CytomX Extraordinary Items vs Cost Of Revenue Analysis
CTMX Stock | USD 1.59 0.01 0.63% |
CytomX Therapeutics financial indicator trend analysis is way more than just evaluating CytomX Therapeutics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CytomX Therapeutics is a good investment. Please check the relationship between CytomX Therapeutics Extraordinary Items and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CytomX Therapeutics. 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. For more information on how to buy CytomX Stock please use our How to Invest in CytomX Therapeutics guide.
Extraordinary Items vs Cost Of Revenue
Extraordinary Items vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CytomX Therapeutics Extraordinary Items account and Cost Of Revenue. At this time, the significance of the direction appears to have very week relationship.
The correlation between CytomX Therapeutics' Extraordinary Items and Cost Of Revenue is 0.26. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of CytomX Therapeutics, assuming nothing else is changed. The correlation between historical values of CytomX Therapeutics' Extraordinary Items and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of CytomX Therapeutics are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Extraordinary Items i.e., CytomX Therapeutics' Extraordinary Items and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Extraordinary Items
Cost Of Revenue
Cost of Revenue is found on CytomX Therapeutics income statement and represents the costs associated with goods and services CytomX Therapeutics provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most indicators from CytomX Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CytomX 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in CytomX Therapeutics. 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. For more information on how to buy CytomX Stock please use our How to Invest in CytomX Therapeutics guide.Tax Provision is likely to rise to about 3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 28.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 69.6M | 53.2M | 99.0M | 53.9M | Total Revenue | 69.6M | 53.2M | 101.2M | 54.2M |
CytomX Therapeutics fundamental ratios Correlations
Click cells to compare fundamentals
CytomX Therapeutics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CytomX Therapeutics fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 341.3M | 358.7M | 339.4M | 260.9M | 205.2M | 284.4M | |
Other Current Liab | 27.2M | 19.9M | 30.6M | 24.5M | 17.6M | 17.9M | |
Total Current Liabilities | 85.6M | 100.9M | 106.3M | 152.6M | 155.9M | 82.7M | |
Total Stockholder Equity | 51.1M | 49.8M | 89.4M | (85.8M) | (47.4M) | (45.1M) | |
Other Liab | 179.7M | 186.3M | 125.7M | 180.1M | 207.1M | 151.2M | |
Property Plant And Equipment Net | 32.8M | 29.4M | 25.3M | 21.0M | 16.2M | 14.9M | |
Current Deferred Revenue | 51.4M | 74.9M | 69.3M | 121.3M | 132.3M | 138.9M | |
Net Debt | (163.6M) | (167.0M) | (187.5M) | (175.6M) | (3.2M) | (3.4M) | |
Retained Earnings | (417.2M) | (450.1M) | (533.7M) | (722.9M) | (723.4M) | (687.3M) | |
Accounts Payable | 4.2M | 3.0M | 2.8M | 2.8M | 1.5M | 2.7M | |
Cash | 188.4M | 191.9M | 205.5M | 193.7M | 17.2M | 16.3M | |
Non Current Assets Total | 37.9M | 34.7M | 29.1M | 23.8M | 22.2M | 19.8M | |
Non Currrent Assets Other | 2.9M | (3.4M) | (3.7M) | (3.6M) | 83K | 78.9K | |
Other Assets | 2.9M | 25.6M | 1.8M | 944K | 1.1M | 1.0M | |
Cash And Short Term Investments | 296.1M | 316.1M | 305.2M | 193.7M | 174.5M | 253.8M | |
Net Receivables | 13K | 798K | 790K | 36.0M | 3.4M | 5.6M | |
Common Stock Shares Outstanding | 45.3M | 46.1M | 64.1M | 65.7M | 73.8M | 48.9M | |
Short Term Investments | 188.6M | 107.7M | 124.3M | 99.7M | 157.3M | 117.8M | |
Liabilities And Stockholders Equity | 341.3M | 358.7M | 339.4M | 260.9M | 205.2M | 284.4M | |
Non Current Liabilities Total | 204.6M | 207.9M | 143.7M | 194.0M | 96.7M | 167.7M | |
Other Current Assets | 7.2M | 7.1M | 4.3M | 7.5M | 5.0M | 5.2M | |
Other Stockholder Equity | 468.3M | 500.0M | 623.3M | 637.1M | 675.9M | 709.7M | |
Total Liab | 290.2M | 308.9M | 250.0M | 346.6M | 252.6M | 250.4M | |
Property Plant And Equipment Gross | 32.8M | 29.4M | 25.3M | 21.0M | 30.9M | 16.4M | |
Total Current Assets | 303.3M | 324.0M | 310.3M | 237.1M | 182.9M | 264.6M | |
Accumulated Other Comprehensive Income | 57K | (47K) | (242K) | 10K | 95K | 99.8K | |
Short Term Debt | 2.8M | 3.2M | 3.6M | 4.1M | 4.6M | 4.7M | |
Intangible Assets | 1.3M | 1.2M | 1.0M | 875K | 729K | 1.1M | |
Property Plant Equipment | 6.9M | 32.8M | 7.0M | 6.0M | 6.9M | 8.3M | |
Net Tangible Assets | 48.9M | 47.7M | 87.4M | (2.4M) | (2.8M) | (2.7M) | |
Retained Earnings Total Equity | (417.2M) | (450.1M) | (533.7M) | (623.6M) | (561.2M) | (533.1M) | |
Capital Surpluse | 446.0M | 468.3M | 500.0M | 623.3M | 716.8M | 474.2M | |
Non Current Liabilities Other | 850K | 207.9M | 143.7M | 262M | 3.9M | 3.7M | |
Net Invested Capital | 51.1M | 49.8M | 89.4M | (85.8M) | (47.4M) | (45.1M) | |
Net Working Capital | 217.7M | 223.1M | 204.0M | 84.5M | 27.0M | 25.7M |
Pair Trading with CytomX Therapeutics
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 CytomX Therapeutics 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 CytomX Therapeutics will appreciate offsetting losses from the drop in the long position's value.Moving together with CytomX Stock
0.69 | A | Agilent Technologies Financial Report 28th of May 2024 | PairCorr |
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0.79 | ENVB | Enveric Biosciences Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to CytomX Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CytomX Therapeutics 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 CytomX Therapeutics - 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 CytomX Therapeutics to buy it.
The correlation of CytomX Therapeutics 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 CytomX Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CytomX Therapeutics 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 CytomX Therapeutics 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 CytomX Therapeutics. 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. For more information on how to buy CytomX Stock please use our How to Invest in CytomX Therapeutics guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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Is CytomX Therapeutics' 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 CytomX Therapeutics. If investors know CytomX 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 CytomX Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Revenue Per Share 1.371 | Quarterly Revenue Growth 0.322 | Return On Assets (0.02) | Return On Equity (54.75) |
The market value of CytomX Therapeutics is measured differently than its book value, which is the value of CytomX that is recorded on the company's balance sheet. Investors also form their own opinion of CytomX Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is CytomX Therapeutics' 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 CytomX Therapeutics' market value can be influenced by many factors that don't directly affect CytomX Therapeutics' 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 CytomX Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if CytomX Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CytomX Therapeutics' 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.