EMCORE Common Stock Total Equity vs Net Debt 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 Common Stock Total Equity and its Net Debt 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.

Common Stock Total Equity vs Net Debt

Common Stock Total Equity vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EMCORE Common Stock Total Equity account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between EMCORE's Common Stock Total Equity and Net Debt is -0.16. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of EMCORE, assuming nothing else is changed. The correlation between historical values of EMCORE's Common Stock Total Equity and Net 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 Common Stock Total Equity of EMCORE are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock Total Equity i.e., EMCORE's Common Stock Total Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.16
Relationship DirectionNegative 
Relationship StrengthInsignificant

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
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 Profit29.7M23.4M26.9M31.1M
Total Revenue124.1M97.7M112.4M135.5M

EMCORE fundamental ratios Correlations

0.370.390.540.80.61-0.07-0.810.470.250.640.160.250.720.360.170.750.48-0.30.580.610.740.490.360.150.77
0.370.470.320.080.720.72-0.380.21-0.460.760.18-0.40.37-0.410.890.620.5-0.010.710.72-0.020.32-0.040.820.24
0.390.470.88-0.160.770.71-0.360.73-0.680.81-0.09-0.680.730.00.180.520.540.460.880.77-0.190.760.550.230.21
0.540.320.880.050.630.45-0.430.91-0.430.730.08-0.420.820.36-0.040.510.590.460.860.630.080.810.760.010.25
0.80.08-0.160.050.16-0.51-0.680.030.690.160.140.710.380.370.00.450.29-0.620.030.160.94-0.010.08-0.040.73
0.610.720.770.630.160.68-0.560.53-0.540.940.02-0.530.63-0.260.560.820.430.050.861.00.010.660.170.510.42
-0.070.720.710.45-0.510.680.010.34-0.940.70.05-0.920.29-0.480.590.380.290.470.690.69-0.610.480.080.59-0.16
-0.81-0.38-0.36-0.43-0.68-0.560.01-0.39-0.18-0.5-0.23-0.2-0.66-0.18-0.25-0.76-0.670.57-0.5-0.56-0.67-0.17-0.1-0.2-0.92
0.470.210.730.910.030.530.34-0.39-0.340.570.16-0.330.740.27-0.070.520.560.350.770.530.120.650.55-0.110.2
0.25-0.46-0.68-0.430.69-0.54-0.94-0.18-0.34-0.550.00.99-0.190.4-0.34-0.19-0.13-0.61-0.56-0.540.78-0.49-0.14-0.370.33
0.640.760.810.730.160.940.7-0.50.57-0.550.13-0.540.67-0.060.50.750.460.210.910.940.00.790.380.530.35
0.160.18-0.090.080.140.020.05-0.230.160.00.130.01-0.010.280.150.360.27-0.160.140.020.140.09-0.040.350.2
0.25-0.4-0.68-0.420.71-0.53-0.92-0.2-0.330.99-0.540.01-0.180.37-0.3-0.17-0.08-0.62-0.54-0.530.8-0.52-0.14-0.340.31
0.720.370.730.820.380.630.29-0.660.74-0.190.67-0.01-0.180.310.040.640.670.150.740.630.390.60.6-0.050.54
0.36-0.410.00.360.37-0.26-0.48-0.180.270.4-0.060.280.370.31-0.67-0.120.140.15-0.02-0.260.430.350.73-0.480.19
0.170.890.18-0.040.00.560.59-0.25-0.07-0.340.50.15-0.30.04-0.670.540.28-0.230.460.56-0.070.01-0.450.890.2
0.750.620.520.510.450.820.38-0.760.52-0.190.750.36-0.170.64-0.120.540.58-0.280.730.820.390.420.00.50.72
0.480.50.540.590.290.430.29-0.670.56-0.130.460.27-0.080.670.140.280.58-0.140.610.430.380.180.240.280.54
-0.3-0.010.460.46-0.620.050.470.570.35-0.610.21-0.16-0.620.150.15-0.23-0.28-0.140.30.05-0.620.590.61-0.13-0.66
0.580.710.880.860.030.860.69-0.50.77-0.560.910.14-0.540.74-0.020.460.730.610.30.860.010.760.440.450.33
0.610.720.770.630.161.00.69-0.560.53-0.540.940.02-0.530.63-0.260.560.820.430.050.860.010.660.170.510.42
0.74-0.02-0.190.080.940.01-0.61-0.670.120.780.00.140.80.390.43-0.070.390.38-0.620.010.01-0.120.08-0.140.72
0.490.320.760.81-0.010.660.48-0.170.65-0.490.790.09-0.520.60.350.010.420.180.590.760.66-0.120.740.130.07
0.36-0.040.550.760.080.170.08-0.10.55-0.140.38-0.04-0.140.60.73-0.450.00.240.610.440.170.080.74-0.30.0
0.150.820.230.01-0.040.510.59-0.2-0.11-0.370.530.35-0.34-0.05-0.480.890.50.28-0.130.450.51-0.140.13-0.30.18
0.770.240.210.250.730.42-0.16-0.920.20.330.350.20.310.540.190.20.720.54-0.660.330.420.720.070.00.18
Click cells to compare fundamentals

