Core Total Revenue vs Extraordinary Items Analysis
CMT Stock | USD 19.78 0.79 4.16% |
Core Molding financial indicator trend analysis is way more than just evaluating Core Molding Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Core Molding Technologies is a good investment. Please check the relationship between Core Molding Total Revenue and its Extraordinary Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Core Molding Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Total Revenue vs Extraordinary Items
Total Revenue vs Extraordinary Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Core Molding Technologies Total Revenue account and Extraordinary Items. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Core Molding's Total Revenue and Extraordinary Items is -0.57. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Extraordinary Items in the same time period over historical financial statements of Core Molding Technologies, assuming nothing else is changed. The correlation between historical values of Core Molding's Total Revenue and Extraordinary Items 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 Revenue of Core Molding Technologies are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Total Revenue i.e., Core Molding's Total Revenue and Extraordinary Items go up and down completely randomly.
Correlation Coefficient | -0.57 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Revenue
Total revenue comprises all receipts Core Molding Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Extraordinary Items
Most indicators from Core Molding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Core Molding Technologies 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 Core Molding Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, Core Molding's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.11 in 2024, whereas Tax Provision is likely to drop slightly above 1.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 41.3M | 52.4M | 62.3M | 65.4M | Total Revenue | 307.5M | 377.4M | 357.7M | 375.6M |
Core Molding fundamental ratios Correlations
Click cells to compare fundamentals
Core Molding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Core Molding fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 179.3M | 165.5M | 186.1M | 198.6M | 213.4M | 118.9M | |
Short Long Term Debt Total | 52.6M | 28.2M | 29.6M | 26.1M | 26.8M | 22.7M | |
Other Current Liab | 9.5M | 14.7M | 15.7M | 16.7M | 13.6M | 6.9M | |
Total Current Liabilities | 82.6M | 36.0M | 53.1M | 50.8M | 46.2M | 28.4M | |
Total Stockholder Equity | 84.4M | 93.9M | 100.1M | 116.1M | 139.0M | 145.9M | |
Property Plant And Equipment Net | 83.7M | 76.8M | 81.5M | 88.4M | 85.0M | 54.5M | |
Net Debt | 50.7M | 24.0M | 23.5M | 21.9M | 2.7M | 2.6M | |
Retained Earnings | 76.7M | 84.9M | 89.5M | 101.7M | 122.1M | 128.2M | |
Accounts Payable | 19.9M | 17.0M | 22.7M | 29.6M | 24.0M | 13.0M | |
Cash | 1.9M | 4.1M | 6.1M | 4.2M | 24.1M | 25.3M | |
Non Current Assets Total | 118.1M | 109.0M | 111.0M | 118.0M | 110.5M | 68.7M | |
Non Currrent Assets Other | 3.6M | 2.4M | 2.0M | 4.6M | 418K | 438.9K | |
Cash And Short Term Investments | 1.9M | 4.1M | 6.1M | 4.2M | 24.1M | 25.3M | |
Net Receivables | 32.4M | 30.2M | 38.8M | 44.3M | 48.2M | 26.2M | |
Common Stock Shares Outstanding | 7.8M | 7.9M | 8.1M | 8.4M | 8.8M | 6.8M | |
Liabilities And Stockholders Equity | 179.3M | 165.5M | 186.1M | 198.6M | 213.4M | 118.9M | |
Non Current Liabilities Total | 12.3M | 35.6M | 33.0M | 31.7M | 28.2M | 20.7M | |
Inventory | 21.7M | 18.4M | 25.1M | 23.9M | 22.1M | 12.4M | |
Other Current Assets | 5.3M | 3.8M | 5.1M | 8.4M | 8.5M | 9.0M | |
Other Stockholder Equity | 6.3M | 7.6M | 9.4M | 11.2M | 11.5M | 8.6M | |
Total Liab | 94.9M | 71.6M | 86.0M | 82.5M | 74.4M | 56.8M | |
Property Plant And Equipment Gross | 83.7M | 76.8M | 81.5M | 83.3M | 213.1M | 223.8M | |
Total Current Assets | 61.2M | 56.5M | 75.1M | 80.7M | 102.9M | 108.0M | |
Accumulated Other Comprehensive Income | 1.4M | 1.4M | 1.1M | 3.1M | 5.3M | 5.6M | |
Short Term Debt | 49.5M | 3.0M | 8.4M | 3.1M | 3.4M | 5.2M | |
Common Stock Total Equity | 78K | 79K | 80K | 84K | 75.6K | 66.1K | |
Common Stock | 79K | 80K | 82K | 84K | 86K | 66.2K | |
Other Liab | 7.9M | 9.1M | 7.7M | 5.2M | 4.7M | 7.9M | |
Other Assets | 3.6M | 3.3M | 2.6M | 4.6M | 4.1M | 3.8M | |
Long Term Debt | 0.0 | 25.2M | 21.3M | 23.0M | 21.5M | 16.1M | |
Property Plant Equipment | 79.2M | 74.1M | 81.5M | 83.3M | 95.8M | 55.7M | |
Intangible Assets | 13.5M | 11.5M | 9.6M | 7.6M | 6.0M | 7.4M | |
Current Deferred Revenue | 3.7M | 1.3M | 6.3M | 1.4M | 5.2M | 3.2M | |
Treasury Stock | (28.5M) | (28.5M) | (28.6M) | (29.1M) | (26.2M) | (27.5M) | |
Net Tangible Assets | 53.6M | 65.0M | 73.2M | 116.1M | 133.5M | 83.2M | |
Retained Earnings Total Equity | 91.9M | 76.7M | 84.9M | 101.7M | 117.0M | 80.4M | |
Long Term Debt Total | 0.0 | 25.2M | 21.3M | 23.0M | 26.4M | 16.1M | |
Capital Surpluse | 34.8M | 36.1M | 38.0M | 40.3M | 46.4M | 35.2M |
Pair Trading with Core Molding
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 Core Molding 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 Core Molding will appreciate offsetting losses from the drop in the long position's value.Moving against Core Stock
0.41 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
The ability to find closely correlated positions to Core Molding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Core Molding 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 Core Molding - 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 Core Molding Technologies to buy it.
The correlation of Core Molding 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 Core Molding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Core Molding 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 Core Molding 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 Core Molding Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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When running Core Molding's price analysis, check to measure Core Molding'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 Core Molding is operating at the current time. Most of Core Molding's value examination focuses on studying past and present price action to predict the probability of Core Molding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Molding's price. Additionally, you may evaluate how the addition of Core Molding to your portfolios can decrease your overall portfolio volatility.
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Is Core Molding'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 Core Molding. If investors know Core 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 Core Molding 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 (0.35) | Earnings Share 2.08 | Revenue Per Share 39.059 | Quarterly Revenue Growth (0.21) | Return On Assets 0.071 |
The market value of Core Molding Technologies is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Molding's value that differs from its market value or its book value, called intrinsic value, which is Core Molding'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 Core Molding's market value can be influenced by many factors that don't directly affect Core Molding'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 Core Molding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Molding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Molding'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.