Hongli Free Cash Flow Yield vs Average Payables Analysis

HLP Stock

1.25 0.01 0.79%

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

Free Cash Flow Yield vs Average Payables

Free Cash Flow Yield vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hongli Group Ordinary Free Cash Flow Yield account and Average Payables. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Hongli Group's Free Cash Flow Yield and Average Payables is -0.01. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Average Payables in the same time period over historical financial statements of Hongli Group Ordinary, assuming nothing else is changed. The correlation between historical values of Hongli Group's Free Cash Flow Yield and Average Payables 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 Yield of Hongli Group Ordinary are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Free Cash Flow Yield i.e., Hongli Group's Free Cash Flow Yield and Average Payables go up and down completely randomly.

Correlation Coefficient

-0.01

Relationship Direction	Negative
Relationship Strength	Insignificant

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Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

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

At this time, Hongli Group's Issuance Of Capital Stock is relatively stable compared to the past year. As of 11/29/2024, Enterprise Value Over EBITDA is likely to grow to 13.07, while Enterprise Value is likely to drop slightly above 22.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	537.5K	244.0K	643.0K	451.7K
Depreciation And Amortization	701.8K	655.4K	1.0M	810.1K

Interest Expense Depreciation And Amortization

Hongli Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	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	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.94	0.59	0.93	0.92	0.85	0.94	0.98	0.7	0.93	0.98	0.89	0.78	0.99	0.94	0.93	0.78	0.98	-0.37	0.87	0.17	0.9	0.87	0.6	0.93	0.99
Short Long Term Debt Total	0.94		0.74	0.93	0.74	0.69	0.78	0.96	0.45	1.0	0.87	0.88	0.83	0.93	0.78	0.78	0.83	0.94	-0.29	0.98	0.18	0.79	0.78	0.39	0.99	0.91
Other Current Liab	0.59	0.74		0.78	0.3	0.56	0.53	0.58	0.13	0.72	0.51	0.79	0.72	0.52	0.42	0.44	0.72	0.63	0.21	0.75	0.57	0.6	0.67	-0.27	0.79	0.51
Total Current Liabilities	0.93	0.93	0.78		0.75	0.79	0.87	0.88	0.61	0.92	0.89	0.99	0.79	0.87	0.84	0.88	0.79	0.96	-0.33	0.86	0.45	0.93	0.95	0.37	0.96	0.88
Total Stockholder Equity	0.92	0.74	0.3	0.75		0.86	0.95	0.88	0.84	0.74	0.96	0.72	0.6	0.93	0.96	0.92	0.6	0.87	-0.39	0.64	0.04	0.85	0.79	0.77	0.72	0.95
Other Liab	0.85	0.69	0.56	0.79	0.86		0.95	0.75	0.69	0.66	0.9	0.82	0.77	0.78	0.84	0.89	0.77	0.79	-0.21	0.59	0.25	0.89	0.89	0.46	0.71	0.84
Net Tangible Assets	0.94	0.78	0.53	0.87	0.95	0.95		0.86	0.83	0.77	0.98	0.87	0.68	0.9	0.97	0.95	0.68	0.91	-0.27	0.67	0.31	0.95	0.93	0.56	0.79	0.93
Property Plant And Equipment Net	0.98	0.96	0.58	0.88	0.88	0.75	0.86		0.59	0.96	0.94	0.82	0.77	0.99	0.88	0.84	0.77	0.96	-0.34	0.93	0.06	0.8	0.77	0.58	0.94	0.98
Current Deferred Revenue	0.7	0.45	0.13	0.61	0.84	0.69	0.83	0.59		0.48	0.78	0.62	0.18	0.69	0.9	0.8	0.18	0.72	-0.31	0.3	0.39	0.82	0.75	0.64	0.46	0.71
Net Debt	0.93	1.0	0.72	0.92	0.74	0.66	0.77	0.96	0.48		0.86	0.87	0.78	0.93	0.79	0.77	0.78	0.95	-0.28	0.98	0.21	0.78	0.77	0.4	0.99	0.91
Retained Earnings	0.98	0.87	0.51	0.89	0.96	0.9	0.98	0.94	0.78	0.86		0.87	0.74	0.96	0.97	0.96	0.74	0.96	-0.39	0.78	0.18	0.93	0.9	0.66	0.86	0.99
Accounts Payable	0.89	0.88	0.79	0.99	0.72	0.82	0.87	0.82	0.62	0.87	0.87		0.77	0.82	0.83	0.88	0.77	0.93	-0.31	0.8	0.52	0.95	0.97	0.32	0.92	0.83
