Accuray Good Will vs Total Stockholder Equity 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 Good Will and its Total Stockholder Equity 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.

Good Will vs Total Stockholder Equity

Good Will vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Accuray Incorporated Good Will account and Total Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Accuray Incorporated's Good Will and Total Stockholder Equity is 0.55. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Stockholder Equity 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 Good Will and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Accuray Incorporated are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Good Will i.e., Accuray Incorporated's Good Will and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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

Gross Profit Total Revenue

Accuray Incorporated fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory
Total Assets		0.58	0.46	0.81	0.23	0.71	0.9	0.91	0.93	0.99	0.84	0.8	0.76	-0.87	0.69	0.94	-0.65	0.57	0.82	-0.7	0.78	0.97	-0.94	0.33	0.57	0.81
Total Stockholder Equity	0.58		-0.25	0.73	-0.41	0.72	0.27	0.29	0.24	0.5	0.12	0.36	0.25	-0.71	0.42	0.55	0.08	0.03	0.72	-0.72	0.26	0.55	-0.57	0.25	-0.06	0.1
Net Debt	0.46	-0.25		-0.01	0.45	0.26	0.51	0.51	0.67	0.51	0.84	0.29	0.43	-0.35	0.35	0.46	-0.69	0.41	0.22	-0.11	0.42	0.39	-0.44	0.43	0.67	0.56
Cash	0.81	0.73	-0.01		0.07	0.65	0.68	0.69	0.63	0.78	0.5	0.64	0.58	-0.7	0.59	0.77	-0.41	0.36	0.75	-0.68	0.56	0.77	-0.77	0.0	0.26	0.6
Other Assets	0.23	-0.41	0.45	0.07		-0.36	0.52	0.47	0.46	0.25	0.44	0.51	0.41	0.05	0.27	0.05	-0.63	0.77	0.13	0.42	0.49	0.2	-0.17	-0.37	0.4	0.65
Cash And Short Term Investments	0.71	0.72	0.26	0.65	-0.36		0.39	0.42	0.53	0.7	0.55	0.26	0.4	-0.79	0.4	0.79	-0.15	-0.09	0.61	-0.79	0.24	0.66	-0.68	0.73	0.3	0.22
Common Stock Shares Outstanding	0.9	0.27	0.51	0.68	0.52	0.39		1.0	0.95	0.91	0.83	0.89	0.82	-0.69	0.62	0.82	-0.84	0.77	0.66	-0.5	0.85	0.92	-0.87	0.04	0.58	0.96
Other Stockholder Equity	0.91	0.29	0.51	0.69	0.47	0.42	1.0		0.95	0.93	0.83	0.88	0.83	-0.72	0.58	0.86	-0.85	0.72	0.63	-0.56	0.87	0.94	-0.9	0.06	0.55	0.94
Total Liab	0.93	0.24	0.67	0.63	0.46	0.53	0.95	0.95		0.95	0.95	0.79	0.78	-0.72	0.63	0.87	-0.81	0.67	0.65	-0.5	0.81	0.9	-0.86	0.28	0.71	0.92
Total Current Assets	0.99	0.5	0.51	0.78	0.25	0.7	0.91	0.93	0.95		0.87	0.8	0.79	-0.86	0.6	0.96	-0.71	0.55	0.73	-0.7	0.81	0.97	-0.95	0.34	0.57	0.82
Short Long Term Debt Total	0.84	0.12	0.84	0.5	0.44	0.55	0.83	0.83	0.95	0.87		0.6	0.68	-0.65	0.61	0.8	-0.78	0.55	0.58	-0.42	0.67	0.77	-0.76	0.41	0.77	0.83
Other Current Liab	0.8	0.36	0.29	0.64	0.51	0.26	0.89	0.88	0.79	0.8	0.6		0.75	-0.63	0.53	0.68	-0.69	0.83	0.64	-0.4	0.85	0.82	-0.77	-0.12	0.39	0.84
Total Current Liabilities	0.76	0.25	0.43	0.58	0.41	0.4	0.82	0.83	0.78	0.79	0.68	0.75		-0.69	0.37	0.78	-0.73	0.54	0.45	-0.52	0.69	0.81	-0.81	0.06	0.14	0.75
Other Liab	-0.87	-0.71	-0.35	-0.7	0.05	-0.79	-0.69	-0.72	-0.72	-0.86	-0.65	-0.63	-0.69		-0.45	-0.9	0.48	-0.32	-0.7	0.83	-0.61	-0.88	0.91	-0.44	-0.25	-0.54
Property Plant And Equipment Net	0.69	0.42	0.35	0.59	0.27	0.4	0.62	0.58	0.63	0.6	0.61	0.53	0.37	-0.45		0.48	-0.32	0.57	0.91	-0.25	0.35	0.57	-0.49	0.1	0.6	0.63
Current Deferred Revenue	0.94	0.55	0.46	0.77	0.05	0.79	0.82	0.86	0.87	0.96	0.8	0.68	0.78	-0.9	0.48		-0.66	0.35	0.64	-0.85	0.72	0.95	-0.96	0.4	0.42	0.7
Retained Earnings	-0.65	0.08	-0.69	-0.41	-0.63	-0.15	-0.84	-0.85	-0.81	-0.71	-0.78	-0.69	-0.73	0.48	-0.32	-0.66		-0.66	-0.27	0.34	-0.78	-0.68	0.74	0.08	-0.5	-0.86
Accounts Payable	0.57	0.03	0.41	0.36	0.77	-0.09	0.77	0.72	0.67	0.55	0.55	0.83	0.54	-0.32	0.57	0.35	-0.66		0.54	0.01	0.71	0.55	-0.49	-0.3	0.51	0.84
Non Current Assets Total	0.82	0.72	0.22	0.75	0.13	0.61	0.66	0.63	0.65	0.73	0.58	0.64	0.45	-0.7	0.91	0.64	-0.27	0.54		-0.48	0.47	0.72	-0.66	0.22	0.47	0.59
Non Currrent Assets Other	-0.7	-0.72	-0.11	-0.68	0.42	-0.79	-0.5	-0.56	-0.5	-0.7	-0.42	-0.4	-0.52	0.83	-0.25	-0.85	0.34	0.01	-0.48		-0.42	-0.76	0.81	-0.38	-0.07	-0.31
Net Receivables	0.78	0.26	0.42	0.56	0.49	0.24	0.85	0.87	0.81	0.81	0.67	0.85	0.69	-0.61	0.35	0.72	-0.78	0.71	0.47	-0.42		0.78	-0.78	-0.04	0.48	0.82
Good Will	0.97	0.55	0.39	0.77	0.2	0.66	0.92	0.94	0.9	0.97	0.77	0.82	0.81	-0.88	0.57	0.95	-0.68	0.55	0.72	-0.76	0.78		-0.96	0.27	0.45	0.8
Common Stock Total Equity	-0.94	-0.57	-0.44	-0.77	-0.17	-0.68	-0.87	-0.9	-0.86	-0.95	-0.76	-0.77	-0.81	0.91	-0.49	-0.96	0.74	-0.49	-0.66	0.81	-0.78	-0.96		-0.26	-0.38	-0.75
Short Term Investments	0.33	0.25	0.43	0.0	-0.37	0.73	0.04	0.06	0.28	0.34	0.41	-0.12	0.06	-0.44	0.1	0.4	0.08	-0.3	0.22	-0.38	-0.04	0.27	-0.26		0.34	-0.09
Non Current Liabilities Total	0.57	-0.06	0.67	0.26	0.4	0.3	0.58	0.55	0.71	0.57	0.77	0.39	0.14	-0.25	0.6	0.42	-0.5	0.51	0.47	-0.07	0.48	0.45	-0.38	0.34		0.64
Inventory	0.81	0.1	0.56	0.6	0.65	0.22	0.96	0.94	0.92	0.82	0.83	0.84	0.75	-0.54	0.63	0.7	-0.86	0.84	0.59	-0.31	0.82	0.8	-0.75	-0.09	0.64

