Journey Good Will vs Property Plant And Equipment Net Analysis
DERM Stock | USD 3.57 0.13 3.78% |
Journey Medical financial indicator trend analysis is infinitely more than just investigating Journey Medical Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Journey Medical Corp is a good investment. Please check the relationship between Journey Medical Good Will and its Property Plant And Equipment Net accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Journey Medical Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Good Will vs Property Plant And Equipment Net
Good Will vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Journey Medical Corp Good Will account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have very week relationship.
The correlation between Journey Medical's Good Will and Property Plant And Equipment Net is 0.24. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Journey Medical Corp, assuming nothing else is changed. The correlation between historical values of Journey Medical's Good Will and Property Plant And Equipment Net 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 Journey Medical Corp are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Good Will i.e., Journey Medical's Good Will and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Journey Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Journey Medical Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Journey Medical Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Journey Medical's Selling General Administrative is very stable compared to the past year. As of the 9th of May 2024, Sales General And Administrative To Revenue is likely to grow to 3.97, while Tax Provision is likely to drop about 102.6 K.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.0M | 2.0M | 1.7M | 1.6M | Depreciation And Amortization | 2K | 60K | 3.9M | 4.0M |
Journey Medical fundamental ratios Correlations
Click cells to compare fundamentals
Journey Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Journey Medical fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 33.9M | 51.9M | 97.3M | 105.2M | 76.8M | 73.0M | |
Short Long Term Debt Total | 5.3M | 5.4M | 910K | 23.0M | 17.7M | 16.8M | |
Other Current Liab | 18.8M | 4.5M | 4.5M | 22.2M | 20.4M | 20.8M | |
Total Current Liabilities | 20.9M | 28.1M | 51.6M | 66.8M | 41.9M | 46.9M | |
Total Stockholder Equity | 2.8M | 10.3M | 42.0M | 17.0M | 20.4M | 19.3M | |
Property Plant And Equipment Net | 1.2M | 89K | 175K | 189K | 101K | 96.0K | |
Net Debt | 502K | (2.8M) | (48.2M) | (9.0M) | (9.7M) | (10.2M) | |
Retained Earnings | (163K) | 5.1M | (38.9M) | (68.5M) | (72.4M) | (76.0M) | |
Accounts Payable | 2.0M | 1.8M | 22.8M | 36.6M | 18.3M | 15.5M | |
Cash | 4.8M | 8.2M | 49.1M | 32.0M | 27.4M | 26.1M | |
Non Current Assets Total | 8.6M | 16.7M | 12.8M | 27.5M | 20.4M | 16.4M | |
Non Currrent Assets Other | 656K | 3.0M | 6K | 150K | 95K | 5.7K | |
Cash And Short Term Investments | 4.8M | 8.2M | 49.1M | 32.0M | 27.4M | 26.1M | |
Net Receivables | 19.0M | 23.9M | 23.1M | 28.2M | 15.2M | 17.6M | |
Liabilities And Stockholders Equity | 33.9M | 51.9M | 97.3M | 105.2M | 76.8M | 73.0M | |
Non Current Liabilities Total | 10.2M | 13.6M | 3.6M | 21.3M | 14.6M | 13.9M | |
Other Current Assets | 655K | 1.7M | 2.4M | 3.3M | 3.6M | 3.2M | |
Other Stockholder Equity | 2.9M | 5.2M | 80.9M | 85.5M | 92.7M | 88.1M | |
Total Liab | 31.1M | 41.6M | 55.2M | 88.2M | 56.5M | 93.1M | |
Total Current Assets | 25.3M | 35.2M | 84.5M | 77.7M | 56.5M | 53.6M | |
Intangible Assets | 7.4M | 15.0M | 12.6M | 27.2M | 20.3M | 21.3M | |
Inventory | 857K | 1.4M | 9.9M | 14.2M | 10.2M | 8.2M |
Pair Trading with Journey Medical
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 Journey Medical 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 Journey Medical will appreciate offsetting losses from the drop in the long position's value.Moving against Journey Stock
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The ability to find closely correlated positions to Journey Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Journey Medical 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 Journey Medical - 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 Journey Medical Corp to buy it.
The correlation of Journey Medical 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 Journey Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Journey Medical Corp 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 Journey Medical 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Journey Medical Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Journey Stock analysis
When running Journey Medical's price analysis, check to measure Journey Medical'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 Journey Medical is operating at the current time. Most of Journey Medical's value examination focuses on studying past and present price action to predict the probability of Journey Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Journey Medical's price. Additionally, you may evaluate how the addition of Journey Medical to your portfolios can decrease your overall portfolio volatility.
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Is Journey Medical'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 Journey Medical. If investors know Journey 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 Journey Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.21) | Revenue Per Share 4.343 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0074 | Return On Equity (0.21) |
The market value of Journey Medical Corp is measured differently than its book value, which is the value of Journey that is recorded on the company's balance sheet. Investors also form their own opinion of Journey Medical's value that differs from its market value or its book value, called intrinsic value, which is Journey Medical'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 Journey Medical's market value can be influenced by many factors that don't directly affect Journey Medical'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 Journey Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Journey Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Journey Medical'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.