Gray Change To Inventory vs Change In Cash Analysis

GTN Stock

USD 4.27 0.04 0.93%

Gray Television financial indicator trend analysis is much more than just examining Gray Television latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gray Television is a good investment. Please check the relationship between Gray Television Change To Inventory and its Change In Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gray Television. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.

Change To Inventory vs Change In Cash

Change To Inventory vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gray Television Change To Inventory account and Change In Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Gray Television's Change To Inventory and Change In Cash is 0.58. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Gray Television, assuming nothing else is changed. The correlation between historical values of Gray Television's Change To Inventory and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Gray Television are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Change To Inventory i.e., Gray Television's Change To Inventory and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Change In Cash

Most indicators from Gray Television's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gray Television 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gray Television. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.At this time, Gray Television's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Tax Provision is likely to grow to about 70.9 M, while Sales General And Administrative To Revenue is likely to drop 0.03.

	2021	2022	2023	2024 (projected)
Interest Expense	205M	354M	440M	462M
Depreciation And Amortization	221M	336M	339M	356.0M

Interest Expense Depreciation And Amortization

Gray Television fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		1.0	0.96	1.0	0.98	0.97	0.99	0.96	0.83	0.08	1.0	-0.15	0.08	0.93	0.61	1.0	0.63	0.94	0.15	1.0	0.89	0.6	-0.03	1.0	0.9	0.8
Short Long Term Debt Total	1.0		0.94	1.0	0.96	0.97	0.99	0.95	0.86	0.06	1.0	-0.15	0.06	0.92	0.6	1.0	0.63	0.94	0.12	1.0	0.89	0.58	0.0	0.99	0.89	0.78
Other Current Liab	0.96	0.94		0.95	0.95	0.94	0.95	0.92	0.78	-0.01	0.96	-0.19	-0.01	0.89	0.54	0.95	0.58	0.89	0.19	0.95	0.87	0.51	-0.31	0.97	0.84	0.75
Total Current Liabilities	1.0	1.0	0.95		0.97	0.98	0.99	0.95	0.83	0.05	1.0	-0.17	0.05	0.91	0.6	1.0	0.59	0.92	0.14	1.0	0.91	0.57	-0.02	0.99	0.9	0.78
Total Stockholder Equity	0.98	0.96	0.95	0.97		0.94	0.94	0.98	0.75	0.22	0.97	-0.11	0.22	0.92	0.65	0.96	0.6	0.89	0.21	0.96	0.85	0.68	-0.07	0.97	0.92	0.83
Property Plant And Equipment Net	0.97	0.97	0.94	0.98	0.94		0.98	0.94	0.77	-0.07	0.98	-0.17	-0.07	0.84	0.48	0.97	0.47	0.89	0.11	0.97	0.96	0.43	-0.06	0.97	0.86	0.69
Net Debt	0.99	0.99	0.95	0.99	0.94	0.98		0.93	0.87	-0.05	0.99	-0.19	-0.05	0.91	0.55	1.0	0.6	0.94	0.1	1.0	0.9	0.49	-0.04	0.99	0.85	0.73
