Towne Accounts Payable vs Short Term Investments Analysis

TOWN Stock  USD 36.13  0.82  2.32%   
Towne Bank financial indicator trend analysis is much more than just breaking down Towne Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Towne Bank is a good investment. Please check the relationship between Towne Bank Accounts Payable and its Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Towne Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
To learn how to invest in Towne Stock, please use our How to Invest in Towne Bank guide.

Accounts Payable vs Short Term Investments

Accounts Payable vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Towne Bank Accounts Payable account and Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Towne Bank's Accounts Payable and Short Term Investments is 0.06. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Towne Bank, assuming nothing else is changed. The correlation between historical values of Towne Bank's Accounts Payable 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 Accounts Payable of Towne Bank are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Accounts Payable i.e., Towne Bank's Accounts Payable and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.06
Relationship DirectionPositive 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Towne Bank obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Towne Bank are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Short Term Investments

Short Term Investments is an item under the current assets section of Towne Bank balance sheet. It contains any investments Towne Bank undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Towne Bank can easily liquidate in the marketplace.
Most indicators from Towne Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Towne Bank 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 Towne Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
To learn how to invest in Towne Stock, please use our How to Invest in Towne Bank guide.As of the 25th of November 2024, Selling General Administrative is likely to grow to about 304.3 M. Also, Tax Provision is likely to grow to about 42.8 M
 2021 2022 2023 2024 (projected)
Gross Profit679.0M677.1M941.6M988.7M
Total Revenue679.0M686.4M675.4M709.2M

Towne Bank fundamental ratios Correlations

0.990.860.810.960.330.550.820.980.93-0.630.970.530.620.510.38-0.240.650.64-0.19-0.370.8-0.230.960.180.44
0.990.870.850.980.350.610.80.970.92-0.560.950.490.610.490.38-0.150.690.66-0.13-0.320.84-0.180.940.210.52
0.860.870.670.850.680.480.760.880.93-0.250.870.110.740.65-0.04-0.220.810.79-0.11-0.30.67-0.030.73-0.190.51
0.810.850.670.90.120.810.740.830.65-0.410.680.540.220.080.520.210.480.350.21-0.071.00.120.730.470.72
0.960.980.850.90.340.720.740.940.86-0.460.880.460.520.40.410.010.70.610.0-0.230.9-0.050.880.290.65
0.330.350.680.120.340.10.250.320.590.20.39-0.410.810.81-0.36-0.150.860.830.04-0.140.130.180.22-0.410.26
0.550.610.480.810.720.10.520.610.38-0.120.350.42-0.03-0.150.540.60.450.210.570.240.820.470.430.630.95
0.820.80.760.740.740.250.520.890.78-0.560.760.530.370.270.34-0.230.420.420.06-0.120.740.040.770.150.42
0.980.970.880.830.940.320.610.890.89-0.620.930.560.530.420.37-0.230.60.55-0.06-0.350.82-0.080.920.170.5
0.930.920.930.650.860.590.380.780.89-0.450.950.240.820.730.1-0.330.790.84-0.28-0.360.65-0.270.86-0.10.34
-0.63-0.56-0.25-0.41-0.460.2-0.12-0.56-0.62-0.45-0.62-0.89-0.23-0.19-0.670.51-0.01-0.070.220.49-0.380.3-0.8-0.370.15
0.970.950.870.680.880.390.350.760.930.95-0.620.410.730.640.2-0.430.640.68-0.38-0.510.67-0.370.94-0.040.26
0.530.490.110.540.46-0.410.420.530.560.24-0.890.41-0.12-0.180.89-0.13-0.12-0.180.15-0.220.520.00.670.70.14
0.620.610.740.220.520.81-0.030.370.530.82-0.230.73-0.120.99-0.2-0.470.830.94-0.44-0.450.22-0.360.59-0.380.01
0.510.490.650.080.40.81-0.150.270.420.73-0.190.64-0.180.99-0.27-0.510.770.9-0.47-0.470.08-0.360.49-0.46-0.1
0.380.38-0.040.520.41-0.360.540.340.370.1-0.670.20.89-0.2-0.270.22-0.03-0.160.40.040.510.190.510.930.31
-0.24-0.15-0.220.210.01-0.150.6-0.23-0.23-0.330.51-0.43-0.13-0.47-0.510.220.04-0.160.650.670.230.52-0.370.550.66
0.650.690.810.480.70.860.450.420.60.79-0.010.64-0.120.830.77-0.030.040.930.02-0.150.490.050.53-0.070.54
0.640.660.790.350.610.830.210.420.550.84-0.070.68-0.180.940.9-0.16-0.160.93-0.27-0.230.36-0.230.54-0.250.28
-0.19-0.13-0.110.210.00.040.570.06-0.06-0.280.22-0.380.15-0.44-0.470.40.650.02-0.270.540.230.96-0.210.580.6
-0.37-0.32-0.3-0.07-0.23-0.140.24-0.12-0.35-0.360.49-0.51-0.22-0.45-0.470.040.67-0.15-0.230.54-0.030.46-0.450.30.32
0.80.840.671.00.90.130.820.740.820.65-0.380.670.520.220.080.510.230.490.360.23-0.030.150.720.470.74
-0.23-0.18-0.030.12-0.050.180.470.04-0.08-0.270.3-0.370.0-0.36-0.360.190.520.05-0.230.960.460.15-0.270.340.54
0.960.940.730.730.880.220.430.770.920.86-0.80.940.670.590.490.51-0.370.530.54-0.21-0.450.72-0.270.260.27
0.180.21-0.190.470.29-0.410.630.150.17-0.1-0.37-0.040.7-0.38-0.460.930.55-0.07-0.250.580.30.470.340.260.46
0.440.520.510.720.650.260.950.420.50.340.150.260.140.01-0.10.310.660.540.280.60.320.740.540.270.46
Click cells to compare fundamentals

