Skycorp Net Receivables vs Long Term Debt Analysis
| PN Stock | 2.57 0.13 5.33% |
Skycorp Solar financial indicator trend analysis is much more than just breaking down Skycorp Solar Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skycorp Solar Group is a good investment. Please check the relationship between Skycorp Solar Net Receivables and its Long Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Skycorp Solar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Net Receivables vs Long Term Debt
Net Receivables vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skycorp Solar Group Net Receivables account and Long Term Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Skycorp Solar's Net Receivables and Long Term Debt is -0.93. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Skycorp Solar Group, assuming nothing else is changed. The correlation between historical values of Skycorp Solar's Net Receivables and Long Term Debt 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 Receivables of Skycorp Solar Group are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Receivables i.e., Skycorp Solar's Net Receivables and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.93 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Receivables
Long Term Debt
Long-term debt is a debt that Skycorp Solar Group has held for over one year. Long-term debt appears on Skycorp Solar Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Skycorp Solar Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Skycorp Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skycorp Solar Group 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Skycorp Solar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 3rd of May 2025, Selling General Administrative is likely to grow to about 3.8 M, while Tax Provision is likely to drop about 93.9 K.
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Expense | 88.7K | 202.7K | 233.1K | 244.8K | Interest Income | 37.5K | 51.0K | 58.6K | 34.9K |
Skycorp Solar fundamental ratios Correlations
Click cells to compare fundamentals
Skycorp Solar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Skycorp Solar
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 Skycorp Solar 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 Skycorp Solar will appreciate offsetting losses from the drop in the long position's value.Moving against Skycorp Stock
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| 0.42 | EXOD | Exodus Movement, | PairCorr |
| 0.41 | OUSTZ | Ouster, Warrants | PairCorr |
| 0.4 | YAAS | Youxin Technology | PairCorr |
The ability to find closely correlated positions to Skycorp Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skycorp Solar 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 Skycorp Solar - 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 Skycorp Solar Group to buy it.
The correlation of Skycorp Solar 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 Skycorp Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skycorp Solar Group 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 Skycorp Solar 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Skycorp Solar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Wholesale 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 Skycorp Solar. If investors know Skycorp 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 Skycorp Solar 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 (0.93) | Earnings Share 0.02 | Revenue Per Share 1.995 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0228 |
The market value of Skycorp Solar Group is measured differently than its book value, which is the value of Skycorp that is recorded on the company's balance sheet. Investors also form their own opinion of Skycorp Solar's value that differs from its market value or its book value, called intrinsic value, which is Skycorp Solar'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 Skycorp Solar's market value can be influenced by many factors that don't directly affect Skycorp Solar'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 Skycorp Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skycorp Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skycorp Solar'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.