Far Total Assets vs Operating Income 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 Total Assets and its Operating Income 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.
Total Assets vs Operating Income
Total Assets vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Far East Wind Total Assets account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Far East's Total Assets and Operating Income is 0.96. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Operating Income 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 Total Assets and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Far East Wind are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Assets i.e., Far East's Total Assets and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Far East assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Far East Wind books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Operating Income
Operating Income is the amount of profit realized from Far East Wind operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Far East Wind is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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.