Wrap Other Stockholder Equity vs Cash Analysis

WRAP Stock  USD 2.13  0.20  10.36%   
Wrap Technologies financial indicator trend analysis is more than just analyzing Wrap Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wrap Technologies is a good investment. Please check the relationship between Wrap Technologies Other Stockholder Equity and its Cash accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrap Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in Wrap Stock, please use our How to Invest in Wrap Technologies guide.

Other Stockholder Equity vs Cash

Other Stockholder Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wrap Technologies Other Stockholder Equity account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Wrap Technologies' Other Stockholder Equity and Cash is 0.34. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Wrap Technologies, assuming nothing else is changed. The correlation between historical values of Wrap Technologies' Other Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Wrap Technologies are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Stockholder Equity i.e., Wrap Technologies' Other Stockholder Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.34
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Stockholder Equity

Cash

Cash refers to the most liquid asset of Wrap Technologies, which is listed under current asset account on Wrap Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Wrap Technologies customers. The amounts must be unrestricted with restricted cash listed in a different Wrap Technologies account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Wrap Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wrap Technologies 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrap Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in Wrap Stock, please use our How to Invest in Wrap Technologies guide.As of 02/16/2025, Enterprise Value is likely to grow to about 129.7 M, while Selling General Administrative is likely to drop slightly above 11 M.
 2022 2023 2024 2025 (projected)
Other Operating Expenses25.8M24.9M28.6M17.8M
Depreciation And Amortization863K823K946.5K993.8K

Wrap Technologies fundamental ratios Correlations

0.420.470.811.00.6-0.54-0.720.950.620.640.460.770.950.930.90.450.880.890.870.470.560.990.930.840.74
0.421.0-0.180.40.970.17-0.860.470.010.950.980.680.180.590.60.990.730.50.761.00.980.330.620.67-0.29
0.471.0-0.120.440.980.14-0.880.520.040.960.990.70.240.630.641.00.770.540.81.00.990.380.660.71-0.23
0.81-0.18-0.120.830.04-0.71-0.230.720.680.1-0.120.410.930.610.58-0.150.490.640.46-0.12-0.020.870.60.490.99
1.00.40.440.830.57-0.57-0.690.930.650.610.430.750.960.910.880.420.860.880.840.440.530.990.910.810.76
0.60.970.980.040.570.06-0.950.660.120.990.980.750.370.740.750.970.870.670.890.981.00.510.770.83-0.08
-0.540.170.14-0.71-0.570.060.0-0.31-0.980.050.15-0.28-0.67-0.4-0.420.13-0.21-0.19-0.20.140.11-0.6-0.39-0.19-0.68
-0.72-0.86-0.88-0.23-0.69-0.950.0-0.82-0.15-0.97-0.91-0.79-0.49-0.86-0.87-0.88-0.95-0.79-0.96-0.88-0.93-0.64-0.88-0.91-0.12
0.950.470.520.720.930.66-0.31-0.820.390.710.540.720.840.940.910.50.930.960.920.520.620.920.940.920.65
0.620.010.040.680.650.12-0.98-0.150.390.120.030.410.720.50.530.050.350.270.340.040.070.670.50.310.64
0.640.950.960.10.610.990.05-0.970.710.120.970.790.420.780.780.960.910.710.920.960.990.560.810.85-0.02
0.460.980.99-0.120.430.980.15-0.910.540.030.970.730.220.650.660.990.790.520.810.990.980.370.680.72-0.23
0.770.680.70.410.750.75-0.28-0.790.720.410.790.730.640.770.750.690.830.590.840.70.710.730.790.670.33
0.950.180.240.930.960.37-0.67-0.490.840.720.420.220.640.770.760.210.730.780.710.230.330.980.780.690.88
0.930.590.630.610.910.74-0.4-0.860.940.50.780.650.770.770.980.620.930.890.930.630.70.881.00.90.51
0.90.60.640.580.880.75-0.42-0.870.910.530.780.660.750.760.980.640.930.850.920.640.710.850.980.90.47
0.450.991.0-0.150.420.970.13-0.880.50.050.960.990.690.210.620.640.760.510.781.00.980.350.660.69-0.26
0.880.730.770.490.860.87-0.21-0.950.930.350.910.790.830.730.930.930.760.891.00.770.840.830.950.960.39
0.890.50.540.640.880.67-0.19-0.790.960.270.710.520.590.780.890.850.510.890.870.540.640.860.890.910.57
0.870.760.80.460.840.89-0.2-0.960.920.340.920.810.840.710.930.920.781.00.870.80.860.820.950.960.36
0.471.01.0-0.120.440.980.14-0.880.520.040.960.990.70.230.630.641.00.770.540.80.990.380.660.71-0.24
0.560.980.99-0.020.531.00.11-0.930.620.070.990.980.710.330.70.710.980.840.640.860.990.470.740.8-0.13
0.990.330.380.870.990.51-0.6-0.640.920.670.560.370.730.980.880.850.350.830.860.820.380.470.880.790.81
0.930.620.660.60.910.77-0.39-0.880.940.50.810.680.790.781.00.980.660.950.890.950.660.740.880.910.5
0.840.670.710.490.810.83-0.19-0.910.920.310.850.720.670.690.90.90.690.960.910.960.710.80.790.910.39
0.74-0.29-0.230.990.76-0.08-0.68-0.120.650.64-0.02-0.230.330.880.510.47-0.260.390.570.36-0.24-0.130.810.50.39
Click cells to compare fundamentals

