| FTFT Stock | | | USD 0.78 0.02 2.50% |
Future Fintech financial indicator trend analysis is much more than just examining Future Fintech Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Future Fintech Group is a good investment. Please check the relationship between Future Fintech Cash And Short Term Investments and its Accounts Payable accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Future Fintech Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as
signals in census.
Cash And Short Term Investments vs Accounts Payable
Cash And Short Term Investments vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Future Fintech Group Cash And Short Term Investments account and
Accounts Payable. At this time, the significance of the direction appears to have very week relationship.
The correlation between Future Fintech's Cash And Short Term Investments and Accounts Payable is 0.21. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Future Fintech Group, assuming nothing else is changed. The correlation between historical values of Future Fintech's Cash And Short Term Investments and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Future Fintech Group are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash And Short Term Investments i.e., Future Fintech's Cash And Short Term Investments and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.21 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Future Fintech Group balance sheet. This account contains Future Fintech investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Future Fintech 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.
Accounts Payable
An accounting item on the balance sheet that represents Future Fintech obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Future Fintech Group are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Future Fintech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Future Fintech 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 Future Fintech Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as
signals in census.
Selling General Administrative is likely to gain to about 15.7
M in 2024, whereas
Discontinued Operations is likely to drop
(185.95) in 2024.
Future Fintech fundamental ratios Correlations
Click cells to compare fundamentals
Future Fintech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Future Fintech fundamental ratios Accounts
Pair Trading with Future Fintech
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 Future Fintech 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 Future Fintech will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Future Fintech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Future Fintech 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 Future Fintech - 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 Future Fintech Group to buy it.
The correlation of Future Fintech 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 Future Fintech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Future Fintech 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 Future Fintech 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 Future Stock Analysis
When running Future Fintech's price analysis, check to
measure Future Fintech'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 Future Fintech is operating at the current time. Most of Future Fintech's value examination focuses on studying past and present price action to
predict the probability of Future Fintech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Future Fintech's price. Additionally, you may evaluate how the addition of Future Fintech to your portfolios can decrease your overall portfolio volatility.