CoreCivic Short Long Term Debt Total vs Other Assets Analysis
CXW Stock | USD 15.23 0.33 2.12% |
CoreCivic financial indicator trend analysis is way more than just evaluating CoreCivic prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CoreCivic is a good investment. Please check the relationship between CoreCivic Short Long Term Debt Total and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CoreCivic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy CoreCivic Stock please use our How to Invest in CoreCivic guide.
Short Long Term Debt Total vs Other Assets
Short Long Term Debt Total vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CoreCivic Short Long Term Debt Total account and Other Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between CoreCivic's Short Long Term Debt Total and Other Assets is 0.64. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Other Assets in the same time period over historical financial statements of CoreCivic, assuming nothing else is changed. The correlation between historical values of CoreCivic's Short Long Term Debt Total and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of CoreCivic are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Short Long Term Debt Total i.e., CoreCivic's Short Long Term Debt Total and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Long Term Debt Total
Other Assets
Most indicators from CoreCivic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CoreCivic 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 CoreCivic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy CoreCivic Stock please use our How to Invest in CoreCivic guide.Selling General Administrative is likely to climb to about 142.9 M in 2024. Tax Provision is likely to climb to about 31.6 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 525.6M | 431.5M | 306.9M | 342.0M | Total Revenue | 1.9B | 1.8B | 1.9B | 1.1B |
CoreCivic fundamental ratios Correlations
Click cells to compare fundamentals
CoreCivic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CoreCivic fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.8B | 3.7B | 3.5B | 3.2B | 3.1B | 2.2B | |
Short Long Term Debt Total | 2.0B | 1.8B | 1.5B | 1.3B | 1.1B | 930.2M | |
Other Current Liab | (15.4M) | (8.7M) | 203.9M | 184.6M | (13.1M) | (13.8M) | |
Total Current Liabilities | 368.8M | 313.4M | 341.0M | 450.8M | 297.5M | 204.9M | |
Total Stockholder Equity | 1.4B | 1.4B | 1.4B | 1.4B | 1.5B | 955.3M | |
Property Plant And Equipment Net | 2.7B | 2.4B | 2.3B | 2.2B | 2.1B | 1.7B | |
Net Debt | 1.9B | 1.7B | 1.2B | 1.1B | 966.1M | 871.0M | |
Retained Earnings | (446.3M) | (446.5M) | (498.7M) | (376.4M) | (308.8M) | (324.3M) | |
Cash | 92.1M | 113.2M | 299.6M | 149.4M | 129.0M | 135.4M | |
Non Current Assets Total | 3.4B | 3.0B | 2.9B | 2.7B | 2.6B | 1.9B | |
Non Currrent Assets Other | 350.9M | 396.7M | 583.5M | 550.2M | 309.6M | 319.7M | |
Cash And Short Term Investments | 92.1M | 113.2M | 299.6M | 149.4M | 129.0M | 135.4M | |
Net Receivables | 280.8M | 267.7M | 282.8M | 312.4M | 312.2M | 184.3M | |
Common Stock Shares Outstanding | 119.2M | 120.9M | 120.2M | 119.1M | 114.7M | 92.7M | |
Liabilities And Stockholders Equity | 3.8B | 3.7B | 3.5B | 3.2B | 3.1B | 2.2B | |
Non Current Liabilities Total | 2.0B | 2.0B | 1.8B | 1.4B | 1.3B | 1.0B | |
Other Current Assets | 35.5M | 33.2M | 26.9M | 32.1M | 33.8M | 19.1M | |
Other Stockholder Equity | 1.8B | 1.8B | 1.9B | 1.8B | 1.8B | 1.6B | |
Total Liab | 2.4B | 2.3B | 2.1B | 1.8B | 1.6B | 1.2B | |
Property Plant And Equipment Gross | 2.8B | 2.5B | 3.9B | 3.9B | 4.1B | 4.3B | |
Total Current Assets | 435.4M | 717.1M | 627.4M | 513.7M | 474.9M | 272.8M | |
Short Term Debt | 31.3M | 39.1M | 35.4M | 165.5M | 11.6M | 11.0M | |
Accounts Payable | 337.5M | 274.3M | 90.8M | 89.7M | 285.9M | 159.9M | |
Other Assets | 441.8M | 636.0M | 583.5M | 550.2M | 1.0 | 0.95 | |
Common Stock Total Equity | 1.2M | 1.2M | 1.2M | 1.2M | 1.3M | 1.1M | |
Common Stock | 1.2M | 1.2M | 1.2M | 1.2M | 1.1M | 1.1M | |
Other Liab | 59.2M | 234.8M | 293.5M | 172.8M | 198.7M | 208.6M | |
Long Term Debt | 1.9B | 1.7B | 1.5B | 1.1B | 1.1B | 1.3B | |
Good Will | 48.2M | 50.5M | 5.9M | 4.8M | 4.4M | 4.1M | |
Intangible Assets | 14.5M | 10.7M | 9.0M | 7.7M | 7.2M | 6.8M | |
Property Plant Equipment | 2.7B | 2.4B | 2.3B | 2.2B | 2.5B | 2.5B | |
Current Deferred Revenue | 15.4M | 8.7M | 10.9M | 10.9M | 13.1M | 25.0M | |
