Redfin Total Assets vs Capital Stock Analysis
RDFN Stock | USD 9.71 0.43 4.24% |
Redfin Corp financial indicator trend analysis is much more than just breaking down Redfin Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Redfin Corp is a good investment. Please check the relationship between Redfin Corp Total Assets and its Capital Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Redfin Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.
Total Assets vs Capital Stock
Total Assets vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Redfin Corp Total Assets account and Capital Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Redfin Corp's Total Assets and Capital Stock is 0.65. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Redfin Corp, assuming nothing else is changed. The correlation between historical values of Redfin Corp's Total Assets and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Redfin Corp are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Assets i.e., Redfin Corp's Total Assets and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Redfin Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Redfin Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Most indicators from Redfin Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Redfin Corp 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 Redfin Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.At this time, Redfin Corp's Tax Provision is very stable compared to the past year. As of the 30th of October 2024, Enterprise Value is likely to grow to about 2.2 B, while Selling General Administrative is likely to drop about 120.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 403.8M | 286.1M | 329.8M | 197.0M | Total Revenue | 1.9B | 2.3B | 976.7M | 911.5M |
Redfin Corp fundamental ratios Correlations
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Redfin Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Redfin Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 91.6M | 98.6M | 104.7M | 107.9M | 113.2M | 94.0M | |
Total Assets | 596.2M | 1.4B | 2.0B | 1.6B | 1.2B | 956.9M | |
Other Current Liab | 45.9M | 67.8M | 111.4M | 104.1M | 84.9M | 64.3M | |
Total Current Liabilities | 85.2M | 185.7M | 401.8M | 354.6M | 268.4M | 174.8M | |
Total Stockholder Equity | 331.4M | 630.4M | 349.7M | 103.9M | 42.7M | 40.6M | |
Net Tangible Assets | 319.9M | 619.4M | (245.6M) | (58.4M) | (67.2M) | (63.8M) | |
Property Plant And Equipment Net | 91.6M | 88.1M | 112.9M | 97.1M | 78.2M | 66.2M | |
Net Debt | (17.9M) | (290.2M) | 949.4M | 1.1B | 858.8M | 901.8M | |
Retained Earnings | (251.8M) | (270.3M) | (372.2M) | (693.3M) | (823.3M) | (782.2M) | |
Accounts Payable | 2.1M | 5.6M | 12.5M | 11.8M | 10.5M | 6.6M | |
Cash | 234.7M | 925.3M | 591.0M | 239.8M | 151M | 143.5M | |
Non Current Assets Total | 144.6M | 119.7M | 775.9M | 797.7M | 708.6M | 744.0M | |
Non Currrent Assets Other | (585.7M) | (1.4B) | (2.0B) | (43.4M) | (61.2M) | (64.3M) | |
Other Assets | 10.6M | 64.7M | 12.9M | 11.2M | 39.5M | 20.1M | |
Cash And Short Term Investments | 304.7M | 1.1B | 624.7M | 362.1M | 193.0M | 183.3M | |
Net Receivables | 19.2M | 54.7M | 69.6M | 54.9M | 332K | 315.4K | |
Common Stock Total Equity | 93K | 103K | 106K | 110K | 126.5K | 84.2K | |
Liabilities And Stockholders Equity | 596.2M | 1.4B | 2.0B | 1.6B | 1.2B | 956.9M | |
Non Current Liabilities Total | 179.6M | 544.4M | 1.3B | 1.1B | 842.5M | 654.3M | |
Inventory | 74.6M | 49.2M | 358.2M | 114.3M | (4.6M) | (4.4M) | |
Other Current Assets | 3.5M | 4.9M | 7.5M | 8.7M | (193.3M) | (183.6M) | |
Other Stockholder Equity | 834.9M | 860.6M | 682.1M | 758.0M | 826.1M | 567.6M | |
Total Liab | 264.8M | 730.1M | 1.7B | 1.5B | 1.2B | 834.0M | |
Property Plant And Equipment Gross | 91.6M | 88.1M | 112.9M | 55.1M | 167.5M | 175.8M | |
Short Long Term Debt | 25.7M | 85.5M | 256.1M | 213.9M | 152.0M | 91.3M | |
Total Current Assets | 451.6M | 1.2B | 1.2B | 776.5M | 445.0M | 622.5M | |
Accumulated Other Comprehensive Income | 42K | 211K | (174K) | (801K) | (182K) | (191.1K) | |
Short Term Debt | 37.2M | 97.4M | 271.1M | 233.1M | 167.6M | 100.3M | |
Intangible Assets | 2.3M | 1.8M | 185.9M | 198.5M | 155.5M | 163.2M | |
Common Stock | 93K | 103K | 106K | 110K | 117K | 89.1K | |
Property Plant Equipment | 91.6M | 44.0M | 58.7M | 55.1M | 63.4M | 44.5M | |
Current Deferred Revenue | 43K | 14.9M | 6.7M | 5.7M | 5.5M | 5.1M | |
Short Long Term Debt Total | 216.7M | 635.0M | 1.5B | 1.3B | 1.0B | 765.4M | |
Long Term Debt | 119.7M | 488.3M | 1.2B | 1.1B | 813.2M | 601.4M | |
Retained Earnings Total Equity | (251.8M) | (270.3M) | (372.2M) | (693.3M) | (624.0M) | (592.8M) | |
Capital Surpluse | 583.1M | 860.6M | 682.1M | 758.0M | 871.6M | 695.0M |
Pair Trading with Redfin Corp
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 Redfin Corp 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 Redfin Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Redfin Stock
Moving against Redfin Stock
The ability to find closely correlated positions to Redfin Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Redfin Corp 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 Redfin Corp - 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 Redfin Corp to buy it.
The correlation of Redfin Corp 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 Redfin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Redfin Corp 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 Redfin Corp 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 Redfin Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Real Estate Management & Development 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 Redfin Corp. If investors know Redfin 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 Redfin Corp 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 3.286 | Earnings Share (1.16) | Revenue Per Share 8.584 | Quarterly Revenue Growth 0.071 | Return On Assets (0.08) |
The market value of Redfin Corp is measured differently than its book value, which is the value of Redfin that is recorded on the company's balance sheet. Investors also form their own opinion of Redfin Corp's value that differs from its market value or its book value, called intrinsic value, which is Redfin Corp'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 Redfin Corp's market value can be influenced by many factors that don't directly affect Redfin Corp'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 Redfin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redfin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redfin Corp'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.