Solid Short Term Debt vs Common Stock Analysis

SLDP Stock

USD 1.10 0.03 2.80%

Solid Power financial indicator trend analysis is much more than just breaking down Solid Power prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solid Power is a good investment. Please check the relationship between Solid Power Short Term Debt and its Common Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solid Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Solid Stock, please use our How to Invest in Solid Power guide.

Short Term Debt vs Common Stock

Short Term Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solid Power Short Term Debt account and Common Stock. At this time, the significance of the direction appears to have weak relationship.

The correlation between Solid Power's Short Term Debt and Common Stock is 0.31. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Solid Power, assuming nothing else is changed. The correlation between historical values of Solid Power's Short Term Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Solid Power are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Term Debt i.e., Solid Power's Short Term Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Short Term Debt

Common Stock

Most indicators from Solid Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solid Power 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Solid Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Solid Stock, please use our How to Invest in Solid Power guide.As of 11/22/2024, Selling General Administrative is likely to grow to about 27.5 M, though Tax Provision is likely to grow to (148.2 K).

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.4M	5.9M	12.7M	13.4M
Interest Income	56K	4.7M	15.4M	16.2M

Depreciation And Amortization Interest Income

Solid Power fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets
Total Assets		0.01	0.85	0.91	1.0	0.77	0.96	0.78	0.62	-0.6	-0.25	0.93	0.61	0.74	0.96	-0.98	0.91	0.91	0.24	0.8	0.94	0.95	1.0	0.77	-0.89	0.92
Short Long Term Debt Total	0.01		0.29	0.41	0.03	-0.63	0.1	0.5	0.51	0.78	-0.31	0.34	-0.77	0.53	0.02	-0.07	-0.38	0.42	0.09	-0.59	0.04	-0.28	0.03	0.46	-0.14	-0.37
Other Current Liab	0.85	0.29		0.86	0.86	0.51	0.96	0.97	0.52	-0.23	-0.54	0.84	0.24	0.96	0.95	-0.93	0.65	0.88	0.21	0.52	0.89	0.73	0.85	0.98	-0.87	0.65
Total Current Liabilities	0.91	0.41	0.86		0.92	0.44	0.89	0.89	0.82	-0.24	-0.32	0.99	0.25	0.86	0.86	-0.91	0.69	1.0	0.24	0.49	0.84	0.76	0.91	0.85	-0.85	0.69
Total Stockholder Equity	1.0	0.03	0.86	0.92		0.75	0.96	0.79	0.63	-0.59	-0.26	0.93	0.59	0.75	0.96	-0.98	0.9	0.92	0.24	0.78	0.95	0.94	1.0	0.78	-0.89	0.91
Other Liab	0.77	-0.63	0.51	0.44	0.75		0.7	0.32	0.13	-0.95	-0.07	0.49	0.95	0.27	0.75	-0.73	0.94	0.44	0.07	0.99	0.71	0.92	0.74	0.34	-0.59	0.94
Net Tangible Assets	0.96	0.1	0.96	0.89	0.96	0.7		0.89	0.58	-0.47	-0.35	0.9	0.48	0.87	0.99	-0.99	0.83	0.9	0.3	0.71	0.94	0.88	0.96	0.89	-0.94	0.84
Property Plant And Equipment Net	0.78	0.5	0.97	0.89	0.79	0.32	0.89		0.64	-0.03	-0.53	0.86	0.04	1.0	0.86	-0.87	0.52	0.9	0.23	0.35	0.8	0.61	0.78	0.99	-0.83	0.52
Current Deferred Revenue	0.62	0.51	0.52	0.82	0.63	0.13	0.58	0.64		0.0	0.03	0.84	0.01	0.6	0.49	-0.59	0.45	0.8	0.27	0.23	0.41	0.49	0.64	0.56	-0.62	0.46
Net Debt	-0.6	0.78	-0.23	-0.24	-0.59	-0.95	-0.47	-0.03	0.0		-0.16	-0.3	-1.0	0.03	-0.53	0.51	-0.85	-0.23	-0.09	-0.94	-0.53	-0.8	-0.59	-0.04	0.41	-0.85