Inventory | 27.0M | 303.0M | 18.1M | 19.7M | 1.0 | 0.95 | |
Net Tangible Assets | 1.3B | 1.4B | 1.4B | 1.4B | 1.3B | 1.1B | |
Retained Earnings Total Equity | (446.3M) | (446.5M) | (498.7M) | (376.4M) | (338.8M) | (355.7M) | |
Long Term Debt Total | 1.9B | 1.7B | 1.5B | 1.1B | 1.2B | 1.5B | |
Capital Surpluse | 1.8B | 1.8B | 1.9B | 1.8B | 2.1B | 1.8B | |
Deferred Long Term Liab | 2.6M | 1.9M | 88.2M | 99.6M | 89.7M | 94.1M | |
Non Current Liabilities Other | 118.0M | 234.8M | 177.7M | 154.5M | 3.9M | 3.7M |
CoreCivic Investors Sentiment
The influence of CoreCivic's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CoreCivic. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to CoreCivic's public news can be used to forecast risks associated with an investment in CoreCivic. The trend in average sentiment can be used to explain how an investor holding CoreCivic can time the market purely based on public headlines and social activities around CoreCivic. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CoreCivic's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CoreCivic's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CoreCivic's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CoreCivic.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CoreCivic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CoreCivic's short interest history, or implied volatility extrapolated from CoreCivic options trading.
Pair Trading with CoreCivic
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 CoreCivic 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 CoreCivic will appreciate offsetting losses from the drop in the long position's value.Moving together with CoreCivic Stock
0.74 | BV | BrightView Holdings Fiscal Year End 21st of November 2024 | PairCorr |
0.72 | MG | Mistras Group Downward Rally | PairCorr |
Moving against CoreCivic Stock
0.61 | SMX | SMX Public Limited | PairCorr |
0.47 | FA | First Advantage Corp | PairCorr |
0.43 | DLHC | DLH Holdings Corp Potential Growth | PairCorr |
The ability to find closely correlated positions to CoreCivic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CoreCivic 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 CoreCivic - 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 CoreCivic to buy it.
The correlation of CoreCivic 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 CoreCivic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CoreCivic 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 CoreCivic 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 CoreCivic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy CoreCivic Stock please use our How to Invest in CoreCivic guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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When running CoreCivic's price analysis, check to measure CoreCivic'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 CoreCivic is operating at the current time. Most of CoreCivic's value examination focuses on studying past and present price action to predict the probability of CoreCivic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoreCivic's price. Additionally, you may evaluate how the addition of CoreCivic to your portfolios can decrease your overall portfolio volatility.
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Is CoreCivic'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 CoreCivic. If investors know CoreCivic 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 CoreCivic 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 (0.26) | Earnings Share 0.56 | Revenue Per Share 17.126 | Quarterly Revenue Growth 0.093 | Return On Assets 0.0381 |
The market value of CoreCivic is measured differently than its book value, which is the value of CoreCivic that is recorded on the company's balance sheet. Investors also form their own opinion of CoreCivic's value that differs from its market value or its book value, called intrinsic value, which is CoreCivic'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 CoreCivic's market value can be influenced by many factors that don't directly affect CoreCivic'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 CoreCivic's value and its price as these two are different measures arrived at by different means. Investors typically determine if CoreCivic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CoreCivic'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.