Thermo Change To Inventory vs Stock Based Compensation Analysis

TMO Stock  USD 526.19  8.17  1.53%   
Thermo Fisher financial indicator trend analysis is much more than just breaking down Thermo Fisher Scientific prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thermo Fisher Scientific is a good investment. Please check the relationship between Thermo Fisher Change To Inventory and its Stock Based Compensation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thermo Fisher Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Change To Inventory vs Stock Based Compensation

Change To Inventory vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thermo Fisher Scientific Change To Inventory account and Stock Based Compensation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Thermo Fisher's Change To Inventory and Stock Based Compensation is -0.09. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of Thermo Fisher Scientific, assuming nothing else is changed. The correlation between historical values of Thermo Fisher's Change To Inventory and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Thermo Fisher Scientific are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Change To Inventory i.e., Thermo Fisher's Change To Inventory and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.
Most indicators from Thermo Fisher's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thermo Fisher Scientific 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Thermo Fisher Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
At this time, Thermo Fisher's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 469.3 M, while Discontinued Operations is likely to drop (3.6 M).
 2021 2022 2023 2024 (projected)
Total Revenue39.2B44.9B42.9B45.0B
Depreciation And Amortization2.6B3.4B3.4B3.6B

Thermo Fisher fundamental ratios Correlations

0.990.90.970.990.980.950.970.750.990.430.750.990.380.980.990.98-0.221.00.950.70.880.980.940.960.99
0.990.90.970.980.970.960.960.720.990.410.720.980.340.980.980.97-0.231.00.930.710.880.960.940.960.99
0.90.90.910.880.910.90.880.560.910.430.560.90.280.870.910.89-0.210.910.820.440.830.90.860.880.91
0.970.970.910.960.990.90.970.80.950.380.80.980.280.940.980.93-0.30.980.960.770.80.980.950.970.96
0.990.980.880.960.960.910.980.770.980.430.770.980.410.970.990.97-0.210.980.950.690.860.970.930.940.99
0.980.970.910.990.960.90.970.780.950.470.780.990.260.940.990.94-0.350.980.960.70.781.00.960.980.96
0.950.960.90.90.910.90.890.510.970.350.510.910.370.940.920.95-0.150.960.80.560.930.90.880.90.97
0.970.960.880.970.980.970.890.80.960.460.80.990.220.970.970.94-0.410.960.970.690.760.970.980.980.97
0.750.720.560.80.770.780.510.80.670.391.00.790.140.710.770.67-0.370.720.910.820.420.780.750.750.69
0.990.990.910.950.980.950.970.960.670.410.670.970.410.980.970.98-0.180.990.90.650.910.950.930.941.0
0.430.410.430.380.430.470.350.460.390.410.390.49-0.060.460.430.36-0.350.420.460.040.260.450.440.50.42
0.750.720.560.80.770.780.510.81.00.670.390.790.140.710.770.67-0.370.720.910.820.420.780.750.750.69
0.990.980.90.980.980.990.910.990.790.970.490.790.260.970.990.95-0.360.980.970.690.790.990.970.980.98
0.380.340.280.280.410.260.370.220.140.41-0.060.140.260.280.370.440.710.350.260.250.630.30.110.140.36
0.980.980.870.940.970.940.940.970.710.980.460.710.970.280.950.97-0.320.970.920.660.830.940.960.960.99
0.990.980.910.980.990.990.920.970.770.970.430.770.990.370.950.96-0.240.990.960.690.850.990.930.950.98
0.980.970.890.930.970.940.950.940.670.980.360.670.950.440.970.96-0.150.970.90.640.90.940.910.920.98
-0.22-0.23-0.21-0.3-0.21-0.35-0.15-0.41-0.37-0.18-0.35-0.37-0.360.71-0.32-0.24-0.15-0.22-0.35-0.20.2-0.32-0.51-0.46-0.23
1.01.00.910.980.980.980.960.960.720.990.420.720.980.350.970.990.97-0.220.930.70.880.970.940.960.99
0.950.930.820.960.950.960.80.970.910.90.460.910.970.260.920.960.9-0.350.930.780.70.960.930.940.92
0.70.710.440.770.690.70.560.690.820.650.040.820.690.250.660.690.64-0.20.70.780.490.690.70.680.66
0.880.880.830.80.860.780.930.760.420.910.260.420.790.630.830.850.90.20.880.70.490.80.70.730.89
0.980.960.90.980.971.00.90.970.780.950.450.780.990.30.940.990.94-0.320.970.960.690.80.940.960.96
0.940.940.860.950.930.960.880.980.750.930.440.750.970.110.960.930.91-0.510.940.930.70.70.940.990.94
0.960.960.880.970.940.980.90.980.750.940.50.750.980.140.960.950.92-0.460.960.940.680.730.960.990.96
0.990.990.910.960.990.960.970.970.691.00.420.690.980.360.990.980.98-0.230.990.920.660.890.960.940.96
Click cells to compare fundamentals

