Hyzon Retained Earnings vs Cash Analysis
| HYZN Stock | USD 1.70 0.01 0.58% |
Hyzon Motors financial indicator trend analysis is much more than just examining Hyzon Motors latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hyzon Motors is a good investment. Please check the relationship between Hyzon Motors Retained Earnings and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hyzon Motors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Hyzon Stock, please use our How to Invest in Hyzon Motors guide.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hyzon Motors Retained Earnings account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hyzon Motors' Retained Earnings and Cash is -0.34. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Hyzon Motors, assuming nothing else is changed. The correlation between historical values of Hyzon Motors' Retained Earnings and 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 Retained Earnings of Hyzon Motors are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Hyzon Motors' Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | -0.34 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.Cash
Cash refers to the most liquid asset of Hyzon Motors, which is listed under current asset account on Hyzon Motors balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hyzon Motors customers. The amounts must be unrestricted with restricted cash listed in a different Hyzon Motors account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Hyzon Motors' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hyzon Motors 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 Hyzon Motors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Hyzon Stock, please use our How to Invest in Hyzon Motors guide.As of the 23rd of November 2024, Selling General Administrative is likely to drop to about 77.6 M. In addition to that, Tax Provision is likely to grow to about (467.4 K)
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 5.2M | 2.3M | 2.7M | 2.8M | Depreciation And Amortization | 236.6K | 3.7M | 4.0M | 2.2M |
Hyzon Motors fundamental ratios Correlations
Click cells to compare fundamentals
Hyzon Motors Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Hyzon Motors
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 Hyzon Motors 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 Hyzon Motors will appreciate offsetting losses from the drop in the long position's value.Moving together with Hyzon Stock
Moving against Hyzon Stock
| 0.9 | EVRI | Everi Holdings | PairCorr |
| 0.8 | AGS | PlayAGS | PairCorr |
| 0.75 | HD | Home Depot | PairCorr |
| 0.7 | FLXS | Flexsteel Industries | PairCorr |
| 0.67 | DORM | Dorman Products | PairCorr |
The ability to find closely correlated positions to Hyzon Motors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyzon Motors 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 Hyzon Motors - 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 Hyzon Motors to buy it.
The correlation of Hyzon Motors 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 Hyzon Motors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyzon Motors 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 Hyzon Motors 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 Hyzon Motors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Hyzon Stock, please use our How to Invest in Hyzon Motors guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Automotive Parts & Equipment 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 Hyzon Motors. If investors know Hyzon 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 Hyzon Motors listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (34.43) | Revenue Per Share 2.152 | Quarterly Revenue Growth (0.62) | Return On Assets (0.50) | Return On Equity (1.33) |
The market value of Hyzon Motors is measured differently than its book value, which is the value of Hyzon that is recorded on the company's balance sheet. Investors also form their own opinion of Hyzon Motors' value that differs from its market value or its book value, called intrinsic value, which is Hyzon Motors' 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 Hyzon Motors' market value can be influenced by many factors that don't directly affect Hyzon Motors' 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 Hyzon Motors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hyzon Motors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hyzon Motors' 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.