Retained Earnings	-0.25	-0.31	-0.54	-0.32	-0.26	-0.07	-0.35	-0.53	0.03	-0.16		-0.26	0.16	-0.56	-0.44	0.4	-0.06	-0.34	0.61	-0.05	-0.39	-0.16	-0.19	-0.58	0.05	-0.06
Accounts Payable	0.93	0.34	0.84	0.99	0.93	0.49	0.9	0.86	0.84	-0.3	-0.26		0.31	0.82	0.86	-0.92	0.74	0.99	0.24	0.55	0.83	0.8	0.93	0.82	-0.85	0.74
Cash	0.61	-0.77	0.24	0.25	0.59	0.95	0.48	0.04	0.01	-1.0	0.16	0.31		-0.02	0.53	-0.52	0.86	0.24	0.09	0.94	0.54	0.8	0.59	0.05	-0.42	0.85
Non Current Assets Total	0.74	0.53	0.96	0.86	0.75	0.27	0.87	1.0	0.6	0.03	-0.56	0.82	-0.02		0.83	-0.83	0.46	0.88	0.22	0.29	0.77	0.55	0.74	1.0	-0.8	0.46
Non Currrent Assets Other	0.96	0.02	0.95	0.86	0.96	0.75	0.99	0.86	0.49	-0.53	-0.44	0.86	0.53	0.83		-0.99	0.85	0.87	0.17	0.76	0.96	0.91	0.94	0.87	-0.88	0.86
Long Term Debt	-0.98	-0.07	-0.93	-0.91	-0.98	-0.73	-0.99	-0.87	-0.59	0.51	0.4	-0.92	-0.52	-0.83	-0.99		-0.87	-0.91	-0.17	-0.76	-0.94	-0.92	-0.97	-0.86	0.88	-0.87
Cash And Short Term Investments	0.91	-0.38	0.65	0.69	0.9	0.94	0.83	0.52	0.45	-0.85	-0.06	0.74	0.86	0.46	0.85	-0.87		0.68	0.18	0.97	0.8	0.99	0.9	0.5	-0.76	1.0
Net Receivables	0.91	0.42	0.88	1.0	0.92	0.44	0.9	0.9	0.8	-0.23	-0.34	0.99	0.24	0.88	0.87	-0.91	0.68		0.24	0.49	0.86	0.75	0.92	0.87	-0.85	0.68
Common Stock Shares Outstanding	0.24	0.09	0.21	0.24	0.24	0.07	0.3	0.23	0.27	-0.09	0.61	0.24	0.09	0.22	0.17	-0.17	0.18	0.24		0.09	0.24	0.16	0.33	0.21	-0.61	0.18
Non Current Liabilities Total	0.8	-0.59	0.52	0.49	0.78	0.99	0.71	0.35	0.23	-0.94	-0.05	0.55	0.94	0.29	0.76	-0.76	0.97	0.49	0.09		0.71	0.94	0.77	0.35	-0.62	0.97
Other Current Assets	0.94	0.04	0.89	0.84	0.95	0.71	0.94	0.8	0.41	-0.53	-0.39	0.83	0.54	0.77	0.96	-0.94	0.8	0.86	0.24	0.71		0.86	0.94	0.81	-0.85	0.81
Total Liab	0.95	-0.28	0.73	0.76	0.94	0.92	0.88	0.61	0.49	-0.8	-0.16	0.8	0.8	0.55	0.91	-0.92	0.99	0.75	0.16	0.94	0.86		0.94	0.6	-0.79	0.99
Net Invested Capital	1.0	0.03	0.85	0.91	1.0	0.74	0.96	0.78	0.64	-0.59	-0.19	0.93	0.59	0.74	0.94	-0.97	0.9	0.92	0.33	0.77	0.94	0.94		0.76	-0.92	0.9
Property Plant And Equipment Gross	0.77	0.46	0.98	0.85	0.78	0.34	0.89	0.99	0.56	-0.04	-0.58	0.82	0.05	1.0	0.87	-0.86	0.5	0.87	0.21	0.35	0.81	0.6	0.76		-0.82	0.51
Short Long Term Debt	-0.89	-0.14	-0.87	-0.85	-0.89	-0.59	-0.94	-0.83	-0.62	0.41	0.05	-0.85	-0.42	-0.8	-0.88	0.88	-0.76	-0.85	-0.61	-0.62	-0.85	-0.79	-0.92	-0.82		-0.76
Total Current Assets	0.92	-0.37	0.65	0.69	0.91	0.94	0.84	0.52	0.46	-0.85	-0.06	0.74	0.85	0.46	0.86	-0.87	1.0	0.68	0.18	0.97	0.81	0.99	0.9	0.51	-0.76

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Solid Power Account Relationship Matchups

Pair Trading with Solid Power

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 Solid Power 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 Solid Power will appreciate offsetting losses from the drop in the long position's value.

Moving together with Solid Stock

0.68	EFSH	1847 Holdings LLC	Pair Corr
0.71	WPRT	Westport Fuel Systems	Pair Corr

Moving against Solid Stock

0.77	GBX	Greenbrier Companies	Pair Corr
0.74	VMI	Valmont Industries	Pair Corr
0.73	HON	Honeywell International	Pair Corr
0.73	WAB	Westinghouse Air Brake	Pair Corr
0.71	FSTR	LB Foster	Pair Corr

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

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

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

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