Retained Earnings	0.96	0.95	0.92	0.95	0.98	0.94	0.93		0.76	0.17	0.95	-0.12	0.17	0.88	0.52	0.94	0.55	0.9	0.22	0.94	0.87	0.63	-0.06	0.94	0.87	0.75
Accounts Payable	0.83	0.86	0.78	0.83	0.75	0.77	0.87	0.76		-0.08	0.83	-0.4	-0.08	0.9	0.49	0.86	0.75	0.91	0.08	0.85	0.61	0.51	-0.01	0.84	0.62	0.64
Cash	0.08	0.06	-0.01	0.05	0.22	-0.07	-0.05	0.17	-0.08		0.01	0.34	1.0	0.17	0.5	0.04	0.28	0.05	0.28	0.04	-0.15	0.78	0.33	0.02	0.3	0.44
Non Current Assets Total	1.0	1.0	0.96	1.0	0.97	0.98	0.99	0.95	0.83	0.01		-0.16	0.01	0.91	0.57	1.0	0.59	0.93	0.13	1.0	0.91	0.54	-0.05	1.0	0.89	0.76
Non Currrent Assets Other	-0.15	-0.15	-0.19	-0.17	-0.11	-0.17	-0.19	-0.12	-0.4	0.34	-0.16		0.34	-0.35	-0.1	-0.17	-0.23	-0.3	0.14	-0.17	-0.02	-0.04	0.16	-0.19	0.01	-0.12
Cash And Short Term Investments	0.08	0.06	-0.01	0.05	0.22	-0.07	-0.05	0.17	-0.08	1.0	0.01	0.34		0.17	0.5	0.04	0.28	0.05	0.28	0.04	-0.15	0.78	0.33	0.02	0.3	0.44
Net Receivables	0.93	0.92	0.89	0.91	0.92	0.84	0.91	0.88	0.9	0.17	0.91	-0.35	0.17		0.7	0.92	0.8	0.94	0.14	0.92	0.67	0.73	-0.07	0.93	0.8	0.84
Common Stock Shares Outstanding	0.61	0.6	0.54	0.6	0.65	0.48	0.55	0.52	0.49	0.5	0.57	-0.1	0.5	0.7		0.59	0.59	0.52	0.12	0.59	0.33	0.81	0.25	0.59	0.68	0.94
Non Current Liabilities Total	1.0	1.0	0.95	1.0	0.96	0.97	1.0	0.94	0.86	0.04	1.0	-0.17	0.04	0.92	0.59		0.64	0.94	0.12	1.0	0.89	0.57	-0.02	0.99	0.88	0.77
Inventory	0.63	0.63	0.58	0.59	0.6	0.47	0.6	0.55	0.75	0.28	0.59	-0.23	0.28	0.8	0.59	0.64		0.77	-0.05	0.63	0.28	0.72	-0.07	0.64	0.49	0.64
Other Current Assets	0.94	0.94	0.89	0.92	0.89	0.89	0.94	0.9	0.91	0.05	0.93	-0.3	0.05	0.94	0.52	0.94	0.77		0.1	0.94	0.77	0.61	-0.1	0.94	0.75	0.71
Other Stockholder Equity	0.15	0.12	0.19	0.14	0.21	0.11	0.1	0.22	0.08	0.28	0.13	0.14	0.28	0.14	0.12	0.12	-0.05	0.1		0.12	0.09	0.27	-0.12	0.12	0.13	0.2
Total Liab	1.0	1.0	0.95	1.0	0.96	0.97	1.0	0.94	0.85	0.04	1.0	-0.17	0.04	0.92	0.59	1.0	0.63	0.94	0.12		0.89	0.57	-0.02	0.99	0.88	0.78
Property Plant And Equipment Gross	0.89	0.89	0.87	0.91	0.85	0.96	0.9	0.87	0.61	-0.15	0.91	-0.02	-0.15	0.67	0.33	0.89	0.28	0.77	0.09	0.89		0.25	-0.06	0.89	0.81	0.56
Total Current Assets	0.6	0.58	0.51	0.57	0.68	0.43	0.49	0.63	0.51	0.78	0.54	-0.04	0.78	0.73	0.81	0.57	0.72	0.61	0.27	0.57	0.25		0.19	0.56	0.66	0.84
Short Term Debt	-0.03	0.0	-0.31	-0.02	-0.07	-0.06	-0.04	-0.06	-0.01	0.33	-0.05	0.16	0.33	-0.07	0.25	-0.02	-0.07	-0.1	-0.12	-0.02	-0.06	0.19		-0.1	0.12	0.11
Intangible Assets	1.0	0.99	0.97	0.99	0.97	0.97	0.99	0.94	0.84	0.02	1.0	-0.19	0.02	0.93	0.59	0.99	0.64	0.94	0.12	0.99	0.89	0.56	-0.1		0.88	0.78
Common Stock Total Equity	0.9	0.89	0.84	0.9	0.92	0.86	0.85	0.87	0.62	0.3	0.89	0.01	0.3	0.8	0.68	0.88	0.49	0.75	0.13	0.88	0.81	0.66	0.12	0.88		0.83
Common Stock	0.8	0.78	0.75	0.78	0.83	0.69	0.73	0.75	0.64	0.44	0.76	-0.12	0.44	0.84	0.94	0.77	0.64	0.71	0.2	0.78	0.56	0.84	0.11	0.78	0.83

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Gray Television Account Relationship Matchups

