CECO Total Current Assets from 2010 to 2024
CECO Stock | USD 25.39 0.07 0.28% |
Total Current Assets | First Reported 1990-03-31 | Previous Quarter 285.4 M | Current Value 281.4 M | Quarterly Volatility 83.8 M |
Check CECO Environmental financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CECO main balance sheet or income statement drivers, such as Depreciation And Amortization of 13.1 M, Interest Expense of 14.1 M or Total Revenue of 572.1 M, as well as many exotic indicators such as Price To Sales Ratio of 1.23, Dividend Yield of 0.0281 or PTB Ratio of 2.87. CECO financial statements analysis is a perfect complement when working with CECO Environmental Valuation or Volatility modules.
CECO | Total Current Assets |
Latest CECO Environmental's Total Current Assets Growth Pattern
Below is the plot of the Total Current Assets of CECO Environmental Corp over the last few years. It is the total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle. CECO Environmental's Total Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CECO Environmental's overall financial position and show how it may be relating to other accounts over time.
Total Current Assets | 10 Years Trend |
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Total Current Assets |
Timeline |
CECO Total Current Assets Regression Statistics
Arithmetic Mean | 168,496,723 | |
Geometric Mean | 115,015,502 | |
Coefficient Of Variation | 48.82 | |
Mean Deviation | 61,838,045 | |
Median | 179,498,000 | |
Standard Deviation | 82,266,537 | |
Sample Variance | 6767.8T | |
Range | 294.7M | |
R-Value | 0.88 | |
Mean Square Error | 1600T | |
R-Squared | 0.78 | |
Significance | 0.000013 | |
Slope | 16,251,307 | |
Total Sum of Squares | 94749T |
CECO Total Current Assets History
About CECO Environmental Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include CECO Environmental income statement, its balance sheet, and the statement of cash flows. CECO Environmental investors use historical funamental indicators, such as CECO Environmental's Total Current Assets, to determine how well the company is positioned to perform in the future. Although CECO Environmental investors may use each financial statement separately, they are all related. The changes in CECO Environmental's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CECO Environmental'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 CECO Environmental Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CECO Environmental. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for Next Year | ||
Total Current Assets | 281.4 M | 295.5 M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CECO Environmental in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CECO Environmental's short interest history, or implied volatility extrapolated from CECO Environmental options trading.
Pair Trading with CECO Environmental
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 CECO Environmental 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 CECO Environmental will appreciate offsetting losses from the drop in the long position's value.Moving together with CECO Stock
0.77 | PFFVF | Pfeiffer Vacuum Tech | PairCorr |
0.84 | ARQ | Arq Inc Symbol Change | PairCorr |
0.79 | FSS | Federal Signal Financial Report 7th of May 2024 | PairCorr |
Moving against CECO Stock
0.87 | SPEC | Spectaire Holdings Symbol Change | PairCorr |
0.83 | CDTI | CDTi Advanced Materials | PairCorr |
0.8 | LIQT | LiqTech International | PairCorr |
0.79 | TOMZ | TOMI Environmental Financial Report 20th of May 2024 | PairCorr |
0.48 | ERII | Energy Recovery Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to CECO Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CECO Environmental 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 CECO Environmental - 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 CECO Environmental Corp to buy it.
The correlation of CECO Environmental 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 CECO Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CECO Environmental 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 CECO Environmental 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 CECO Environmental Correlation against competitors. Note that the CECO Environmental Corp information on this page should be used as a complementary analysis to other CECO Environmental's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for CECO Stock analysis
When running CECO Environmental's price analysis, check to measure CECO Environmental'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 CECO Environmental is operating at the current time. Most of CECO Environmental's value examination focuses on studying past and present price action to predict the probability of CECO Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CECO Environmental's price. Additionally, you may evaluate how the addition of CECO Environmental to your portfolios can decrease your overall portfolio volatility.
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Is CECO Environmental'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 CECO Environmental. If investors know CECO 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 CECO Environmental 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 (0.54) | Earnings Share 0.37 | Revenue Per Share 15.717 | Quarterly Revenue Growth 0.321 | Return On Assets 0.0455 |
The market value of CECO Environmental Corp is measured differently than its book value, which is the value of CECO that is recorded on the company's balance sheet. Investors also form their own opinion of CECO Environmental's value that differs from its market value or its book value, called intrinsic value, which is CECO Environmental'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 CECO Environmental's market value can be influenced by many factors that don't directly affect CECO Environmental'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 CECO Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if CECO Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CECO Environmental'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.