BlackBerry Inventory vs Cash And Short Term Investments Analysis
| BB Stock | CAD 3.29 0.03 0.92% |
BlackBerry financial indicator trend analysis is way more than just evaluating BlackBerry prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BlackBerry is a good investment. Please check the relationship between BlackBerry Inventory and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BlackBerry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in BlackBerry Stock, please use our How to Invest in BlackBerry guide.
Inventory vs Cash And Short Term Investments
Inventory vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BlackBerry Inventory account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between BlackBerry's Inventory and Cash And Short Term Investments is 0.45. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of BlackBerry, assuming nothing else is changed. The correlation between historical values of BlackBerry's Inventory and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of BlackBerry are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Inventory i.e., BlackBerry's Inventory and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.45 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Inventory
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of BlackBerry balance sheet. This account contains BlackBerry investments that will expire within one year. These investments include stocks and bonds that can be liquidated by BlackBerry fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from BlackBerry's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BlackBerry 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 BlackBerry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in BlackBerry Stock, please use our How to Invest in BlackBerry guide.At this time, BlackBerry's Tax Provision is very stable compared to the past year. As of the 23rd of November 2024, Issuance Of Capital Stock is likely to grow to about 7.3 M, while Selling General Administrative is likely to drop about 171.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 681M | 643M | 592M | 562.4M | Cost Of Revenue | 251M | 237M | 333M | 316.4M |
BlackBerry fundamental ratios Correlations
Click cells to compare fundamentals
BlackBerry Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with BlackBerry
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 BlackBerry 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 BlackBerry will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to BlackBerry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BlackBerry 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 BlackBerry - 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 BlackBerry to buy it.
The correlation of BlackBerry 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 BlackBerry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BlackBerry 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 BlackBerry 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in BlackBerry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in BlackBerry Stock, please use our How to Invest in BlackBerry guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.