Gray Television fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.0B	7.6B	11.1B	11.2B	10.6B	11.2B
Short Long Term Debt Total	3.7B	4.0B	6.8B	6.5B	6.2B	6.6B
Other Current Liab	220M	189M	268M	280M	274M	287.7M
Total Current Liabilities	246M	255M	384M	409M	395M	414.8M
Total Stockholder Equity	2.1B	2.4B	2.4B	2.8B	2.6B	2.8B
Property Plant And Equipment Net	775M	794M	1.2B	1.5B	1.7B	1.8B
Net Debt	3.5B	3.3B	6.6B	6.5B	6.2B	6.5B
Retained Earnings	504M	862M	869M	1.2B	1.1B	1.1B
Accounts Payable	11M	10M	59M	55M	23M	24.2M
Cash	212M	773M	189M	61M	21M	20.0M
Non Current Assets Total	6.3B	6.3B	10.1B	10.3B	10.3B	10.8B
Non Currrent Assets Other	(113M)	(46M)	(32M)	(1.4B)	164M	172.2M
Cash And Short Term Investments	212M	773M	189M	61M	21M	20.0M
Net Receivables	411M	446M	645M	672M	363M	381.2M
Common Stock Shares Outstanding	100M	97M	95M	93M	92M	50.2M
Liabilities And Stockholders Equity	7.0B	7.6B	11.1B	11.2B	10.6B	11.2B
Non Current Liabilities Total	4.6B	5.0B	8.3B	8.0B	7.6B	8.0B
Inventory	24M	61M	94M	43M	18M	11.6M
Other Current Assets	25M	85M	129M	124M	84M	88.2M
Other Stockholder Equity	(133M)	(214M)	(251M)	(309M)	(314M)	(298.3M)
Total Liab	4.9B	5.2B	8.7B	8.4B	8.0B	8.4B
Property Plant And Equipment Gross	775M	794M	1.2B	1.5B	2.5B	2.6B
Total Current Assets	672M	1.3B	963M	857M	468M	269.6M
Accumulated Other Comprehensive Income	(31M)	(39M)	(27M)	(12M)	(23M)	(24.2M)
Short Term Debt	6M	14M	33M	35M	37M	25.8M
Intangible Assets	4.0B	4.0B	6.1B	6.0B	5.7B	6.0B
Common Stock Total Equity	1.1B	1.1B	1.2B	1.2B	1.4B	1.4B
Common Stock	1.1B	1.1B	1.2B	1.2B	1.2B	677.6M
Other Liab	868M	960M	1.5B	1.5B	1.7B	1.8B
Other Assets	29M	39M	16M	19M	(131M)	(124.5M)
Long Term Debt	7M	4.0B	6.7B	6.4B	6.1B	6.5B
Good Will	1.4B	1.5B	2.6B	2.7B	2.6B	2.8B
Treasury Stock	(133M)	(214M)	(251M)	(309M)	(278.1M)	(264.2M)
Property Plant Equipment	725M	737M	1.2B	1.5B	1.7B	1.8B
Current Deferred Revenue	9M	22M	14M	24M	39M	41.0M
Retained Earnings Total Equity	504M	862M	869M	1.2B	1.4B	1.5B
Net Tangible Assets	2.1B	2.4B	(6.4B)	2.8B	3.2B	3.3B
Long Term Debt Total	7M	4.0B	6.7B	6.4B	7.4B	7.8B

Pair Trading with Gray Television

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

Moving together with Gray Stock

0.66	IQ	iQIYI Inc Buyout Trend	Pair Corr
0.68	TV	Grupo Televisa SAB	Pair Corr

Moving against Gray Stock

0.59	EEX	Emerald Expositions	Pair Corr
0.53	AMC	AMC Entertainment Aggressive Push	Pair Corr
0.45	ADV	Advantage Solutions	Pair Corr
0.45	CNK	Cinemark Holdings	Pair Corr
0.4	DIS	Walt Disney Aggressive Push	Pair Corr

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

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

When determining whether Gray Television offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gray Television's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gray Television Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gray Television Stock:

How To Invest In Gray

Details

Is Gray Stock a good investment?

Details

What is Gray Television's Net Worth?

Details

Largest Movies & Entertainment Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gray Television. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Is Broadcasting 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 Gray Television. If investors know Gray 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 Gray Television listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

10.164

Dividend Share

0.32

Earnings Share

1.5

Revenue Per Share

36.743

Quarterly Revenue Growth

0.183

The market value of Gray Television is measured differently than its book value, which is the value of Gray that is recorded on the company's balance sheet. Investors also form their own opinion of Gray Television's value that differs from its market value or its book value, called intrinsic value, which is Gray Television'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 Gray Television's market value can be influenced by many factors that don't directly affect Gray Television'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 Gray Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gray Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gray Television'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.

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Gray Change To Inventory vs Change In Cash Analysis

Change To Inventory vs Change In Cash

Change To Inventory vs Change In Cash Correlation Analysis

Correlation Coefficient

Change To Inventory

Change In Cash

Gray Television fundamental ratios Correlations

Gray Television Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gray Television fundamental ratios Accounts

Pair Trading with Gray Television

Moving together with Gray Stock

Moving against Gray Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets

Non Currrent Assets Other	- 0.4	Accounts Payable
Net Receivables	- 0.35	Non Currrent Assets Other
Short Term Debt	- 0.31	Other Current Liab
Other Current Assets	- 0.3	Non Currrent Assets Other
Inventory	- 0.23	Non Currrent Assets Other
Intangible Assets	- 0.19	Non Currrent Assets Other