Cencora Income Quality vs Roic Analysis

COR Stock  USD 232.24  0.12  0.05%   
Cencora financial indicator trend analysis is way more than just evaluating Cencora prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cencora is a good investment. Please check the relationship between Cencora Income Quality and its Roic accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cencora. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Cencora Stock, please use our How to Invest in Cencora guide.

Income Quality vs Roic

Income Quality vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cencora Income Quality account and Roic. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Cencora's Income Quality and Roic is -0.12. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Roic in the same time period over historical financial statements of Cencora, assuming nothing else is changed. The correlation between historical values of Cencora's Income Quality and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Cencora are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Income Quality i.e., Cencora's Income Quality and Roic go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
Most indicators from Cencora's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cencora 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cencora. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Cencora Stock, please use our How to Invest in Cencora guide.At this time, Cencora's Selling General Administrative is relatively stable compared to the past year. As of 12/14/2024, Tax Provision is likely to grow to about 508.9 M, while Enterprise Value Over EBITDA is likely to drop 8.61.
 2021 2022 2023 2024 (projected)
Gross Profit8.3B9.0B9.9B10.4B
Total Revenue238.6B262.2B294.0B308.7B

Cencora fundamental ratios Correlations

0.70.791.0-0.310.940.480.781.00.590.990.640.590.990.80.940.990.48-0.881.01.00.710.70.55-0.140.86
0.70.450.65-0.180.80.770.360.650.750.750.150.750.630.610.80.640.71-0.430.70.680.520.060.50.260.89
0.790.450.8-0.350.660.40.490.780.280.760.710.280.80.60.750.80.44-0.630.790.80.50.60.360.020.56
1.00.650.8-0.320.920.430.791.00.570.980.680.571.00.780.920.990.43-0.911.01.00.710.740.54-0.20.83
-0.31-0.18-0.35-0.32-0.08-0.090.2-0.31-0.19-0.27-0.29-0.18-0.35-0.5-0.48-0.24-0.450.41-0.36-0.32-0.47-0.23-0.28-0.13-0.29
0.940.80.660.92-0.080.580.790.930.640.960.480.640.910.70.90.930.49-0.750.930.930.610.520.51-0.080.88
0.480.770.40.43-0.090.580.260.430.160.590.120.160.430.310.60.420.48-0.260.480.430.290.060.540.50.65
0.780.360.490.790.20.790.260.80.290.770.570.290.780.50.560.810.02-0.790.750.770.440.760.39-0.450.59
1.00.650.781.0-0.310.930.430.80.570.980.670.571.00.780.920.990.42-0.910.991.00.710.740.54-0.210.84
0.590.750.280.57-0.190.640.160.290.570.540.111.00.540.630.630.560.6-0.40.590.610.510.040.21-0.110.7
0.990.750.760.98-0.270.960.590.770.980.540.60.550.970.770.950.970.48-0.860.980.970.690.670.62-0.070.89
0.640.150.710.68-0.290.480.120.570.670.110.60.110.680.460.520.690.08-0.690.650.660.470.760.4-0.260.39
0.590.750.280.57-0.180.640.160.290.571.00.550.110.540.630.630.560.6-0.410.590.610.510.040.21-0.110.7
0.990.630.81.0-0.350.910.430.781.00.540.970.680.540.810.930.980.46-0.920.990.990.70.750.54-0.170.83
0.80.610.60.78-0.50.70.310.50.780.630.770.460.630.810.850.710.75-0.750.810.80.630.470.510.040.8
0.940.80.750.92-0.480.90.60.560.920.630.950.520.630.930.850.890.68-0.790.950.930.710.520.60.10.91
0.990.640.80.99-0.240.930.420.810.990.560.970.690.560.980.710.890.38-0.880.980.990.680.730.49-0.220.8
0.480.710.440.43-0.450.490.480.020.420.60.480.080.60.460.750.680.38-0.230.50.480.44-0.140.170.480.6
-0.88-0.43-0.63-0.910.41-0.75-0.26-0.79-0.91-0.4-0.86-0.69-0.41-0.92-0.75-0.79-0.88-0.23-0.89-0.89-0.61-0.88-0.570.3-0.73
1.00.70.791.0-0.360.930.480.750.990.590.980.650.590.990.810.950.980.5-0.891.00.720.70.56-0.130.86
1.00.680.81.0-0.320.930.430.771.00.610.970.660.610.990.80.930.990.48-0.891.00.710.70.52-0.170.84
0.710.520.50.71-0.470.610.290.440.710.510.690.470.510.70.630.710.680.44-0.610.720.710.440.44-0.350.64
0.70.060.60.74-0.230.520.060.760.740.040.670.760.040.750.470.520.73-0.14-0.880.70.70.440.51-0.430.44
0.550.50.360.54-0.280.510.540.390.540.210.620.40.210.540.510.60.490.17-0.570.560.520.440.51-0.040.7
-0.140.260.02-0.2-0.13-0.080.5-0.45-0.21-0.11-0.07-0.26-0.11-0.170.040.1-0.220.480.3-0.13-0.17-0.35-0.43-0.040.06
0.860.890.560.83-0.290.880.650.590.840.70.890.390.70.830.80.910.80.6-0.730.860.840.640.440.70.06
Click cells to compare fundamentals

