Better Property Plant and Equipment Net vs Current Assets Analysis

BTTR
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USD 1.93  0.11  6.04%   

Better Choice financial indicator trend analysis is way more than just evaluating Better Choice prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Better Choice is a good investment. Please check the relationship between Better Choice Property Plant and Equipment Net and its Current Assets accounts. Continue to Trending Equities.

Property Plant and Equipment Net vs Current Assets

Property Plant and Equipment Net vs Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Better Choice Property Plant and Equipment Net account and Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Better Choice's Property Plant and Equipment Net and Current Assets is 0.5. Overlapping area represents the amount of variation of Property Plant and Equipment Net that can explain the historical movement of Current Assets in the same time period over historical financial statements of Better Choice, assuming nothing else is changed. The correlation between historical values of Better Choice's Property Plant and Equipment Net and 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 Property Plant and Equipment Net of Better Choice are associated (or correlated) with its Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Assets has no effect on the direction of Property Plant and Equipment Net i.e., Better Choice's Property Plant and Equipment Net and Current Assets go up and down completely randomly.

Correlation Coefficient

0.5
Relationship DirectionPositive 
Relationship StrengthWeak

Property Plant and Equipment Net

A component of Total Assets representing the amount after accumulated depreciation; depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Includes Operating Right of Use Assets.

Current Assets

Current assets of Better Choice include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Better Choice. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.
Most indicators from Better Choice fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Better Choice 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. Continue to Trending Equities.Better Choice Selling General and Administrative Expense is relatively stable at the moment as compared to the past year. Better Choice reported last year Selling General and Administrative Expense of 28.51 Million. As of 08/15/2022, Issuance Purchase of Equity Shares is likely to grow to about 43.4 M, while Net Cash Flow Business Acquisitions and Disposals is likely to drop (19.5 M).
 2019 2020 2021 2022 (projected)
Interest Expense670 K9.25 M3.22 M3.47 M
Gross Profit5.86 M16.11 M15.37 M12.39 M

Better Choice fundamental ratios Correlations

0.960.960.850.670.39-0.360.970.62-0.880.920.620.55-0.360.930.690.98
0.960.840.960.450.18-0.550.880.79-0.950.810.410.33-0.550.90.50.9
0.960.840.660.840.58-0.130.990.38-0.730.960.790.73-0.130.880.840.98
0.850.960.660.18-0.08-0.70.710.91-0.960.620.150.08-0.70.780.250.75
0.670.450.840.180.880.310.79-0.15-0.270.870.940.930.310.680.930.75
0.390.180.58-0.080.880.270.51-0.30.090.70.720.730.270.520.910.5
-0.36-0.55-0.13-0.70.310.27-0.21-0.90.5-0.150.480.551.0-0.330.04-0.3
0.970.880.990.710.790.51-0.210.45-0.770.950.740.67-0.210.880.790.99
0.620.790.380.91-0.15-0.3-0.90.45-0.810.33-0.23-0.31-0.90.520.030.52
-0.88-0.95-0.73-0.96-0.270.090.5-0.77-0.81-0.63-0.31-0.230.5-0.75-0.27-0.78
0.920.810.960.620.870.7-0.150.950.33-0.630.790.74-0.150.940.880.96
0.620.410.790.150.940.720.480.74-0.23-0.310.790.990.480.620.770.68
0.550.330.730.080.930.730.550.67-0.31-0.230.740.990.550.570.730.61
-0.36-0.55-0.13-0.70.310.271.0-0.21-0.90.5-0.150.480.55-0.330.04-0.3
0.930.90.880.780.680.52-0.330.880.52-0.750.940.620.57-0.330.70.9
0.690.50.840.250.930.910.040.790.03-0.270.880.770.730.040.70.79
0.980.90.980.750.750.5-0.30.990.52-0.780.960.680.61-0.30.90.79
Click cells to compare fundamentals

Better Choice Account Relationship Matchups

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Pair Trading with Better Choice

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 Better Choice 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 Better Choice will appreciate offsetting losses from the drop in the long position's value.

Moving together with Better Choice

0.65BRBRBellRing Brands Fiscal Year End 17th of November 2022 PairCorr

Moving against Better Choice

0.55APPHAppharvest Aggressive PushPairCorr
The ability to find closely correlated positions to Better Choice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Better Choice 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 Better Choice - 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 Better Choice to buy it.
The correlation of Better Choice is a statistical measure of how it moves in relation to other equities. 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 Better Choice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Better Choice 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 Better Choice 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
Continue to Trending Equities. Note that the Better Choice information on this page should be used as a complementary analysis to other Better Choice'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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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Is Better Choice'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 Better Choice. If investors know Better 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 Better Choice listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
53.4 M
Quarterly Revenue Growth YOY
0.5
Return On Assets
-0.18
Return On Equity
-0.52
The market value of Better Choice is measured differently than its book value, which is the value of Better that is recorded on the company's balance sheet. Investors also form their own opinion of Better Choice's value that differs from its market value or its book value, called intrinsic value, which is Better Choice'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 Better Choice's market value can be influenced by many factors that don't directly affect Better Choice'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 Better Choice's value and its price as these two are different measures arrived at by different means. Investors typically determine Better Choice value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Better Choice'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.