Dentalcorp Non Currrent Assets Other vs Long Term Debt Analysis
| DNTL Stock | 8.75 0.13 1.46% |
Dentalcorp Holdings financial indicator trend analysis is much more than just examining dentalcorp Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether dentalcorp Holdings is a good investment. Please check the relationship between Dentalcorp Holdings Non Currrent Assets Other and its Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in dentalcorp Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Non Currrent Assets Other vs Long Term Debt
Non Currrent Assets Other vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of dentalcorp Holdings Non Currrent Assets Other account and Long Term Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Dentalcorp Holdings' Non Currrent Assets Other and Long Term Debt is -0.75. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of dentalcorp Holdings, assuming nothing else is changed. The correlation between historical values of Dentalcorp Holdings' Non Currrent Assets Other and Long Term Debt 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 Currrent Assets Other of dentalcorp Holdings are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Non Currrent Assets Other i.e., Dentalcorp Holdings' Non Currrent Assets Other and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.75 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Long Term Debt
Long-term debt is a debt that dentalcorp Holdings has held for over one year. Long-term debt appears on dentalcorp Holdings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on dentalcorp Holdings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Dentalcorp Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into dentalcorp Holdings 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in dentalcorp Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Dentalcorp Holdings' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 3.7 B, while Tax Provision is likely to drop (17.7 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 158.5M | 190.3M | 203.1M | 163.6M | Interest Income | 1.2M | 64M | 3.6M | 3.4M |
Dentalcorp Holdings fundamental ratios Correlations
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Dentalcorp Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Dentalcorp Holdings
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 Dentalcorp Holdings 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 Dentalcorp Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Dentalcorp Stock
Moving against Dentalcorp Stock
The ability to find closely correlated positions to Dentalcorp Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dentalcorp Holdings 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 Dentalcorp Holdings - 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 dentalcorp Holdings to buy it.
The correlation of Dentalcorp Holdings 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 Dentalcorp Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if dentalcorp Holdings 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 Dentalcorp Holdings 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 Dentalcorp Stock
Balance Sheet is a snapshot of the financial position of dentalcorp Holdings at a specified time, usually calculated after every quarter, six months, or one year. Dentalcorp Holdings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dentalcorp Holdings and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Dentalcorp currently owns. An asset can also be divided into two categories, current and non-current.