Beyond Short Term Investments vs Common Stock Analysis
| BYON Stock | 16.86 0.61 3.49% |
Beyond financial indicator trend analysis is way more than just evaluating Beyond Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beyond Inc is a good investment. Please check the relationship between Beyond Short Term Investments and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beyond 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 persons.
Short Term Investments vs Common Stock
Short Term Investments vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beyond Inc Short Term Investments account and Common Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Beyond's Short Term Investments and Common Stock is 0.9. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Common Stock in the same time period over historical financial statements of Beyond Inc, assuming nothing else is changed. The correlation between historical values of Beyond's Short Term Investments and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Beyond Inc are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Term Investments i.e., Beyond's Short Term Investments and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of Beyond balance sheet. It contains any investments Beyond Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Beyond Inc can easily liquidate in the marketplace.Common Stock
Most indicators from Beyond's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beyond 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 Beyond 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 persons. At this time, Beyond's Selling General Administrative is very stable compared to the past year. As of the 11th of May 2024, Tax Provision is likely to grow to about 43.8 M, while Enterprise Value Over EBITDA is likely to drop (4.44).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 556K | 1.9M | 1.8M | 1.4M | Depreciation And Amortization | 18.6M | 16.7M | 19.4M | 19.9M |
Beyond fundamental ratios Correlations
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Beyond Account Relationship Matchups
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Beyond fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 417.7M | 830.2M | 1.1B | 878.5M | 635.8M | 399.3M | |
| Total Stockholder Equity | 115.1M | 373.7M | 744.4M | 645.8M | 359.1M | 377.1M | |
| Net Debt | (84.1M) | (435.7M) | (452.0M) | (328.8M) | (298.9M) | (283.9M) | |
| Cash | 112.3M | 495.4M | 503.3M | 371.3M | 302.6M | 178.7M | |
| Cash And Short Term Investments | 122.6M | 495.4M | 503.3M | 371.3M | 302.6M | 190.1M | |
| Common Stock Shares Outstanding | 34.9M | 41.6M | 43.3M | 44.3M | 45.2M | 27.8M | |
| Liabilities And Stockholders Equity | 417.7M | 830.2M | 1.1B | 878.5M | 635.8M | 399.3M | |
| Total Current Assets | 177.4M | 582.7M | 551.8M | 414.5M | 350.1M | 251.8M | |
| Short Long Term Debt Total | 28.2M | 59.7M | 51.3M | 42.5M | 3.8M | 3.6M | |
| Other Current Liab | 76.5M | 126.7M | 79.7M | 52.8M | 62.8M | 46.4M | |
| Total Current Liabilities | 216.0M | 327.6M | 272.3M | 191.1M | 232.4M | 188.3M | |
| Property Plant And Equipment Net | 155.4M | 131.1M | 122.1M | 117.4M | 31.0M | 29.5M | |
| Retained Earnings | (580.4M) | (525.2M) | (136.6M) | (173.8M) | (481.7M) | (457.6M) | |
| Accounts Payable | 91.1M | 123.6M | 127.9M | 89.5M | 117.1M | 94.3M | |
| Non Current Assets Total | 240.4M | 247.5M | 514.2M | 464.0M | 285.7M | 152.8M | |
| Non Currrent Assets Other | 4.0M | 108.8M | 3.2M | 2.8M | 56.8M | 59.6M | |
| Net Receivables | 24.7M | 22.9M | 21.2M | 17.7M | 19.4M | 18.3M | |
| Non Current Liabilities Total | 23.9M | 66.3M | 49.2M | 41.6M | 44.3M | 31.4M | |
| Inventory | 5.8M | 6.2M | 5.1M | 6.5M | 13.0M | 18.2M | |
| Other Current Assets | 6.2M | 6.3M | 5.1M | 5.5M | 2.4M | 2.3M | |
| Other Stockholder Equity | (568K) | (553K) | (537K) | (522K) | 841.3M | 883.4M | |
| Total Liab | 239.9M | 393.9M | 321.6M | 232.7M | 276.7M | 231.5M | |
| Accumulated Other Comprehensive Income | (568K) | (553K) | (537K) | (522K) | (506K) | (531.3K) | |
| Short Term Debt | 6.6M | 5.2M | 5.4M | 4.4M | 2.8M | 2.7M | |
| Short Term Investments | (1K) | 2.4M | 10.3M | 1.8M | 1.6M | 1.5M | |
| Intangible Assets | 13.4M | 11.8M | 14.0M | 6.2M | 25.3M | 26.5M | |
| Current Deferred Revenue | 41.8M | 72.2M | 59.4M | 44.5M | 49.6M | 43.1M |
Beyond Investors Sentiment
The influence of Beyond's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Beyond. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Beyond's public news can be used to forecast risks associated with an investment in Beyond. The trend in average sentiment can be used to explain how an investor holding Beyond can time the market purely based on public headlines and social activities around Beyond Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Beyond's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Beyond's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Beyond's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Beyond.
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 Beyond 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, Beyond's short interest history, or implied volatility extrapolated from Beyond options trading.
Pair Trading with Beyond
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 Beyond 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 Beyond will appreciate offsetting losses from the drop in the long position's value.Moving together with Beyond Stock
| 0.83 | HD | Home Depot Earnings Call This Week | PairCorr |
| 0.72 | BBY | Best Buy Financial Report 23rd of May 2024 | PairCorr |
| 0.79 | FND | Floor Decor Holdings | PairCorr |
The ability to find closely correlated positions to Beyond could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beyond 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 Beyond - 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 Beyond Inc to buy it.
The correlation of Beyond 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 Beyond moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beyond 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 Beyond 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 Beyond 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 persons. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Beyond Stock analysis
When running Beyond's price analysis, check to measure Beyond'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 Beyond is operating at the current time. Most of Beyond's value examination focuses on studying past and present price action to predict the probability of Beyond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beyond's price. Additionally, you may evaluate how the addition of Beyond to your portfolios can decrease your overall portfolio volatility.
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Is Beyond'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 Beyond. If investors know Beyond 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 Beyond listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 34.454 | Quarterly Revenue Growth 0.003 | Return On Assets (0.14) | Return On Equity (0.80) |
The market value of Beyond Inc is measured differently than its book value, which is the value of Beyond that is recorded on the company's balance sheet. Investors also form their own opinion of Beyond's value that differs from its market value or its book value, called intrinsic value, which is Beyond'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 Beyond's market value can be influenced by many factors that don't directly affect Beyond'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 Beyond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beyond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beyond'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.