Zepp Common Stock Total Equity vs Cash Analysis

ZEPP Stock  USD 2.89  0.08  2.69%   
Zepp Health financial indicator trend analysis is more than just analyzing Zepp Health Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zepp Health Corp is a good investment. Please check the relationship between Zepp Health Common Stock Total Equity and its Cash accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zepp Health 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 american community survey.

Common Stock Total Equity vs Cash

Common Stock Total Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zepp Health Corp Common Stock Total Equity account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zepp Health's Common Stock Total Equity and Cash is 0.68. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Zepp Health Corp, assuming nothing else is changed. The correlation between historical values of Zepp Health's Common Stock Total Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Zepp Health Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock Total Equity i.e., Zepp Health's Common Stock Total Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Cash

Cash refers to the most liquid asset of Zepp Health Corp, which is listed under current asset account on Zepp Health Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Zepp Health customers. The amounts must be unrestricted with restricted cash listed in a different Zepp Health account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Zepp Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zepp Health 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zepp Health 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 american community survey.
As of 12/04/2024, Selling General Administrative is likely to grow to about 207.1 M, though Tax Provision is likely to grow to (15 M).
 2021 2022 2023 2024 (projected)
Gross Profit1.3B803.1M657.8M903.0M
Total Revenue6.3B4.1B2.5B4.1B

Zepp Health fundamental ratios Correlations

0.750.710.880.80.620.960.54-0.40.860.430.920.870.010.810.80.730.390.610.650.890.710.560.990.380.7
0.750.620.570.680.580.74-0.010.290.72-0.110.450.97-0.430.430.380.590.170.890.540.770.830.220.720.670.62
0.710.620.830.840.780.820.46-0.240.88-0.120.680.67-0.250.810.60.77-0.140.40.760.890.820.740.680.620.93
0.880.570.830.910.830.880.69-0.480.940.40.860.71-0.170.950.940.84-0.010.320.850.950.710.780.840.540.85
0.80.680.840.910.960.790.43-0.230.980.230.710.78-0.460.890.790.98-0.220.370.960.950.850.840.720.780.93
0.620.580.780.830.960.620.33-0.110.920.110.530.66-0.630.820.720.93-0.470.240.990.880.80.820.520.880.91
0.960.740.820.880.790.620.6-0.380.860.260.890.840.020.80.760.690.350.620.620.910.740.570.970.40.77
0.54-0.010.460.690.430.330.6-0.760.460.60.710.140.250.670.790.390.19-0.150.360.490.070.570.57-0.070.48
-0.40.29-0.24-0.48-0.23-0.11-0.38-0.76-0.25-0.65-0.720.1-0.59-0.62-0.56-0.27-0.30.38-0.21-0.230.12-0.55-0.410.37-0.17
0.860.720.880.940.980.920.860.46-0.250.210.760.83-0.370.890.810.93-0.120.470.920.990.880.790.790.750.94
0.43-0.11-0.120.40.230.110.260.6-0.650.210.530.10.30.390.660.260.35-0.160.190.19-0.130.280.43-0.220.03
0.920.450.680.860.710.530.890.71-0.720.760.530.610.240.890.80.680.40.290.590.770.490.670.90.140.61
0.870.970.670.710.780.660.840.140.10.830.10.61-0.330.570.560.690.210.850.640.860.870.360.830.660.69
0.01-0.43-0.25-0.17-0.46-0.630.020.25-0.59-0.370.30.24-0.33-0.11-0.1-0.460.72-0.14-0.56-0.33-0.43-0.210.11-0.83-0.45
0.810.430.810.950.890.820.80.67-0.620.890.390.890.57-0.110.870.86-0.060.130.860.880.620.880.750.460.81
0.80.380.60.940.790.720.760.79-0.560.810.660.80.56-0.10.870.720.030.160.750.810.50.690.770.40.69
0.730.590.770.840.980.930.690.39-0.270.930.260.680.69-0.460.860.72-0.270.250.950.870.770.880.630.730.89
0.390.17-0.14-0.01-0.22-0.470.350.19-0.3-0.120.350.40.210.72-0.060.03-0.270.42-0.43-0.05-0.15-0.340.49-0.59-0.3
0.610.890.40.320.370.240.62-0.150.380.47-0.160.290.85-0.140.130.160.250.420.180.530.7-0.090.640.420.36
0.650.540.760.850.960.990.620.36-0.210.920.190.590.64-0.560.860.750.95-0.430.180.870.760.850.530.820.87
0.890.770.890.950.950.880.910.49-0.230.990.190.770.86-0.330.880.810.87-0.050.530.870.880.720.840.710.91
0.710.830.820.710.850.80.740.070.120.88-0.130.490.87-0.430.620.50.77-0.150.70.760.880.550.660.830.84
0.560.220.740.780.840.820.570.57-0.550.790.280.670.36-0.210.880.690.88-0.34-0.090.850.720.550.470.510.82
0.990.720.680.840.720.520.970.57-0.410.790.430.90.830.110.750.770.630.490.640.530.840.660.470.280.64
0.380.670.620.540.780.880.4-0.070.370.75-0.220.140.66-0.830.460.40.73-0.590.420.820.710.830.510.280.77
0.70.620.930.850.930.910.770.48-0.170.940.030.610.69-0.450.810.690.89-0.30.360.870.910.840.820.640.77
Click cells to compare fundamentals

