RadNet Non Currrent Assets Other from 2010 to 2024
| RDNT Stock | USD 59.41 0.87 1.49% |
Non Currrent Assets Other | First Reported 1996-03-31 | Previous Quarter 48 M | Current Value 55 M | Quarterly Volatility 22.5 M |
Check RadNet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among RadNet main balance sheet or income statement drivers, such as Depreciation And Amortization of 199 M, Interest Expense of 36.6 M or Total Revenue of 1.7 B, as well as many exotic indicators such as Price To Sales Ratio of 1.44, Dividend Yield of 0.0 or PTB Ratio of 3.68. RadNet financial statements analysis is a perfect complement when working with RadNet Valuation or Volatility modules.
RadNet | Non Currrent Assets Other |
Latest RadNet's Non Currrent Assets Other Growth Pattern
Below is the plot of the Non Currrent Assets Other of RadNet Inc over the last few years. It is assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents. RadNet's Non Currrent Assets Other historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in RadNet's overall financial position and show how it may be relating to other accounts over time.
| Non Currrent Assets Other | 10 Years Trend |
|
Non Currrent Assets Other |
| Timeline |
RadNet Non Currrent Assets Other Regression Statistics
| Arithmetic Mean | 10,484,189 | |
| Coefficient Of Variation | 477.45 | |
| Mean Deviation | 24,783,352 | |
| Median | 12,385,000 | |
| Standard Deviation | 50,056,946 | |
| Sample Variance | 2505.7T | |
| Range | 211.2M | |
| R-Value | (0.02) | |
| Mean Square Error | 2697T | |
| R-Squared | 0.0005 | |
| Significance | 0.94 | |
| Slope | (258,024) | |
| Total Sum of Squares | 35079.8T |
RadNet Non Currrent Assets Other History
About RadNet Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include RadNet income statement, its balance sheet, and the statement of cash flows. RadNet investors use historical funamental indicators, such as RadNet's Non Currrent Assets Other, to determine how well the company is positioned to perform in the future. Although RadNet investors may use each financial statement separately, they are all related. The changes in RadNet's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on RadNet'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 RadNet Financial Statements. Understanding these patterns can help to make the right decision on long term investment in RadNet. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Non Currrent Assets Other | 48 M | 50.4 M |
Pair Trading with RadNet
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 RadNet 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 RadNet will appreciate offsetting losses from the drop in the long position's value.Moving together with RadNet Stock
| 0.69 | GH | Guardant Health Earnings Call Today | PairCorr |
Moving against RadNet Stock
| 0.84 | SSY | SunLink Health Systems | PairCorr |
| 0.79 | CVS | CVS Health Corp | PairCorr |
| 0.78 | CAH | Cardinal Health Fiscal Year End 20th of August 2024 | PairCorr |
| 0.76 | NAOV | NanoVibronix | PairCorr |
| 0.74 | HSCS | Heart Test Laboratories | PairCorr |
The ability to find closely correlated positions to RadNet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RadNet 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 RadNet - 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 RadNet Inc to buy it.
The correlation of RadNet 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 RadNet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RadNet 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 RadNet 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 RadNet Correlation against competitors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for RadNet Stock analysis
When running RadNet's price analysis, check to measure RadNet'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 RadNet is operating at the current time. Most of RadNet's value examination focuses on studying past and present price action to predict the probability of RadNet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RadNet's price. Additionally, you may evaluate how the addition of RadNet to your portfolios can decrease your overall portfolio volatility.
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Is RadNet'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 RadNet. If investors know RadNet 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 RadNet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 24 | Earnings Share 0.37 | Revenue Per Share 24.936 | Quarterly Revenue Growth 0.105 | Return On Assets 0.0235 |
The market value of RadNet Inc is measured differently than its book value, which is the value of RadNet that is recorded on the company's balance sheet. Investors also form their own opinion of RadNet's value that differs from its market value or its book value, called intrinsic value, which is RadNet'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 RadNet's market value can be influenced by many factors that don't directly affect RadNet'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 RadNet's value and its price as these two are different measures arrived at by different means. Investors typically determine if RadNet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RadNet'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.