GoHealth Depreciation vs Change In Cash Analysis
| GOCO Stock | USD 15.06 1.32 9.61% |
GoHealth financial indicator trend analysis is much more than just examining GoHealth latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoHealth is a good investment. Please check the relationship between GoHealth Depreciation and its Change In Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.
Depreciation vs Change In Cash
Depreciation vs Change In Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoHealth Depreciation account and Change In Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between GoHealth's Depreciation and Change In Cash is 0.32. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change In Cash in the same time period over historical financial statements of GoHealth, assuming nothing else is changed. The correlation between historical values of GoHealth's Depreciation and Change In 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 Depreciation of GoHealth are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Depreciation i.e., GoHealth's Depreciation and Change In Cash go up and down completely randomly.
Correlation Coefficient | 0.32 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of GoHealth value has been used up. For tax purposes GoHealth can deduct the cost of the tangible assets it purchases as business expenses. However, GoHealth must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Change In Cash
Most indicators from GoHealth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GoHealth 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.At this time, GoHealth's Selling General Administrative is very stable compared to the past year. As of the 22nd of January 2025, Sales General And Administrative To Revenue is likely to grow to 0.20, while Tax Provision is likely to drop about 73.2 K.
| 2024 | 2025 (projected) | Depreciation And Amortization | 121.6M | 115.5M | Interest Income | 9.4M | 9.9M |
GoHealth fundamental ratios Correlations
Click cells to compare fundamentals
GoHealth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GoHealth fundamental ratios Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Assets | 2.1B | 2.1B | 1.7B | 1.5B | 1.7B | 1.7B | |
| Short Long Term Debt Total | 400.6M | 696.3M | 557.4M | 543.0M | 624.5M | 457.2M | |
| Other Current Liab | 35.3M | 55.0M | 54.5M | 100.4M | 115.4M | 121.2M | |
| Total Current Liabilities | 127.4M | 217.1M | 265.5M | 370.0M | 425.5M | 446.8M | |
| Total Stockholder Equity | 378.8M | 353.1M | 318.1M | 231.0M | 265.7M | 358.3M | |
| Other Liab | 340.9M | 185.8M | 274.4M | 259.0M | 233.1M | 214.6M | |
| Net Tangible Assets | (309.2M) | (694.9M) | (241.6M) | (182.6M) | (209.9M) | (220.4M) | |
| Property Plant And Equipment Net | 17.4M | 47.7M | 46.8M | 48.8M | 56.2M | 32.8M | |
| Current Deferred Revenue | 736K | 536K | 50.6M | 52.4M | 60.3M | 63.3M | |
| Net Debt | 256.3M | 611.9M | 541.0M | 452.2M | 520.1M | 393.3M | |
| Retained Earnings | (18.8M) | (208.3M) | (357.0M) | (420.3M) | (378.3M) | (397.2M) | |
| Accounts Payable | 87.2M | 144.0M | 137.2M | 136.4M | 156.9M | 110.6M | |
| Cash | 144.2M | 84.4M | 16.5M | 90.8M | 104.4M | 63.9M | |
| Non Current Assets Total | 1.7B | 1.6B | 1.2B | 1.0B | 1.2B | 1.3B | |
| Non Currrent Assets Other | 624.3M | 997.5M | 697.4M | 577.7M | 664.4M | 597.1M | |
| Other Assets | 282.9M | 624.3M | 997.5M | 697.4M | 802.0M | 589.4M | |
| Cash And Short Term Investments | 144.2M | 84.4M | 16.5M | 90.8M | 104.4M | 63.9M | |
| Net Receivables | 205.7M | 285.9M | 340.5M | 336.5M | 386.9M | 246.2M | |
| Common Stock Shares Outstanding | 5.6M | 7.1M | 8.4M | 9.3M | 8.4M | 7.6M | |
| Long Term Debt Total | 288.7M | 396.4M | 665.1M | 504.8M | 580.5M | 408.1M | |
| Liabilities And Stockholders Equity | 2.1B | 2.1B | 1.7B | 1.5B | 1.7B | 1.7B | |
| Non Current Liabilities Total | 582.3M | 959.3M | 802.1M | 674.6M | 775.8M | 720.3M | |
| Capital Lease Obligations | 396.4M | 25.9M | 47.3M | 45.3M | 40.8M | 68.7M | |
| Other Current Assets | 41.9M | 58.7M | 57.6M | 49.2M | 56.5M | 40.0M | |
| Other Stockholder Equity | 399.2M | 769.8M | 625.9M | 602.1M | 692.4M | 500.4M | |
| Total Liab | 709.6M | 1.2B | 1.1B | 1.1B | 1.3B | 938.5M | |
| Net Invested Capital | 781.0M | 1.0B | 778.8M | 728.7M | 838.0M | 684.6M | |
| Short Long Term Debt | 3M | 4.2M | 5.3M | 75M | 86.3M | 90.6M | |
| Total Current Assets | 391.8M | 429.0M | 414.6M | 476.4M | 547.9M | 350.1M | |
| Accumulated Other Comprehensive Income | (18.8M) | (208.4M) | (144K) | (127K) | (114.3K) | (120.0K) | |
| Non Current Liabilities Other | 3.3M | 294.2M | 297.3M | 9.1M | 10.5M | 9.9M | |
| Net Working Capital | 264.5M | 211.9M | 149.1M | 106.4M | 122.4M | 140.9M | |
| Short Term Debt | 4.2M | 17.5M | 23.2M | 80.8M | 92.9M | 97.6M | |
| Property Plant Equipment | 6.3M | 17.4M | 47.7M | 46.8M | 53.8M | 28.6M | |
| Long Term Debt | 396.4M | 665.1M | 504.8M | 422.7M | 486.1M | 501.0M | |
| Property Plant And Equipment Gross | 17.4M | 47.7M | 46.8M | 78.0M | 89.6M | 94.1M | |
| Intangible Assets | 688.7M | 594.7M | 500.6M | 396.6M | 356.9M | 474.1M |
Pair Trading with GoHealth
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 GoHealth 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 GoHealth will appreciate offsetting losses from the drop in the long position's value.Moving together with GoHealth Stock
Moving against GoHealth Stock
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The ability to find closely correlated positions to GoHealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoHealth 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 GoHealth - 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 GoHealth to buy it.
The correlation of GoHealth 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 GoHealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoHealth 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 GoHealth 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoHealth. If investors know GoHealth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoHealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.241 | Earnings Share (3.29) | Revenue Per Share | Quarterly Revenue Growth (0.10) | Return On Assets |
The market value of GoHealth is measured differently than its book value, which is the value of GoHealth that is recorded on the company's balance sheet. Investors also form their own opinion of GoHealth's value that differs from its market value or its book value, called intrinsic value, which is GoHealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoHealth's market value can be influenced by many factors that don't directly affect GoHealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GoHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoHealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.