TOYO Net Working Capital vs Total Stockholder Equity Analysis
| TOYO Stock | 4.31 1.10 20.33% |
TOYO Co, financial indicator trend analysis is much more than just breaking down TOYO Co, prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TOYO Co, is a good investment. Please check the relationship between TOYO Co, Net Working Capital and its Total Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TOYO Co, Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
Net Working Capital vs Total Stockholder Equity
Net Working Capital vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TOYO Co, Net Working Capital account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between TOYO Co,'s Net Working Capital and Total Stockholder Equity is 0.87. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of TOYO Co, Ltd, assuming nothing else is changed. The correlation between historical values of TOYO Co,'s Net Working Capital and Total 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 Net Working Capital of TOYO Co, Ltd are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Working Capital i.e., TOYO Co,'s Net Working Capital and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Working Capital
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from TOYO Co,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TOYO Co, 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 TOYO Co, Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. At this time, TOYO Co,'s Enterprise Value Over EBITDA is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Multiple is likely to grow to 30.36, while Selling General Administrative is likely to drop about 3.2 M.
| 2010 | 2023 | 2024 (projected) | Total Revenue | 62.4M | 56.1M | 49.9M | Interest Expense | 3.3M | 2.9M | 2.6M |
TOYO Co, fundamental ratios Correlations
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TOYO Co, Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with TOYO Co,
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 TOYO Co, 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 TOYO Co, will appreciate offsetting losses from the drop in the long position's value.Moving against TOYO Stock
| 0.67 | BW | Babcock Wilcox Enter | PairCorr |
| 0.64 | ATS | ATS Corporation | PairCorr |
| 0.5 | IR | Ingersoll Rand | PairCorr |
| 0.45 | B | Barnes Group | PairCorr |
| 0.35 | DOV | Dover | PairCorr |
The ability to find closely correlated positions to TOYO Co, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TOYO Co, 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 TOYO Co, - 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 TOYO Co, Ltd to buy it.
The correlation of TOYO Co, 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 TOYO Co, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TOYO Co, 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 TOYO Co, 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TOYO Co, Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Specialty Industrial Machinery 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 TOYO Co,. If investors know TOYO 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 TOYO Co, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.71 | Revenue Per Share 1.521 | Return On Assets 0.0601 | Return On Equity 0.3055 |
The market value of TOYO Co, is measured differently than its book value, which is the value of TOYO that is recorded on the company's balance sheet. Investors also form their own opinion of TOYO Co,'s value that differs from its market value or its book value, called intrinsic value, which is TOYO Co,'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 TOYO Co,'s market value can be influenced by many factors that don't directly affect TOYO Co,'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 TOYO Co,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if TOYO Co, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TOYO Co,'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.