Sturm Inventory vs Other Stockholder Equity Analysis

RGR Stock  USD 38.53  0.56  1.47%   
Sturm Ruger financial indicator trend analysis is much more than just breaking down Sturm Ruger prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sturm Ruger is a good investment. Please check the relationship between Sturm Ruger Inventory and its Other Stockholder Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sturm Ruger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Sturm Stock, please use our How to Invest in Sturm Ruger guide.

Inventory vs Other Stockholder Equity

Inventory vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sturm Ruger Inventory account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Sturm Ruger's Inventory and Other Stockholder Equity is -0.54. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Sturm Ruger, assuming nothing else is changed. The correlation between historical values of Sturm Ruger's Inventory and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Sturm Ruger are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Inventory i.e., Sturm Ruger's Inventory and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.54
Relationship DirectionNegative 
Relationship StrengthVery Weak

Inventory

Other Stockholder Equity

Most indicators from Sturm Ruger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sturm Ruger 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 Sturm Ruger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Sturm Stock, please use our How to Invest in Sturm Ruger guide.As of 11/26/2024, Selling General Administrative is likely to drop to about 30.1 M. In addition to that, Tax Provision is likely to drop to about 10.1 M
 2021 2022 2023 2024 (projected)
Gross Profit279.6M180.1M143.4M102.1M
Total Revenue730.7M595.8M543.8M326.4M

Sturm Ruger fundamental ratios Correlations

0.480.780.960.43-0.040.780.050.740.420.830.73-0.75-0.590.460.17-0.670.670.380.97-0.10.140.15-0.10.620.02
0.480.760.290.29-0.30.180.320.4-0.030.280.44-0.190.070.420.25-0.050.790.490.45-0.39-0.39-0.29-0.010.09-0.01
0.780.760.580.44-0.280.40.290.620.30.610.71-0.54-0.20.250.1-0.290.980.350.730.02-0.150.270.00.33-0.03
0.960.290.580.380.080.84-0.070.70.420.820.64-0.73-0.710.480.14-0.750.450.320.94-0.120.250.08-0.10.670.05
0.430.290.440.38-0.270.170.250.89-0.18-0.040.82-0.51-0.230.10.28-0.140.39-0.070.20.38-0.280.36-0.12-0.32-0.15
-0.04-0.3-0.280.08-0.270.26-1.0-0.060.360.02-0.370.0-0.310.270.07-0.28-0.330.23-0.02-0.180.58-0.28-0.250.43-0.12
0.780.180.40.840.170.26-0.210.470.630.710.39-0.75-0.770.690.15-0.920.290.60.8-0.250.57-0.04-0.490.65-0.38
0.050.320.29-0.070.25-1.0-0.210.05-0.310.00.37-0.020.29-0.22-0.050.240.34-0.170.040.15-0.530.270.19-0.410.06
0.740.40.620.70.89-0.060.470.050.160.270.9-0.67-0.430.370.36-0.390.550.20.540.23-0.020.27-0.190.04-0.11
0.42-0.030.30.42-0.180.360.63-0.310.160.440.14-0.41-0.490.50.02-0.590.250.620.470.00.80.22-0.450.5-0.31
0.830.280.610.82-0.040.020.710.00.270.440.33-0.57-0.540.21-0.14-0.660.520.230.94-0.190.170.090.10.880.14
0.730.440.710.640.82-0.370.390.370.90.140.33-0.68-0.250.190.32-0.280.660.120.570.29-0.150.46-0.15-0.03-0.09
-0.75-0.19-0.54-0.73-0.510.0-0.75-0.02-0.67-0.41-0.57-0.680.41-0.29-0.180.76-0.48-0.31-0.68-0.22-0.3-0.290.48-0.310.42
-0.590.07-0.2-0.71-0.23-0.31-0.770.29-0.43-0.49-0.54-0.250.41-0.480.210.78-0.02-0.27-0.580.09-0.46-0.030.06-0.60.0
0.460.420.250.480.10.270.69-0.220.370.50.210.19-0.29-0.480.41-0.540.20.880.43-0.570.51-0.4-0.60.27-0.4
0.170.250.10.140.280.070.15-0.050.360.02-0.140.32-0.180.210.410.140.170.340.07-0.230.030.02-0.57-0.2-0.47
-0.67-0.05-0.29-0.75-0.14-0.28-0.920.24-0.39-0.59-0.66-0.280.760.78-0.540.14-0.17-0.47-0.690.09-0.590.080.37-0.620.26
0.670.790.980.450.39-0.330.290.340.550.250.520.66-0.48-0.020.20.17-0.170.360.630.01-0.210.26-0.050.23-0.09
0.380.490.350.32-0.070.230.6-0.170.20.620.230.12-0.31-0.270.880.34-0.470.360.39-0.570.54-0.28-0.670.26-0.47
0.970.450.730.940.2-0.020.80.040.540.470.940.57-0.68-0.580.430.07-0.690.630.39-0.210.180.08-0.050.760.06
-0.1-0.390.02-0.120.38-0.18-0.250.150.230.0-0.190.29-0.220.09-0.57-0.230.090.01-0.57-0.21-0.040.610.17-0.340.03
0.14-0.39-0.150.25-0.280.580.57-0.53-0.020.80.17-0.15-0.3-0.460.510.03-0.59-0.210.540.18-0.040.04-0.590.36-0.4
0.15-0.290.270.080.36-0.28-0.040.270.270.220.090.46-0.29-0.03-0.40.020.080.26-0.280.080.610.04-0.05-0.13-0.14
-0.1-0.010.0-0.1-0.12-0.25-0.490.19-0.19-0.450.1-0.150.480.06-0.6-0.570.37-0.05-0.67-0.050.17-0.59-0.050.120.9
0.620.090.330.67-0.320.430.65-0.410.040.50.88-0.03-0.31-0.60.27-0.2-0.620.230.260.76-0.340.36-0.130.120.2
0.02-0.01-0.030.05-0.15-0.12-0.380.06-0.11-0.310.14-0.090.420.0-0.4-0.470.26-0.09-0.470.060.03-0.4-0.140.90.2
Click cells to compare fundamentals

