Tidewater Net Invested Capital vs Long Term Debt Analysis
| LCFS Stock | 0.90 0.05 5.88% |
Tidewater Renewables financial indicator trend analysis is much more than just breaking down Tidewater Renewables prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tidewater Renewables is a good investment. Please check the relationship between Tidewater Renewables Net Invested Capital and its Long Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Tidewater Renewables. 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.
Net Invested Capital vs Long Term Debt
Net Invested Capital vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tidewater Renewables Net Invested Capital account and Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Tidewater Renewables' Net Invested Capital and Long Term Debt is 0.83. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Tidewater Renewables, assuming nothing else is changed. The correlation between historical values of Tidewater Renewables' Net Invested Capital and Long Term Debt 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 Invested Capital of Tidewater Renewables are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Invested Capital i.e., Tidewater Renewables' Net Invested Capital and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.83 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Long Term Debt
Long-term debt is a debt that Tidewater Renewables has held for over one year. Long-term debt appears on Tidewater Renewables balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Tidewater Renewables balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Tidewater Renewables' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tidewater Renewables 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Tidewater Renewables. 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. As of the 25th of November 2024, Selling General Administrative is likely to grow to about 15.2 M, though Tax Provision is likely to grow to (21.7 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.5M | 7.2M | 37.2M | 39.1M | Depreciation And Amortization | 6.7M | 19.6M | 25.7M | 27.0M |
Tidewater Renewables fundamental ratios Correlations
Click cells to compare fundamentals
Tidewater Renewables Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Tidewater Renewables
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 Tidewater Renewables 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 Tidewater Renewables will appreciate offsetting losses from the drop in the long position's value.Moving against Tidewater Stock
| 0.82 | BOFA | Bank of America | PairCorr |
| 0.77 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.72 | RY-PM | Royal Bank | PairCorr |
| 0.72 | RY-PJ | Royal Bank | PairCorr |
| 0.7 | JPM | JPMorgan Chase | PairCorr |
The ability to find closely correlated positions to Tidewater Renewables could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tidewater Renewables 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 Tidewater Renewables - 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 Tidewater Renewables to buy it.
The correlation of Tidewater Renewables 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 Tidewater Renewables moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tidewater Renewables 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 Tidewater Renewables 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 Tidewater Stock
Balance Sheet is a snapshot of the financial position of Tidewater Renewables at a specified time, usually calculated after every quarter, six months, or one year. Tidewater Renewables Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tidewater Renewables 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 Tidewater currently owns. An asset can also be divided into two categories, current and non-current.