CVRx Current Ratio from 2010 to 2024
| CVRX Stock | USD 9.22 0.74 8.73% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 14.25356053 | Current Value 10.63 | Quarterly Volatility 6.60914883 |
Check CVRx financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CVRx main balance sheet or income statement drivers, such as Tax Provision of 108.7 K, Depreciation And Amortization of 548.1 K or Interest Expense of 1.3 M, as well as many exotic indicators such as Price To Sales Ratio of 15.78, Dividend Yield of 0.0 or PTB Ratio of 9.02. CVRx financial statements analysis is a perfect complement when working with CVRx Valuation or Volatility modules.
CVRx | Current Ratio |
Latest CVRx's Current Ratio Growth Pattern
Below is the plot of the Current Ratio of CVRx Inc over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. CVRx's Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CVRx's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 16.82 X | 10 Years Trend |
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Current Ratio |
| Timeline |
CVRx Current Ratio Regression Statistics
| Arithmetic Mean | 7.15 | |
| Geometric Mean | 5.36 | |
| Coefficient Of Variation | 92.41 | |
| Mean Deviation | 5.06 | |
| Median | 3.36 | |
| Standard Deviation | 6.61 | |
| Sample Variance | 43.68 | |
| Range | 22.2192 | |
| R-Value | 0.67 | |
| Mean Square Error | 25.73 | |
| R-Squared | 0.45 | |
| Significance | 0.01 | |
| Slope | 0.99 | |
| Total Sum of Squares | 611.53 |
CVRx Current Ratio History
About CVRx Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include CVRx income statement, its balance sheet, and the statement of cash flows. CVRx investors use historical funamental indicators, such as CVRx's Current Ratio, to determine how well the company is positioned to perform in the future. Although CVRx investors may use each financial statement separately, they are all related. The changes in CVRx's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CVRx'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 CVRx Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CVRx. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 14.25 | 10.63 |
Pair Trading with CVRx
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 CVRx 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 CVRx will appreciate offsetting losses from the drop in the long position's value.Moving together with CVRx Stock
| 0.78 | DH | Definitive Healthcare | PairCorr |
| 0.67 | GH | Guardant Health Earnings Call This Week | PairCorr |
| 0.84 | LH | Laboratory | PairCorr |
Moving against CVRx Stock
| 0.73 | EUDA | EUDA Health Holdings | PairCorr |
| 0.68 | ESTA | Establishment Labs Earnings Call This Week | PairCorr |
| 0.61 | ELMD | Electromed Earnings Call This Week | PairCorr |
| 0.6 | CI | Cigna Corp | PairCorr |
| 0.47 | EDAP | EDAP TMS SA Financial Report 15th of May 2024 | PairCorr |
The ability to find closely correlated positions to CVRx could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVRx 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 CVRx - 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 CVRx Inc to buy it.
The correlation of CVRx 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 CVRx moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVRx 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 CVRx 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 CVRx Correlation against competitors. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for CVRx Stock analysis
When running CVRx's price analysis, check to measure CVRx'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 CVRx is operating at the current time. Most of CVRx's value examination focuses on studying past and present price action to predict the probability of CVRx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVRx's price. Additionally, you may evaluate how the addition of CVRx to your portfolios can decrease your overall portfolio volatility.
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Is CVRx'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 CVRx. If investors know CVRx 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 CVRx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.48) | Revenue Per Share 2.015 | Quarterly Revenue Growth 0.35 | Return On Assets (0.29) | Return On Equity (0.63) |
The market value of CVRx Inc is measured differently than its book value, which is the value of CVRx that is recorded on the company's balance sheet. Investors also form their own opinion of CVRx's value that differs from its market value or its book value, called intrinsic value, which is CVRx'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 CVRx's market value can be influenced by many factors that don't directly affect CVRx'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 CVRx's value and its price as these two are different measures arrived at by different means. Investors typically determine if CVRx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVRx'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.