TechPrecision Non Recurring vs Total Operating Expenses Analysis

TPCS Stock

USD 3.55 0.04 1.11%

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 Non Recurring and its Total Operating Expenses 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.

Non Recurring vs Total Operating Expenses

Non Recurring vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TechPrecision Common Non Recurring account and Total Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between TechPrecision Common's Non Recurring and Total Operating Expenses is -0.12. Overlapping area represents the amount of variation of Non Recurring that can explain the historical movement of Total Operating Expenses 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 Non Recurring and Total Operating Expenses 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 Recurring of TechPrecision Common are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Non Recurring i.e., TechPrecision Common's Non Recurring and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.12

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Non Recurring

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

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

Click cells to compare fundamentals

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

0.61	BA	Boeing Financial Report 24th of July 2024	Pair Corr
0.58	IIIN	Insteel Industries Financial Report 18th of July 2024	Pair Corr
0.52	PRLB	Proto Labs	Pair Corr
0.51	WOR	Worthington Industries Financial Report 26th of June 2024	Pair Corr
0.44	SGBX	SG Blocks Trending	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

When determining whether TechPrecision Common is a strong investment it is important to analyze TechPrecision Common's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact TechPrecision Common's future performance. For an informed investment choice regarding TechPrecision Stock, refer to the following important reports:

How To Invest In TechPrecision

Details

Is TechPrecision Stock a good investment?

Details

What is TechPrecision Common's Net Worth?

Details

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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.

Note that the TechPrecision Common information on this page should be used as a complementary analysis to other TechPrecision Common's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Complementary 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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Is TechPrecision Common'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 TechPrecision Common. If investors know TechPrecision 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 TechPrecision Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.34)

Revenue Per Share

3.515

Quarterly Revenue Growth

(0.08)

Return On Assets

(0.05)

Return On Equity

(0.21)

The market value of TechPrecision Common is measured differently than its book value, which is the value of TechPrecision that is recorded on the company's balance sheet. Investors also form their own opinion of TechPrecision Common's value that differs from its market value or its book value, called intrinsic value, which is TechPrecision Common'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 TechPrecision Common's market value can be influenced by many factors that don't directly affect TechPrecision Common'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 TechPrecision Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if TechPrecision Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TechPrecision Common'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.

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TechPrecision Non Recurring vs Total Operating Expenses Analysis

Non Recurring vs Total Operating Expenses

Non Recurring vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Non Recurring

Total Operating Expenses

TechPrecision Common fundamental ratios Correlations

TechPrecision Common Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TechPrecision Common fundamental ratios Accounts

Pair Trading with TechPrecision Common

Moving against TechPrecision Stock

Complementary Tools for TechPrecision Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Current Liabilities
Non Current Assets Total	+ 0.97	Total Assets
Net Receivables	+ 0.96	Total Assets

Common Stock	- 0.75	Other Current Assets
Cash And Short Term Investments	- 0.73	Current Deferred Revenue
Cash	- 0.73	Current Deferred Revenue
Cash And Short Term Investments	- 0.65	Net Debt
Cash	- 0.65	Net Debt
Common Stock	- 0.59	Net Debt