688391 Net Invested Capital vs Common Stock Shares Outstanding Analysis

688391 Stock

31.25 1.97 5.93%

Hi Trend financial indicator trend analysis is much more than just examining Hi Trend TechCo latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hi Trend TechCo is a good investment. Please check the relationship between Hi Trend Net Invested Capital and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hi Trend TechCo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Invested Capital vs Common Stock Shares Outstanding

Net Invested Capital vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hi Trend TechCo Net Invested Capital account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Hi Trend's Net Invested Capital and Common Stock Shares Outstanding is 0.97. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Hi Trend TechCo, assuming nothing else is changed. The correlation between historical values of Hi Trend's Net Invested Capital and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Hi Trend TechCo are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Invested Capital i.e., Hi Trend's Net Invested Capital and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Hi Trend's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hi Trend TechCo 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Hi Trend TechCo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 15.9 M, whereas Tax Provision is projected to grow to (11.2 M).

	2021	2022	2023	2024 (projected)
Interest Income	1.1M	8.1M	3.8M	3.8M
Net Interest Income	952.7K	7.9M	3.3M	3.5M

Interest Income Net Interest Income

Hi Trend fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Capital Lease Obligations	Short Long Term Debt	Non Current Liabilities Other
Total Assets		0.72	0.88	1.0	0.9	0.99	0.77	0.79	0.99	0.99	0.89	0.97	0.99	0.91	0.97	0.86	0.88	1.0	0.91	1.0	0.9	1.0	0.98	-0.97	0.99	-0.66
Other Current Liab	0.72		0.68	0.71	0.91	0.8	0.5	0.39	0.78	0.79	0.57	0.75	0.76	0.79	0.54	0.75	0.69	0.71	0.91	0.67	0.77	0.67	0.62	-0.72	0.73	-0.7
Total Current Liabilities	0.88	0.68		0.87	0.92	0.88	0.97	0.94	0.81	0.9	0.57	0.76	0.81	0.98	0.81	0.67	1.0	0.87	0.91	0.9	0.62	0.89	0.93	-0.86	0.83	-0.44
Total Stockholder Equity	1.0	0.71	0.87		0.89	0.99	0.75	0.78	0.99	0.99	0.9	0.97	0.99	0.9	0.97	0.86	0.87	1.0	0.9	0.99	0.91	1.0	0.97	-0.97	0.99	-0.66
Property Plant And Equipment Net	0.9	0.91	0.92	0.89		0.94	0.8	0.74	0.9	0.94	0.66	0.85	0.88	0.97	0.77	0.8	0.93	0.89	1.0	0.89	0.79	0.88	0.87	-0.88	0.88	-0.64
Retained Earnings	0.99	0.8	0.88	0.99	0.94		0.75	0.76	0.99	1.0	0.87	0.97	0.99	0.93	0.93	0.88	0.89	0.99	0.95	0.98	0.91	0.98	0.95	-0.96	0.98	-0.7
Accounts Payable	0.77	0.5	0.97	0.75	0.8	0.75		0.98	0.67	0.78	0.42	0.6	0.66	0.91	0.72	0.51	0.97	0.75	0.78	0.81	0.43	0.79	0.87	-0.75	0.7	-0.25
Cash	0.79	0.39	0.94	0.78	0.74	0.76	0.98		0.68	0.78	0.49	0.63	0.69	0.87	0.79	0.51	0.94	0.78	0.72	0.84	0.45	0.83	0.9	-0.76	0.73	-0.22
Non Current Assets Total	0.99	0.78	0.81	0.99	0.9	0.99	0.67	0.68		0.99	0.92	0.99	1.0	0.88	0.94	0.89	0.82	0.99	0.92	0.97	0.95	0.97	0.93	-0.95	0.99	-0.73
Non Currrent Assets Other	0.99	0.79	0.9	0.99	0.94	1.0	0.78	0.78	0.99		0.85	0.96	0.98	0.94	0.93	0.86	0.9	0.99	0.95	0.98	0.89	0.98	0.96	-0.96	0.98	-0.67
Net Receivables	0.89	0.57	0.57	0.9	0.66	0.87	0.42	0.49	0.92	0.85		0.96	0.93	0.63	0.92	0.87	0.58	0.9	0.7	0.87	0.96	0.88	0.8	-0.87	0.92	-0.76
Common Stock Shares Outstanding	0.97	0.75	0.76	0.97	0.85	0.97	0.6	0.63	0.99	0.96	0.96		0.99	0.82	0.94	0.92	0.76	0.97	0.88	0.95	0.98	0.95	0.9	-0.95	0.99	-0.78
