Tingo Free Cash Flow Yield vs Price To Sales Ratio Analysis
| TIO Stock | 0.02 0.01 33.33% |
Tingo financial indicator trend analysis is much more than just breaking down Tingo Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tingo Group is a good investment. Please check the relationship between Tingo Free Cash Flow Yield and its Price To Sales Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tingo 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 gross domestic product.
Free Cash Flow Yield vs Price To Sales Ratio
Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tingo Group Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Tingo's Free Cash Flow Yield and Price To Sales Ratio is 0.14. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Tingo Group, assuming nothing else is changed. The correlation between historical values of Tingo's Free Cash Flow Yield and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Tingo Group are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., Tingo's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.14 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Tingo Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Tingo sales, a figure that is much harder to manipulate than other Tingo Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Most indicators from Tingo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tingo 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tingo 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 gross domestic product. At this time, Tingo's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Tax Provision is likely to grow to about 213.9 M, while Issuance Of Capital Stock is likely to drop 0.00.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 55.7M | 146.0M | 2.5B | 2.7B | Depreciation And Amortization | 3.1M | 5.6M | 6.4M | 6.7M |
Tingo fundamental ratios Correlations
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Tingo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tingo fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 5.9M | 77.7M | 177.8M | 1.7B | 1.9B | 2.0B | |
| Short Long Term Debt Total | 1.9M | 1.0M | 3.6M | 3.0M | 3.4M | 3.2M | |
| Other Current Liab | 290K | 4.8M | 4.2M | 68.2M | 78.5M | 82.4M | |
| Total Current Liabilities | 290K | 7.0M | 25.4M | 265.4M | 305.2M | 320.5M | |
| Total Stockholder Equity | 3.2M | 62.1M | 144.1M | 770.6M | 886.2M | 930.6M | |
| Property Plant And Equipment Net | 29K | 843K | 2.6M | 857.4M | 986.0M | 1.0B | |
| Net Debt | (1.3M) | (28.0M) | (91.3M) | (497.4M) | (447.6M) | (425.2M) | |
| Retained Earnings | (17.0M) | (40.0M) | (76.4M) | (123.5M) | (111.1M) | (105.6M) | |
| Accounts Payable | 0.0 | 838K | 14.4M | 11.1M | 12.8M | 13.4M | |
| Cash | 3.2M | 29.0M | 94.9M | 500.3M | 575.4M | 604.1M | |
| Non Current Assets Total | 1.5M | 44.4M | 50.3M | 1.2B | 1.3B | 1.4B | |
| Cash And Short Term Investments | 3.2M | 29.0M | 94.9M | 500.3M | 575.4M | 604.1M | |
| Net Receivables | 292K | 523K | 24.0M | 11.5M | 13.3M | 8.5M | |
| Common Stock Shares Outstanding | 10.7M | 27.6M | 112.6M | 129.3M | 148.7M | 156.2M | |
| Liabilities And Stockholders Equity | 5.9M | 77.7M | 177.8M | 1.7B | 1.9B | 2.0B | |
| Non Current Liabilities Total | 2.4M | 5.1M | 4.7M | 644.0M | 740.6M | 777.6M | |
| Inventory | 4.3M | 960K | 2.0M | 1.0 | 0.9 | 0.86 | |
| Other Current Assets | 971K | 1.9M | 6.8M | 4.1M | 4.7M | 5.0M | |
| Other Stockholder Equity | 20.1M | 102.3M | 220.8M | 1.4B | 1.7B | 1.7B | |
| Total Liab | 2.7M | 12.0M | 30.1M | 909.4M | 1.0B | 1.1B | |
| Total Current Assets | 4.4M | 33.3M | 127.5M | 531.2M | 610.9M | 641.4M | |
| Accumulated Other Comprehensive Income | 70K | (370K) | (414K) | 4.4M | 5.0M | 5.3M | |
| Common Stock | 11K | 68K | 122K | 158K | 181.7K | 190.8K |
Pair Trading with Tingo
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 Tingo 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 Tingo will appreciate offsetting losses from the drop in the long position's value.Moving against Tingo Stock
| 0.5 | EHGO | Eshallgo Class A | PairCorr |
| 0.49 | CWAN | Clearwater Analytics | PairCorr |
| 0.48 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.45 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.4 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to Tingo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tingo 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 Tingo - 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 Tingo Group to buy it.
The correlation of Tingo 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 Tingo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tingo 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 Tingo 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 Tingo 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 gross domestic product. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Is Electronic Equipment, Instruments & Components 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 Tingo. If investors know Tingo 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 Tingo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.45 | Revenue Per Share 15.292 | Quarterly Revenue Growth 41.613 | Return On Assets 0.3485 | Return On Equity 0.4324 |
The market value of Tingo Group is measured differently than its book value, which is the value of Tingo that is recorded on the company's balance sheet. Investors also form their own opinion of Tingo's value that differs from its market value or its book value, called intrinsic value, which is Tingo'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 Tingo's market value can be influenced by many factors that don't directly affect Tingo'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 Tingo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tingo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tingo'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.