EMCORE Account Relationship Matchups

EMCORE fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets126.2M180.8M189.1M143.9M129.5M145.7M
Short Long Term Debt Total21.2M13.9M39.3M34.5M31.1M40.6M
Other Current Liab8.8M8.6M10.5M13.6M12.2M10.0M
Total Current Liabilities29.1M27.8M29.2M28.8M33.1M43.0M
Total Stockholder Equity74.1M137.5M118.8M80.3M92.3M114.4M
Property Plant And Equipment Net35.6M36.0M61.1M37.1M33.4M39.5M
Net Debt(9.2M)(57.7M)13.7M8.3M7.5M7.9M
Retained Earnings(623.4M)(597.8M)(622.1M)(697.5M)(627.7M)(659.1M)
Accounts Payable16.5M16.7M10.4M9.7M11.1M18.4M
Cash30.4M71.6M25.6M26.2M30.1M35.0M
Non Current Assets Total36.1M36.5M93.9M51.6M46.4M59.5M
Non Currrent Assets Other242K225K2.4M2.2M2.0M1.9M
Cash And Short Term Investments30.4M71.6M25.6M26.7M30.7M48.7M
Net Receivables26.9M32.2M17.6M24.0M27.6M29.3M
Common Stock Shares Outstanding2.9M3.6M3.7M5.2M5.9M5.6M
Liabilities And Stockholders Equity126.2M180.8M189.1M143.9M129.5M145.7M
Non Current Liabilities Total23.0M15.5M41.0M34.8M31.3M30.6M
Inventory25.5M32.3M37.0M28.9M33.2M29.4M
Other Current Assets7.3M8.2M5.4M12.8M14.7M15.5M
Total Liab52.1M43.3M70.3M63.6M57.3M62.1M
Property Plant And Equipment Gross35.6M36.0M61.1M37.1M33.4M39.6M
Total Current Assets90.1M144.3M95.2M92.4M106.2M117.4M
Accumulated Other Comprehensive Income918K687K1.3M350K402.5K422.6K
Short Term Debt2.0M2.4M3.0M3.9M4.5M8.1M
Intangible Assets202K167K14.8M12.2M11.0M7.1M
Common Stock Total Equity734.1M739.9M744.4M782.3M899.6M635.9M
Common Stock744.4M782.3M787.3M825.1M948.9M658.3M
Other Liab2.1M2.8M2.8M4.8M4.3M2.7M
Other Assets242K225K2.4M(45K)(40.5K)(38.5K)
Property Plant Equipment37.2M21.1M22.5M61.1M55.0M42.6M
Current Deferred Revenue502K364K5.3M1.6M1.5M1.4M
Net Tangible Assets76.4M73.9M137.2M86.1M99.1M103.7M
Retained Earnings Total Equity(580.4M)(616.4M)(623.4M)(597.8M)(538.0M)(564.9M)
Non Current Liabilities Other23.0M15.5M106K8K7.2K6.8K

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

  0.65ERIC Telefonaktiebolaget Fiscal Year End 28th of January 2025 PairCorr
  0.64EXTR Extreme NetworksPairCorr
  0.88HPE Hewlett Packard EntePairCorr
  0.91MSI Motorola SolutionsPairCorr

Moving against EMCORE Stock

  0.75CLFD ClearfieldPairCorr
  0.68CDW CDW CorpPairCorr
  0.52JNPR Juniper NetworksPairCorr
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.
Pair CorrelationCorrelation Matching

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.