistics
| Arithmetic Mean | 70,645 | |
| Geometric Mean | 9,009 | |
| Coefficient Of Variation | 373.33 | |
| Mean Deviation | 120,407 | |
| Median | 6,580 | |
| Standard Deviation | 263,739 | |
| Sample Variance | 69.6B | |
| Range | 1.1M | |
| R-Value | (0.41) | |
| Mean Square Error | 61.9B | |
| R-Squared | 0.17 | |
| Significance | 0.10 | |
| Slope | (21,295) | |
| Total Sum of Squares | 1.1T |
SurgLine Average Inventory History
About SurgLine International Financial Statements
SurgLine International investors utilize fundamental indicators, such as Average Inventory, to predict how SurgLine Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Average Inventory | 7.6 K | 7.2 K |
Pair Trading with SurgLine International
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 SurgLine International 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 SurgLine International will appreciate offsetting losses from the drop in the long position's value.Moving together with SurgLine Stock
Moving against SurgLine Stock
The ability to find closely correlated positions to SurgLine International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SurgLine International 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 SurgLine International - 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 SurgLine International to buy it.
The correlation of SurgLine International 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 SurgLine International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SurgLine International 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 SurgLine International 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.Check out the analysis of SurgLine International Correlation against competitors. To learn how to invest in SurgLine Stock, please use our How to Invest in SurgLine International guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Will Health Care Equipment & Supplies sector continue expanding? Could SurgLine diversify its offerings? Factors like these will boost the valuation of SurgLine International. If investors know SurgLine will grow in the future, the company's valuation will be higher. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every SurgLine International data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
The market value of SurgLine International is measured differently than its book value, which is the value of SurgLine that is recorded on the company's balance sheet. Investors also form their own opinion of SurgLine International's value that differs from its market value or its book value, called intrinsic value, which is SurgLine International's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because SurgLine International's market value can be influenced by many factors that don't directly affect SurgLine International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SurgLine International's value and its price as these two are different measures arrived at by different means. Investors typically determine if SurgLine International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, SurgLine International's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.