QuinStreet Net Invested Capital vs Total Current Assets Analysis
QNST Stock | USD 18.44 0.01 0.05% |
QuinStreet financial indicator trend analysis is much more than just breaking down QuinStreet prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether QuinStreet is a good investment. Please check the relationship between QuinStreet Net Invested Capital and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in QuinStreet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy QuinStreet Stock please use our How to Invest in QuinStreet guide.
Net Invested Capital vs Total Current Assets
Net Invested Capital vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of QuinStreet Net Invested Capital account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between QuinStreet's Net Invested Capital and Total Current Assets is 0.6. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of QuinStreet, assuming nothing else is changed. The correlation between historical values of QuinStreet's Net Invested Capital and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of QuinStreet are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Invested Capital i.e., QuinStreet's Net Invested Capital and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from QuinStreet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into QuinStreet 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in QuinStreet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy QuinStreet Stock please use our How to Invest in QuinStreet guide.At this time, QuinStreet's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.06 in 2024, despite the fact that Enterprise Value Multiple is likely to grow to (310.43).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.1M | 790K | 711K | 675.5K | Depreciation And Amortization | 17.0M | 19.2M | 17.2M | 14.1M |
QuinStreet fundamental ratios Correlations
Click cells to compare fundamentals
QuinStreet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
QuinStreet fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 53.4M | 55.1M | 54.3M | 53.8M | 61.9M | 47.3M | |
Total Assets | 358.4M | 449.9M | 419.9M | 337.2M | 387.7M | 367.2M | |
Other Current Liab | 6.7M | 12.7M | 61.8M | 7.9M | 7.1M | 6.7M | |
Total Current Liabilities | 85.8M | 115.6M | 109.6M | 89.8M | 103.3M | 78.5M | |
Total Stockholder Equity | 255.9M | 295.6M | 286M | 229.8M | 264.3M | 236.6M | |
Other Liab | 7.9M | 30.2M | 20.5M | 16.3M | 18.7M | 9.9M | |
Property Plant And Equipment Net | 14.8M | 17.8M | 16.1M | 20.3M | 23.3M | 24.5M | |
Current Deferred Revenue | 73K | 33K | 341K | 9K | 8.1K | 7.7K | |
Net Debt | (98.8M) | (101.8M) | (92.6M) | (72.4M) | (65.2M) | (61.9M) | |
Retained Earnings | (48.5M) | (24.6M) | (30.2M) | (99.1M) | (89.2M) | (84.7M) | |
Accounts Payable | 36.8M | 45.2M | 42.4M | 37.9M | 43.6M | 29.0M | |
Cash | 107.5M | 110.3M | 96.4M | 73.7M | 84.7M | 86.6M | |
Non Current Assets Total | 172.8M | 243.7M | 237.1M | 186.0M | 167.4M | 145.3M | |
Non Currrent Assets Other | 522K | 5.1M | 5.9M | 5.8M | 6.7M | 4.1M | |
Other Assets | 49.2M | 48.9M | 50.2M | 5.8M | 6.7M | 6.4M | |
Cash And Short Term Investments | 107.5M | 110.3M | 96.4M | 73.7M | 66.3M | 70.5M | |
Net Receivables | 64.5M | 87.9M | 81.4M | 67.7M | 77.9M | 60.1M | |
Good Will | 82.5M | 80.7M | 117.8M | 121.1M | 109.0M | 92.7M | |
Common Stock Total Equity | 50K | 52K | 54K | 53K | 61.0K | 47.6K | |
Liabilities And Stockholders Equity | 358.4M | 449.9M | 419.9M | 337.2M | 387.7M | 367.2M | |
Non Current Liabilities Total | 16.6M | 38.8M | 24.3M | 17.5M | 15.8M | 15.0M | |
Other Current Assets | 792K | 546K | 598K | 9.8M | 8.8M | 5.6M | |
Other Stockholder Equity | 304.7M | 320.3M | 316.4M | 329.1M | 378.5M | 229.4M | |
Total Liab | 102.5M | 154.4M | 133.9M | 107.4M | 96.6M | 95.0M | |
Property Plant And Equipment Gross | 14.8M | 17.8M | 16.1M | 20.3M | 23.3M | 24.5M | |
Total Current Assets | 185.6M | 206.2M | 182.8M | 151.2M | 173.9M | 167.4M | |
Accumulated Other Comprehensive Income | (237K) | (255K) | (261K) | (266K) | (239.4K) | (251.4K) | |
Short Term Debt | 42.3M | 57.7M | 5.1M | 44.0M | 50.6M | 53.1M | |
Intangible Assets | 28.2M | 59.2M | 49.7M | 38.7M | 34.8M | 29.4M | |
Common Stock | 50K | 52K | 54K | 53K | 62.1K | 48.3K | |
Property Plant Equipment | 14.8M | 17.8M | 16.1M | 20.3M | 23.3M | 24.5M | |
Net Tangible Assets | 147.1M | 118.5M | 115.2M | 70.0M | 80.5M | 88.9M | |
Retained Earnings Total Equity | (66.6M) | (48.5M) | (25.0M) | (30.2M) | (27.2M) | (28.6M) | |
Capital Surpluse | 289.8M | 304.7M | 320.3M | 316.4M | 363.9M | 296.7M | |
Inventory | 12.8M | 7.4M | 4.3M | 1.0 | 1.15 | 1.09 |
Pair Trading with QuinStreet
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 QuinStreet 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 QuinStreet will appreciate offsetting losses from the drop in the long position's value.Moving together with QuinStreet Stock
0.73 | CURIW | CuriosityStream | PairCorr |
0.7 | SE | Sea | PairCorr |
Moving against QuinStreet Stock
0.7 | DRCT | Direct Digital Holdings | PairCorr |
0.69 | CCO | Clear Channel Outdoor | PairCorr |
0.61 | DLPN | Dolphin Entertainment | PairCorr |
0.53 | VSME | VS Media Holdings | PairCorr |
0.51 | BOC | Boston Omaha Corp | PairCorr |
The ability to find closely correlated positions to QuinStreet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace QuinStreet 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 QuinStreet - 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 QuinStreet to buy it.
The correlation of QuinStreet 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 QuinStreet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QuinStreet 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 QuinStreet 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in QuinStreet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy QuinStreet Stock please use our How to Invest in QuinStreet guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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When running QuinStreet's price analysis, check to measure QuinStreet'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 QuinStreet is operating at the current time. Most of QuinStreet's value examination focuses on studying past and present price action to predict the probability of QuinStreet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move QuinStreet's price. Additionally, you may evaluate how the addition of QuinStreet to your portfolios can decrease your overall portfolio volatility.
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Is QuinStreet'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 QuinStreet. If investors know QuinStreet 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 QuinStreet 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 1.426 | Earnings Share (1.57) | Revenue Per Share 9.987 | Quarterly Revenue Growth 0.293 | Return On Assets (0.05) |
The market value of QuinStreet is measured differently than its book value, which is the value of QuinStreet that is recorded on the company's balance sheet. Investors also form their own opinion of QuinStreet's value that differs from its market value or its book value, called intrinsic value, which is QuinStreet'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 QuinStreet's market value can be influenced by many factors that don't directly affect QuinStreet'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 QuinStreet's value and its price as these two are different measures arrived at by different means. Investors typically determine if QuinStreet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, QuinStreet'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.