Cool Inventory Turnover vs Net Income Per Share Analysis
| CLCO Stock | 8.33 0.37 4.65% |
Cool financial indicator trend analysis is way more than just evaluating Cool Company prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cool Company is a good investment. Please check the relationship between Cool Inventory Turnover and its Net Income Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cool Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Inventory Turnover vs Net Income Per Share
Inventory Turnover vs Net Income Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cool Company Inventory Turnover account and Net Income Per Share. At this time, the significance of the direction appears to have pay attention.
The correlation between Cool's Inventory Turnover and Net Income Per Share is -0.88. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Cool Company, assuming nothing else is changed. The correlation between historical values of Cool's Inventory Turnover and Net Income Per Share 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 Turnover of Cool Company are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Inventory Turnover i.e., Cool's Inventory Turnover and Net Income Per Share go up and down completely randomly.
Correlation Coefficient | -0.88 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Net Income Per Share
Most indicators from Cool's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cool Company 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 Cool Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Cool's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Multiple is likely to grow to 7.43, while Selling General Administrative is likely to drop about 14.7 M.
| 2010 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 43.5M | 59.0M | 59.0M | 59.2M | Interest Income | 7K | 8.2M | 9.5M | 9.9M |
Cool fundamental ratios Correlations
Click cells to compare fundamentals
Cool Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Cool
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 Cool 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 Cool will appreciate offsetting losses from the drop in the long position's value.Moving together with Cool Stock
Moving against Cool Stock
| 0.78 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.73 | EPD | Enterprise Products | PairCorr |
| 0.71 | CQP | Cheniere Energy Partners | PairCorr |
| 0.68 | DLNG | Dynagas LNG Partners | PairCorr |
| 0.68 | DTM | DT Midstream | PairCorr |
The ability to find closely correlated positions to Cool could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cool 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 Cool - 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 Cool Company to buy it.
The correlation of Cool 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 Cool moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cool Company 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 Cool 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 Cool Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cool. If investors know Cool will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cool listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.42) | Dividend Share 1.64 | Earnings Share 2.3 | Revenue Per Share 6.397 | Quarterly Revenue Growth (0.08) |
The market value of Cool Company is measured differently than its book value, which is the value of Cool that is recorded on the company's balance sheet. Investors also form their own opinion of Cool's value that differs from its market value or its book value, called intrinsic value, which is Cool's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cool's market value can be influenced by many factors that don't directly affect Cool'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 Cool's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cool is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cool's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.