TechPrecision Current Deferred Revenue vs Common Stock Shares Outstanding Analysis

TPCS Stock

USD 3.69 0.20 5.73%

TechPrecision Common financial indicator trend analysis is much more than just breaking down TechPrecision Common prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TechPrecision Common is a good investment. Please check the relationship between TechPrecision Common Current Deferred Revenue and its Common Stock Shares Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TechPrecision Common. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy TechPrecision Stock please use our How to Invest in TechPrecision Common guide.

Current Deferred Revenue vs Common Stock Shares Outstanding

Current Deferred Revenue vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TechPrecision Common Current Deferred Revenue account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between TechPrecision Common's Current Deferred Revenue and Common Stock Shares Outstanding is 0.43. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of TechPrecision Common, assuming nothing else is changed. The correlation between historical values of TechPrecision Common's Current Deferred Revenue and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of TechPrecision Common are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Current Deferred Revenue i.e., TechPrecision Common's Current Deferred Revenue and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from TechPrecision Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TechPrecision Common 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TechPrecision Common. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy TechPrecision Stock please use our How to Invest in TechPrecision Common guide.At this time, TechPrecision Common's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 59.06 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	22.3M	31.4M	28.3M	19.2M
Interest Expense	269.4K	355.6K	320.0K	304.0K

