DermTech Cash And Short Term Investments vs Short Term Investments Analysis
DMTK Stock | USD 0.50 0.07 12.28% |
DermTech financial indicator trend analysis is much more than just examining DermTech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DermTech is a good investment. Please check the relationship between DermTech Cash And Short Term Investments and its Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DermTech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy DermTech Stock please use our How to buy in DermTech Stock guide.
Cash And Short Term Investments vs Short Term Investments
Cash And Short Term Investments vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DermTech Cash And Short Term Investments account and Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between DermTech's Cash And Short Term Investments and Short Term Investments is -0.1. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of DermTech, assuming nothing else is changed. The correlation between historical values of DermTech's Cash And Short Term Investments and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of DermTech are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash And Short Term Investments i.e., DermTech's Cash And Short Term Investments and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of DermTech balance sheet. This account contains DermTech investments that will expire within one year. These investments include stocks and bonds that can be liquidated by DermTech fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Short Term Investments
Short Term Investments is an item under the current assets section of DermTech balance sheet. It contains any investments DermTech undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that DermTech can easily liquidate in the marketplace.Most indicators from DermTech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DermTech 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 DermTech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy DermTech Stock please use our How to buy in DermTech Stock guide.Selling General Administrative is expected to rise to about 46 M this year, although the value of Issuance Of Capital Stock will most likely fall to about 5 M.
DermTech fundamental ratios Correlations
Click cells to compare fundamentals
DermTech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DermTech fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 18.2M | 69.8M | 248.3M | 202.1M | 121.9M | 82.3M | |
Other Current Liab | 2.7M | 2.8M | 6.3M | 11.4M | 8.7M | 9.1M | |
Total Current Liabilities | 5.7M | 5.4M | 12.2M | 15.6M | 13.4M | 14.1M | |
Total Stockholder Equity | 12.5M | 63.5M | 229.7M | 132.4M | 57.2M | 64.2M | |
Net Tangible Assets | 12.5M | 63.5M | 229.7M | 132.4M | 152.2M | 159.8M | |
Retained Earnings | (91.1M) | (126.4M) | (206.4M) | (323.0M) | (423.9M) | (402.7M) | |
Accounts Payable | 1.6M | 1.6M | 2.9M | 2.4M | 1.5M | 1.2M | |
Cash | 15.4M | 24.2M | 176.9M | 77.8M | 36.7M | 33.4M | |
Non Current Assets Total | 1.1M | 2.9M | 15.5M | 66.0M | 60.2M | 30.5M | |
Non Currrent Assets Other | 12.4M | 84K | 167K | 168K | 3.5M | 3.3M | |
Other Assets | 84K | 167K | 3.2M | 3.7M | 4.2M | 4.4M | |
Cash And Short Term Investments | 15.4M | 63.8M | 225.3M | 126.2M | 55.9M | 48.7M | |
Common Stock Total Equity | 4.1M | 1K | 2K | 3K | 2.7K | 2.6K | |
Common Stock Shares Outstanding | 7.0M | 17.0M | 28.9M | 30.0M | 32.6M | 34.3M | |
Short Term Investments | 12.4M | 39.5M | 48.4M | 48.4M | 19.1M | 18.2M | |
Liabilities And Stockholders Equity | 18.2M | 69.8M | 248.3M | 202.1M | 121.9M | 82.0M | |
Capital Surpluse | 103.6M | 189.8M | 436.2M | 456.2M | 524.6M | 550.8M | |
Inventory | 35K | 104K | 480K | 1.8M | 1.0M | 1.1M | |
Other Current Assets | 1.1M | 1.5M | 3.2M | 3.9M | 2.3M | 1.3M | |
Other Stockholder Equity | 103.6M | 120.1M | 436.2M | 456.2M | 480.9M | 505.0M | |
Total Liab | 5.7M | 6.3M | 18.6M | 69.7M | 64.8M | 68.0M | |
Property Plant And Equipment Gross | 977K | 2.7M | 12.3M | 6.4M | 60.5M | 63.5M | |
Total Current Assets | 17.2M | 66.9M | 232.8M | 136.0M | 61.8M | 51.8M | |
Accumulated Other Comprehensive Income | (239K) | (1K) | (124K) | (774K) | 178K | 186.9K | |
Common Stock | 4.1M | 1K | 2K | 3K | 2.7K | 2.6K | |
Property Plant Equipment | 977K | 2.7M | 12.3M | 6.4M | 7.3M | 7.7M | |
Net Debt | (15.4M) | (23.9M) | (169.0M) | (21.9M) | 17.7M | 18.5M | |
Net Invested Capital | 12.5M | 63.5M | 229.7M | 132.4M | 57.2M | 101.0M | |
Net Working Capital | 11.4M | 61.5M | 220.6M | 120.4M | 48.3M | 72.5M |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DermTech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy DermTech Stock please use our How to buy in DermTech Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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When running DermTech's price analysis, check to measure DermTech'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 DermTech is operating at the current time. Most of DermTech's value examination focuses on studying past and present price action to predict the probability of DermTech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DermTech's price. Additionally, you may evaluate how the addition of DermTech to your portfolios can decrease your overall portfolio volatility.
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Is DermTech'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 DermTech. If investors know DermTech 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 DermTech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.09) | Revenue Per Share 0.465 | Quarterly Revenue Growth 0.106 | Return On Assets (0.39) | Return On Equity (1.22) |
The market value of DermTech is measured differently than its book value, which is the value of DermTech that is recorded on the company's balance sheet. Investors also form their own opinion of DermTech's value that differs from its market value or its book value, called intrinsic value, which is DermTech'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 DermTech's market value can be influenced by many factors that don't directly affect DermTech'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 DermTech's value and its price as these two are different measures arrived at by different means. Investors typically determine if DermTech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DermTech'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.