Thermo Fisher Account Relationship Matchups

Thermo Fisher fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets58.4B69.1B95.1B97.2B98.7B103.7B
Short Long Term Debt Total17.8B21.7B34.9B34.5B34.9B36.7B
Other Current Liab2.7B3.9B5.4B5.4B4.8B5.1B
Total Current Liabilities6.2B10.3B13.4B17.0B14.0B14.7B
Total Stockholder Equity29.7B34.5B40.8B44.0B46.7B49.1B
Property Plant And Equipment Net5.4B6.7B9.9B10.9B9.4B9.9B
Net Debt15.4B11.4B30.4B26.0B26.8B28.2B
Retained Earnings22.1B28.1B35.4B41.9B47.4B49.7B
Cash2.4B10.3B4.5B8.5B8.1B8.5B
Non Current Assets Total45.2B45.5B72.0B69.7B74.1B77.8B
Non Currrent Assets Other1.9B2.5B4.4B(2.8B)2.1B2.2B
Cash And Short Term Investments2.4B10.3B4.5B8.5B8.1B8.5B
Net Receivables5.0B6.5B8.9B9.4B9.7B10.1B
Common Stock Shares Outstanding403M399M397M394M388M272.7M
Liabilities And Stockholders Equity58.4B69.1B95.1B97.2B98.7B103.7B
Non Current Liabilities Total17.1B19.1B32.1B28.8B37.9B39.8B
Inventory3.4B4.0B5.1B5.6B5.1B5.3B
Other Current Assets1.2B1.1B1.6B1.6B1.8B1.8B
Other Stockholder Equity7.1B8.8B7.3B4.7B2.2B2.0B
Total Liab28.7B34.5B54.1B53.0B51.9B54.5B
Total Current Assets11.9B22.0B20.1B25.2B24.6B25.8B
Short Term Debt676M2.8B2.5B5.6B3.6B3.8B
Intangible Assets14.0B12.7B20.1B17.5B16.7B17.5B
Accounts Payable1.9B2.2B2.9B3.4B2.9B3.0B
Property Plant And Equipment Gross4.7B5.9B12.6B14.3B15.5B16.3B
Accumulated Other Comprehensive Income(2.7B)(2.8B)(2.3B)(3.1B)(3.2B)(3.1B)
Current Deferred Revenue916M1.3B2.7B2.6B2.7B2.8B
Good Will25.7B26.0B41.9B41.2B44.0B46.2B
Common Stock Total Equity434M437M439M441M507.2M352.8M
Short Term Investments10M3M37M28M1.8M1.7M
Common Stock434M437M439M441M442M357.4M
Other Liab4.8B5.1B8.1B5.7B6.5B6.9B
Other Assets1.2B1.6B3.0B2.2B2.6B2.7B
Long Term Debt17.1B19.1B32.3B28.9B31.3B32.9B
Treasury Stock(3.7B)(5.2B)(6.8B)(8.9B)(8.0B)(7.6B)
Property Plant Equipment4.7B5.9B8.3B9.3B10.7B11.2B
Net Tangible Assets(10.1B)(4.2B)(21.2B)(14.5B)(13.1B)(13.7B)
Retained Earnings Total Equity22.1B28.1B35.4B41.9B48.2B50.6B

Pair Trading with Thermo Fisher

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 Thermo Fisher 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 Thermo Fisher will appreciate offsetting losses from the drop in the long position's value.

Moving together with Thermo Stock

  0.63A Agilent TechnologiesPairCorr
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  0.83VALN Valneva SE ADRPairCorr

Moving against Thermo Stock

  0.88BMY Bristol Myers SquibbPairCorr
  0.79IKT Inhibikase TherapeuticsPairCorr
  0.71ESPR Esperion TherapeuticsPairCorr
  0.61XCUR Exicure Upward RallyPairCorr
  0.57DYAI Dyadic InternationalPairCorr
The ability to find closely correlated positions to Thermo Fisher could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thermo Fisher 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 Thermo Fisher - 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 Thermo Fisher Scientific to buy it.
The correlation of Thermo Fisher 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 Thermo Fisher moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thermo Fisher Scientific 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 Thermo Fisher 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
When determining whether Thermo Fisher Scientific offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thermo Fisher's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Thermo Fisher Scientific Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thermo Fisher Scientific Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thermo Fisher Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Life Sciences Tools & Services 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 Thermo Fisher. If investors know Thermo 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 Thermo Fisher 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
(0.04)
Dividend Share
1.52
Earnings Share
15.97
Revenue Per Share
110.627
Quarterly Revenue Growth
0.002
The market value of Thermo Fisher Scientific is measured differently than its book value, which is the value of Thermo that is recorded on the company's balance sheet. Investors also form their own opinion of Thermo Fisher's value that differs from its market value or its book value, called intrinsic value, which is Thermo Fisher'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 Thermo Fisher's market value can be influenced by many factors that don't directly affect Thermo Fisher'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 Thermo Fisher's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thermo Fisher is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thermo Fisher'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.