Sturm Ruger Account Relationship Matchups

Sturm Ruger fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets349.0M348.3M442.3M484.8M398.8M226.7M
Other Current Liab735K1.1M49.2M147.6M40.0M28.0M
Total Current Liabilities61.2M81.8M77.1M163.1M63.2M43.9M
Total Stockholder Equity285.5M264.7M363.7M316.7M331.7M170.0M
Property Plant And Equipment Net73.9M70.7M73.6M76.9M71.5M54.0M
Net Debt(33.2M)(18.4M)(19.6M)(62.1M)(13.0M)(13.7M)
Retained Earnings368.2M342.6M438.1M393.1M418.1M439.0M
Cash35.4M20.1M21.0M65.2M15.2M22.6M
Non Current Assets Total99.6M113.9M113.6M122.9M127.4M74.8M
Non Currrent Assets Other20.3M41.6M9.0M28.4M33.0M34.7M
Cash And Short Term Investments164.9M141.2M221.0M224.3M117.7M60.8M
Net Receivables52.6M57.9M57.0M65.4M59.9M33.7M
Common Stock Shares Outstanding17.8M17.8M17.8M17.8M17.8M18.9M
Liabilities And Stockholders Equity349.0M348.3M442.3M484.8M398.8M226.7M
Non Current Liabilities Total2.3M1.8M1.6M5.0M3.9M3.7M
Inventory28.3M29.1M43.9M65.0M79.8M83.8M
Other Current Assets3.5M6.3M13.7M7.1M14.1M13.6M
Other Stockholder Equity(106.9M)(102.1M)(98.7M)(100.7M)(110.8M)(105.2M)
Total Liab63.5M83.6M78.7M168.0M67.1M56.8M
Property Plant And Equipment Gross76.5M72.9M73.6M447.1M462.4M485.5M
Total Current Assets249.3M234.4M328.7M361.8M271.4M151.9M
Short Term Debt21.1M43.5M249K642K51.3M53.9M
Accounts Payable29.8M37.1M12.2M13.3M11.1M13.0M
Common Stock Total Equity24.2M24.2M24.3M24.4M21.9M19.7M
Short Term Investments129.5M121.0M200.0M159.1M102.5M59.5M
Common Stock24.2M24.2M24.3M24.4M24.4M19.7M
Other Liab83K74K97K1.9M1.7M1.6M
Other Assets20.7M28.4M40.0M30.8M35.4M18.4M
Intangible Assets2.4M12.6M12.5M11.6M10.9M11.5M
Property Plant Equipment73.9M70.7M73.6M76.9M88.4M64.9M
Net Tangible Assets287.6M266.4M365.1M321.6M369.9M260.9M
Retained Earnings Total Equity368.2M342.6M438.1M393.1M452.1M291.3M
Capital Surpluse38.7M43.5M46.8M45.1M51.8M32.9M
Non Current Liabilities Other83K74K97K73K65.7K62.4K

Pair Trading with Sturm Ruger

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 Sturm Ruger 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 Sturm Ruger will appreciate offsetting losses from the drop in the long position's value.

Moving against Sturm Stock

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  0.61HBI HanesbrandsPairCorr
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  0.5GIL Gildan ActivewearPairCorr
  0.47VSTO Vista OutdoorPairCorr
The ability to find closely correlated positions to Sturm Ruger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sturm Ruger 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 Sturm Ruger - 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 Sturm Ruger to buy it.
The correlation of Sturm Ruger 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 Sturm Ruger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sturm Ruger 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 Sturm Ruger 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 CorrelationCorrelation Matching

Additional Tools for Sturm Stock Analysis

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