Chicago Other Stockholder Equity vs Inventory Analysis

CVR Stock  USD 17.09  0.64  3.61%   
Chicago Rivet financial indicator trend analysis is way more than just evaluating Chicago Rivet Machine prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chicago Rivet Machine is a good investment. Please check the relationship between Chicago Rivet Other Stockholder Equity and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chicago Rivet Machine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Other Stockholder Equity vs Inventory

Other Stockholder Equity vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chicago Rivet Machine Other Stockholder Equity account and Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Chicago Rivet's Other Stockholder Equity and Inventory is -0.51. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Inventory in the same time period over historical financial statements of Chicago Rivet Machine, assuming nothing else is changed. The correlation between historical values of Chicago Rivet's Other Stockholder Equity and Inventory 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 Chicago Rivet Machine are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Stockholder Equity i.e., Chicago Rivet's Other Stockholder Equity and Inventory go up and down completely randomly.

Correlation Coefficient

-0.51
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Stockholder Equity

Inventory

Most indicators from Chicago Rivet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chicago Rivet Machine 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Chicago Rivet Machine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
At this time, Chicago Rivet's Selling General Administrative is relatively stable compared to the past year. As of 12/05/2024, Sales General And Administrative To Revenue is likely to grow to 0.22, though Enterprise Value Over EBITDA is likely to grow to (3.13).
 2021 2022 2023 2024 (projected)
Total Operating Expenses5.1M5.0M5.2M6.3M
Cost Of Revenue27.5M29.8M32.1M26.3M

Chicago Rivet fundamental ratios Correlations

0.68-0.54-0.270.980.940.370.97-0.420.920.160.270.77-0.63-0.240.55-0.38-0.17-0.340.330.87-0.05-0.730.010.340.01
0.68-0.8-0.360.730.630.750.79-0.820.55-0.13-0.070.85-0.76-0.130.380.010.24-0.48-0.080.680.35-0.99-0.170.72-0.17
-0.54-0.80.63-0.63-0.54-0.66-0.70.71-0.470.270.45-0.640.90.56-0.63-0.180.170.81-0.34-0.5-0.310.84-0.34-0.29-0.34
-0.27-0.360.63-0.38-0.31-0.01-0.40.07-0.290.780.3-0.090.380.27-0.48-0.110.670.81-0.33-0.180.40.42-0.160.14-0.16
0.980.73-0.63-0.380.940.380.99-0.450.920.080.180.76-0.66-0.260.61-0.33-0.2-0.490.330.83-0.06-0.770.040.350.04
0.940.63-0.54-0.310.940.420.93-0.470.990.060.230.73-0.64-0.310.44-0.41-0.23-0.440.280.65-0.16-0.680.150.340.15
0.370.75-0.66-0.010.380.420.46-0.990.340.03-0.190.73-0.81-0.420.070.070.42-0.31-0.110.310.62-0.750.210.710.21
0.970.79-0.7-0.40.990.930.46-0.530.90.050.130.8-0.71-0.280.61-0.29-0.16-0.530.30.820.0-0.830.050.40.05
-0.42-0.820.710.07-0.45-0.47-0.99-0.53-0.390.00.19-0.770.820.38-0.13-0.06-0.410.370.12-0.35-0.60.8-0.16-0.73-0.16
0.920.55-0.47-0.290.920.990.340.9-0.390.080.260.67-0.57-0.290.42-0.45-0.27-0.410.290.6-0.23-0.60.160.280.16
0.16-0.130.270.780.080.060.030.050.00.080.150.210.080.010.13-0.230.390.460.130.230.480.170.06-0.020.06
0.27-0.070.450.30.180.23-0.190.130.190.260.150.050.30.45-0.4-0.770.190.47-0.340.22-0.330.08-0.430.3-0.43
0.770.85-0.64-0.090.760.730.730.8-0.770.670.210.05-0.75-0.190.39-0.260.22-0.240.110.720.36-0.86-0.040.56-0.04
-0.63-0.760.90.38-0.66-0.64-0.81-0.710.82-0.570.080.3-0.750.71-0.51-0.050.080.63-0.38-0.55-0.390.82-0.48-0.36-0.48
-0.24-0.130.560.27-0.26-0.31-0.42-0.280.38-0.290.010.45-0.190.71-0.44-0.190.380.59-0.66-0.13-0.240.23-0.880.19-0.88
0.550.38-0.63-0.480.610.440.070.61-0.130.420.13-0.40.39-0.51-0.440.0-0.51-0.610.790.590.12-0.440.33-0.30.33
-0.380.01-0.18-0.11-0.33-0.410.07-0.29-0.06-0.45-0.23-0.77-0.26-0.05-0.190.00.09-0.17-0.07-0.210.270.00.05-0.050.05
-0.170.240.170.67-0.2-0.230.42-0.16-0.41-0.270.390.190.220.080.38-0.510.090.47-0.73-0.010.61-0.12-0.440.72-0.44
-0.34-0.480.810.81-0.49-0.44-0.31-0.530.37-0.410.460.47-0.240.630.59-0.61-0.170.47-0.42-0.180.050.5-0.480.01-0.48
0.33-0.08-0.34-0.330.330.28-0.110.30.120.290.13-0.340.11-0.38-0.660.79-0.07-0.73-0.420.3-0.1-0.030.66-0.650.66
0.870.68-0.5-0.180.830.650.310.82-0.350.60.230.220.72-0.55-0.130.59-0.21-0.01-0.180.30.18-0.73-0.180.33-0.18
-0.050.35-0.310.4-0.06-0.160.620.0-0.6-0.230.48-0.330.36-0.39-0.240.120.270.610.05-0.10.18-0.30.120.370.12
-0.73-0.990.840.42-0.77-0.68-0.75-0.830.8-0.60.170.08-0.860.820.23-0.440.0-0.120.5-0.03-0.73-0.30.09-0.640.09
0.01-0.17-0.34-0.160.040.150.210.05-0.160.160.06-0.43-0.04-0.48-0.880.330.05-0.44-0.480.66-0.180.120.09-0.421.0
0.340.72-0.290.140.350.340.710.4-0.730.28-0.020.30.56-0.360.19-0.3-0.050.720.01-0.650.330.37-0.64-0.42-0.42
0.01-0.17-0.34-0.160.040.150.210.05-0.160.160.06-0.43-0.04-0.48-0.880.330.05-0.44-0.480.66-0.180.120.091.0-0.42
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Chicago Rivet Account Relationship Matchups

