TransAct Current Ratio from 2010 to 2024
| TACT Stock | USD 3.55 0.09 2.60% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 3.00667351 | Current Value 2.62 | Quarterly Volatility 0.8916029 |
Check TransAct Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among TransAct main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.3 M, Interest Expense of 325.5 K or Selling General Administrative of 10.1 M, as well as many exotic indicators such as Price To Sales Ratio of 1.09, Dividend Yield of 0.0184 or PTB Ratio of 1.67. TransAct financial statements analysis is a perfect complement when working with TransAct Technologies Valuation or Volatility modules.
TransAct | Current Ratio |
Latest TransAct Technologies' Current Ratio Growth Pattern
Below is the plot of the Current Ratio of TransAct Technologies Incorporated over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. TransAct Technologies' Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in TransAct Technologies' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 2.83 X | 10 Years Trend |
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Current Ratio |
| Timeline |
TransAct Current Ratio Regression Statistics
| Arithmetic Mean | 3.63 | |
| Geometric Mean | 3.53 | |
| Coefficient Of Variation | 24.58 | |
| Mean Deviation | 0.69 | |
| Median | 3.59 | |
| Standard Deviation | 0.89 | |
| Sample Variance | 0.79 | |
| Range | 3.3994 | |
| R-Value | (0.44) | |
| Mean Square Error | 0.69 | |
| R-Squared | 0.19 | |
| Significance | 0.10 | |
| Slope | (0.09) | |
| Total Sum of Squares | 11.13 |
TransAct Current Ratio History
About TransAct Technologies Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include TransAct Technologies income statement, its balance sheet, and the statement of cash flows. TransAct Technologies investors use historical funamental indicators, such as TransAct Technologies's Current Ratio, to determine how well the company is positioned to perform in the future. Although TransAct Technologies investors may use each financial statement separately, they are all related. The changes in TransAct Technologies's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on TransAct Technologies'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 TransAct Technologies Financial Statements. Understanding these patterns can help to make the right decision on long term investment in TransAct Technologies. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 3.01 | 2.62 |
Pair Trading with TransAct Technologies
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 TransAct Technologies 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 TransAct Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against TransAct Stock
| 0.81 | DSWL | Deswell Industries | PairCorr |
| 0.73 | VISL | Vislink Technologies | PairCorr |
| 0.6 | UI | Ubiquiti Networks Fiscal Year End 23rd of August 2024 | PairCorr |
| 0.6 | VRME | VerifyMe | PairCorr |
| 0.55 | KN | Knowles Cor | PairCorr |
The ability to find closely correlated positions to TransAct Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TransAct Technologies 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 TransAct Technologies - 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 TransAct Technologies Incorporated to buy it.
The correlation of TransAct Technologies 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 TransAct Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TransAct Technologies 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 TransAct Technologies 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 TransAct Technologies Correlation against competitors. Note that the TransAct Technologies information on this page should be used as a complementary analysis to other TransAct Technologies' 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for TransAct Stock analysis
When running TransAct Technologies' price analysis, check to measure TransAct Technologies' 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 TransAct Technologies is operating at the current time. Most of TransAct Technologies' value examination focuses on studying past and present price action to predict the probability of TransAct Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TransAct Technologies' price. Additionally, you may evaluate how the addition of TransAct Technologies to your portfolios can decrease your overall portfolio volatility.
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Is TransAct Technologies' 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 TransAct Technologies. If investors know TransAct 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 TransAct Technologies 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 0.8 | Earnings Share 0.06 | Revenue Per Share 6.128 | Quarterly Revenue Growth (0.52) | Return On Assets 0.0071 |
The market value of TransAct Technologies is measured differently than its book value, which is the value of TransAct that is recorded on the company's balance sheet. Investors also form their own opinion of TransAct Technologies' value that differs from its market value or its book value, called intrinsic value, which is TransAct Technologies' 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 TransAct Technologies' market value can be influenced by many factors that don't directly affect TransAct Technologies' 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 TransAct Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if TransAct Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TransAct Technologies' 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.