Cyngn Net Debt vs Accounts Payable Analysis
| CYN Stock | USD 6.10 0.43 6.58% |
Cyngn financial indicator trend analysis is way more than just evaluating Cyngn Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cyngn Inc is a good investment. Please check the relationship between Cyngn Net Debt and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cyngn Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
Net Debt vs Accounts Payable
Net Debt vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cyngn Inc Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Cyngn's Net Debt and Accounts Payable is 0.44. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Cyngn Inc, assuming nothing else is changed. The correlation between historical values of Cyngn's Net Debt and Accounts Payable 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 Debt of Cyngn Inc are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Debt i.e., Cyngn's Net Debt and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.44 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Accounts Payable
An accounting item on the balance sheet that represents Cyngn obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Cyngn Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Cyngn's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cyngn Inc 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 Cyngn Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. As of the 25th of November 2024, Selling General Administrative is likely to drop to about 7.2 M. In addition to that, Issuance Of Capital Stock is likely to drop to about 961.9 K
| 2021 | 2023 | 2024 (projected) | Depreciation And Amortization | 85.9K | 961.3K | 1.0M | Interest Income | 44.1K | 39.7K | 37.7K |
Cyngn fundamental ratios Correlations
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Cyngn Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Cyngn
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 Cyngn 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 Cyngn will appreciate offsetting losses from the drop in the long position's value.Moving together with Cyngn Stock
Moving against Cyngn Stock
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| 0.47 | VTEX | VTEX | PairCorr |
| 0.33 | DMAN | Innovativ Media Group | PairCorr |
The ability to find closely correlated positions to Cyngn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cyngn 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 Cyngn - 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 Cyngn Inc to buy it.
The correlation of Cyngn 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 Cyngn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cyngn Inc 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 Cyngn 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 Cyngn Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Application Software 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 Cyngn. If investors know Cyngn 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 Cyngn listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (39.49) | Revenue Per Share 0.125 | Quarterly Revenue Growth (0.98) | Return On Assets (1.04) | Return On Equity (1.91) |
The market value of Cyngn Inc is measured differently than its book value, which is the value of Cyngn that is recorded on the company's balance sheet. Investors also form their own opinion of Cyngn's value that differs from its market value or its book value, called intrinsic value, which is Cyngn'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 Cyngn's market value can be influenced by many factors that don't directly affect Cyngn'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 Cyngn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cyngn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cyngn'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.