Honest Days Sales Outstanding from 2010 to 2024
| HNST Stock | USD 2.70 0.01 0.37% |
Days Sales Outstanding | First Reported 2010-12-31 | Previous Quarter 45.62076448 | Current Value 31.45 | Quarterly Volatility 4.91065246 |
Check Honest financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Honest's main balance sheet or income statement drivers, such as Tax Provision of 100.3 K, Depreciation And Amortization of 3.5 M or Interest Expense of 255.6 K, as well as many indicators such as Price To Sales Ratio of 0.86, Dividend Yield of 0.0486 or PTB Ratio of 2.66. Honest financial statements analysis is a perfect complement when working with Honest Valuation or Volatility modules.
Honest | Days Sales Outstanding |
Latest Honest's Days Sales Outstanding Growth Pattern
Below is the plot of the Days Sales Outstanding of Honest Company over the last few years. It is Honest's Days Sales Outstanding historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Honest's overall financial position and show how it may be relating to other accounts over time.
| Days Sales Outstanding | 10 Years Trend |
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Days Sales Outstanding |
| Timeline |
Honest Days Sales Outstanding Regression Statistics
| Arithmetic Mean | 37.75 | |
| Geometric Mean | 37.45 | |
| Coefficient Of Variation | 13.01 | |
| Mean Deviation | 2.59 | |
| Median | 37.58 | |
| Standard Deviation | 4.91 | |
| Sample Variance | 24.11 | |
| Range | 21.5789 | |
| R-Value | 0.1 | |
| Mean Square Error | 25.73 | |
| R-Squared | 0.01 | |
| Significance | 0.73 | |
| Slope | 0.10 | |
| Total Sum of Squares | 337.60 |
Honest Days Sales Outstanding History
About Honest Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Honest income statement, its balance sheet, and the statement of cash flows. Honest investors use historical funamental indicators, such as Honest's Days Sales Outstanding, to determine how well the company is positioned to perform in the future. Although Honest investors may use each financial statement separately, they are all related. The changes in Honest's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Honest'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 Honest Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Honest. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Sales Outstanding | 45.62 | 31.45 |
Pair Trading with Honest
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 Honest 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 Honest will appreciate offsetting losses from the drop in the long position's value.Moving together with Honest Stock
| 0.69 | EL | Estee Lauder Companies Fiscal Year End 16th of August 2024 | PairCorr |
Moving against Honest Stock
| 0.68 | YSG | Yatsen Holding | PairCorr |
| 0.62 | UG | United Guardian | PairCorr |
| 0.49 | KMB | Kimberly Clark Earnings Call Today | PairCorr |
| 0.48 | CL | Colgate Palmolive Earnings Call Tomorrow | PairCorr |
| 0.48 | UL | Unilever PLC ADR | PairCorr |
The ability to find closely correlated positions to Honest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Honest 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 Honest - 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 Honest Company to buy it.
The correlation of Honest 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 Honest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Honest Company 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 Honest 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 Honest Stock Analysis
When running Honest's price analysis, check to measure Honest'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 Honest is operating at the current time. Most of Honest's value examination focuses on studying past and present price action to predict the probability of Honest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honest's price. Additionally, you may evaluate how the addition of Honest to your portfolios can decrease your overall portfolio volatility.