Protagenic Cash And Short Term Investments vs Cash Analysis

PTIX Stock  USD 0.50  0.02  3.85%   
Protagenic Therapeutics financial indicator trend analysis is much more than just breaking down Protagenic Therapeutics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Protagenic Therapeutics is a good investment. Please check the relationship between Protagenic Therapeutics Cash And Short Term Investments and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Protagenic Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Protagenic Stock please use our How to Invest in Protagenic Therapeutics guide.

Cash And Short Term Investments vs Cash

Cash And Short Term Investments vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Protagenic Therapeutics Cash And Short Term Investments account and Cash. At this time, the significance of the direction appears to have very week relationship.
The correlation between Protagenic Therapeutics' Cash And Short Term Investments and Cash is 0.21. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of Protagenic Therapeutics, assuming nothing else is changed. The correlation between historical values of Protagenic Therapeutics' Cash And Short Term Investments 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 Cash And Short Term Investments of Protagenic Therapeutics 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 Cash And Short Term Investments i.e., Protagenic Therapeutics' Cash And Short Term Investments and Cash go up and down completely randomly.

Correlation Coefficient

0.21
Relationship DirectionPositive 
Relationship StrengthVery Weak

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Protagenic Therapeutics balance sheet. This account contains Protagenic Therapeutics investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Protagenic Therapeutics 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.

Cash

Cash refers to the most liquid asset of Protagenic Therapeutics, which is listed under current asset account on Protagenic Therapeutics balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Protagenic Therapeutics customers. The amounts must be unrestricted with restricted cash listed in a different Protagenic Therapeutics 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 Protagenic Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Protagenic Therapeutics 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Protagenic Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Protagenic Stock please use our How to Invest in Protagenic Therapeutics guide.Selling General Administrative is likely to drop to about 1.1 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year
 2021 2022 2023 2024 (projected)
Reconciled Depreciation37.030.01.6K1.7K
Interest Income33.2K185.8K303.2K318.4K

Protagenic Therapeutics fundamental ratios Correlations

-0.340.1-0.090.65-0.18-0.33-0.030.22-0.19-0.191.0-0.240.58-0.250.68-0.07-0.110.97-0.24-0.24-0.120.93-0.2-0.270.83
-0.34-0.090.54-0.630.360.76-0.48-0.240.370.37-0.310.83-0.260.87-0.230.790.57-0.350.950.830.57-0.220.38-0.28-0.38
0.1-0.09-0.270.260.64-0.210.250.160.640.640.12-0.440.7-0.4-0.04-0.39-0.270.09-0.05-0.44-0.310.230.64-0.440.07
-0.090.54-0.27-0.81-0.10.38-0.980.03-0.1-0.1-0.110.66-0.290.66-0.220.651.0-0.10.560.661.0-0.14-0.09-0.14-0.15
0.65-0.630.26-0.81-0.03-0.520.720.16-0.04-0.040.66-0.640.59-0.650.53-0.53-0.820.67-0.57-0.64-0.820.63-0.05-0.060.65
-0.180.360.64-0.1-0.030.290.13-0.181.01.0-0.15-0.110.35-0.05-0.11-0.14-0.09-0.180.4-0.11-0.080.11.0-0.12-0.13
-0.330.76-0.210.38-0.520.29-0.31-0.790.310.32-0.310.61-0.310.65-0.090.530.42-0.370.710.610.42-0.070.320.03-0.45
-0.03-0.480.25-0.980.720.13-0.31-0.10.130.14-0.01-0.610.15-0.610.16-0.65-0.98-0.04-0.51-0.61-0.970.040.130.2-0.01
0.22-0.240.160.030.16-0.18-0.79-0.1-0.19-0.210.21-0.150.22-0.18-0.05-0.060.010.3-0.22-0.150.0-0.07-0.21-0.280.37
-0.190.370.64-0.1-0.041.00.310.13-0.191.0-0.16-0.10.33-0.04-0.11-0.14-0.09-0.190.4-0.1-0.070.091.0-0.11-0.16
-0.190.370.64-0.1-0.041.00.320.14-0.211.0-0.15-0.10.32-0.04-0.1-0.14-0.09-0.190.4-0.1-0.070.11.0-0.11-0.18
1.0-0.310.12-0.110.66-0.15-0.31-0.010.21-0.16-0.15-0.220.59-0.220.66-0.04-0.130.97-0.2-0.22-0.140.94-0.16-0.30.83
-0.240.83-0.440.66-0.64-0.110.61-0.61-0.15-0.1-0.1-0.22-0.481.0-0.250.970.67-0.250.861.00.68-0.24-0.1-0.16-0.26
0.58-0.260.7-0.290.590.35-0.310.150.220.330.320.59-0.48-0.460.27-0.31-0.30.63-0.2-0.49-0.330.640.31-0.480.7
-0.250.87-0.40.66-0.65-0.050.65-0.61-0.18-0.04-0.04-0.221.0-0.46-0.250.970.67-0.260.891.00.68-0.23-0.03-0.17-0.28
0.68-0.23-0.04-0.220.53-0.11-0.090.16-0.05-0.11-0.10.66-0.250.27-0.25-0.17-0.210.64-0.26-0.25-0.220.67-0.11-0.070.41
-0.070.79-0.390.65-0.53-0.140.53-0.65-0.06-0.14-0.14-0.040.97-0.310.97-0.170.66-0.060.840.970.67-0.09-0.14-0.26-0.06
-0.110.57-0.271.0-0.82-0.090.42-0.980.01-0.09-0.09-0.130.67-0.30.67-0.210.66-0.120.570.670.99-0.15-0.08-0.15-0.18
0.97-0.350.09-0.10.67-0.18-0.37-0.040.3-0.19-0.190.97-0.250.63-0.260.64-0.06-0.12-0.25-0.25-0.130.89-0.2-0.280.89
-0.240.95-0.050.56-0.570.40.71-0.51-0.220.40.4-0.20.86-0.20.89-0.260.840.57-0.250.860.59-0.10.41-0.25-0.24
-0.240.83-0.440.66-0.64-0.110.61-0.61-0.15-0.1-0.1-0.221.0-0.491.0-0.250.970.67-0.250.860.68-0.24-0.1-0.16-0.27
-0.120.57-0.311.0-0.82-0.080.42-0.970.0-0.07-0.07-0.140.68-0.330.68-0.220.670.99-0.130.590.68-0.16-0.07-0.1-0.18
0.93-0.220.23-0.140.630.1-0.070.04-0.070.090.10.94-0.240.64-0.230.67-0.09-0.150.89-0.1-0.24-0.160.09-0.240.74
-0.20.380.64-0.09-0.051.00.320.13-0.211.01.0-0.16-0.10.31-0.03-0.11-0.14-0.08-0.20.41-0.1-0.070.09-0.11-0.18
-0.27-0.28-0.44-0.14-0.06-0.120.030.2-0.28-0.11-0.11-0.3-0.16-0.48-0.17-0.07-0.26-0.15-0.28-0.25-0.16-0.1-0.24-0.11-0.25
0.83-0.380.07-0.150.65-0.13-0.45-0.010.37-0.16-0.180.83-0.260.7-0.280.41-0.06-0.180.89-0.24-0.27-0.180.74-0.18-0.25
Click cells to compare fundamentals

