PHINIA Long Term Debt vs Cash And Short Term Investments Analysis
| PHIN Stock | 55.06 0.87 1.61% |
PHINIA financial indicator trend analysis is much more than just breaking down PHINIA Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PHINIA Inc is a good investment. Please check the relationship between PHINIA Long Term Debt and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PHINIA Inc. 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.
Long Term Debt vs Cash And Short Term Investments
Long Term Debt vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PHINIA Inc Long Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between PHINIA's Long Term Debt and Cash And Short Term Investments is 0.95. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of PHINIA Inc, assuming nothing else is changed. The correlation between historical values of PHINIA's Long Term Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of PHINIA Inc are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Long Term Debt i.e., PHINIA's Long Term Debt and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that PHINIA Inc has held for over one year. Long-term debt appears on PHINIA Inc 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 PHINIA Inc 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of PHINIA Inc balance sheet. This account contains PHINIA investments that will expire within one year. These investments include stocks and bonds that can be liquidated by PHINIA Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from PHINIA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PHINIA Inc 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PHINIA Inc. 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. At this time, PHINIA's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 4.65, while Tax Provision is likely to drop about 62.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 204M | 170M | 171M | 166.9M | Interest Income | 5M | 6M | 13M | 6.9M |
PHINIA fundamental ratios Correlations
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PHINIA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with PHINIA
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 PHINIA 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 PHINIA will appreciate offsetting losses from the drop in the long position's value.Moving together with PHINIA Stock
Moving against PHINIA Stock
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| 0.51 | DAN | Dana Inc | PairCorr |
| 0.46 | FOXF | Fox Factory Holding | PairCorr |
| 0.41 | ADNT | Adient PLC | PairCorr |
| 0.38 | SUP | Superior Industries | PairCorr |
The ability to find closely correlated positions to PHINIA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PHINIA 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 PHINIA - 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 PHINIA Inc to buy it.
The correlation of PHINIA 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 PHINIA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PHINIA Inc 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 PHINIA 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PHINIA Inc. 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. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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 PHINIA. If investors know PHINIA 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 PHINIA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.991 | Dividend Share 1 | Earnings Share 2.34 | Revenue Per Share 76.414 | Quarterly Revenue Growth (0.06) |
The market value of PHINIA Inc is measured differently than its book value, which is the value of PHINIA that is recorded on the company's balance sheet. Investors also form their own opinion of PHINIA's value that differs from its market value or its book value, called intrinsic value, which is PHINIA'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 PHINIA's market value can be influenced by many factors that don't directly affect PHINIA'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 PHINIA's value and its price as these two are different measures arrived at by different means. Investors typically determine if PHINIA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PHINIA'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.