Total Revenue Interest Expense

TechPrecision Common fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Assets	Long Term Debt
Total Assets		0.77	0.5	0.5	0.74	0.98	0.73	0.88	0.34	0.6	-0.39	0.97	0.22	-0.39	0.96	0.5	0.88	0.89	0.82	0.87	0.92	0.65	0.14	-0.47	0.51	0.07
Short Long Term Debt Total	0.77		0.49	0.62	0.59	0.8	0.62	0.86	0.11	0.68	-0.4	0.77	0.25	-0.4	0.69	0.36	0.74	0.63	0.57	0.61	0.81	0.63	0.31	-0.43	0.26	0.34
Other Current Liab	0.5	0.49		0.85	0.32	0.49	0.6	0.42	0.06	0.86	-0.33	0.43	0.55	-0.33	0.58	0.15	0.26	0.3	0.22	0.28	0.6	0.64	0.43	-0.11	-0.19	-0.32
Total Current Liabilities	0.5	0.62	0.85		0.23	0.52	0.51	0.54	-0.03	0.98	-0.34	0.44	0.31	-0.34	0.61	0.0	0.23	0.3	0.24	0.24	0.66	0.6	0.8	-0.25	-0.31	-0.38
Total Stockholder Equity	0.74	0.59	0.32	0.23		0.64	0.28	0.45	0.72	0.36	0.04	0.67	0.17	0.04	0.69	0.65	0.54	0.7	0.46	0.65	0.48	0.8	-0.07	-0.08	0.61	0.07
Property Plant And Equipment Net	0.98	0.8	0.49	0.52	0.64		0.82	0.94	0.15	0.61	-0.52	0.99	0.15	-0.52	0.93	0.52	0.92	0.89	0.86	0.9	0.96	0.53	0.15	-0.5	0.49	0.1
Current Deferred Revenue	0.73	0.62	0.6	0.51	0.28	0.82		0.8	-0.26	0.56	-0.73	0.79	0.29	-0.73	0.7	0.43	0.8	0.69	0.75	0.73	0.86	0.28	0.01	-0.46	0.27	0.12
Net Debt	0.88	0.86	0.42	0.54	0.45	0.94	0.8		-0.02	0.58	-0.65	0.91	0.14	-0.65	0.83	0.31	0.9	0.81	0.8	0.79	0.96	0.42	0.24	-0.59	0.35	0.26
Retained Earnings	0.34	0.11	0.06	-0.03	0.72	0.15	-0.26	-0.02		0.06	0.5	0.17	0.26	0.5	0.34	0.06	0.06	0.21	0.03	0.08	0.03	0.72	-0.02	-0.01	0.21	0.01
Accounts Payable	0.6	0.68	0.86	0.98	0.36	0.61	0.56	0.58	0.06		-0.29	0.53	0.31	-0.29	0.67	0.13	0.32	0.37	0.29	0.34	0.71	0.68	0.71	-0.22	-0.19	-0.33
Cash	-0.39	-0.4	-0.33	-0.34	0.04	-0.52	-0.73	-0.65	0.5	-0.29		-0.49	0.12	1.0	-0.44	-0.17	-0.53	-0.58	-0.57	-0.5	-0.58	0.08	-0.07	0.47	-0.11	-0.09
Non Current Assets Total	0.97	0.77	0.43	0.44	0.67	0.99	0.79	0.91	0.17	0.53	-0.49		0.11	-0.49	0.91	0.59	0.93	0.91	0.86	0.94	0.93	0.5	0.06	-0.44	0.6	0.12
Non Currrent Assets Other	0.22	0.25	0.55	0.31	0.17	0.15	0.29	0.14	0.26	0.31	0.12	0.11		0.12	0.2	-0.13	0.17	-0.06	0.04	-0.07	0.26	0.49	0.02	-0.15	-0.24	0.2
Cash And Short Term Investments	-0.39	-0.4	-0.33	-0.34	0.04	-0.52	-0.73	-0.65	0.5	-0.29	1.0	-0.49	0.12		-0.44	-0.17	-0.53	-0.58	-0.57	-0.5	-0.58	0.08	-0.07	0.47	-0.11	-0.09
Net Receivables	0.96	0.69	0.58	0.61	0.69	0.93	0.7	0.83	0.34	0.67	-0.44	0.91	0.2	-0.44		0.42	0.76	0.87	0.79	0.8	0.9	0.67	0.3	-0.5	0.39	-0.12
Common Stock Shares Outstanding	0.5	0.36	0.15	0.0	0.65	0.52	0.43	0.31	0.06	0.13	-0.17	0.59	-0.13	-0.17	0.42		0.5	0.64	0.46	0.78	0.34	0.2	-0.37	0.18	0.78	-0.06
Non Current Liabilities Total	0.88	0.74	0.26	0.23	0.54	0.92	0.8	0.9	0.06	0.32	-0.53	0.93	0.17	-0.53	0.76	0.5		0.83	0.89	0.87	0.87	0.33	-0.15	-0.57	0.59	0.42
Inventory	0.89	0.63	0.3	0.3	0.7	0.89	0.69	0.81	0.21	0.37	-0.58	0.91	-0.06	-0.58	0.87	0.64	0.83		0.82	0.93	0.78	0.45	-0.02	-0.39	0.65	0.05
Other Current Assets	0.82	0.57	0.22	0.24	0.46	0.86	0.75	0.8	0.03	0.29	-0.57	0.86	0.04	-0.57	0.79	0.46	0.89	0.82		0.82	0.81	0.25	-0.08	-0.75	0.48	0.18
Other Stockholder Equity	0.87	0.61	0.28	0.24	0.65	0.9	0.73	0.79	0.08	0.34	-0.5	0.94	-0.07	-0.5	0.8	0.78	0.87	0.93	0.82		0.79	0.31	-0.13	-0.27	0.76	0.05
Total Liab	0.92	0.81	0.6	0.66	0.48	0.96	0.86	0.96	0.03	0.71	-0.58	0.93	0.26	-0.58	0.9	0.34	0.87	0.78	0.81	0.79		0.51	0.3	-0.57	0.28	0.08
Total Current Assets	0.65	0.63	0.64	0.6	0.8	0.53	0.28	0.42	0.72	0.68	0.08	0.5	0.49	0.08	0.67	0.2	0.33	0.45	0.25	0.31	0.51		0.35	-0.18	0.07	-0.05
Short Term Debt	0.14	0.31	0.43	0.8	-0.07	0.15	0.01	0.24	-0.02	0.71	-0.07	0.06	0.02	-0.07	0.3	-0.37	-0.15	-0.02	-0.08	-0.13	0.3	0.35		-0.16	-0.52	-0.49
Common Stock	-0.47	-0.43	-0.11	-0.25	-0.08	-0.5	-0.46	-0.59	-0.01	-0.22	0.47	-0.44	-0.15	0.47	-0.5	0.18	-0.57	-0.39	-0.75	-0.27	-0.57	-0.18	-0.16		0.08	-0.33
Other Assets	0.51	0.26	-0.19	-0.31	0.61	0.49	0.27	0.35	0.21	-0.19	-0.11	0.6	-0.24	-0.11	0.39	0.78	0.59	0.65	0.48	0.76	0.28	0.07	-0.52	0.08		0.23
Long Term Debt	0.07	0.34	-0.32	-0.38	0.07	0.1	0.12	0.26	0.01	-0.33	-0.09	0.12	0.2	-0.09	-0.12	-0.06	0.42	0.05	0.18	0.05	0.08	-0.05	-0.49	-0.33	0.23

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TechPrecision Common Account Relationship Matchups

