EMCORE Accounts Payable vs Cash And Short Term Investments Analysis
EMKR Stock | USD 2.98 0.02 0.68% |
EMCORE financial indicator trend analysis is much more than just examining EMCORE latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EMCORE is a good investment. Please check the relationship between EMCORE Accounts Payable and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.
Accounts Payable vs Cash And Short Term Investments
Accounts Payable vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EMCORE Accounts Payable account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between EMCORE's Accounts Payable and Cash And Short Term Investments is -0.33. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of EMCORE, assuming nothing else is changed. The correlation between historical values of EMCORE's Accounts Payable and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of EMCORE are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Accounts Payable i.e., EMCORE's Accounts Payable and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents EMCORE obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of EMCORE are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of EMCORE balance sheet. This account contains EMCORE investments that will expire within one year. These investments include stocks and bonds that can be liquidated by EMCORE fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from EMCORE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EMCORE 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 EMCORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.At this time, EMCORE's Tax Provision is relatively stable compared to the past year. As of 12/04/2024, Issuance Of Capital Stock is likely to grow to about 41.4 M, while Selling General Administrative is likely to drop slightly above 31.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 29.7M | 23.4M | 26.9M | 31.1M | Total Revenue | 124.1M | 97.7M | 112.4M | 135.5M |
EMCORE fundamental ratios Correlations
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EMCORE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EMCORE fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 126.2M | 180.8M | 189.1M | 143.9M | 129.5M | 145.7M | |
Short Long Term Debt Total | 21.2M | 13.9M | 39.3M | 34.5M | 31.1M | 40.6M | |
Other Current Liab | 8.8M | 8.6M | 10.5M | 13.6M | 12.2M | 10.0M | |
Total Current Liabilities | 29.1M | 27.8M | 29.2M | 28.8M | 33.1M | 43.0M | |
Total Stockholder Equity | 74.1M | 137.5M | 118.8M | 80.3M | 92.3M | 114.4M | |
Property Plant And Equipment Net | 35.6M | 36.0M | 61.1M | 37.1M | 33.4M | 39.5M | |
Net Debt | (9.2M) | (57.7M) | 13.7M | 8.3M | 7.5M | 7.9M | |
Retained Earnings | (623.4M) | (597.8M) | (622.1M) | (697.5M) | (627.7M) | (659.1M) | |
Accounts Payable | 16.5M | 16.7M | 10.4M | 9.7M | 11.1M | 18.4M | |
Cash | 30.4M | 71.6M | 25.6M | 26.2M | 30.1M | 35.0M | |
Non Current Assets Total | 36.1M | 36.5M | 93.9M | 51.6M | 46.4M | 59.5M | |
Non Currrent Assets Other | 242K | 225K | 2.4M | 2.2M | 2.0M | 1.9M | |
Cash And Short Term Investments | 30.4M | 71.6M | 25.6M | 26.7M | 30.7M | 48.7M | |
Net Receivables | 26.9M | 32.2M | 17.6M | 24.0M | 27.6M | 29.3M | |
Common Stock Shares Outstanding | 2.9M | 3.6M | 3.7M | 5.2M | 5.9M | 5.6M | |
Liabilities And Stockholders Equity | 126.2M | 180.8M | 189.1M | 143.9M | 129.5M | 145.7M | |
Non Current Liabilities Total | 23.0M | 15.5M | 41.0M | 34.8M | 31.3M | 30.6M | |
Inventory | 25.5M | 32.3M | 37.0M | 28.9M | 33.2M | 29.4M | |
Other Current Assets | 7.3M | 8.2M | 5.4M | 12.8M | 14.7M | 15.5M | |
Total Liab | 52.1M | 43.3M | 70.3M | 63.6M | 57.3M | 62.1M | |
Property Plant And Equipment Gross | 35.6M | 36.0M | 61.1M | 37.1M | 33.4M | 39.6M | |
Total Current Assets | 90.1M | 144.3M | 95.2M | 92.4M | 106.2M | 117.4M | |
Accumulated Other Comprehensive Income | 918K | 687K | 1.3M | 350K | 402.5K | 422.6K | |
Short Term Debt | 2.0M | 2.4M | 3.0M | 3.9M | 4.5M | 8.1M | |
Intangible Assets | 202K | 167K | 14.8M | 12.2M | 11.0M | 7.1M | |
Common Stock Total Equity | 734.1M | 739.9M | 744.4M | 782.3M | 899.6M | 635.9M | |
Common Stock | 744.4M | 782.3M | 787.3M | 825.1M | 948.9M | 658.3M | |
Other Liab | 2.1M | 2.8M | 2.8M | 4.8M | 4.3M | 2.7M | |
Other Assets | 242K | 225K | 2.4M | (45K) | (40.5K) | (38.5K) | |
Property Plant Equipment | 37.2M | 21.1M | 22.5M | 61.1M | 55.0M | 42.6M | |
Current Deferred Revenue | 502K | 364K | 5.3M | 1.6M | 1.5M | 1.4M | |
Net Tangible Assets | 76.4M | 73.9M | 137.2M | 86.1M | 99.1M | 103.7M | |
Retained Earnings Total Equity | (580.4M) | (616.4M) | (623.4M) | (597.8M) | (538.0M) | (564.9M) | |
Non Current Liabilities Other | 23.0M | 15.5M | 106K | 8K | 7.2K | 6.8K |
Pair Trading with EMCORE
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 EMCORE 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 EMCORE will appreciate offsetting losses from the drop in the long position's value.Moving together with EMCORE Stock
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Moving against EMCORE Stock
The ability to find closely correlated positions to EMCORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCORE 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 EMCORE - 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 EMCORE to buy it.
The correlation of EMCORE 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 EMCORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCORE 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 EMCORE 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.Additional Tools for EMCORE Stock Analysis
When running EMCORE's price analysis, check to measure EMCORE'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 EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.