Far Cash vs Total Stockholder Equity Analysis
| FEWP Stock | USD 0.0001 0.00 0.00% |
Far East financial indicator trend analysis is much more than just examining Far East Wind latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Far East Wind is a good investment. Please check the relationship between Far East Cash and its Total Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Far East Wind. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
Cash vs Total Stockholder Equity
Cash vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Far East Wind Cash account and Total Stockholder Equity. At this time, the significance of the direction appears to have totally related.
The correlation between Far East's Cash and Total Stockholder Equity is 0.99. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Far East Wind, assuming nothing else is changed. The correlation between historical values of Far East's Cash and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Far East Wind are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Cash i.e., Far East's Cash and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Far East Wind, which is listed under current asset account on Far East Wind balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Far East customers. The amounts must be unrestricted with restricted cash listed in a different Far East account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Far East's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Far East Wind 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Far East Wind. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. As of 11/29/2024, Discontinued Operations is likely to drop to -3,780. In addition to that, Selling General Administrative is likely to drop to about 204.1 K
Far East fundamental ratios Correlations
Click cells to compare fundamentals
Far East Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Far East
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 Far East 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 Far East will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Far East could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Far East 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 Far East - 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 Far East Wind to buy it.
The correlation of Far East 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 Far East moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Far East Wind 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 Far East 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.Additional Tools for Far Stock Analysis
When running Far East's price analysis, check to measure Far East's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Far East is operating at the current time. Most of Far East's value examination focuses on studying past and present price action to predict the probability of Far East's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Far East's price. Additionally, you may evaluate how the addition of Far East to your portfolios can decrease your overall portfolio volatility.