FinVolution Short Long Term Debt Total vs Cash And Short Term Investments Analysis
FINV Stock | USD 4.70 0.08 1.67% |
FinVolution financial indicator trend analysis is much more than just examining FinVolution Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FinVolution Group is a good investment. Please check the relationship between FinVolution Short Long Term Debt Total and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FinVolution Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Short Long Term Debt Total vs Cash And Short Term Investments
Short Long Term Debt Total vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FinVolution Group Short Long Term Debt Total account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between FinVolution's Short Long Term Debt Total and Cash And Short Term Investments is 0.28. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of FinVolution Group, assuming nothing else is changed. The correlation between historical values of FinVolution's Short Long Term Debt Total and Cash 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 Short Long Term Debt Total of FinVolution Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Short Long Term Debt Total i.e., FinVolution's Short Long Term Debt Total and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Short Long Term Debt Total
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of FinVolution Group balance sheet. This account contains FinVolution investments that will expire within one year. These investments include stocks and bonds that can be liquidated by FinVolution Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from FinVolution's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FinVolution Group 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FinVolution Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Selling General Administrative is likely to climb to about 470.6 M in 2024, whereas Tax Provision is likely to drop slightly above 315.3 M in 2024.
2023 | 2024 (projected) | Interest Income | 1.3B | 1.3B | Tax Provision | 468.5M | 315.3M |
FinVolution fundamental ratios Correlations
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FinVolution Account Relationship Matchups
High Positive Relationship
High Negative Relationship
FinVolution fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 18.3B | 14.9B | 18.1B | 21.4B | 21.3B | 14.5B | |
Short Long Term Debt Total | 320.1M | 43.3M | 33.4M | 177.0M | 41.6M | 80.7M | |
Other Current Liab | 9.7B | 2.7B | 3.0B | 3.2B | 1.4B | 1.3B | |
Total Current Liabilities | 10.0B | 3.9B | 4.1B | 5.0B | 3.7B | 4.8B | |
Total Stockholder Equity | 7.9B | 8.4B | 10.7B | 12.4B | 13.7B | 7.8B | |
Other Liab | 9.4B | 5.5B | 6.3B | 7.4B | 8.6B | 5.6B | |
Net Tangible Assets | 7.8B | 8.2B | 10.5B | 12.2B | 14.1B | 14.8B | |
Property Plant And Equipment Net | 230.1M | 148.8M | 161.5M | 333.8M | 179.0M | 166.6M | |
Current Deferred Revenue | 55.7M | 1.3B | 1.1B | 1.8B | 1.9B | 2.0B | |
Net Debt | (2.0B) | (2.6B) | (4.4B) | (3.5B) | (4.9B) | (4.7B) | |
Retained Earnings | 2.0B | 2.7B | 4.7B | 6.5B | 8.4B | 8.8B | |
Accounts Payable | 1.1B | 905.0M | 0.0 | 357.3M | 321.6M | 396.6M | |
Cash | 2.3B | 2.6B | 4.4B | 3.6B | 5.0B | 2.7B | |
Non Current Assets Total | 1.4B | 1.4B | 1.7B | 2.5B | 3.1B | 3.2B | |
Non Currrent Assets Other | 7.6M | 56.3M | 1.4B | 1.6B | 1.9B | 2.0B | |
Other Assets | 129.7M | 155.8M | 455.7M | 919.4M | 1.1B | 1.1B | |
Cash And Short Term Investments | 2.4B | 4.6B | 5.6B | 7.1B | 7.9B | 4.4B | |
Net Receivables | 9.4B | 4.3B | 4.8B | 6.0B | 5.1B | 4.3B | |
Common Stock Shares Outstanding | 310.5M | 298.3M | 296.5M | 290.9M | 280.6M | 311.9M | |
Short Term Investments | 114.6M | 2.0B | 1.2B | 3.4B | 3.0B | 1.7B | |
Liabilities And Stockholders Equity | 18.3B | 14.9B | 18.1B | 21.4B | 21.3B | 14.5B | |
Non Current Liabilities Total | 284.1M | 2.5B | 3.4B | 4.0B | 3.8B | 3.9B | |
Capital Lease Obligations | 85.1M | 43.3M | 33.4M | 177.0M | 35.9M | 45.8M | |
Inventory | (8.3B) | (3.4B) | (2.7B) | (3.6B) | (2.9B) | (3.1B) | |
Other Current Assets | 13.4B | 8.0B | 8.7B | 9.4B | 8.1B | 6.7B | |
Other Stockholder Equity | 5.6B | 5.3B | 5.4B | 5.1B | 4.5B | 4.6B | |
Total Liab | 10.3B | 6.5B | 7.4B | 8.9B | 7.4B | 6.7B | |
Long Term Investments | 952.8M | 950.5M | 971.1M | 1.1B | 1.1B | 644.4M | |
Property Plant And Equipment Gross | 230.1M | 148.8M | 161.5M | 333.8M | 452.5M | 475.1M | |
Total Current Assets | 16.9B | 13.5B | 16.4B | 18.9B | 18.2B | 13.1B | |
Accumulated Other Comprehensive Income | 387.5M | 452.9M | 593.6M | 750.6M | 842.5M | 884.6M | |
Non Current Liabilities Other | 55.2M | 2.4B | 64.7M | 3.6B | 3.4B | 3.6B | |
Short Term Debt | 17.3M | 25M | 235M | 5.8M | 6.6M | 6.3M | |
Intangible Assets | 68.9M | 64.3M | 98.9M | 98.7M | 113.5M | 72.4M | |
Property Plant Equipment | 230.1M | 148.8M | 161.5M | 333.8M | 383.8M | 403.0M |
Pair Trading with FinVolution
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 FinVolution 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 FinVolution will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to FinVolution could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FinVolution 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 FinVolution - 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 FinVolution Group to buy it.
The correlation of FinVolution 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 FinVolution moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FinVolution Group 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 FinVolution 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 FinVolution Stock Analysis
When running FinVolution's price analysis, check to measure FinVolution'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 FinVolution is operating at the current time. Most of FinVolution's value examination focuses on studying past and present price action to predict the probability of FinVolution's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FinVolution's price. Additionally, you may evaluate how the addition of FinVolution to your portfolios can decrease your overall portfolio volatility.