Forestar Free Cash Flow vs Cash And Equivalents Analysis

FOR Stock

USD 29.06 0.29 1.01%

Forestar financial indicator trend analysis is much more than just examining Forestar Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forestar Group is a good investment. Please check the relationship between Forestar Free Cash Flow and its Cash And Equivalents accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forestar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Free Cash Flow vs Cash And Equivalents

Free Cash Flow vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forestar Group Free Cash Flow account and Cash And Equivalents. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Forestar's Free Cash Flow and Cash And Equivalents is 0.19. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Forestar Group, assuming nothing else is changed. The correlation between historical values of Forestar's Free Cash Flow and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Forestar Group are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Free Cash Flow i.e., Forestar's Free Cash Flow and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Cash And Equivalents

Most indicators from Forestar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forestar Group 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 Forestar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

At this time, Forestar's Selling General Administrative is relatively stable compared to the past year. As of 11/22/2024, Discontinued Operations is likely to grow to about 8.7 M, while Issuance Of Capital Stock is likely to drop 0.00.

Forestar fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Other Liab	Accounts Payable	Cash	Long Term Debt	Inventory	Other Current Assets	Property Plant Equipment	Total Current Liabilities	Property Plant And Equipment Net	Cash And Short Term Investments	Net Receivables	Property Plant And Equipment Gross	Total Current Assets	Retained Earnings
Total Assets		0.77	0.98	0.45	0.97	0.33	0.89	0.77	0.97	-0.09	0.98	0.84	0.99	0.97	0.68	0.95	-0.59	-0.65	0.78	0.99	-0.48	0.68	-0.02	-0.54	0.52	0.95
Short Long Term Debt Total	0.77		0.66	0.67	0.83	0.64	0.59	0.74	0.86	-0.2	0.85	0.46	0.78	0.73	0.43	0.87	-0.73	-0.34	0.37	0.78	-0.37	0.43	-0.04	-0.55	0.33	0.59
Total Stockholder Equity	0.98	0.66		0.28	0.91	0.22	0.88	0.76	0.9	-0.03	0.92	0.89	0.97	0.95	0.76	0.88	-0.48	-0.72	0.86	0.96	-0.51	0.76	0.0	-0.51	0.63	0.98
Net Debt	0.45	0.67	0.28		0.64	0.49	0.42	0.21	0.62	-0.31	0.6	0.19	0.47	0.49	-0.29	0.65	-0.66	0.08	0.02	0.49	0.12	-0.29	0.08	-0.23	-0.38	0.27
Non Current Assets Total	0.97	0.83	0.91	0.64		0.44	0.88	0.71	0.99	-0.19	0.99	0.77	0.97	0.96	0.5	0.97	-0.62	-0.56	0.67	0.97	-0.36	0.5	-0.03	-0.47	0.32	0.89
Non Currrent Assets Other	0.33	0.64	0.22	0.49	0.44		0.19	0.55	0.4	-0.51	0.42	0.09	0.37	0.37	0.07	0.39	-0.25	-0.04	-0.1	0.41	-0.14	0.07	-0.28	-0.16	-0.08	0.18
Other Assets	0.89	0.59	0.88	0.42	0.88	0.19		0.61	0.85	-0.09	0.87	0.78	0.86	0.89	0.5	0.81	-0.41	-0.58	0.76	0.91	-0.37	0.5	-0.12	-0.47	0.39	0.88