Cencora Account Relationship Matchups

Cencora fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets43.9B57.3B56.6B62.6B67.1B70.5B
Short Long Term Debt Total4.1B6.7B5.7B4.8B4.4B2.5B
Other Current Liab1.6B3.0B2.2B2.4B2.8B2.9B
Total Current Liabilities33.9B41.4B43.5B48.8B54.3B57.0B
Total Stockholder Equity(839.6M)223.4M(289.8M)666.3M645.9M613.6M
Property Plant And Equipment Net1.5B2.2B2.1B2.1B2.2B2.3B
Net Debt(478.2M)4.1B2.3B2.2B1.3B860.8M
Retained Earnings518.3M1.7B3.0B4.3B5.4B5.7B
Accounts Payable31.7B38.0B40.2B45.8B50.9B53.5B
Cash4.6B2.5B3.4B2.6B3.1B1.6B
Non Current Assets Total10.9B18.5B17.0B19.8B19.4B20.4B
Non Currrent Assets Other779.9M1.8B1.7B3.4B3.6B3.8B
Cash And Short Term Investments4.6B2.5B3.4B2.6B3.1B1.6B
Net Receivables14.3B18.4B18.6B21.0B23.9B25.1B
Common Stock Shares Outstanding204.8M208.5M211.2M204.6M200.3M172.1M
Liabilities And Stockholders Equity43.9B57.3B56.5B62.6B67.1B70.5B
Non Current Liabilities Total10.9B15.4B13.0B13.1B12.0B12.6B
Inventory12.6B15.4B15.6B17.5B20.2B21.2B
Other Current Assets1.5B2.5B2.0B351.2M538.6M338.7M
Other Stockholder Equity(1.3B)(1.0B)(1.4B)(3.1B)(3.8B)(3.6B)
Total Liab44.8B56.8B56.5B61.9B66.3B69.6B
Total Current Assets33.0B38.8B39.6B42.8B47.7B50.1B
Accumulated Other Comprehensive Income(108.8M)(445.4M)(1.8B)(1.4B)(989.1M)(939.7M)
Short Term Debt501.3M300.2M1.1B641.3M576.3M605.1M
Common Stock2.9M2.9M2.9M666.3M766.2M804.5M
Intangible Assets1.9B5.3B4.3B14.0B4.0B2.7B
Good Will6.7B9.0B8.5B9.6B9.3B5.6B
Other Liab7.3B8.1B7.5B8.0B9.2B7.3B
Net Tangible Assets(9.6B)(14.1B)(13.0B)(13.5B)(12.1B)(12.7B)
Other Assets698.0M1.0B1.1B3.6B4.2B4.4B
Long Term Debt3.6B6.4B4.6B4.1B3.8B3.6B
Net Invested Capital4.1B6.9B5.7B4.8B5.0B4.5B
Short Long Term Debt501.3M300.2M1.1B641.3M576.3M591.9M
Capital Stock2.9M2.9M2.9M2.9M3.0M3.2M
Non Current Liabilities Other6.7B1.1B976.6M1.9B2.0B1.7B
Net Working Capital(833.2M)(2.6B)(3.9B)(6.0B)(6.6B)(6.2B)
Property Plant Equipment1.9B3.2B3.1B2.1B2.5B2.7B

Pair Trading with Cencora

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

Moving together with Cencora Stock

  0.71GH Guardant HealthPairCorr
  0.85LH LaboratoryPairCorr

Moving against Cencora Stock

  0.68DRIO DarioHealth CorpPairCorr
  0.59VERO Venus ConceptPairCorr
  0.36EDAP EDAP TMS SAPairCorr
The ability to find closely correlated positions to Cencora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cencora 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 Cencora - 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 Cencora to buy it.
The correlation of Cencora 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 Cencora moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cencora 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 Cencora 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 Cencora Stock Analysis

When running Cencora's price analysis, check to measure Cencora'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 Cencora is operating at the current time. Most of Cencora's value examination focuses on studying past and present price action to predict the probability of Cencora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cencora's price. Additionally, you may evaluate how the addition of Cencora to your portfolios can decrease your overall portfolio volatility.