CommScope Other Current Assets vs Cash Analysis
COMM Stock | USD 1.44 0.01 0.69% |
CommScope Holding financial indicator trend analysis is way more than just evaluating CommScope Holding prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CommScope Holding is a good investment. Please check the relationship between CommScope Holding Other Current Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CommScope Holding Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Other Current Assets vs Cash
Other Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CommScope Holding Other Current Assets account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between CommScope Holding's Other Current Assets and Cash is 0.36. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of CommScope Holding Co, assuming nothing else is changed. The correlation between historical values of CommScope Holding's Other Current Assets 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 Other Current Assets of CommScope Holding Co 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 Other Current Assets i.e., CommScope Holding's Other Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Cash
Cash refers to the most liquid asset of CommScope Holding, which is listed under current asset account on CommScope Holding Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from CommScope Holding customers. The amounts must be unrestricted with restricted cash listed in a different CommScope Holding 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 CommScope Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CommScope Holding 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 CommScope Holding Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, CommScope Holding's Selling General Administrative is very stable compared to the past year. As of the 1st of June 2024, Sales General And Administrative To Revenue is likely to grow to 0.17, though Tax Provision is likely to grow to (166.5 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 561.2M | 588.9M | 675.8M | 381.8M | Depreciation And Amortization | 786.3M | 696.1M | 561.2M | 495.4M |
CommScope Holding fundamental ratios Correlations
Click cells to compare fundamentals
CommScope Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as CommScope Holding using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CommScope Holding Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for CommScope Stock analysis
When running CommScope Holding's price analysis, check to measure CommScope Holding'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 CommScope Holding is operating at the current time. Most of CommScope Holding's value examination focuses on studying past and present price action to predict the probability of CommScope Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CommScope Holding's price. Additionally, you may evaluate how the addition of CommScope Holding to your portfolios can decrease your overall portfolio volatility.
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data |
Is CommScope Holding'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 CommScope Holding. If investors know CommScope 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 CommScope Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.71) | Revenue Per Share 24.997 | Quarterly Revenue Growth (0.30) | Return On Assets 0.0243 | Return On Equity (18.38) |
The market value of CommScope Holding is measured differently than its book value, which is the value of CommScope that is recorded on the company's balance sheet. Investors also form their own opinion of CommScope Holding's value that differs from its market value or its book value, called intrinsic value, which is CommScope Holding'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 CommScope Holding's market value can be influenced by many factors that don't directly affect CommScope Holding'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 CommScope Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if CommScope Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CommScope Holding'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.