Hometown Total Current Assets vs Total Current Liabilities Analysis
| HWIN Stock | USD 1.75 0.00 0.00% |
Hometown International financial indicator trend analysis is much more than just examining Hometown International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hometown International is a good investment. Please check the relationship between Hometown International Total Current Assets and its Total Current Liabilities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hometown International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Hometown Stock, please use our How to Invest in Hometown International guide.
Total Current Assets vs Total Current Liabilities
Total Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hometown International Total Current Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hometown International's Total Current Assets and Total Current Liabilities is -0.24. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Hometown International, assuming nothing else is changed. The correlation between historical values of Hometown International's Total Current Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Hometown International are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Current Assets i.e., Hometown International's Total Current Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.24 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Current Liabilities
Total Current Liabilities is an item on Hometown International balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hometown International are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Hometown International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hometown International 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 Hometown International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Hometown Stock, please use our How to Invest in Hometown International guide.As of the 30th of January 2025, Selling General Administrative is likely to drop to about 272 K. In addition to that, Sales General And Administrative To Revenue is likely to drop to 9.34
| 2020 | 2021 | 2024 | 2025 (projected) | Total Operating Expenses | 638.4K | 511.2K | 587.9K | 320.1K | Cost Of Revenue | 17.5K | 45.3K | 40.8K | 30.8K |
Hometown International fundamental ratios Correlations
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Hometown International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hometown International fundamental ratios Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Assets | 14.9K | 20.8K | 1.6M | 1.2M | 1.3M | 1.4M | |
| Total Current Liabilities | 368.0K | 489.5K | 70.1K | 233.8K | 268.8K | 277.1K | |
| Total Stockholder Equity | (353.2K) | (471.6K) | 1.5M | 1.1M | 1.2M | 1.3M | |
| Net Tangible Assets | (353.2K) | (471.6K) | 1.5M | (161.5K) | (185.7K) | (176.4K) | |
| Retained Earnings | (657.6K) | (806.9K) | (1.4M) | (331.5K) | (298.4K) | (313.3K) | |
| Accounts Payable | 138.5K | 69.0K | 2.4K | 48.8K | 43.9K | 58.7K | |
| Cash | 609.0 | 5.4K | 1.4M | 1.1M | 1.3M | 1.4M | |
| Inventory | 906.0 | 1.0K | 954.0 | 3.4K | 3.9K | 4.1K | |
| Total Liab | 368.0K | 492.4K | 70.1K | 75.3K | 67.7K | 64.4K | |
| Total Current Assets | 1.5K | 6.4K | 1.6M | 72.3K | 83.1K | 79.0K | |
| Property Plant Equipment | 13.4K | 14.4K | 3.2K | 8.3K | 7.5K | 13.9K | |
| Non Current Assets Total | 13.4K | 14.4K | 3.2K | 8.3K | 7.5K | 11.7K | |
| Net Invested Capital | (157.6K) | (109.5K) | 1.5M | 1.1M | 1.2M | 1.3M | |
| Net Working Capital | (366.5K) | (483.1K) | 1.5M | 1.1M | 1.2M | 1.3M |
Pair Trading with Hometown International
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 Hometown International 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 Hometown International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hometown International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hometown International 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 Hometown International - 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 Hometown International to buy it.
The correlation of Hometown International 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 Hometown International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hometown International 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 Hometown International 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hometown International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Hometown Stock, please use our How to Invest in Hometown International guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Consumer Staples Distribution & Retail 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 Hometown International. If investors know Hometown 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 Hometown International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Hometown International is measured differently than its book value, which is the value of Hometown that is recorded on the company's balance sheet. Investors also form their own opinion of Hometown International's value that differs from its market value or its book value, called intrinsic value, which is Hometown International'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 Hometown International's market value can be influenced by many factors that don't directly affect Hometown International'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 Hometown International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hometown International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hometown International'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.