Chicago Rivet fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets31.7M31.2M31.8M33.6M27.8M29.0M
Other Current Liab979.0K720.4K795.5K748.8K624.5K1.1M
Total Current Liabilities1.6M1.5M1.9M1.7M1.9M2.2M
Total Stockholder Equity29.2M28.7M29.0M31.0M26.0M24.3M
Property Plant And Equipment Net13.7M13.2M12.5M11.9M11.7M10.6M
Net Debt(1.4M)(2.6M)(2.0M)(4.0M)(1.4M)(1.5M)
Retained Earnings31.5M31.0M31.3M33.3M28.3M25.6M
Cash1.4M2.6M2.0M4.0M1.4M2.4M
Non Current Assets Total13.7M13.2M12.5M11.9M12.0M10.7M
Non Currrent Assets Other(13.7M)(13.2M)(926.1K)(948.1K)(853.3K)(895.9K)
Cash And Short Term Investments8.0M7.3M4.8M6.7M3.2M6.1M
Net Receivables4.6M5.2M5.6M5.0M4.4M4.7M
Liabilities And Stockholders Equity31.7M31.2M31.8M33.6M27.8M29.0M
Non Current Liabilities Total921.1K943.1K1.0M926.1K948.1K0.0
Inventory5.0M5.2M8.5M9.1M7.3M5.4M
Other Current Assets427.2K469.7K346.7K931.9K960.8K1.3M
Total Liab2.6M2.5M2.8M2.6M1.9M3.5M
Property Plant And Equipment Gross13.7M13.2M46.9M45.3M46.3M48.6M
Total Current Assets18.0M18.1M19.3M21.8M15.8M18.3M
Accounts Payable490.6K466.4K692.6K697.2K789.0K791.1K
Short Term Investments6.6M4.7M2.7M2.7M1.8M1.7M
Property Plant Equipment13.7M13.2M12.5M11.9M13.6M11.8M
Current Deferred Revenue152.6K249.5K302.4K203.7K430.2K227.3K
Net Tangible Assets29.8M29.2M28.7M29.0M33.3M29.6M
Retained Earnings Total Equity31.2M32.1M31.5M31.0M35.7M31.9M
Deferred Long Term Liab737.1K921.1K943.1K1.0M910.0K789.6K
Other Liab943.1K1.0M926.1K948.1K853.3K757.0K
Cash And Equivalents1.4M2.6M2.0M4.0M4.7M4.9M
Net Invested Capital29.2M28.7M29.0M31.0M26.0M23.1M
Net Working Capital16.4M16.6M17.4M20.1M14.0M13.6M

Pair Trading with Chicago Rivet

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 Chicago Rivet 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 Chicago Rivet will appreciate offsetting losses from the drop in the long position's value.

Moving against Chicago Stock

  0.39BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.36QEPC QEP Co IncPairCorr
The ability to find closely correlated positions to Chicago Rivet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chicago Rivet 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 Chicago Rivet - 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 Chicago Rivet Machine to buy it.
The correlation of Chicago Rivet 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 Chicago Rivet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chicago Rivet Machine 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 Chicago Rivet 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 Chicago Stock Analysis

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