Protagenic Therapeutics Account Relationship Matchups

Protagenic Therapeutics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets842.3K879.2K11.1M8.0M4.3M4.1M
Other Current Liab1.2M513.3K520.6K620.1K541.5K514.4K
Total Current Liabilities1.2M655.2K799.5K1.1M655.3K622.5K
Total Stockholder Equity(634.4K)(1.1M)9.9M6.9M3.7M6.1M
Property Plant And Equipment Net611.0296.00.01.8K123.3K117.2K
Net Debt(519.3K)702.7K(222.7K)129.0K(1.3M)(1.4M)
Retained Earnings(15.2M)(17.7M)(22.2M)(25.8M)(30.8M)(32.3M)
Cash798.6K671.1K541.2K215.2K1.3M2.0M
Non Current Assets Total611.0296.00.01.8K123.3K117.2K
Non Currrent Assets Other1.0K611.0296.01.8K(1.0)(0.95)
Cash And Short Term Investments798.6K671.1K10.4M8.0M4.1M4.0M
Liabilities And Stockholders Equity842.3K879.2K11.1M8.0M4.3M4.1M
Non Current Liabilities Total161.052.4K279.4K1.4M318.4K1.0M
Other Current Assets43.4K208.2K688.7K56.9K144.0K136.8K
Other Stockholder Equity14.7M16.7M32.4M33.4M34.6M42.6M
Total Liab1.5M2.0M1.1M1.1M655.3K622.5K
Total Current Assets842.0K879.2K11.1M8.0M4.2M7.2M
Accumulated Other Comprehensive Income(172.4K)(171.6K)(248.3K)(676.9K)(113.5K)(119.2K)
Accounts Payable36.2K141.9K279.0K155.5K113.8K108.1K
Net Tangible Assets(210.9K)(634.4K)(1.1M)9.9M11.4M12.0M
Net Invested Capital(355.0K)224.1K10.3M7.3M3.7M3.5M
Net Working Capital(355.3K)224.1K10.3M6.9M3.5M3.4M

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