Array Days Of Inventory On Hand from 2010 to 2024
| ARRY Stock | USD 13.46 0.40 3.06% |
Days Of Inventory On Hand | First Reported 2010-12-31 | Previous Quarter 49.26700602 | Current Value 82.94 | Quarterly Volatility 14.01638316 |
Check Array TechnologiesInc financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Array main balance sheet or income statement drivers, such as Depreciation And Amortization of 52.1 M, Interest Expense of 34.4 M or Selling General Administrative of 151.6 M, as well as many exotic indicators such as Price To Sales Ratio of 1.53, Dividend Yield of 0.0042 or PTB Ratio of 4.36. Array financial statements analysis is a perfect complement when working with Array TechnologiesInc Valuation or Volatility modules.
Array | Days Of Inventory On Hand |
Latest Array TechnologiesInc's Days Of Inventory On Hand Growth Pattern
Below is the plot of the Days Of Inventory On Hand of Array TechnologiesInc over the last few years. It is Array TechnologiesInc's Days Of Inventory On Hand historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Array TechnologiesInc's overall financial position and show how it may be relating to other accounts over time.
| Days Of Inventory On Hand | 10 Years Trend |
|
Days Of Inventory On Hand |
| Timeline |
Array Days Of Inventory On Hand Regression Statistics
| Arithmetic Mean | 74.15 | |
| Geometric Mean | 72.99 | |
| Coefficient Of Variation | 18.90 | |
| Mean Deviation | 8.88 | |
| Median | 72.12 | |
| Standard Deviation | 14.02 | |
| Sample Variance | 196.46 | |
| Range | 59.4126 | |
| R-Value | 0.04 | |
| Mean Square Error | 211.30 | |
| R-Squared | 0 | |
| Significance | 0.90 | |
| Slope | 0.11 | |
| Total Sum of Squares | 2,750 |
Array Days Of Inventory On Hand History
About Array TechnologiesInc Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Array TechnologiesInc income statement, its balance sheet, and the statement of cash flows. Array TechnologiesInc investors use historical funamental indicators, such as Array TechnologiesInc's Days Of Inventory On Hand, to determine how well the company is positioned to perform in the future. Although Array TechnologiesInc investors may use each financial statement separately, they are all related. The changes in Array TechnologiesInc's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Array TechnologiesInc's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Array TechnologiesInc Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Array TechnologiesInc. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 49.27 | 82.94 |
Pair Trading with Array TechnologiesInc
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 Array TechnologiesInc 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 Array TechnologiesInc will appreciate offsetting losses from the drop in the long position's value.Moving together with Array Stock
| 0.67 | BBU | Brookfield Business | PairCorr |
Moving against Array Stock
| 0.45 | FIP | FTAI Infrastructure | PairCorr |
The ability to find closely correlated positions to Array TechnologiesInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Array TechnologiesInc 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 Array TechnologiesInc - 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 Array TechnologiesInc to buy it.
The correlation of Array TechnologiesInc 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 Array TechnologiesInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Array TechnologiesInc 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 Array TechnologiesInc 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 the analysis of Array TechnologiesInc Correlation against competitors. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Array TechnologiesInc's price analysis, check to measure Array TechnologiesInc'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 Array TechnologiesInc is operating at the current time. Most of Array TechnologiesInc's value examination focuses on studying past and present price action to predict the probability of Array TechnologiesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array TechnologiesInc's price. Additionally, you may evaluate how the addition of Array TechnologiesInc to your portfolios can decrease your overall portfolio volatility.
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Is Array TechnologiesInc's industry 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 Array TechnologiesInc. If investors know Array 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 Array TechnologiesInc 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 (0.65) | Earnings Share 0.56 | Revenue Per Share 10.445 | Quarterly Revenue Growth (0.15) | Return On Assets 0.0795 |
The market value of Array TechnologiesInc is measured differently than its book value, which is the value of Array that is recorded on the company's balance sheet. Investors also form their own opinion of Array TechnologiesInc's value that differs from its market value or its book value, called intrinsic value, which is Array TechnologiesInc'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 Array TechnologiesInc's market value can be influenced by many factors that don't directly affect Array TechnologiesInc'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 Array TechnologiesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Array TechnologiesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Array TechnologiesInc'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.