EMCORE Retained Earnings vs Cash 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 Retained Earnings and its Cash 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.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EMCORE Retained Earnings account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between EMCORE's Retained Earnings and Cash is -0.18. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of EMCORE, assuming nothing else is changed. The correlation between historical values of EMCORE's Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of EMCORE are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., EMCORE's Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Cash
Cash refers to the most liquid asset of EMCORE, which is listed under current asset account on EMCORE balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from EMCORE customers. The amounts must be unrestricted with restricted cash listed in a different EMCORE account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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
Click cells to compare fundamentals
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.