Crown Short Long Term Debt vs Common Stock Analysis
| CRKN Stock | USD 0.42 0.24 36.36% |
Crown Electrokinetics financial indicator trend analysis is way more than just evaluating Crown Electrokinetics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crown Electrokinetics is a good investment. Please check the relationship between Crown Electrokinetics Short Long Term Debt and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crown Electrokinetics Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
Short Long Term Debt vs Common Stock
Short Long Term Debt vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crown Electrokinetics Short Long Term Debt account and Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Crown Electrokinetics' Short Long Term Debt and Common Stock is -0.54. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Crown Electrokinetics Corp, assuming nothing else is changed. The correlation between historical values of Crown Electrokinetics' Short Long Term Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Crown Electrokinetics Corp are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Long Term Debt i.e., Crown Electrokinetics' Short Long Term Debt and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.54 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.Common Stock
Most indicators from Crown Electrokinetics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crown Electrokinetics 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 Crown Electrokinetics Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. At this time, Crown Electrokinetics' Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 51.90, while Issuance Of Capital Stock is likely to drop about 11 M.
Crown Electrokinetics fundamental ratios Correlations
Click cells to compare fundamentals
Crown Electrokinetics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Crown Electrokinetics fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Total Equity | 930.0 | 988.0 | 1.7K | 1.5K | 1.7K | 1.3K | |
| Property Plant And Equipment Gross | 102.4K | 92.6K | 209.1K | 3.7M | 5.7M | 6.0M | |
| Net Tangible Assets | (7.2M) | 14.9M | 7.2M | (1.1M) | (1.2M) | (1.2M) | |
| Property Plant Equipment | 92.6K | 209.1K | 895K | 3.3M | 3.7M | 3.9M |
Pair Trading with Crown Electrokinetics
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 Crown Electrokinetics 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 Crown Electrokinetics will appreciate offsetting losses from the drop in the long position's value.Moving against Crown Stock
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| 0.68 | APD | Air Products | PairCorr |
| 0.66 | WDFC | WD 40 Company | PairCorr |
The ability to find closely correlated positions to Crown Electrokinetics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crown Electrokinetics 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 Crown Electrokinetics - 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 Crown Electrokinetics Corp to buy it.
The correlation of Crown Electrokinetics 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 Crown Electrokinetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crown Electrokinetics 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 Crown Electrokinetics 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 Crown Electrokinetics Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Diversified Metals & Mining 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 Crown Electrokinetics. If investors know Crown 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 Crown Electrokinetics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 715.74 | Revenue Per Share 10.23 | Quarterly Revenue Growth 124.622 | Return On Assets (0.81) | Return On Equity (3.27) |
The market value of Crown Electrokinetics is measured differently than its book value, which is the value of Crown that is recorded on the company's balance sheet. Investors also form their own opinion of Crown Electrokinetics' value that differs from its market value or its book value, called intrinsic value, which is Crown Electrokinetics' 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 Crown Electrokinetics' market value can be influenced by many factors that don't directly affect Crown Electrokinetics' 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 Crown Electrokinetics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Crown Electrokinetics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crown Electrokinetics' 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.