Solar Total Liab vs Property Plant And Equipment Net 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 Total Liab and its Property Plant And Equipment Net 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.

Total Liab vs Property Plant And Equipment Net

Total Liab vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solar Alliance Energy Total Liab account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have no relationship.
The correlation between Solar Alliance's Total Liab and Property Plant And Equipment Net is 0.03. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Property Plant And Equipment Net 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 Total Liab and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Solar Alliance Energy are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Liab i.e., Solar Alliance's Total Liab and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.03
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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 Development4.6M4.8M
Interest Expense7.0K6.6K

Solar Alliance fundamental ratios Correlations

0.79-0.250.690.020.520.40.4-0.44-0.440.660.770.340.740.270.880.76-0.510.510.76-0.250.680.520.62-0.11-0.27
0.79-0.780.94-0.210.680.210.2-0.52-0.420.590.990.180.950.050.660.65-0.250.290.96-0.340.550.70.49-0.2-0.18
-0.25-0.78-0.810.3-0.510.00.00.380.27-0.27-0.80.04-0.780.19-0.18-0.27-0.090.11-0.750.23-0.23-0.72-0.190.20.04
0.690.94-0.81-0.10.490.030.03-0.61-0.410.450.95-0.060.990.080.680.75-0.30.370.98-0.150.490.770.51-0.2-0.18
0.02-0.210.3-0.1-0.42-0.15-0.15-0.5-0.66-0.05-0.21-0.33-0.12-0.110.410.38-0.240.57-0.110.880.51-0.080.51-0.13-0.3
0.520.68-0.510.49-0.420.120.12-0.04-0.260.60.650.170.48-0.110.260.20.05-0.080.5-0.680.270.310.26-0.170.01
0.40.210.00.03-0.150.121.00.060.00.330.250.930.19-0.110.14-0.07-0.35-0.130.17-0.20.330.370.260.06-0.27
0.40.20.00.03-0.150.121.00.060.00.320.250.930.19-0.110.14-0.07-0.35-0.130.16-0.20.330.370.250.06-0.26
-0.44-0.520.38-0.61-0.5-0.040.060.060.65-0.31-0.520.27-0.59-0.12-0.68-0.670.51-0.61-0.59-0.42-0.72-0.45-0.730.370.57
-0.44-0.420.27-0.41-0.66-0.260.00.00.65-0.53-0.410.17-0.40.18-0.61-0.540.19-0.4-0.41-0.32-0.78-0.3-0.630.250.44
0.660.59-0.270.45-0.050.60.330.32-0.31-0.530.570.260.48-0.040.480.34-0.410.150.5-0.40.660.350.460.29-0.23
0.770.99-0.80.95-0.210.650.250.25-0.52-0.410.570.190.960.030.650.64-0.250.250.96-0.310.550.780.49-0.19-0.19
0.340.180.04-0.06-0.330.170.930.930.270.170.260.190.080.00.0-0.2-0.17-0.180.09-0.360.150.150.040.14-0.03
0.740.95-0.780.99-0.120.480.190.19-0.59-0.40.480.960.080.060.690.74-0.360.350.99-0.170.520.810.54-0.2-0.24
0.270.050.190.08-0.11-0.11-0.11-0.11-0.120.18-0.040.030.00.060.240.2-0.150.350.1-0.1-0.08-0.070.05-0.060.24
0.880.66-0.180.680.410.260.140.14-0.68-0.610.480.650.00.690.240.94-0.560.770.710.190.760.490.76-0.18-0.32
0.760.65-0.270.750.380.2-0.07-0.07-0.67-0.540.340.64-0.20.740.20.94-0.510.80.760.250.590.470.7-0.19-0.29
-0.51-0.25-0.09-0.3-0.240.05-0.35-0.350.510.19-0.41-0.25-0.17-0.36-0.15-0.56-0.51-0.58-0.38-0.15-0.52-0.23-0.7-0.040.52
0.510.290.110.370.57-0.08-0.13-0.13-0.61-0.40.150.25-0.180.350.350.770.8-0.580.410.50.510.040.69-0.09-0.12
0.760.96-0.750.98-0.110.50.170.16-0.59-0.410.50.960.090.990.10.710.76-0.380.41-0.180.530.730.55-0.21-0.25
-0.25-0.340.23-0.150.88-0.68-0.2-0.2-0.42-0.32-0.4-0.31-0.36-0.17-0.10.190.25-0.150.5-0.180.23-0.050.32-0.09-0.14
0.680.55-0.230.490.510.270.330.33-0.72-0.780.660.550.150.52-0.080.760.59-0.520.510.530.230.450.83-0.13-0.43
0.520.7-0.720.77-0.080.310.370.37-0.45-0.30.350.780.150.81-0.070.490.47-0.230.040.73-0.050.450.44-0.13-0.18
0.620.49-0.190.510.510.260.260.25-0.73-0.630.460.490.040.540.050.760.7-0.70.690.550.320.830.44-0.27-0.43
-0.11-0.20.2-0.2-0.13-0.170.060.060.370.250.29-0.190.14-0.2-0.06-0.18-0.19-0.04-0.09-0.21-0.09-0.13-0.13-0.270.45
-0.27-0.180.04-0.18-0.30.01-0.27-0.260.570.44-0.23-0.19-0.03-0.240.24-0.32-0.290.52-0.12-0.25-0.14-0.43-0.18-0.430.45
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Solar Alliance Account Relationship Matchups

