SXTP Change In Working Capital from 2010 to 2026
| SXTP Stock | 0.52 0.01 1.96% |
Change In Working Capital | First Reported 2010-12-31 | Previous Quarter 173.5 K | Current Value 164.8 K | Quarterly Volatility 1 M |
Check 60 Degrees financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among 60 Degrees' main balance sheet or income statement drivers, such as Tax Provision of 430, Depreciation And Amortization of 75.4 K or Interest Expense of 6.8 K, as well as many indicators such as Price To Sales Ratio of 5.27, Dividend Yield of 0.0 or PTB Ratio of 0.69. SXTP financial statements analysis is a perfect complement when working with 60 Degrees Valuation or Volatility modules.
SXTP | Change In Working Capital | Build AI portfolio with SXTP Stock |
Latest 60 Degrees' Change In Working Capital Growth Pattern
Below is the plot of the Change In Working Capital of 60 Degrees Pharmaceuticals over the last few years. It is 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. 60 Degrees' Change In Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in 60 Degrees' overall financial position and show how it may be relating to other accounts over time.
| Change In Working Capital | 10 Years Trend |
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Change In Working Capital |
| Timeline |
SXTP Change In Working Capital Regression Statistics
| Arithmetic Mean | 1,990,736 | |
| Geometric Mean | 1,415,790 | |
| Coefficient Of Variation | 51.83 | |
| Mean Deviation | 826,662 | |
| Median | 2,427,564 | |
| Standard Deviation | 1,031,792 | |
| Sample Variance | 1.1T | |
| Range | 3.1M | |
| R-Value | (0.63) | |
| Mean Square Error | 685.6B | |
| R-Squared | 0.40 | |
| Significance | 0.01 | |
| Slope | (128,624) | |
| Total Sum of Squares | 17T |
SXTP Change In Working Capital History
About 60 Degrees Financial Statements
60 Degrees shareholders use historical fundamental indicators, such as Change In Working Capital, to determine how well the company is positioned to perform in the future. Although 60 Degrees investors may analyze each financial statement separately, they are all interrelated. The changes in 60 Degrees' assets and liabilities, for example, are also reflected in the revenues and expenses on on 60 Degrees' 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 | ||
| Change In Working Capital | 173.5 K | 164.8 K |
Pair Trading with 60 Degrees
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 60 Degrees 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 60 Degrees will appreciate offsetting losses from the drop in the long position's value.Moving together with SXTP Stock
Moving against SXTP Stock
| 0.91 | VTRS | Viatris Aggressive Push | PairCorr |
| 0.91 | BMY | Bristol Myers Squibb | PairCorr |
| 0.9 | GSK | GlaxoSmithKline PLC ADR | PairCorr |
| 0.9 | MRK | Merck Company | PairCorr |
| 0.86 | JNJ | Johnson Johnson | PairCorr |
The ability to find closely correlated positions to 60 Degrees could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 60 Degrees 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 60 Degrees - 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 60 Degrees Pharmaceuticals to buy it.
The correlation of 60 Degrees 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 60 Degrees moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 60 Degrees Pharmaceu 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 60 Degrees 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 SXTP Stock Analysis
When running 60 Degrees' price analysis, check to measure 60 Degrees' 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 60 Degrees is operating at the current time. Most of 60 Degrees' value examination focuses on studying past and present price action to predict the probability of 60 Degrees' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 60 Degrees' price. Additionally, you may evaluate how the addition of 60 Degrees to your portfolios can decrease your overall portfolio volatility.