Solar Non Current Liabilities Total vs Cash Analysis
SOLR Stock | CAD 0.05 0.01 16.67% |
Solar Alliance financial indicator trend analysis is much more than just breaking down Solar Alliance Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solar Alliance Energy is a good investment. Please check the relationship between Solar Alliance Non Current Liabilities Total and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solar Alliance Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Non Current Liabilities Total vs Cash
Non Current Liabilities Total vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solar Alliance Energy Non Current Liabilities Total account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Solar Alliance's Non Current Liabilities Total and Cash is 0.37. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Cash in the same time period over historical financial statements of Solar Alliance Energy, assuming nothing else is changed. The correlation between historical values of Solar Alliance's Non Current Liabilities Total and Cash 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 Solar Alliance Energy are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Current Liabilities Total i.e., Solar Alliance's Non Current Liabilities Total and Cash go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Non Current Liabilities Total
Cash
Cash refers to the most liquid asset of Solar Alliance Energy, which is listed under current asset account on Solar Alliance Energy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Solar Alliance customers. The amounts must be unrestricted with restricted cash listed in a different Solar Alliance account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Solar Alliance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solar Alliance Energy 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 Solar Alliance Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. Enterprise Value is likely to climb to about 18.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.9 M in 2024.
2023 | 2024 (projected) | Research Development | 4.6M | 4.8M | Interest Expense | 7.0K | 6.6K |
Solar Alliance fundamental ratios Correlations
Click cells to compare fundamentals
Solar Alliance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Solar Alliance fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.3M | 581.3K | 3.1M | 3.7M | 1.8M | 1.7M | |
Total Current Liabilities | 6.5M | 6.0M | 2.0M | 4.8M | 4.0M | 6.1M | |
Total Stockholder Equity | (5.3M) | (5.8M) | 904.3K | (1.4M) | (2.3M) | (2.4M) | |
Net Debt | 761.8K | 909.9K | (2.2M) | 906.9K | 816.2K | 775.4K | |
Retained Earnings | (62.4M) | (63.9M) | (64.3M) | (67.1M) | (68.9M) | (72.3M) | |
Accounts Payable | 5.1M | 4.9M | 1.9M | 2.7M | 3.6M | 4.0M | |
Cash | 45.6K | 1.9K | 2.2M | 650.1K | 703.0K | 835.6K | |
Cash And Short Term Investments | 45.6K | 1.9K | 2.2M | 650.1K | 747.6K | 839.1K | |
Net Receivables | 781.6K | 383.2K | 596.0K | 372.9K | 730.2K | 387.3K | |
Common Stock Shares Outstanding | 198.8M | 223.8M | 269.8M | 275.0M | 316.2M | 332.0M | |
Liabilities And Stockholders Equity | 1.3M | 581.3K | 3.1M | 3.7M | 3.3M | 4.1M | |
Other Stockholder Equity | 39.5M | 128.2K | 13.8M | 14.4M | 16.5M | 15.7M | |
Total Liab | 6.6M | 6.3M | 2.2M | 5.1M | 4.1M | 6.7M | |
Total Current Assets | 1.3M | 542.0K | 2.8M | 1.7M | 1.7M | 1.7M | |
Short Long Term Debt Total | 3.0M | 807.4K | 911.8K | 1.6M | 1.4M | 1.3M | |
Property Plant And Equipment Net | 65.5K | 14.3K | 90.3K | 2.0M | 80.9K | 76.9K | |
Non Current Assets Total | 90.7K | 39.3K | 223.1K | 2.0M | 123.6K | 117.4K | |
Non Currrent Assets Other | 25.2K | 25.0K | 59.1K | 60.1K | 54.1K | 51.4K | |
Inventory | 426.8K | 152.3K | 58.3K | 170.3K | 102.2K | 185.1K | |
Other Current Assets | 3.7K | 4.6K | 9.0K | 492.0K | 442.8K | 410.3K | |
Accumulated Other Comprehensive Income | 13.8M | 14.4M | 16.6M | 17.0M | 19.6M | 20.6M | |
Short Term Debt | 3.0M | 797.7K | 911.8K | 1.6M | 1.4M | 1.3M | |
Non Current Liabilities Total | 111.5K | 332.1K | 161.8K | 348.2K | 115.7K | 109.9K | |
Net Tangible Assets | (4.8M) | (7.4M) | (5.3M) | (5.8M) | (5.2M) | (5.4M) | |
Current Deferred Revenue | 531.5K | 174.3K | 46.4K | 399.1K | 458.9K | 275.4K | |
Other Assets | 30.6K | 25.5K | 25.2K | 25.0K | 22.5K | 25.4K | |
Property Plant Equipment | 63.1K | 59.6K | 65.5K | 14.3K | 12.8K | 12.2K | |
Short Long Term Debt | 3.0M | 758.9K | 901.6K | 1.6M | 137.5K | 130.6K | |
Net Invested Capital | (4.5M) | (4.8M) | 904.3K | 117.8K | (2.2M) | (2.3M) | |
Net Working Capital | (5.3M) | (5.5M) | 843.0K | (3.1M) | (2.3M) | (2.4M) |
Pair Trading with Solar Alliance
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 Solar Alliance 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 Solar Alliance will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Solar Alliance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solar Alliance 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 Solar Alliance - 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 Solar Alliance Energy to buy it.
The correlation of Solar Alliance 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 Solar Alliance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solar Alliance Energy 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 Solar Alliance 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 Solar Stock Analysis
When running Solar Alliance's price analysis, check to measure Solar Alliance'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 Solar Alliance is operating at the current time. Most of Solar Alliance's value examination focuses on studying past and present price action to predict the probability of Solar Alliance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solar Alliance's price. Additionally, you may evaluate how the addition of Solar Alliance to your portfolios can decrease your overall portfolio volatility.