Short Term Investments	0.99	0.76	0.81	0.99	0.88	0.99	0.66	0.69	1.0	0.98	0.93	0.99		0.86	0.95	0.89	0.81	0.99	0.9	0.97	0.95	0.98	0.93	-0.95	0.99	-0.72
Non Current Liabilities Total	0.91	0.79	0.98	0.9	0.97	0.93	0.91	0.87	0.88	0.94	0.63	0.82	0.86		0.82	0.73	0.99	0.9	0.97	0.92	0.71	0.91	0.93	-0.88	0.87	-0.52
Inventory	0.97	0.54	0.81	0.97	0.77	0.93	0.72	0.79	0.94	0.93	0.92	0.94	0.95	0.82		0.83	0.81	0.97	0.79	0.98	0.86	0.98	0.96	-0.95	0.97	-0.63
Other Current Assets	0.86	0.75	0.67	0.86	0.8	0.88	0.51	0.51	0.89	0.86	0.87	0.92	0.89	0.73	0.83		0.68	0.86	0.83	0.83	0.93	0.83	0.77	-0.94	0.93	-0.95
Total Liab	0.88	0.69	1.0	0.87	0.93	0.89	0.97	0.94	0.82	0.9	0.58	0.76	0.81	0.99	0.81	0.68		0.87	0.91	0.9	0.63	0.89	0.94	-0.86	0.84	-0.45
Net Invested Capital	1.0	0.71	0.87	1.0	0.89	0.99	0.75	0.78	0.99	0.99	0.9	0.97	0.99	0.9	0.97	0.86	0.87		0.91	0.99	0.91	1.0	0.97	-0.97	0.99	-0.66
Property Plant And Equipment Gross	0.91	0.91	0.91	0.9	1.0	0.95	0.78	0.72	0.92	0.95	0.7	0.88	0.9	0.97	0.79	0.83	0.91	0.91		0.9	0.82	0.89	0.88	-0.9	0.9	-0.68
Total Current Assets	1.0	0.67	0.9	0.99	0.89	0.98	0.81	0.84	0.97	0.98	0.87	0.95	0.97	0.92	0.98	0.83	0.9	0.99	0.9		0.86	1.0	0.99	-0.96	0.98	-0.61
Capital Stock	0.9	0.77	0.62	0.91	0.79	0.91	0.43	0.45	0.95	0.89	0.96	0.98	0.95	0.71	0.86	0.93	0.63	0.91	0.82	0.86		0.87	0.78	-0.89	0.94	-0.85
Net Working Capital	1.0	0.67	0.89	1.0	0.88	0.98	0.79	0.83	0.97	0.98	0.88	0.95	0.98	0.91	0.98	0.83	0.89	1.0	0.89	1.0	0.87		0.99	-0.96	0.98	-0.62
Intangible Assets	0.98	0.62	0.93	0.97	0.87	0.95	0.87	0.9	0.93	0.96	0.8	0.9	0.93	0.93	0.96	0.77	0.94	0.97	0.88	0.99	0.78	0.99		-0.94	0.94	-0.53
Capital Lease Obligations	-0.97	-0.72	-0.86	-0.97	-0.88	-0.96	-0.75	-0.76	-0.95	-0.96	-0.87	-0.95	-0.95	-0.88	-0.95	-0.94	-0.86	-0.97	-0.9	-0.96	-0.89	-0.96	-0.94		-0.99	0.79
Short Long Term Debt	0.99	0.73	0.83	0.99	0.88	0.98	0.7	0.73	0.99	0.98	0.92	0.99	0.99	0.87	0.97	0.93	0.84	0.99	0.9	0.98	0.94	0.98	0.94	-0.99		-0.76
Non Current Liabilities Other	-0.66	-0.7	-0.44	-0.66	-0.64	-0.7	-0.25	-0.22	-0.73	-0.67	-0.76	-0.78	-0.72	-0.52	-0.63	-0.95	-0.45	-0.66	-0.68	-0.61	-0.85	-0.62	-0.53	0.79	-0.76

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Hi Trend Account Relationship Matchups

Currently Active Assets on Macroaxis

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America
S	SentinelOne
WD	Walker Dunlop

Other Information on Investing in 688391 Stock

Balance Sheet is a snapshot of the financial position of Hi Trend TechCo at a specified time, usually calculated after every quarter, six months, or one year. Hi Trend Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hi Trend and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which 688391 currently owns. An asset can also be divided into two categories, current and non-current.

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688391 Net Invested Capital vs Common Stock Shares Outstanding Analysis

Net Invested Capital vs Common Stock Shares Outstanding

Net Invested Capital vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Net Invested Capital

Common Stock Shares Outstanding

Hi Trend fundamental ratios Correlations

Hi Trend Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

Other Information on Investing in 688391 Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity

Short Long Term Debt	- 0.99	Capital Lease Obligations
Capital Lease Obligations	- 0.97	Net Invested Capital
Capital Lease Obligations	- 0.97	Total Stockholder Equity
Capital Lease Obligations	- 0.97	Total Assets
Capital Lease Obligations	- 0.96	Net Working Capital
Capital Lease Obligations	- 0.96	Total Current Assets