Common Stock Shares Outstanding	0.77	0.74	0.76	0.21	0.71	0.55	0.61		0.73	-0.2	0.75	0.51	0.78	0.7	0.7	0.7	-0.35	-0.42	0.47	0.78	-0.6	0.7	-0.31	-0.53	0.65	0.69
Non Current Liabilities Total	0.97	0.86	0.9	0.62	0.99	0.4	0.85	0.73		-0.12	1.0	0.73	0.97	0.93	0.55	0.99	-0.68	-0.54	0.67	0.96	-0.41	0.55	-0.05	-0.55	0.38	0.87
Other Stockholder Equity	-0.09	-0.2	-0.03	-0.31	-0.19	-0.51	-0.09	-0.2	-0.12		-0.15	-0.13	-0.07	-0.21	0.17	-0.11	0.09	-0.27	0.29	-0.21	0.03	0.17	0.18	0.05	0.2	-0.03
Total Liab	0.98	0.85	0.92	0.6	0.99	0.42	0.87	0.75	1.0	-0.15		0.75	0.97	0.95	0.57	0.99	-0.66	-0.55	0.68	0.97	-0.43	0.57	-0.05	-0.55	0.4	0.88
Other Current Liab	0.84	0.46	0.89	0.19	0.77	0.09	0.78	0.51	0.73	-0.13	0.75		0.8	0.89	0.63	0.71	-0.34	-0.79	0.89	0.83	-0.26	0.63	0.28	-0.27	0.53	0.93
Other Liab	0.99	0.78	0.97	0.47	0.97	0.37	0.86	0.78	0.97	-0.07	0.97	0.8		0.96	0.66	0.95	-0.58	-0.65	0.75	0.97	-0.47	0.66	-0.04	-0.49	0.49	0.94
Accounts Payable	0.97	0.73	0.95	0.49	0.96	0.37	0.89	0.7	0.93	-0.21	0.95	0.89	0.96		0.57	0.91	-0.56	-0.65	0.78	0.98	-0.38	0.57	0.07	-0.47	0.43	0.96
Cash	0.68	0.43	0.76	-0.29	0.5	0.07	0.5	0.7	0.55	0.17	0.57	0.63	0.66	0.57		0.53	-0.2	-0.7	0.72	0.61	-0.65	1.0	-0.12	-0.47	0.9	0.7
Long Term Debt	0.95	0.87	0.88	0.65	0.97	0.39	0.81	0.7	0.99	-0.11	0.99	0.71	0.95	0.91	0.53		-0.74	-0.5	0.64	0.93	-0.4	0.53	0.01	-0.57	0.36	0.84
Inventory	-0.59	-0.73	-0.48	-0.66	-0.62	-0.25	-0.41	-0.35	-0.68	0.09	-0.66	-0.34	-0.58	-0.56	-0.2	-0.74		0.0	-0.26	-0.57	0.29	-0.2	-0.33	0.71	-0.18	-0.42
Other Current Assets	-0.65	-0.34	-0.72	0.08	-0.56	-0.04	-0.58	-0.42	-0.54	-0.27	-0.55	-0.79	-0.65	-0.65	-0.7	-0.5	0.0		-0.87	-0.59	0.26	-0.7	-0.15	0.01	-0.54	-0.76
Property Plant Equipment	0.78	0.37	0.86	0.02	0.67	-0.1	0.76	0.47	0.67	0.29	0.68	0.89	0.75	0.78	0.72	0.64	-0.26	-0.87		0.73	-0.28	0.72	0.2	-0.32	0.64	0.9
Total Current Liabilities	0.99	0.78	0.96	0.49	0.97	0.41	0.91	0.78	0.96	-0.21	0.97	0.83	0.97	0.98	0.61	0.93	-0.57	-0.59	0.73		-0.49	0.61	-0.04	-0.55	0.47	0.93
Property Plant And Equipment Net	-0.48	-0.37	-0.51	0.12	-0.36	-0.14	-0.37	-0.6	-0.41	0.03	-0.43	-0.26	-0.47	-0.38	-0.65	-0.4	0.29	0.26	-0.28	-0.49		-0.65	0.19	0.71	-0.62	-0.38
Cash And Short Term Investments	0.68	0.43	0.76	-0.29	0.5	0.07	0.5	0.7	0.55	0.17	0.57	0.63	0.66	0.57	1.0	0.53	-0.2	-0.7	0.72	0.61	-0.65		-0.12	-0.47	0.9	0.7
Net Receivables	-0.02	-0.04	0.0	0.08	-0.03	-0.28	-0.12	-0.31	-0.05	0.18	-0.05	0.28	-0.04	0.07	-0.12	0.01	-0.33	-0.15	0.2	-0.04	0.19	-0.12		-0.02	0.02	0.04
Property Plant And Equipment Gross	-0.54	-0.55	-0.51	-0.23	-0.47	-0.16	-0.47	-0.53	-0.55	0.05	-0.55	-0.27	-0.49	-0.47	-0.47	-0.57	0.71	0.01	-0.32	-0.55	0.71	-0.47	-0.02		-0.49	-0.4
Total Current Assets	0.52	0.33	0.63	-0.38	0.32	-0.08	0.39	0.65	0.38	0.2	0.4	0.53	0.49	0.43	0.9	0.36	-0.18	-0.54	0.64	0.47	-0.62	0.9	0.02	-0.49		0.58
Retained Earnings	0.95	0.59	0.98	0.27	0.89	0.18	0.88	0.69	0.87	-0.03	0.88	0.93	0.94	0.96	0.7	0.84	-0.42	-0.76	0.9	0.93	-0.38	0.7	0.04	-0.4	0.58