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Accuray Incorporated Account Relationship Matchups

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

0.66

ENSG

Ensign Group

Pair Corr

Moving against Accuray Stock

0.82	EHC	Encompass Health Corp	Pair Corr
0.81	GKOS	Glaukos Corp	Pair Corr
0.76	PNTG	Pennant Group	Pair Corr
0.74	LIVN	LivaNova PLC	Pair Corr
0.72	KIDS	Orthopediatrics Corp	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Accuray Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Accuray Incorporated'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 Accuray Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Accuray Incorporated Stock:

How To Invest In Accuray

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Is Accuray Stock a good investment?

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What is Accuray Incorporated's Net Worth?

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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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Complementary Tools for Accuray Stock analysis

When running Accuray Incorporated's price analysis, check to measure Accuray Incorporated'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 Accuray Incorporated is operating at the current time. Most of Accuray Incorporated's value examination focuses on studying past and present price action to predict the probability of Accuray Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accuray Incorporated's price. Additionally, you may evaluate how the addition of Accuray Incorporated to your portfolios can decrease your overall portfolio volatility.

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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.

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Accuray Good Will vs Total Stockholder Equity Analysis

Good Will vs Total Stockholder Equity

Good Will vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Good Will

Total Stockholder Equity

Accuray Incorporated fundamental ratios Correlations

Accuray Incorporated Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Accuray Incorporated fundamental ratios Accounts

Pair Trading with Accuray Incorporated

Moving together with Accuray Stock

Moving against Accuray Stock

Complementary Tools for Accuray Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Stockholder Equity	+ 1.0	Common Stock Shares Outstanding
Total Current Assets	+ 0.99	Total Assets
Good Will	+ 0.97	Total Assets
Good Will	+ 0.97	Total Current Assets
Inventory	+ 0.96	Common Stock Shares Outstanding
Current Deferred Revenue	+ 0.96	Total Current Assets

Common Stock Total Equity	- 0.96	Good Will
Common Stock Total Equity	- 0.96	Current Deferred Revenue
Common Stock Total Equity	- 0.95	Total Current Assets
Common Stock Total Equity	- 0.94	Total Assets
Current Deferred Revenue	- 0.9	Other Liab
Common Stock Total Equity	- 0.9	Other Stockholder Equity