IHS Non Current Liabilities Total vs Net Receivables Analysis
IHS Stock | USD 3.39 0.04 1.17% |
IHS Holding financial indicator trend analysis is infinitely more than just investigating IHS Holding recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IHS Holding is a good investment. Please check the relationship between IHS Holding Non Current Liabilities Total and its Net Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IHS Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. For more information on how to buy IHS Stock please use our How to Invest in IHS Holding guide.
Non Current Liabilities Total vs Net Receivables
Non Current Liabilities Total vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IHS Holding Non Current Liabilities Total account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between IHS Holding's Non Current Liabilities Total and Net Receivables is 0.61. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Receivables in the same time period over historical financial statements of IHS Holding, assuming nothing else is changed. The correlation between historical values of IHS Holding's Non Current Liabilities Total and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of IHS Holding are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Non Current Liabilities Total i.e., IHS Holding's Non Current Liabilities Total and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Liabilities Total
Net Receivables
Most indicators from IHS Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IHS Holding 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IHS Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. For more information on how to buy IHS Stock please use our How to Invest in IHS Holding guide.At this time, IHS Holding's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 112.9 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 672.3M | 804.4M | 1.0B | 828.2M | Total Revenue | 1.6B | 2.0B | 2.1B | 1.6B |
IHS Holding fundamental ratios Correlations
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IHS Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IHS Holding fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 103.4M | 165.2M | 52.5M | (14.5M) | 304.6M | 174.0M | |
Total Current Liabilities | 566.5M | 683.6M | 830.6M | 1.3B | 1.2B | 858.9M | |
Retained Earnings | (2.5B) | (2.8B) | (2.9B) | (3.3B) | (5.3B) | (5.0B) | |
Accounts Payable | 338.4M | 301.8M | 499.4M | 669.1M | 330.6M | 209.5M | |
Net Receivables | 258.3M | 290.3M | 469.3M | 664.6M | 580.6M | 374.9M | |
Other Current Assets | 6.3M | 1.6M | 1.1M | 27.9M | 57.6M | 80.5M | |
Other Stockholder Equity | (587.2M) | (485.5M) | (780.3M) | (861.4M) | 5.3B | 5.6B | |
Total Current Assets | 1.2B | 989.3M | 1.4B | 1.3B | 972.6M | 946.2M | |
Other Assets | 66.2M | 205.0M | 245.6M | 167.6M | 192.8M | 202.4M | |
Other Liab | 49.6M | 236.2M | 190.1M | 272.3M | 313.1M | 217.1M | |
Net Tangible Assets | 462.5M | (137.1M) | 12.3M | (682.2M) | (614.0M) | (583.3M) | |
Inventory | 48.7M | 49.2M | 42.0M | 74.2M | 40.6M | 47.3M | |
Property Plant Equipment | 1.9B | 1.9B | 2.2B | 3.0B | 3.5B | 2.2B |
Pair Trading with IHS Holding
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 IHS Holding 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 IHS Holding will appreciate offsetting losses from the drop in the long position's value.Moving against IHS Stock
0.62 | Z | Zillow Group Class Sell-off Trend | PairCorr |
0.6 | ZG | Zillow Group | PairCorr |
0.53 | TU | Telus Corp | PairCorr |
0.49 | ZD | Ziff Davis | PairCorr |
0.47 | EMWPF | Eros Media World | PairCorr |
The ability to find closely correlated positions to IHS Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IHS Holding 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 IHS Holding - 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 IHS Holding to buy it.
The correlation of IHS Holding 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 IHS Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IHS Holding 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 IHS Holding 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 IHS Stock Analysis
When running IHS Holding's price analysis, check to measure IHS Holding'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 IHS Holding is operating at the current time. Most of IHS Holding's value examination focuses on studying past and present price action to predict the probability of IHS Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IHS Holding's price. Additionally, you may evaluate how the addition of IHS Holding to your portfolios can decrease your overall portfolio volatility.