Solar Alliance fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3M581.3K3.1M3.7M1.8M1.7M
Total Current Liabilities6.5M6.0M2.0M4.8M4.0M6.1M
Total Stockholder Equity(5.3M)(5.8M)904.3K(1.4M)(2.3M)(2.4M)
Net Debt761.8K909.9K(2.2M)906.9K816.2K775.4K
Retained Earnings(62.4M)(63.9M)(64.3M)(67.1M)(68.9M)(72.3M)
Accounts Payable5.1M4.9M1.9M2.7M3.6M4.0M
Cash45.6K1.9K2.2M650.1K703.0K835.6K
Cash And Short Term Investments45.6K1.9K2.2M650.1K747.6K839.1K
Net Receivables781.6K383.2K596.0K372.9K730.2K387.3K
Common Stock Shares Outstanding198.8M223.8M269.8M275.0M316.2M332.0M
Liabilities And Stockholders Equity1.3M581.3K3.1M3.7M3.3M4.1M
Other Stockholder Equity39.5M128.2K13.8M14.4M16.5M15.7M
Total Liab6.6M6.3M2.2M5.1M4.1M6.7M
Total Current Assets1.3M542.0K2.8M1.7M1.7M1.7M
Short Long Term Debt Total3.0M807.4K911.8K1.6M1.4M1.3M
Property Plant And Equipment Net65.5K14.3K90.3K2.0M80.9K76.9K
Non Current Assets Total90.7K39.3K223.1K2.0M123.6K117.4K
Non Currrent Assets Other25.2K25.0K59.1K60.1K54.1K51.4K
Inventory426.8K152.3K58.3K170.3K102.2K185.1K
Other Current Assets3.7K4.6K9.0K492.0K442.8K410.3K
Accumulated Other Comprehensive Income13.8M14.4M16.6M17.0M19.6M20.6M
Short Term Debt3.0M797.7K911.8K1.6M1.4M1.3M
Non Current Liabilities Total111.5K332.1K161.8K348.2K115.7K109.9K
Net Tangible Assets(4.8M)(7.4M)(5.3M)(5.8M)(5.2M)(5.4M)
Current Deferred Revenue531.5K174.3K46.4K399.1K458.9K275.4K
Other Assets30.6K25.5K25.2K25.0K22.5K25.4K
Property Plant Equipment63.1K59.6K65.5K14.3K12.8K12.2K
Short Long Term Debt3.0M758.9K901.6K1.6M137.5K130.6K
Net Invested Capital(4.5M)(4.8M)904.3K117.8K(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.
Pair CorrelationCorrelation Matching

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.