Interactive Total Stockholder Equity vs Cash And Short Term Investments Analysis
| TRNR Stock | 2.79 0.70 20.06% |
Interactive Strength financial indicator trend analysis is infinitely more than just investigating Interactive Strength recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Interactive Strength is a good investment. Please check the relationship between Interactive Strength Total Stockholder Equity and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Interactive Strength Common. 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.
Total Stockholder Equity vs Cash And Short Term Investments
Total Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Interactive Strength Total Stockholder Equity account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Interactive Strength's Total Stockholder Equity and Cash And Short Term Investments is 0.77. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Interactive Strength Common, assuming nothing else is changed. The correlation between historical values of Interactive Strength's Total Stockholder Equity and Cash And Short Term Investments 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 Stockholder Equity of Interactive Strength Common are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., Interactive Strength's Total Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.77 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Interactive Strength balance sheet. This account contains Interactive Strength investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Interactive Strength Common fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Interactive Strength's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Interactive Strength 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 Interactive Strength Common. 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 11/18/2024, Issuance Of Capital Stock is likely to grow to about 22.8 M, while Tax Provision is likely to drop 0.00.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 935K | 952K | 1.6M | 1.0M | Depreciation And Amortization | 2.2M | 6.1M | 6.5M | 4.1M |
Interactive Strength fundamental ratios Correlations
Click cells to compare fundamentals
Interactive Strength Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Interactive Strength
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 Interactive Strength 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 Interactive Strength will appreciate offsetting losses from the drop in the long position's value.Moving against Interactive Stock
| 0.83 | BYD | Boyd Gaming | PairCorr |
| 0.79 | CMG | Chipotle Mexican Grill | PairCorr |
| 0.79 | WEN | The Wendys | PairCorr |
| 0.69 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.62 | FTDR | Frontdoor | PairCorr |
The ability to find closely correlated positions to Interactive Strength could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Interactive Strength 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 Interactive Strength - 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 Interactive Strength Common to buy it.
The correlation of Interactive Strength 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 Interactive Strength moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Interactive Strength 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 Interactive Strength 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.Additional Tools for Interactive Stock Analysis
When running Interactive Strength's price analysis, check to measure Interactive Strength'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 Interactive Strength is operating at the current time. Most of Interactive Strength's value examination focuses on studying past and present price action to predict the probability of Interactive Strength's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Interactive Strength's price. Additionally, you may evaluate how the addition of Interactive Strength to your portfolios can decrease your overall portfolio volatility.