CareCloud Gross Profit from 2010 to 2025
CCLDO Stock | 19.43 0.07 0.36% |
Gross Profit | First Reported 2012-09-30 | Previous Quarter 13.1 M | Current Value 28.2 M | Quarterly Volatility 5.5 M |
Check CareCloud financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CareCloud's main balance sheet or income statement drivers, such as Depreciation And Amortization of 17.3 M, Interest Expense of 548 K or Selling General Administrative of 15.9 M, as well as many indicators such as Price To Sales Ratio of 0.51, Dividend Yield of 0.57 or PTB Ratio of 1.13. CareCloud financial statements analysis is a perfect complement when working with CareCloud Valuation or Volatility modules.
CareCloud | Gross Profit |
Latest CareCloud's Gross Profit Growth Pattern
Below is the plot of the Gross Profit of CareCloud over the last few years. Gross profit is a required income statement account that reflects total revenue of CareCloud minus its cost of goods sold. It is profit before CareCloud operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. CareCloud's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CareCloud's overall financial position and show how it may be relating to other accounts over time.
View | Last Reported 49.99 M | 10 Years Trend |
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Gross Profit |
Timeline |
CareCloud Gross Profit Regression Statistics
Arithmetic Mean | 33,176,736 | |
Geometric Mean | 19,595,453 | |
Coefficient Of Variation | 108.04 | |
Mean Deviation | 27,721,430 | |
Median | 19,293,246 | |
Standard Deviation | 35,845,174 | |
Sample Variance | 1284.9T | |
Range | 110.8M | |
R-Value | 0.86 | |
Mean Square Error | 355.1T | |
R-Squared | 0.74 | |
Significance | 0.000018 | |
Slope | 6,485,769 | |
Total Sum of Squares | 19273.1T |
CareCloud Gross Profit History
Other Fundumenentals of CareCloud
CareCloud Gross Profit component correlations
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About CareCloud Financial Statements
CareCloud investors utilize fundamental indicators, such as Gross Profit, to predict how CareCloud Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last Reported | Projected for Next Year | ||
Gross Profit | 110.8 M | 116.4 M | |
Gross Profit Margin | 0.45 | 0.50 |
Pair Trading with CareCloud
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 CareCloud 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 CareCloud will appreciate offsetting losses from the drop in the long position's value.Moving together with CareCloud Stock
0.69 | RVP | Retractable Technologies Earnings Call This Week | PairCorr |
Moving against CareCloud Stock
0.71 | VINC | Vincerx Pharma Earnings Call This Week | PairCorr |
0.49 | ELVN | Enliven Therapeutics | PairCorr |
0.48 | SSKN | STRATA Skin Sciences Earnings Call Tomorrow | PairCorr |
0.37 | CDIOW | Cardio Diagnostics | PairCorr |
The ability to find closely correlated positions to CareCloud could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareCloud 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 CareCloud - 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 CareCloud to buy it.
The correlation of CareCloud 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 CareCloud moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareCloud 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 CareCloud 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.Other Information on Investing in CareCloud Stock
CareCloud financial ratios help investors to determine whether CareCloud Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CareCloud with respect to the benefits of owning CareCloud security.