Towne Bank Account Relationship Matchups

Towne Bank fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.9B14.6B16.4B15.8B16.8B17.7B
Total Stockholder Equity1.6B1.8B1.9B1.9B2.0B2.1B
Other Assets7.8B9.2B8.5B14.8B17.0B17.9B
Common Stock Shares Outstanding72.2M72.3M72.6M72.6M74.7M45.0M
Liabilities And Stockholders Equity11.9B14.6B16.4B15.8B16.8B17.7B
Other Stockholder Equity1.0B1.0B1.1B1.1B1.1B1.2B
Total Liab720.1M705.1M405.0M252.1M14.8B15.5B
Short Long Term Debt Total720.1M923.8M629.5M600.8M459.8M490.3M
Other Current Liab6.5B9.2B11.7B12.5B11.1B9.3B
Total Current Liabilities7.0B9.6B11.8B12.6B11.1B11.7B
Property Plant And Equipment Net231.8M260.2M270.8M304.8M413.1M433.7M
Net Debt277.5M(1.2B)(2.9B)(875.7M)(635.8M)(604.0M)
Retained Earnings467.2M557.9M716.6M840.8M921.1M967.2M
Cash442.6M1.9B3.3B1.2B189.0M179.6M
Non Current Assets Total2.2B2.1B2.7B884.6M16.6B17.5B
Non Currrent Assets Other(2.2B)(77.1M)(74.4M)(2.4B)15.7B16.5B
Cash And Short Term Investments1.9B3.2B5.1B152.6M189.0M179.6M
Common Stock Total Equity121.1M121.1M338K346K397.9K378.0K
Non Current Liabilities Total720.1M705.1M405.0M252.1M1.4B1.5B
Property Plant And Equipment Gross231.8M260.2M106.7M113.8M519.2M545.2M
Total Current Assets1.9B3.2B5.1B152.6M189.0M179.6M
Accumulated Other Comprehensive Income11.3M41.2M10.6M(140.5M)(118.8M)(112.8M)
Short Term Debt428.0M380.4M88.0M76.3M32.8M31.2M
Common Stock121.1M121.1M121.2M121.4M124.8M76.8M
Other Current Assets458.0M1.9B3.3B1.2B1.1B1.1B
Other Liab199.3M249.6M389.8M261.1M300.3M315.3M
Accounts Payable9.3B11.6B13.6B34.2M39.3M37.3M
Long Term Debt720.1M705.1M405.0M524.4M459.8M507.3M
Good Will446.8M452.3M457.2M458.5M456.3M243.4M
Short Term Investments1.4B1.4B1.8B1.8B2.1B2.2B
Inventory15.4M5.0M4.6M560K504K478.8K
Intangible Assets54.4M45.5M50.4M43.2M64.6M38.4M
Property Plant Equipment279.3M320.6M270.8M113.8M130.9M173.7M
Net Tangible Assets1.1B1.3B1.4B65.5M75.3M71.6M
Long Term Investments1.5B1.4B2.0B2.4B2.6B1.6B
Capital Surpluse1.0B369.7M302.7M309.6M278.7M508.8M
Long Term Debt Total248.5M543.4M541.5M524.4M603.1M431.4M

Pair Trading with Towne Bank

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 Towne Bank 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 Towne Bank will appreciate offsetting losses from the drop in the long position's value.

Moving together with Towne Stock

  0.83AX Axos FinancialPairCorr
  0.78BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr
  0.8PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr

Moving against Towne Stock

  0.33CFG-PE Citizens FinancialPairCorr
The ability to find closely correlated positions to Towne Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Towne Bank 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 Towne Bank - 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 Towne Bank to buy it.
The correlation of Towne Bank 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 Towne Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Towne Bank 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 Towne Bank 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
When determining whether Towne Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Towne Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Towne Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Towne Bank Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Towne Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
To learn how to invest in Towne Stock, please use our How to Invest in Towne Bank guide.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Regional Banks 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 Towne Bank. If investors know Towne 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 Towne Bank 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
(0.05)
Dividend Share
1
Earnings Share
2
Revenue Per Share
8.973
Quarterly Revenue Growth
0.022
The market value of Towne Bank is measured differently than its book value, which is the value of Towne that is recorded on the company's balance sheet. Investors also form their own opinion of Towne Bank's value that differs from its market value or its book value, called intrinsic value, which is Towne Bank'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 Towne Bank's market value can be influenced by many factors that don't directly affect Towne Bank'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 Towne Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Towne Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Towne Bank'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.