Cash	0.78	0.83	0.72	0.79	0.6	0.77	0.68	0.77	0.18	0.78	0.74	0.77		0.73	0.56	0.71	1.0	0.72	-0.29	0.83	-0.01	0.66	0.7	0.29	0.84	0.75
Non Current Assets Total	0.99	0.93	0.52	0.87	0.93	0.78	0.9	0.99	0.69	0.93	0.96	0.82	0.73		0.93	0.88	0.73	0.96	-0.34	0.87	0.09	0.84	0.8	0.63	0.9	0.99
Non Currrent Assets Other	0.94	0.78	0.42	0.84	0.96	0.84	0.97	0.88	0.9	0.79	0.97	0.83	0.56	0.93		0.94	0.56	0.94	-0.35	0.67	0.3	0.93	0.89	0.66	0.78	0.94
Other Assets	0.93	0.78	0.44	0.88	0.92	0.89	0.95	0.84	0.8	0.77	0.96	0.88	0.71	0.88	0.94		0.71	0.92	-0.55	0.67	0.22	0.96	0.93	0.7	0.8	0.92
Cash And Short Term Investments	0.78	0.83	0.72	0.79	0.6	0.77	0.68	0.77	0.18	0.78	0.74	0.77	1.0	0.73	0.56	0.71		0.72	-0.29	0.83	-0.01	0.66	0.7	0.29	0.84	0.75
Net Receivables	0.98	0.94	0.63	0.96	0.87	0.79	0.91	0.96	0.72	0.95	0.96	0.93	0.72	0.96	0.94	0.92	0.72		-0.38	0.87	0.31	0.93	0.9	0.55	0.94	0.96
Common Stock Shares Outstanding	-0.37	-0.29	0.21	-0.33	-0.39	-0.21	-0.27	-0.34	-0.31	-0.28	-0.39	-0.31	-0.29	-0.34	-0.35	-0.55	-0.29	-0.38		-0.22	0.29	-0.37	-0.33	-0.79	-0.29	-0.37
Non Current Liabilities Total	0.87	0.98	0.75	0.86	0.64	0.59	0.67	0.93	0.3	0.98	0.78	0.8	0.83	0.87	0.67	0.67	0.83	0.87	-0.22		0.1	0.67	0.67	0.3	0.97	0.84
Capital Lease Obligations	0.17	0.18	0.57	0.45	0.04	0.25	0.31	0.06	0.39	0.21	0.18	0.52	-0.01	0.09	0.3	0.22	-0.01	0.31	0.29	0.1		0.48	0.53	-0.38	0.28	0.09
Inventory	0.9	0.79	0.6	0.93	0.85	0.89	0.95	0.8	0.82	0.78	0.93	0.95	0.66	0.84	0.93	0.96	0.66	0.93	-0.37	0.67	0.48		0.99	0.5	0.82	0.87
Other Current Assets	0.87	0.78	0.67	0.95	0.79	0.89	0.93	0.77	0.75	0.77	0.9	0.97	0.7	0.8	0.89	0.93	0.7	0.9	-0.33	0.67	0.53	0.99		0.41	0.83	0.83
Other Stockholder Equity	0.6	0.39	-0.27	0.37	0.77	0.46	0.56	0.58	0.64	0.4	0.66	0.32	0.29	0.63	0.66	0.7	0.29	0.55	-0.79	0.3	-0.38	0.5	0.41		0.34	0.65
Total Liab	0.93	0.99	0.79	0.96	0.72	0.71	0.79	0.94	0.46	0.99	0.86	0.92	0.84	0.9	0.78	0.8	0.84	0.94	-0.29	0.97	0.28	0.82	0.83	0.34		0.89
Net Invested Capital	0.99	0.91	0.51	0.88	0.95	0.84	0.93	0.98	0.71	0.91	0.99	0.83	0.75	0.99	0.94	0.92	0.75	0.96	-0.37	0.84	0.09	0.87	0.83	0.65	0.89

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Hongli Group Account Relationship Matchups

Pair Trading with Hongli Group

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

Moving against Hongli Stock

0.86	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.79	AUST	Austin Gold Corp	Pair Corr
0.75	AG	First Majestic Silver	Pair Corr
0.73	CENX	Century Aluminum	Pair Corr
0.55	GROY	Gold Royalty Corp	Pair Corr

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

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

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

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Hongli Free Cash Flow Yield vs Average Payables Analysis

Free Cash Flow Yield vs Average Payables

Free Cash Flow Yield vs Average Payables Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Average Payables

Hongli Group fundamental ratios Correlations

Hongli Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Hongli Group

Moving against Hongli Stock

Additional Tools for Hongli Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Net Invested Capital	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Accounts Payable	+ 0.99	Total Current Liabilities

Other Stockholder Equity	- 0.79	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.55	Other Assets
Common Stock Shares Outstanding	- 0.39	Retained Earnings
Common Stock Shares Outstanding	- 0.39	Total Stockholder Equity
Other Stockholder Equity	- 0.38	Capital Lease Obligations
Common Stock Shares Outstanding	- 0.38	Net Receivables