Buckle Total Assets vs Short Term Investments Analysis
BKE Stock | USD 39.24 0.30 0.77% |
Buckle financial indicator trend analysis is way more than just evaluating Buckle Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Buckle Inc is a good investment. Please check the relationship between Buckle Total Assets and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Buckle Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
Total Assets vs Short Term Investments
Total Assets vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Buckle Inc Total Assets account and Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Buckle's Total Assets and Short Term Investments is -0.18. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Buckle Inc, assuming nothing else is changed. The correlation between historical values of Buckle's Total Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Buckle Inc are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Assets i.e., Buckle's Total Assets and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Buckle assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Buckle Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Short Term Investments
Short Term Investments is an item under the current assets section of Buckle balance sheet. It contains any investments Buckle Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Buckle Inc can easily liquidate in the marketplace.Most indicators from Buckle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Buckle Inc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Buckle Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. At present, Buckle's Enterprise Value Multiple is projected to slightly decrease based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 653.0M | 676.0M | 619.1M | 317.5M | Total Revenue | 1.3B | 1.3B | 1.3B | 742.2M |
Buckle fundamental ratios Correlations
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Buckle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Buckle fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 867.9M | 845.8M | 780.9M | 837.6M | 889.8M | 454.3M | |
Other Current Liab | 43.5M | 14.3M | 83.8M | 75.2M | 73.6M | 77.2M | |
Total Current Liabilities | 172.6M | 206.4M | 248.5M | 226.0M | 221.5M | 232.5M | |
Total Stockholder Equity | 389.1M | 396.6M | 312.9M | 376.3M | 413.2M | 296.1M | |
Property Plant And Equipment Net | 463.9M | 379.8M | 359.4M | 383.8M | 409.7M | 430.1M | |
Net Debt | 156.6M | (12.5M) | 34.4M | 51.7M | 47.2M | 49.6M | |
Retained Earnings | 236.4M | 238.1M | 145.1M | 196.8M | 220.0M | 210.7M | |
Accounts Payable | 26.5M | 43.4M | 60.0M | 44.8M | 46.0M | 25.2M | |
Cash | 221.0M | 318.8M | 254.0M | 252.1M | 268.2M | 281.6M | |
Non Current Assets Total | 489.1M | 408.6M | 389.7M | 414.2M | 445.6M | 467.8M | |
Non Currrent Assets Other | 9.3M | 10.5M | 10.9M | 9.8M | 15K | 14.3K | |
Cash And Short Term Investments | 233.5M | 322.1M | 266.9M | 273.1M | 290.4M | 164.3M | |
Net Receivables | 3.1M | 2.8M | 12.1M | 12.6M | 8.7M | 5.2M | |
Common Stock Shares Outstanding | 48.8M | 49.0M | 49.4M | 49.6M | 50.0M | 52.6M | |
Liabilities And Stockholders Equity | 867.9M | 845.8M | 780.9M | 837.6M | 889.8M | 454.3M | |
Non Current Liabilities Total | 306.1M | 242.8M | 219.4M | 235.2M | 255.1M | 267.9M | |
Inventory | 121.3M | 101.1M | 102.1M | 125.1M | 126.3M | 86.3M | |
Other Current Assets | 20.9M | 11.2M | 10.1M | 12.5M | 18.8M | 13.9M | |
Other Stockholder Equity | 152.3M | 158.1M | 167.3M | 179.0M | 192.7M | 104.7M | |
Total Liab | 478.7M | 449.2M | 468.0M | 461.3M | 476.6M | 500.4M | |
Property Plant And Equipment Gross | 463.9M | 379.8M | 712.1M | 737.7M | 769.9M | 808.3M | |
Total Current Assets | 378.8M | 437.2M | 391.2M | 423.3M | 444.3M | 269.6M | |
Common Stock Total Equity | 488K | 490K | 492K | 494K | 568.1K | 403.3K | |
Short Term Investments | 12.5M | 3.4M | 12.9M | 21.0M | 22.2M | 29.6M | |
Other Liab | 15.9M | 18.3M | 19.4M | 20.6M | 23.7M | 34.2M | |
Other Assets | 25.1M | 28.8M | 30.3M | 8.4M | 9.6M | 10.3M | |
Common Stock | 492K | 494K | 497K | 501K | 504K | 431.2K | |
Property Plant Equipment | 113.8M | 379.8M | 359.4M | 383.8M | 441.4M | 463.5M | |
Net Tangible Assets | 389.1M | 396.6M | 312.9M | 376.3M | 432.8M | 415.2M | |
Capital Surpluse | 152.3M | 158.1M | 167.3M | 179.0M | 205.8M | 153.0M | |
Long Term Investments | 15.9M | 18.3M | 19.4M | 20.6M | 25.0M | 22.8M | |
Current Deferred Revenue | 15.3M | 66.9M | 16.5M | 16.8M | 16.7M | 25.7M | |
Short Term Debt | 87.3M | 81.8M | 88.3M | 89.2M | 85.3M | 60.2M | |
Cash And Equivalents | 221.0M | 318.8M | 254.0M | 252.1M | 289.9M | 247.6M | |
Net Invested Capital | 389.1M | 396.6M | 312.9M | 376.3M | 413.2M | 305.5M | |
Net Working Capital | 206.2M | 230.9M | 142.7M | 197.3M | 222.8M | 176.3M |
Pair Trading with Buckle
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 Buckle 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 Buckle will appreciate offsetting losses from the drop in the long position's value.Moving together with Buckle Stock
0.82 | FL | Foot Locker Financial Report 17th of May 2024 | PairCorr |
0.74 | WEYS | Weyco Group | PairCorr |
The ability to find closely correlated positions to Buckle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Buckle 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 Buckle - 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 Buckle Inc to buy it.
The correlation of Buckle 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 Buckle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Buckle Inc 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 Buckle 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Buckle Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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Is Buckle'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 Buckle. If investors know Buckle 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 Buckle 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 (0.1) | Dividend Share 1.4 | Earnings Share 4.4 | Revenue Per Share 25.435 | Quarterly Revenue Growth (0.05) |
The market value of Buckle Inc is measured differently than its book value, which is the value of Buckle that is recorded on the company's balance sheet. Investors also form their own opinion of Buckle's value that differs from its market value or its book value, called intrinsic value, which is Buckle'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 Buckle's market value can be influenced by many factors that don't directly affect Buckle'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 Buckle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Buckle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Buckle'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.