TechPrecision Common fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.6M	16.0M	37.9M	36.2M	41.6M	43.7M
Short Long Term Debt Total	2.6M	3.8M	13.7M	11.8M	13.6M	6.9M
Other Current Liab	1.6M	1.5M	3.4M	2.5M	2.9M	1.8M
Total Current Liabilities	2.7M	4.7M	13.3M	9.0M	10.4M	6.6M
Total Stockholder Equity	9.5M	9.9M	15.3M	14.6M	16.8M	8.7M
Property Plant And Equipment Net	4.2M	4.1M	19.5M	19.6M	22.5M	23.6M
Current Deferred Revenue	805.0K	218.2K	1.8M	2.3M	2.1M	2.2M
Net Debt	1.6M	1.7M	12.6M	11.3M	13.0M	13.6M
Retained Earnings	651.8K	972.4K	622.6K	(356.4K)	(320.8K)	(304.8K)
Accounts Payable	185.1K	500.8K	3.4M	2.2M	2.6M	1.4M
Cash	930.9K	2.1M	1.1M	534.5K	481.0K	457.0K
Non Current Assets Total	6.3M	6.1M	21.8M	21.6M	24.9M	26.1M
Non Currrent Assets Other	6.2K	32.6K	84.6K	121.3K	109.1K	81.6K
Cash And Short Term Investments	930.9K	2.1M	1.1M	534.5K	481.0K	457.0K
Net Receivables	5.5M	6.1M	11.4M	11.3M	13.0M	13.6M
Common Stock Shares Outstanding	7.3M	7.8M	8.1M	8.6M	9.9M	6.7M
Liabilities And Stockholders Equity	14.6M	16.0M	37.9M	36.2M	41.6M	43.7M
Non Current Liabilities Total	2.5M	1.3M	9.3M	12.6M	14.5M	15.2M
Inventory	1.2M	1.3M	2.2M	2.4M	2.8M	2.9M
Other Current Assets	606.2K	379.4K	1.1M	11.7B	13.5B	14.1B
Other Stockholder Equity	8.8M	8.9M	14.6M	14.9M	17.2M	18.1M
Total Liab	5.1M	6.1M	22.6M	21.6M	24.9M	26.1M
Total Current Assets	8.2M	9.9M	16.1M	14.6M	13.1M	8.9M
Accumulated Other Comprehensive Income	24.2K	21.9K	21.7K	21.8K	25.1K	26.4K
Short Term Debt	109.8K	2.5M	4.7M	1.9M	2.2M	2.2M
Common Stock	2.9K	2.9K	3.4K	861.0	990.15	940.64
Other Assets	2.0M	2.1M	2.0M	2.2M	2.6M	2.7M
Long Term Debt	2.4M	1.3M	3.1M	4.7M	4.3M	3.0M
Property Plant Equipment	4.2M	4.1M	19.5M	13.9M	16.0M	16.8M
Net Tangible Assets	9.5M	9.9M	15.3M	14.6M	16.8M	8.7M
Common Stock Total Equity	2.9K	2.9K	2.9K	861.0	774.9	736.16
Retained Earnings Total Equity	993.3K	651.8K	972.4K	(356.4K)	(409.9K)	(430.4K)
Long Term Debt Total	4.2M	3.4M	2.5M	1.3M	1.5M	1.5M
Capital Surpluse	8.7M	8.8M	8.9M	14.9M	17.2M	9.5M
Short Long Term Debt	98.0K	2.5M	4.1M	1.2M	1.1M	1.3M

Pair Trading with TechPrecision Common

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 TechPrecision Common 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 TechPrecision Common will appreciate offsetting losses from the drop in the long position's value.

Moving against TechPrecision Stock

0.52	NWPX	Northwest Pipe	Pair Corr
0.48	B	Barnes Group	Pair Corr
0.43	BE	Bloom Energy Corp	Pair Corr

The ability to find closely correlated positions to TechPrecision Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TechPrecision Common 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 TechPrecision Common - 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 TechPrecision Common to buy it.

The correlation of TechPrecision Common 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 TechPrecision Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TechPrecision Common 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 TechPrecision Common 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.

Pair Correlation Correlation Matching

Additional Tools for TechPrecision Stock Analysis

When running TechPrecision Common's price analysis, check to measure TechPrecision Common'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 TechPrecision Common is operating at the current time. Most of TechPrecision Common's value examination focuses on studying past and present price action to predict the probability of TechPrecision Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TechPrecision Common's price. Additionally, you may evaluate how the addition of TechPrecision Common to your portfolios can decrease your overall portfolio volatility.

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