Haivision Other Liab vs Total Liab Analysis
HAI Stock | CAD 4.94 0.02 0.41% |
Haivision Systems financial indicator trend analysis is much more than just examining Haivision Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Haivision Systems is a good investment. Please check the relationship between Haivision Systems Other Liab and its Total Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haivision Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Other Liab vs Total Liab
Other Liab vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Haivision Systems Other Liab account and Total Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Haivision Systems' Other Liab and Total Liab is 0.87. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Total Liab in the same time period over historical financial statements of Haivision Systems, assuming nothing else is changed. The correlation between historical values of Haivision Systems' Other Liab and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Haivision Systems are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Other Liab i.e., Haivision Systems' Other Liab and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Liab
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Haivision Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Haivision Systems 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 Haivision Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Haivision Systems' Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value Over EBITDA is likely to grow to 22.78, while Selling General Administrative is likely to drop about 15.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.1M | 1.7M | 2.0M | 2.1M | Depreciation And Amortization | 8.2M | 9.8M | 11.3M | 11.9M |
Haivision Systems fundamental ratios Correlations
Click cells to compare fundamentals
Haivision Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Haivision Systems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 62.8M | 122.5M | 148.6M | 144.1M | 165.7M | 96.7M | |
Short Long Term Debt Total | 7.6M | 8.6M | 25.0M | 16.2M | 18.6M | 10.2M | |
Other Current Liab | 9.9M | 8.7M | 11.1M | 9.8M | 11.3M | 10.5M | |
Total Current Liabilities | 25.2M | 24.4M | 44.9M | 38.1M | 43.8M | 31.1M | |
Total Stockholder Equity | 30.1M | 88.9M | 90.3M | 94.2M | 108.3M | 58.1M | |
Other Liab | 2.1M | 1.3M | 1.6M | 2.6M | 3.0M | 2.0M | |
Net Tangible Assets | 7.7M | 13.0M | 41.3M | 22.2M | 25.5M | 18.2M | |
Property Plant And Equipment Net | 4.1M | 9.8M | 12.8M | 11.4M | 13.1M | 13.8M | |
Current Deferred Revenue | 8.1M | 7.9M | 9.2M | 12.1M | 13.9M | 9.0M | |
Net Debt | (8.1M) | (18.2M) | 19.2M | 7.9M | 9.1M | 9.5M | |
Retained Earnings | 7.3M | (3.0M) | (9.2M) | (10.0M) | (9.0M) | (8.5M) | |
Accounts Payable | 5.5M | 6.8M | 10.4M | 8.8M | 10.2M | 6.8M | |
Cash | 15.7M | 26.8M | 5.8M | 8.3M | 9.5M | 11.2M | |
Non Current Assets Total | 25.1M | 62.1M | 86.9M | 84.5M | 97.2M | 50.2M | |
Non Currrent Assets Other | 2.9M | 1.8M | 960.3K | 1.6M | 1.4M | 2.2M | |
Other Assets | 4.0M | 4.0M | 4.7M | 2.8M | 2.5M | 3.4M | |
Cash And Short Term Investments | 15.7M | 26.8M | 5.8M | 8.3M | 9.5M | 11.2M | |
Net Receivables | 15.0M | 21.5M | 29.7M | 28.4M | 32.6M | 22.4M | |
Good Will | 14.7M | 30.1M | 44.6M | 46.2M | 53.2M | 27.8M | |
Liabilities And Stockholders Equity | 62.8M | 122.5M | 148.6M | 144.1M | 165.7M | 96.7M | |
Non Current Liabilities Total | 7.5M | 9.2M | 13.5M | 11.9M | 13.6M | 7.6M | |
Inventory | 6.0M | 8.8M | 21.1M | 18.9M | 21.8M | 22.9M | |
Other Current Assets | 907.7K | 3.2M | 5.1M | 4.0M | 4.6M | 2.4M | |
Other Stockholder Equity | 1.8M | 2.7M | 4.6M | 5.3M | 6.1M | 6.4M | |
Total Liab | 32.7M | 33.6M | 58.3M | 49.9M | 57.4M | 38.6M | |
Net Invested Capital | 34.0M | 88.9M | 105.4M | 101.9M | 117.2M | 63.5M | |
Short Long Term Debt | 1.0M | 1.2M | 12.6M | 5.6M | 6.5M | 4.8M | |
Total Current Assets | 37.6M | 60.4M | 61.7M | 59.6M | 68.6M | 46.6M | |
Accumulated Other Comprehensive Income | 1.8M | (546.3K) | 4.7M | 8.0M | 9.1M | 9.6M | |
Net Working Capital | 12.4M | 36.0M | 16.8M | 21.5M | 24.8M | 15.5M | |
Short Term Debt | 1.8M | 1.0M | 14.1M | 7.3M | 8.4M | 4.8M | |
Intangible Assets | 2.3M | 17.5M | 23.5M | 17.7M | 20.3M | 21.3M | |
Common Stock | 20.9M | 89.8M | 90.2M | 90.9M | 104.5M | 56.0M | |
Property Plant Equipment | 1.2M | 4.1M | 9.8M | 12.8M | 14.7M | 15.4M | |
Capital Stock | 20.9M | 89.8M | 90.2M | 90.9M | 104.5M | 61.4M |
Pair Trading with Haivision Systems
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 Haivision Systems 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 Haivision Systems will appreciate offsetting losses from the drop in the long position's value.Moving against Haivision Stock
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The ability to find closely correlated positions to Haivision Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haivision Systems 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 Haivision Systems - 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 Haivision Systems to buy it.
The correlation of Haivision Systems 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 Haivision Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haivision Systems 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 Haivision Systems 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.Other Information on Investing in Haivision Stock
Balance Sheet is a snapshot of the financial position of Haivision Systems at a specified time, usually calculated after every quarter, six months, or one year. Haivision Systems Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Haivision Systems and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Haivision currently owns. An asset can also be divided into two categories, current and non-current.