Zepp Health Account Relationship Matchups

Zepp Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.2B5.9B6.1B5.3B636.5M604.7M
Short Long Term Debt Total111.3M680.9M1.3B1.7B196.1M186.3M
Other Current Liab402.1M1.9B1.4B638.2M949.0M708.9M
Total Current Liabilities2.5B2.8B2.2B1.7B1.1B1.6B
Total Stockholder Equity2.5B2.7B2.9B2.7B2.5B1.9B
Other Liab61.2M119.0M207.5M202.0M232.3M243.9M
Net Tangible Assets1.7B2.4B2.5B2.7B3.1B3.3B
Property Plant And Equipment Net173.0M275.8M242.3M166.2M15.8M15.0M
Current Deferred Revenue44.8M42.5M4.2M2.1M7.8M7.5M
Net Debt(1.7B)(1.6B)(208.7M)797.7M62.2M65.3M
Retained Earnings910.6M1.1B1.3B942.8M730.7M675.6M
Accounts Payable2.0B298.7M206.7M464.3M44.5M42.2M
Cash1.8B2.3B1.5B886.6M133.9M127.2M
Non Current Assets Total782.3M1.1B2.2B2.3B319.3M303.3M
Non Currrent Assets Other8.8M28.2M19.6M56.7M45.1M47.4M
Other Assets111.5M148.4M19.6M(1.9B)(1.7B)(1.7B)
Cash And Short Term Investments1.8B2.3B1.5B920.9M985.6M1.2B
Net Receivables1.6B1.2B825.8M802.4M466.5M842.3M
Common Stock Shares Outstanding64.0M65.1M66.1M61.6M15.2M14.4M
Short Term Investments17.2M23.4M24.4M34.3M36.6M37.4M
Liabilities And Stockholders Equity5.2B5.9B6.1B5.3B636.5M604.7M
Non Current Liabilities Total195.4M383.8M999.9M914.1M127.9M121.5M
Capital Lease Obligations109.2M116.2M71.1M31.7M50.2M46.2M
Inventory893.8M1.2B1.2B1.0B602.7M733.6M
Other Current Assets67.4M157.8M363.0M213.3M169.6M133.3M
Other Stockholder Equity1.5B1.6B1.1B144.7M1.7B848.5M
Total Liab2.7B3.2B3.2B2.6B283.2M269.1M
Long Term Investments406.1M444.0M1.6B1.7B1.7B1.8B
Property Plant And Equipment Gross173.0M275.8M242.3M166.2M260.8M146.7M
Short Long Term Debt2.2M504.7M461.8M968.4M487.6M307.0M
Total Current Assets4.4B4.8B3.9B3.0B2.2B2.9B
Accumulated Other Comprehensive Income111.1M44.6M29.3M105.8M96.3M64.0M
Non Current Liabilities Other113.6M185.2M175.1M162.6M1.9M1.8M
Short Term Debt35.0M512.0M511.9M554.3M96.3M91.5M
Intangible Assets85.8M145.2M135.6M123.3M9.9M9.4M
Common Stock155K157K159K162K23.1K22.0K

Pair Trading with Zepp Health

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 Zepp Health 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 Zepp Health will appreciate offsetting losses from the drop in the long position's value.

Moving together with Zepp Stock

  0.72VRME VerifyMePairCorr

Moving against Zepp Stock

  0.69EHGO Eshallgo Class APairCorr
  0.54SATLW Satellogic WarrantPairCorr
  0.48FLEX FlexPairCorr
  0.48KODK Eastman KodakPairCorr
  0.47EBON Ebang InternationalPairCorr
The ability to find closely correlated positions to Zepp Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zepp Health 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 Zepp Health - 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 Zepp Health Corp to buy it.
The correlation of Zepp Health 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 Zepp Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zepp Health 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 Zepp Health 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 Zepp Stock Analysis

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