First Long Term Investments vs Retained Earnings Analysis

FTHY Stock

USD 14.73 0.09 0.61%

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

Long Term Investments vs Retained Earnings

Long Term Investments vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Trust High Long Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.

The correlation between First Trust's Long Term Investments and Retained Earnings is 0.98. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of First Trust High, assuming nothing else is changed. The correlation between historical values of First Trust's Long Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of First Trust High are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Investments i.e., First Trust's Long Term Investments and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Long Term Investments

Long Term Investments is an item on the asset side of First Trust balance sheet that represents investments First Trust High intends to hold for over a year. First Trust High long term investments may include different instruments such as stocks, bonds, real estate and cash.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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

At this time, First Trust's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to rise to about 870.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 737.1 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	60.2M	51.7M	51.2M	43.5M
Net Interest Income	57.3M	44.7M	42.6M	39.3M

Interest Income Net Interest Income

First Trust fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments	Total Current Assets	Capital Stock	Common Stock	Inventory
Total Assets		0.98	-0.85	0.85	0.99	0.95	0.98	0.85	0.89	1.0	-1.0	0.95	0.89	0.81	0.73	0.98	0.76	0.72	0.98	1.0	1.0	0.82	-0.74	-0.74	0.72
Short Long Term Debt Total	0.98		-0.75	0.75	0.94	0.94	0.93	0.75	0.8	0.98	-0.98	0.87	0.8	0.77	0.65	1.0	0.72	0.64	1.0	0.98	0.98	0.78	-0.73	-0.73	0.64
Other Current Liab	-0.85	-0.75		-1.0	-0.89	-0.72	-0.93	-1.0	-0.99	-0.85	0.86	-0.84	-0.99	-0.6	-0.54	-0.75	-0.57	-0.51	-0.78	-0.84	-0.85	-0.63	0.56	0.56	-0.53
Total Current Liabilities	0.85	0.75	-1.0		0.89	0.72	0.93	1.0	0.99	0.85	-0.86	0.85	0.99	0.61	0.55	0.75	0.57	0.52	0.78	0.84	0.85	0.63	-0.57	-0.57	0.54
Total Stockholder Equity	0.99	0.94	-0.89	0.89		0.94	0.98	0.89	0.92	0.99	-0.98	0.98	0.92	0.81	0.77	0.94	0.77	0.77	0.95	0.99	0.99	0.82	-0.74	-0.74	0.76
Net Debt	0.95	0.94	-0.72	0.72	0.94		0.89	0.72	0.75	0.95	-0.94	0.93	0.75	0.7	0.86	0.94	0.91	0.82	0.94	0.96	0.95	0.71	-0.89	-0.89	0.85
Retained Earnings	0.98	0.93	-0.93	0.93	0.98	0.89		0.93	0.96	0.98	-0.98	0.94	0.96	0.79	0.65	0.93	0.67	0.65	0.95	0.98	0.98	0.81	-0.66	-0.66	0.64
Accounts Payable	0.85	0.75	-1.0	1.0	0.89	0.72	0.93		0.99	0.85	-0.86	0.85	0.99	0.61	0.55	0.75	0.57	0.52	0.78	0.84	0.85	0.63	-0.57	-0.57	0.54
Cash	0.89	0.8	-0.99	0.99	0.92	0.75	0.96	0.99		0.89	-0.9	0.87	1.0	0.69	0.53	0.8	0.54	0.53	0.83	0.88	0.89	0.71	-0.54	-0.54	0.52
Non Current Assets Total	1.0	0.98	-0.85	0.85	0.99	0.95	0.98	0.85	0.89		-1.0	0.95	0.89	0.8	0.73	0.98	0.76	0.72	0.98	1.0	1.0	0.81	-0.75	-0.75	0.72
