Most accounts from Edwards Lifesciences balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Edwards Lifesciences current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Additionally see Edwards Lifesciences Valuation and Edwards Lifesciences Correlation analysis.
Correlation analysis and pair trading evaluation for Edwards Lifesciences and Digirad. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return