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Forestar Account Relationship Matchups

Forestar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	2.1B	2.3B	2.5B	2.8B	3.0B
Short Long Term Debt Total	714.9M	759.9M	741.1M	830.5M	706.4M	391.1M
Total Stockholder Equity	870.9M	1.0B	1.2B	1.4B	1.6B	1.7B
Net Debt	246.8M	550.9M	441.2M	79M	225.2M	182.6M
Non Current Assets Total	1.3B	1.9B	2.1B	1.9B	2.1B	2.2B
Non Currrent Assets Other	1.3B	1.9B	2.1B	1.8B	(7.1M)	(6.7M)
Other Assets	1M	2.1B	2.1B	1.8B	2.8B	3.0B
Common Stock Shares Outstanding	48.1M	49.0M	49.8M	50.1M	50.8M	44.4M
Liabilities And Stockholders Equity	1.7B	2.1B	2.3B	2.5B	2.8B	3.0B
Non Current Liabilities Total	745.1M	877.2M	879.1M	867.1M	997.2M	1.0B
Other Stockholder Equity	386.9M	636.2M	(1.1B)	644.2M	665.2M	698.5M
Total Liab	868.1M	1.1B	1.1B	1.1B	1.2B	1.3B
Other Current Liab	10.5M	1.3M	137.1M	165.3M	190.1M	199.6M
Other Liab	124M	172.7M	173.1M	189.9M	218.4M	229.3M
Accounts Payable	29.2M	47.4M	72.2M	68.4M	78.7M	82.6M
Cash	394.3M	153.6M	264.8M	616M	481.2M	505.3M
Long Term Debt	641.1M	704.5M	706M	695M	799.3M	839.2M
Inventory	(10.4M)	(26.9M)	(40.3M)	1.0	0.9	0.86
Other Current Assets	10.4M	25.8M	28.9M	(641.7M)	(481.2M)	(457.1M)
Property Plant Equipment	4.7M	2.9M	5.7M	1.8B	2.1B	2.2B
Total Current Liabilities	123M	208.6M	264.6M	233.7M	268.8M	282.2M
Property Plant And Equipment Net	1.1M	2.9M	5.7M	5.9M	7.1M	6.7M
Cash And Short Term Investments	394.3M	153.6M	264.8M	616M	481.2M	505.3M
Net Receivables	6.3M	1.1M	11.4M	25.7M	29.6M	16.4M
Property Plant And Equipment Gross	3.7M	10.7M	14.8M	14.9M	13.4M	12.7M
Total Current Assets	400.6M	153.6M	264.8M	616M	708.4M	396.6M
Retained Earnings	218.9M	329.1M	507.9M	674.8M	878.2M	922.1M
Common Stock	48.1M	49.6M	49.8M	49.9M	50.7M	46.1M
Net Tangible Assets	870.9M	1.0B	1.2B	1.4B	1.6B	847.8M
Long Term Debt Total	641.1M	704.5M	706M	695M	799.3M	459.4M

Pair Trading with Forestar

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 Forestar 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 Forestar will appreciate offsetting losses from the drop in the long position's value.

Moving together with Forestar Stock

0.64

CKX

CKX Lands

Pair Corr

Moving against Forestar Stock

0.36

CBL

CBL Associates Properties

Pair Corr

The ability to find closely correlated positions to Forestar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Forestar 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 Forestar - 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 Forestar Group to buy it.

The correlation of Forestar 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 Forestar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forestar Group 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 Forestar 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.

Pair Correlation Correlation Matching

Additional Tools for Forestar Stock Analysis

When running Forestar's price analysis, check to measure Forestar'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 Forestar is operating at the current time. Most of Forestar's value examination focuses on studying past and present price action to predict the probability of Forestar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forestar's price. Additionally, you may evaluate how the addition of Forestar to your portfolios can decrease your overall portfolio volatility.

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