Ispire Net Working Capital vs Intangible Assets Analysis

ISPR Stock

6.25 0.04 0.64%

Ispire Technology financial indicator trend analysis is infinitely more than just investigating Ispire Technology Common recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ispire Technology Common is a good investment. Please check the relationship between Ispire Technology Net Working Capital and its Intangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ispire Technology Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Net Working Capital vs Intangible Assets

Net Working Capital vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ispire Technology Common Net Working Capital account and Intangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ispire Technology's Net Working Capital and Intangible Assets is -0.28. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Ispire Technology Common, assuming nothing else is changed. The correlation between historical values of Ispire Technology's Net Working Capital and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Ispire Technology Common are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Working Capital i.e., Ispire Technology's Net Working Capital and Intangible Assets go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Working Capital

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

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

At this time, Ispire Technology's Issuance Of Capital Stock is relatively stable compared to the past year. As of 11/22/2024, Sales General And Administrative To Revenue is likely to grow to 0.26, while Tax Provision is likely to drop slightly above 1.2 M.

	2021	2022	2023	2024 (projected)
Net Interest Income	5.1K	195.2K	365.3K	383.5K
Tax Provision	1.1M	1.2M	1.3M	1.2M

Net Interest Income Tax Provision

Ispire Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	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	Property Plant And Equipment Gross	Total Current Assets	Capital Stock
Total Assets		0.51	-0.53	0.08	0.66	0.63	0.68	0.96	0.72	-0.9	0.85	-0.71	0.9	-0.79	0.89	0.67	0.41	0.51	0.45	-0.08	0.81	0.13	0.66	0.7	0.85	0.79
Short Long Term Debt Total	0.51		-1.0	-0.64	0.98	0.96	0.97	0.42	0.94	-0.77	0.87	-0.95	0.73	-0.92	0.77	0.62	0.99	1.0	0.37	0.81	0.86	-0.57	0.98	0.96	0.05	0.84
Other Current Liab	-0.53	-1.0		0.65	-0.97	-0.94	-0.97	-0.45	-0.95	0.8	-0.88	0.97	-0.76	0.94	-0.79	-0.66	-0.99	-1.0	-0.42	-0.79	-0.88	0.58	-0.97	-0.96	-0.09	-0.87
Total Current Liabilities	0.08	-0.64	0.65		-0.52	-0.42	-0.48	0.24	-0.56	0.36	-0.29	0.51	-0.35	0.44	-0.38	-0.6	-0.7	-0.64	-0.09	-0.89	-0.5	1.0	-0.52	-0.45	0.28	-0.55
Total Stockholder Equity	0.66	0.98	-0.97	-0.52		0.99	1.0	0.56	0.95	-0.86	0.93	-0.97	0.83	-0.96	0.85	0.65	0.95	0.98	0.32	0.68	0.92	-0.44	1.0	1.0	0.21	0.89
Net Tangible Assets	0.63	0.96	-0.94	-0.42	0.99		0.99	0.56	0.89	-0.8	0.92	-0.93	0.76	-0.92	0.78	0.52	0.93	0.96	0.28	0.65	0.85	-0.34	0.99	0.99	0.14	0.81
Property Plant And Equipment Net	0.68	0.97	-0.97	-0.48	1.0	0.99		0.6	0.95	-0.86	0.95	-0.98	0.83	-0.97	0.85	0.64	0.94	0.97	0.38	0.65	0.91	-0.4	1.0	1.0	0.23	0.89
Current Deferred Revenue	0.96	0.42	-0.45	0.24	0.56	0.56	0.6		0.64	-0.8	0.81	-0.65	0.79	-0.73	0.79	0.52	0.32	0.42	0.58	-0.19	0.69	0.3	0.56	0.63	0.85	0.66
Net Debt	0.72	0.94	-0.95	-0.56	0.95	0.89	0.95	0.64		-0.93	0.95	-0.99	0.9	-0.99	0.93	0.81	0.9	0.94	0.55	0.62	0.97	-0.5	0.95	0.95	0.38	0.96
