Caredx Total Current Liabilities from 2010 to 2024
| CDNA Stock | USD 8.20 0.64 8.47% |
Total Current Liabilities | First Reported 2005-12-31 | Previous Quarter 72.7 M | Current Value 78.1 M | Quarterly Volatility 25.9 M |
Check Caredx financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Caredx main balance sheet or income statement drivers, such as Depreciation And Amortization of 20.8 M, Interest Expense of 3.7 M or Selling General Administrative of 123.8 M, as well as many exotic indicators such as Price To Sales Ratio of 4.25, Dividend Yield of 0.0021 or PTB Ratio of 2.59. Caredx financial statements analysis is a perfect complement when working with Caredx Valuation or Volatility modules.
Caredx | Total Current Liabilities |
Latest Caredx's Total Current Liabilities Growth Pattern
Below is the plot of the Total Current Liabilities of Caredx Inc over the last few years. Total Current Liabilities is an item on Caredx balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Caredx Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. It is the total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations. Caredx's Total Current Liabilities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Caredx's overall financial position and show how it may be relating to other accounts over time.
| Total Current Liabilities | 10 Years Trend |
|
Total Current Liabilities |
| Timeline |
Caredx Total Current Liabilities Regression Statistics
| Arithmetic Mean | 35,351,440 | |
| Geometric Mean | 23,531,652 | |
| Coefficient Of Variation | 80.32 | |
| Mean Deviation | 24,038,469 | |
| Median | 34,828,000 | |
| Standard Deviation | 28,392,798 | |
| Sample Variance | 806.2T | |
| Range | 71.6M | |
| R-Value | 0.85 | |
| Mean Square Error | 235.4T | |
| R-Squared | 0.73 | |
| Significance | 0.000051 | |
| Slope | 5,420,222 | |
| Total Sum of Squares | 11286.1T |
Caredx Total Current Liabilities History
About Caredx Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Caredx income statement, its balance sheet, and the statement of cash flows. Caredx investors use historical funamental indicators, such as Caredx's Total Current Liabilities, to determine how well the company is positioned to perform in the future. Although Caredx investors may use each financial statement separately, they are all related. The changes in Caredx's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Caredx's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Caredx Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Caredx. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Current Liabilities | 78.1 M | 43.4 M |
Pair Trading with Caredx
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 Caredx 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 Caredx will appreciate offsetting losses from the drop in the long position's value.Moving against Caredx Stock
| 0.46 | ACB | Aurora Cannabis Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Caredx could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caredx 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 Caredx - 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 Caredx Inc to buy it.
The correlation of Caredx 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 Caredx moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caredx Inc 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 Caredx 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 the analysis of Caredx Correlation against competitors. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Caredx Stock analysis
When running Caredx's price analysis, check to measure Caredx'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 Caredx is operating at the current time. Most of Caredx's value examination focuses on studying past and present price action to predict the probability of Caredx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caredx's price. Additionally, you may evaluate how the addition of Caredx to your portfolios can decrease your overall portfolio volatility.
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |
Is Caredx'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 Caredx. If investors know Caredx 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 Caredx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.54) | Revenue Per Share 5.214 | Quarterly Revenue Growth (0.20) | Return On Assets (0.13) | Return On Equity (0.55) |
The market value of Caredx Inc is measured differently than its book value, which is the value of Caredx that is recorded on the company's balance sheet. Investors also form their own opinion of Caredx's value that differs from its market value or its book value, called intrinsic value, which is Caredx'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 Caredx's market value can be influenced by many factors that don't directly affect Caredx'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 Caredx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caredx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caredx'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.