Non Currrent Assets Other	-1.0	-0.98	0.86	-0.86	-0.98	-0.94	-0.98	-0.86	-0.9	-1.0		-0.93	-0.9	-0.78	-0.69	-0.98	-0.74	-0.68	-0.99	-1.0	-1.0	-0.8	0.74	0.74	-0.68
Other Assets	0.95	0.87	-0.84	0.85	0.98	0.93	0.94	0.85	0.87	0.95	-0.93		0.87	0.83	0.86	0.87	0.8	0.87	0.89	0.95	0.95	0.84	-0.74	-0.74	0.85
Cash And Short Term Investments	0.89	0.8	-0.99	0.99	0.92	0.75	0.96	0.99	1.0	0.89	-0.9	0.87		0.69	0.53	0.8	0.54	0.53	0.83	0.88	0.89	0.71	-0.54	-0.54	0.52
Net Receivables	0.81	0.77	-0.6	0.61	0.81	0.7	0.79	0.61	0.69	0.8	-0.78	0.83	0.69		0.57	0.77	0.41	0.71	0.78	0.81	0.8	1.0	-0.31	-0.31	0.57
Common Stock Shares Outstanding	0.73	0.65	-0.54	0.55	0.77	0.86	0.65	0.55	0.53	0.73	-0.69	0.86	0.53	0.57		0.65	0.93	0.97	0.66	0.73	0.73	0.58	-0.85	-0.85	1.0
Non Current Liabilities Total	0.98	1.0	-0.75	0.75	0.94	0.94	0.93	0.75	0.8	0.98	-0.98	0.87	0.8	0.77	0.65		0.72	0.64	1.0	0.98	0.98	0.78	-0.73	-0.73	0.64
Other Current Assets	0.76	0.72	-0.57	0.57	0.77	0.91	0.67	0.57	0.54	0.76	-0.74	0.8	0.54	0.41	0.93	0.72		0.83	0.73	0.76	0.76	0.42	-0.98	-0.98	0.93
Other Stockholder Equity	0.72	0.64	-0.51	0.52	0.77	0.82	0.65	0.52	0.53	0.72	-0.68	0.87	0.53	0.71	0.97	0.64	0.83		0.64	0.72	0.72	0.71	-0.72	-0.72	0.97
Total Liab	0.98	1.0	-0.78	0.78	0.95	0.94	0.95	0.78	0.83	0.98	-0.99	0.89	0.83	0.78	0.66	1.0	0.73	0.64		0.99	0.98	0.79	-0.73	-0.73	0.65
Net Invested Capital	1.0	0.98	-0.84	0.84	0.99	0.96	0.98	0.84	0.88	1.0	-1.0	0.95	0.88	0.81	0.73	0.98	0.76	0.72	0.99		1.0	0.82	-0.75	-0.75	0.72
Long Term Investments	1.0	0.98	-0.85	0.85	0.99	0.95	0.98	0.85	0.89	1.0	-1.0	0.95	0.89	0.8	0.73	0.98	0.76	0.72	0.98	1.0		0.81	-0.75	-0.75	0.72
Total Current Assets	0.82	0.78	-0.63	0.63	0.82	0.71	0.81	0.63	0.71	0.81	-0.8	0.84	0.71	1.0	0.58	0.78	0.42	0.71	0.79	0.82	0.81		-0.33	-0.33	0.57
Capital Stock	-0.74	-0.73	0.56	-0.57	-0.74	-0.89	-0.66	-0.57	-0.54	-0.75	0.74	-0.74	-0.54	-0.31	-0.85	-0.73	-0.98	-0.72	-0.73	-0.75	-0.75	-0.33		1.0	-0.85
Common Stock	-0.74	-0.73	0.56	-0.57	-0.74	-0.89	-0.66	-0.57	-0.54	-0.75	0.74	-0.74	-0.54	-0.31	-0.85	-0.73	-0.98	-0.72	-0.73	-0.75	-0.75	-0.33	1.0		-0.85
Inventory	0.72	0.64	-0.53	0.54	0.76	0.85	0.64	0.54	0.52	0.72	-0.68	0.85	0.52	0.57	1.0	0.64	0.93	0.97	0.65	0.72	0.72	0.57	-0.85	-0.85

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First Trust Account Relationship Matchups

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First Long Term Investments vs Retained Earnings Analysis

Long Term Investments vs Retained Earnings

Long Term Investments vs Retained Earnings Correlation Analysis

Correlation Coefficient

Long Term Investments

Retained Earnings

First Trust fundamental ratios Correlations

First Trust Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Non Current Assets Total	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Long Term Investments	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Accounts Payable	+ 1.0	Total Current Liabilities

Long Term Investments	- 1.0	Non Currrent Assets Other
Net Invested Capital	- 1.0	Non Currrent Assets Other
Non Currrent Assets Other	- 1.0	Non Current Assets Total
Accounts Payable	- 1.0	Other Current Liab
Total Current Liabilities	- 1.0	Other Current Liab
Non Currrent Assets Other	- 1.0	Total Assets