Retained Earnings	-0.9	-0.77	0.8	0.36	-0.86	-0.8	-0.86	-0.8	-0.93		-0.94	0.9	-1.0	0.94	-1.0	-0.88	-0.72	-0.77	-0.45	-0.34	-0.98	0.31	-0.86	-0.87	-0.65	-0.98
Accounts Payable	0.85	0.87	-0.88	-0.29	0.93	0.92	0.95	0.81	0.95	-0.94		-0.97	0.91	-0.99	0.93	0.69	0.81	0.87	0.55	0.42	0.93	-0.22	0.93	0.96	0.49	0.91
Cash	-0.71	-0.95	0.97	0.51	-0.97	-0.93	-0.98	-0.65	-0.99	0.9	-0.97		-0.87	0.99	-0.9	-0.74	-0.92	-0.95	-0.54	-0.62	-0.94	0.44	-0.97	-0.97	-0.33	-0.93
Non Current Assets Total	0.9	0.73	-0.76	-0.35	0.83	0.76	0.83	0.79	0.9	-1.0	0.91	-0.87		-0.91	1.0	0.89	0.67	0.73	0.42	0.3	0.98	-0.3	0.83	0.84	0.69	0.97
Cash And Short Term Investments	-0.79	-0.92	0.94	0.44	-0.96	-0.92	-0.97	-0.73	-0.99	0.94	-0.99	0.99	-0.91		-0.93	-0.75	-0.88	-0.92	-0.55	-0.54	-0.96	0.37	-0.96	-0.97	-0.42	-0.94
Net Receivables	0.89	0.77	-0.79	-0.38	0.85	0.78	0.85	0.79	0.93	-1.0	0.93	-0.9	1.0	-0.93		0.89	0.71	0.77	0.47	0.34	0.98	-0.33	0.85	0.86	0.66	0.98
Common Stock Shares Outstanding	0.67	0.62	-0.66	-0.6	0.65	0.52	0.64	0.52	0.81	-0.88	0.69	-0.74	0.89	-0.75	0.89		0.59	0.62	0.42	0.38	0.89	-0.59	0.65	0.64	0.59	0.92
Non Current Liabilities Total	0.41	0.99	-0.99	-0.7	0.95	0.93	0.94	0.32	0.9	-0.72	0.81	-0.92	0.67	-0.88	0.71	0.59		0.99	0.32	0.86	0.82	-0.64	0.95	0.93	-0.05	0.8
Capital Lease Obligations	0.51	1.0	-1.0	-0.64	0.98	0.96	0.97	0.42	0.94	-0.77	0.87	-0.95	0.73	-0.92	0.77	0.62	0.99		0.37	0.81	0.86	-0.57	0.98	0.96	0.05	0.84
Inventory	0.45	0.37	-0.42	-0.09	0.32	0.28	0.38	0.58	0.55	-0.45	0.55	-0.54	0.42	-0.55	0.47	0.42	0.32	0.37		0.09	0.42	-0.06	0.32	0.37	0.44	0.43
Other Current Assets	-0.08	0.81	-0.79	-0.89	0.68	0.65	0.65	-0.19	0.62	-0.34	0.42	-0.62	0.3	-0.54	0.34	0.38	0.86	0.81	0.09		0.5	-0.86	0.68	0.62	-0.46	0.51
Other Stockholder Equity	0.81	0.86	-0.88	-0.5	0.92	0.85	0.91	0.69	0.97	-0.98	0.93	-0.94	0.98	-0.96	0.98	0.89	0.82	0.86	0.42	0.5		-0.45	0.92	0.91	0.52	1.0
Total Liab	0.13	-0.57	0.58	1.0	-0.44	-0.34	-0.4	0.3	-0.5	0.31	-0.22	0.44	-0.3	0.37	-0.33	-0.59	-0.64	-0.57	-0.06	-0.86	-0.45		-0.44	-0.37	0.29	-0.5
Net Invested Capital	0.66	0.98	-0.97	-0.52	1.0	0.99	1.0	0.56	0.95	-0.86	0.93	-0.97	0.83	-0.96	0.85	0.65	0.95	0.98	0.32	0.68	0.92	-0.44		1.0	0.21	0.89
Property Plant And Equipment Gross	0.7	0.96	-0.96	-0.45	1.0	0.99	1.0	0.63	0.95	-0.87	0.96	-0.97	0.84	-0.97	0.86	0.64	0.93	0.96	0.37	0.62	0.91	-0.37	1.0		0.26	0.89
Total Current Assets	0.85	0.05	-0.09	0.28	0.21	0.14	0.23	0.85	0.38	-0.65	0.49	-0.33	0.69	-0.42	0.66	0.59	-0.05	0.05	0.44	-0.46	0.52	0.29	0.21	0.26		0.52
Capital Stock	0.79	0.84	-0.87	-0.55	0.89	0.81	0.89	0.66	0.96	-0.98	0.91	-0.93	0.97	-0.94	0.98	0.92	0.8	0.84	0.43	0.51	1.0	-0.5	0.89	0.89	0.52

Click cells to compare fundamentals

Ispire Technology Account Relationship Matchups

Pair Trading with Ispire Technology

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 Ispire Technology 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 Ispire Technology will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ispire Stock

0.71	CPB	Campbell Soup	Pair Corr
0.64	FLO	Flowers Foods	Pair Corr

Moving against Ispire Stock

0.62	PPC	Pilgrims Pride Corp	Pair Corr
0.59	BJ	BJs Wholesale Club Buyout Trend	Pair Corr
0.55	K	Kellanova	Pair Corr
0.55	TPB	Turning Point Brands	Pair Corr
0.48	PM	Philip Morris Intern	Pair Corr

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

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

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC