Accuray Capital Surpluse vs Net Receivables Analysis
ARAY Stock | USD 1.62 0.07 4.14% |
Accuray Incorporated financial indicator trend analysis is way more than just evaluating Accuray Incorporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Accuray Incorporated is a good investment. Please check the relationship between Accuray Incorporated Capital Surpluse and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accuray Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Accuray Stock please use our How to Invest in Accuray Incorporated guide.
Capital Surpluse vs Net Receivables
Capital Surpluse vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Accuray Incorporated Capital Surpluse account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Accuray Incorporated's Capital Surpluse and Net Receivables is 0.64. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Accuray Incorporated, assuming nothing else is changed. The correlation between historical values of Accuray Incorporated's Capital Surpluse and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Accuray Incorporated are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Capital Surpluse i.e., Accuray Incorporated's Capital Surpluse and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Capital Surpluse
Net Receivables
Most indicators from Accuray Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Accuray Incorporated 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Accuray Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Accuray Stock please use our How to Invest in Accuray Incorporated guide.At this time, Accuray Incorporated's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.15 in 2024, whereas Selling General Administrative is likely to drop slightly above 47.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 160.0M | 154.0M | 177.1M | 118.0M | Total Revenue | 429.9M | 447.6M | 514.7M | 294.1M |
Accuray Incorporated fundamental ratios Correlations
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Accuray Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Accuray Incorporated fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 490.1M | 480.1M | 472.8M | 479.2M | 551.1M | 388.6M | |
Total Stockholder Equity | 62.8M | 68.8M | 53.2M | 53.7M | 61.7M | 80.5M | |
Net Debt | 114.1M | 83.0M | 125.0M | 115.6M | 133.0M | 139.6M | |
Cash | 107.6M | 116.4M | 88.7M | 89.4M | 102.8M | 84.7M | |
Other Assets | 17.1M | 18.1M | 20.5M | 21.4M | 19.2M | 14.0M | |
Cash And Short Term Investments | 107.6M | 116.4M | 88.7M | 89.4M | 102.8M | 114.3M | |
Common Stock Shares Outstanding | 90.6M | 92.0M | 92.1M | 94.9M | 109.1M | 66.8M | |
Liabilities And Stockholders Equity | 490.1M | 480.1M | 472.8M | 479.2M | 551.1M | 388.6M | |
Other Stockholder Equity | 545.7M | 554.7M | 543.2M | 555.3M | 638.6M | 390.6M | |
Total Liab | 427.3M | 411.3M | 419.7M | 425.6M | 489.4M | 307.2M | |
Total Current Assets | 356.6M | 352.8M | 350.9M | 338.0M | 388.7M | 281.7M | |
Short Long Term Debt Total | 221.7M | 199.4M | 213.7M | 205.0M | 235.8M | 172.5M | |
Other Current Liab | 45.1M | 54.3M | 59.7M | 62.1M | 71.4M | 44.4M | |
Total Current Liabilities | 182.3M | 192.4M | 208.9M | 198.6M | 228.4M | 178.0M | |
Other Liab | 31.5M | 31.5M | 14.2M | 31.8M | 28.6M | 27.4M | |
Property Plant And Equipment Net | 44.0M | 34.9M | 29.5M | 46.8M | 53.8M | 31.0M | |
Current Deferred Revenue | 105.8M | 106.6M | 100.7M | 93.0M | 106.9M | 96.9M | |
Retained Earnings | (482.4M) | (488.0M) | (492.5M) | (502.1M) | (451.9M) | (474.5M) | |
Accounts Payable | 23.1M | 19.5M | 31.3M | 33.7M | 38.8M | 20.5M | |
Non Current Assets Total | 133.4M | 127.3M | 122.0M | 141.2M | 162.4M | 116.1M | |
Non Currrent Assets Other | 17.1M | 18.1M | 20.5M | 21.4M | 19.2M | 15.4M | |
Net Receivables | 89.6M | 85.4M | 94.4M | 74.8M | 86.0M | 65.0M | |
Good Will | 57.7M | 58.0M | 57.8M | 57.7M | 66.3M | 45.1M | |
Common Stock Total Equity | 86K | 89K | 91K | 94K | 84.6K | 80.4K | |
Non Current Liabilities Total | 245.0M | 218.9M | 210.8M | 226.9M | 261.0M | 155.6M | |
Inventory | 134.5M | 125.9M | 142.3M | 145.2M | 166.9M | 90.7M | |
Other Current Assets | 24.9M | 25.1M | 25.5M | 27.6M | 31.8M | 28.1M | |
Property Plant And Equipment Gross | 44.0M | 34.9M | 29.5M | 46.8M | 53.8M | 31.0M | |
Accumulated Other Comprehensive Income | (662K) | 2.1M | 2.4M | 422K | 485.3K | 509.6K | |
Intangible Assets | 663K | 435K | 250K | 210K | 189K | 179.6K | |
Property Plant Equipment | 44.0M | 34.9M | 29.5M | 39.3M | 45.2M | 30.6M | |
Net Tangible Assets | 5.3M | 10.4M | (4.9M) | (11.7M) | (10.6M) | (10.0M) | |
Long Term Debt | 189.3M | 170.0M | 171.9M | 171.6M | 197.3M | 173.5M | |
Retained Earnings Total Equity | (485.5M) | (481.7M) | (488.0M) | (492.5M) | (443.3M) | (465.4M) | |
Long Term Debt Total | 159.8M | 189.3M | 170.0M | 171.9M | 197.7M | 172.1M | |
Capital Surpluse | 535.3M | 545.7M | 554.7M | 543.2M | 624.7M | 543.6M | |
Deferred Long Term Liab | 1.1M | 900K | 9.8M | 9.2M | 8.3M | 8.2M |
Pair Trading with Accuray Incorporated
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 Accuray Incorporated 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 Accuray Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving together with Accuray Stock
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Moving against Accuray Stock
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The ability to find closely correlated positions to Accuray Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accuray Incorporated 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 Accuray Incorporated - 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 Accuray Incorporated to buy it.
The correlation of Accuray Incorporated 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 Accuray Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accuray Incorporated 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 Accuray Incorporated 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Accuray Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Accuray Stock please use our How to Invest in Accuray Incorporated guide.Note that the Accuray Incorporated information on this page should be used as a complementary analysis to other Accuray Incorporated's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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Is Accuray Incorporated's industry 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 Accuray Incorporated. If investors know Accuray 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 Accuray Incorporated 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 (0.96) | Earnings Share (0.22) | Revenue Per Share 4.422 | Quarterly Revenue Growth 0.168 | Return On Assets (0.01) |
The market value of Accuray Incorporated is measured differently than its book value, which is the value of Accuray that is recorded on the company's balance sheet. Investors also form their own opinion of Accuray Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Accuray Incorporated'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 Accuray Incorporated's market value can be influenced by many factors that don't directly affect Accuray Incorporated'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 Accuray Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accuray Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accuray Incorporated'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.