Aclaris Total Current Assets vs Cash And Short Term Investments Analysis

ACRS Stock

USD 1.34 0.03 2.29%

Aclaris Therapeutics financial indicator trend analysis is way more than just evaluating Aclaris Therapeutics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aclaris Therapeutics is a good investment. Please check the relationship between Aclaris Therapeutics Total Current Assets and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aclaris Therapeutics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Aclaris Stock please use our How to Invest in Aclaris Therapeutics guide.

Total Current Assets vs Cash And Short Term Investments

Total Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aclaris Therapeutics Total Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.

The correlation between Aclaris Therapeutics' Total Current Assets and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Aclaris Therapeutics, assuming nothing else is changed. The correlation between historical values of Aclaris Therapeutics' Total Current Assets and Cash 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 Total Current Assets of Aclaris Therapeutics are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., Aclaris Therapeutics' Total Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Aclaris Therapeutics balance sheet. This account contains Aclaris Therapeutics investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Aclaris Therapeutics 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.

Most indicators from Aclaris Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aclaris Therapeutics 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aclaris Therapeutics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Aclaris Stock please use our How to Invest in Aclaris Therapeutics guide.Discontinued Operations is likely to gain to about 167.8 K in 2024, whereas Selling General Administrative is likely to drop slightly above 21.3 M in 2024.

Aclaris Therapeutics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Property Plant Equipment	Net Tangible Assets	Non Currrent Assets Other	Other Assets	Deferred Long Term Liab	Long Term Investments
Total Assets		0.78	0.79	0.99	0.58	0.68	-0.48	-0.62	0.86	0.54	0.74	0.96	0.7	0.94	-0.04	0.84	0.79	0.51	0.78	0.97	0.28	0.97	-0.1	0.44	0.59	0.49
Other Current Liab	0.78		0.68	0.73	0.33	0.76	-0.29	-0.49	0.83	0.39	0.62	0.7	0.54	0.66	0.21	0.6	0.61	0.61	0.62	0.74	0.37	0.66	0.01	0.1	0.66	0.06
Total Current Liabilities	0.79	0.68		0.72	0.67	0.79	-0.24	-0.86	0.94	0.31	0.8	0.66	0.91	0.61	0.03	0.8	0.93	0.69	0.89	0.69	0.57	0.77	0.27	0.38	0.93	0.46
Total Stockholder Equity	0.99	0.73	0.72		0.52	0.64	-0.53	-0.56	0.79	0.58	0.68	0.97	0.64	0.95	-0.17	0.78	0.74	0.36	0.71	0.98	0.26	0.98	-0.19	0.39	0.51	0.5
Other Liab	0.58	0.33	0.67	0.52		0.22	-0.11	-0.9	0.53	0.12	0.61	0.55	0.82	0.54	0.04	0.81	0.8	0.55	0.9	0.55	0.08	0.62	0.24	0.29	0.51	0.79
Property Plant And Equipment Net	0.68	0.76	0.79	0.64	0.22		-0.37	-0.49	0.89	0.5	0.79	0.51	0.5	0.48	0.02	0.44	0.58	0.55	0.61	0.56	0.66	0.59	0.25	0.23	0.81	0.11
Net Debt	-0.48	-0.29	-0.24	-0.53	-0.11	-0.37		0.13	-0.34	-0.99	-0.23	-0.51	-0.21	-0.58	0.32	-0.28	-0.26	0.07	-0.21	-0.52	-0.26	-0.48	-0.06	0.07	-0.05	-0.14
Retained Earnings	-0.62	-0.49	-0.86	-0.56	-0.9	-0.49	0.13		-0.73	-0.17	-0.65	-0.56	-0.94	-0.52	0.01	-0.81	-0.93	-0.62	-0.92	-0.57	-0.42	-0.63	-0.31	-0.29	-0.8	-0.64
Accounts Payable	0.86	0.83	0.94	0.79	0.53	0.89	-0.34	-0.73		0.43	0.81	0.74	0.78	0.7	0.12	0.77	0.84	0.72	0.83	0.77	0.61	0.77	0.25	0.41	0.9	0.3
Cash	0.54	0.39	0.31	0.58	0.12	0.5	-0.99	-0.17	0.43		0.34	0.54	0.24	0.6	-0.28	0.3	0.3	0.01	0.27	0.55	0.29	0.52	0.09	-0.05	0.14	0.13
Non Current Assets Total	0.74	0.62	0.8	0.68	0.61	0.79	-0.23	-0.65	0.81	0.34		0.56	0.6	0.53	0.07	0.61	0.65	0.64	0.85	0.59	0.28	0.7	0.26	0.35	0.69	0.55
Cash And Short Term Investments	0.96	0.7	0.66	0.97	0.55	0.51	-0.51	-0.56	0.74	0.54	0.56		0.64	0.99	-0.08	0.83	0.74	0.39	0.69	1.0	0.21	0.93	-0.21	0.46	0.45	0.48
Common Stock Shares Outstanding	0.7	0.54	0.91	0.64	0.82	0.5	-0.21	-0.94	0.78	0.24	0.6	0.64		0.61	0.07	0.89	0.98	0.66	0.87	0.66	0.39	0.71	0.25	0.35	0.8	0.54
Short Term Investments	0.94	0.66	0.61	0.95	0.54	0.48	-0.58	-0.52	0.7	0.6	0.53	0.99	0.61		-0.08	0.82	0.7	0.35	0.66	0.98	0.18	0.91	-0.14	0.44	0.38	0.44
Non Current Liabilities Total	-0.04	0.21	0.03	-0.17	0.04	0.02	0.32	0.01	0.12	-0.28	0.07	-0.08	0.07	-0.08		0.21	0.0	0.72	0.08	-0.1	-0.27	-0.22	0.4	0.36	0.12	-0.38
Other Current Assets	0.84	0.6	0.8	0.78	0.81	0.44	-0.28	-0.81	0.77	0.3	0.61	0.83	0.89	0.82	0.21		0.91	0.69	0.86	0.82	0.21	0.8	0.22	0.55	0.64	0.49
Other Stockholder Equity	0.79	0.61	0.93	0.74	0.8	0.58	-0.26	-0.93	0.84	0.3	0.65	0.74	0.98	0.7	0.0	0.91		0.63	0.89	0.75	0.42	0.8	0.2	0.39	0.82	0.54
Total Liab	0.51	0.61	0.69	0.36	0.55	0.55	0.07	-0.62	0.72	0.01	0.64	0.39	0.66	0.35	0.72	0.69	0.63		0.71	0.39	0.19	0.36	0.49	0.49	0.71	0.12
Property Plant And Equipment Gross	0.78	0.62	0.89	0.71	0.9	0.61	-0.21	-0.92	0.83	0.27	0.85	0.69	0.87	0.66	0.08	0.86	0.89	0.71		0.7	0.35	0.76	0.29	0.36	0.77	0.67
Total Current Assets	0.97	0.74	0.69	0.98	0.55	0.56	-0.52	-0.57	0.77	0.55	0.59	1.0	0.66	0.98	-0.1	0.82	0.75	0.39	0.7		0.25	0.95	-0.21	0.41	0.48	0.48
Property Plant Equipment	0.28	0.37	0.57	0.26	0.08	0.66	-0.26	-0.42	0.61	0.29	0.28	0.21	0.39	0.18	-0.27	0.21	0.42	0.19	0.35	0.25		0.24	0.28	0.04	0.7	-0.01
Net Tangible Assets	0.97	0.66	0.77	0.98	0.62	0.59	-0.48	-0.63	0.77	0.52	0.7	0.93	0.71	0.91	-0.22	0.8	0.8	0.36	0.76	0.95	0.24		-0.19	0.35	0.53	0.62
Non Currrent Assets Other	-0.1	0.01	0.27	-0.19	0.24	0.25	-0.06	-0.31	0.25	0.09	0.26	-0.21	0.25	-0.14	0.4	0.22	0.2	0.49	0.29	-0.21	0.28	-0.19		0.17	0.39	-0.2
Other Assets	0.44	0.1	0.38	0.39	0.29	0.23	0.07	-0.29	0.41	-0.05	0.35	0.46	0.35	0.44	0.36	0.55	0.39	0.49	0.36	0.41	0.04	0.35	0.17		0.34	0.17
Deferred Long Term Liab	0.59	0.66	0.93	0.51	0.51	0.81	-0.05	-0.8	0.9	0.14	0.69	0.45	0.8	0.38	0.12	0.64	0.82	0.71	0.77	0.48	0.7	0.53	0.39	0.34		0.22
Long Term Investments	0.49	0.06	0.46	0.5	0.79	0.11	-0.14	-0.64	0.3	0.13	0.55	0.48	0.54	0.44	-0.38	0.49	0.54	0.12	0.67	0.48	-0.01	0.62	-0.2	0.17	0.22