Wrap Technologies Account Relationship Matchups

Wrap Technologies fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets48.8M44.2M30.6M28.5M32.8M26.6M
Other Current Liab970.7K851K1.3M19.7M21.1M22.2M
Total Current Liabilities2.3M2.9M3.2M23.5M27.1M28.4M
Total Stockholder Equity46.4M41.3M27.1M3.2M3.6M3.5M
Net Tangible Assets19.0M45.0M39.3M24.5M28.2M22.5M
Property Plant And Equipment Net496K1.0M1.0M2.8M3.2M3.3M
Net Debt(16.3M)(4.9M)(5.0M)(1.7M)(1.9M)(2.0M)
Retained Earnings(25.3M)(49.8M)(67.4M)(98.0M)(88.2M)(83.8M)
Accounts Payable1.2M1.8M1.4M1.1M1.3M896.9K
Cash16.6M4.9M5.3M4.0M3.6M6.0M
Non Current Assets Total1.9M3.0M3.7M7.3M8.4M8.8M
Non Currrent Assets Other13K9K100K251K288.7K303.1K
Other Assets12.7K151.8K9K100K115K120.8K
Cash And Short Term Investments41.6M34.9M19.3M11.5M13.2M19.2M
Common Stock Total Equity2.7K3.0K3.8K4K4.6K3.2K
Common Stock Shares Outstanding33.8M39.3M41.2M43.9M42.3M34.5M
Liabilities And Stockholders Equity48.8M44.2M30.6M28.5M32.8M26.0M
Non Current Liabilities Total79K110K360K1.8M2.1M2.2M
Capital Surpluse16.8M31.9M71.7M94.3M108.5M113.9M
Inventory2.7M1.6M4.0M5.8M6.7M7.0M
Other Current Assets760K1.7M775K953K1.1M682.3K
Other Stockholder Equity71.7M91.0M94.3M99.1M114.0M119.7M
Total Liab2.4M3.0M3.5M25.3M29.1M30.6M
Property Plant And Equipment Gross496.4K1.5M1.0M4.2M4.8M5.0M
Total Current Assets46.9M41.2M26.9M21.2M24.4M23.6M
Accumulated Other Comprehensive Income(72.7K)14.8K(6K)94K108.1K113.5K
Common Stock2.7K3.0K3.8K4K4.6K3.5K
Property Plant Equipment503.8K357.3K1.0M758K871.7K915.3K
Net Invested Capital46.4M41.3M27.1M1.1M1.3M1.3M
Net Working Capital44.6M38.4M23.7M(2.3M)(2.6M)(2.5M)
Net Receivables1.9M3.9M2.8M3.0M3.5M2.3M
Capital Stock3.0K3.8K4K2.0M2.3M2.4M
Intangible Assets1.4M2.0M2.6M2.6M2.4M2.3M
Short Long Term Debt Total369K56K301K2.3M2.6M2.8M
Current Deferred Revenue18K198K166K407K468.1K249.8K
Short Term Investments25.0M30.0M13.9M7.5M6.8M11.2M
Capital Lease Obligations150.0K56K301K2.3M2.6M2.8M
Short Term Debt94K112K216K616K708.4K743.8K

Pair Trading with Wrap Technologies

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 Wrap Technologies 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 Wrap Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Wrap Stock

  0.65ELSE Electro SensorsPairCorr

Moving against Wrap Stock

  0.73NOVT NovantaPairCorr
  0.66ITRI Itron IncPairCorr
  0.66SVRE SaverOne 2014PairCorr
  0.61SOTK Sono Tek CorpPairCorr
  0.59SOBR Sobr Safe Buyout TrendPairCorr
The ability to find closely correlated positions to Wrap Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wrap Technologies 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 Wrap Technologies - 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 Wrap Technologies to buy it.
The correlation of Wrap Technologies 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 Wrap Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wrap Technologies 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 Wrap Technologies 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 Wrap Stock Analysis

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