Click cells to compare fundamentals

Aclaris Therapeutics Account Relationship Matchups

Aclaris Therapeutics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	98.3M	70.8M	251.2M	254.6M	197.4M	169.3M
Other Current Liab	12.0M	4.2M	3.1M	2.2M	10.9M	4.4M
Total Current Liabilities	22.4M	14.9M	22.9M	21.9M	31.0M	16.3M
Total Stockholder Equity	69.9M	37.7M	197.3M	197.6M	157.2M	133.2M
Other Liab	2.4M	7.6M	28.8M	33.5M	38.5M	40.4M
Property Plant And Equipment Net	2.5M	1.7M	1.3M	1.1M	1.6M	1.6M
Net Debt	(35.3M)	(42.9M)	(26.7M)	(44.6M)	(39.5M)	(41.4M)
Retained Earnings	(453.5M)	(504.5M)	(595.4M)	(682.3M)	(770.8M)	(732.3M)
Accounts Payable	9.9M	5.3M	10.0M	10.4M	8.9M	7.2M
Cash	35.9M	54.1M	27.3M	45.3M	39.9M	52.9M
Non Current Assets Total	14.5M	13.3M	46.2M	23.0M	68.5M	72.0M
Cash And Short Term Investments	75.0M	54.1M	225.7M	229.8M	119.1M	137.6M
Common Stock Shares Outstanding	41.3M	42.5M	56.7M	65.2M	69.8M	38.5M
Short Term Investments	39.1M	32.1M	164.1M	172.3M	79.2M	96.3M
Liabilities And Stockholders Equity	98.3M	70.8M	251.2M	254.6M	197.4M	169.3M
Non Current Liabilities Total	6.0M	18.3M	30.9M	35.0M	9.3M	8.8M
Other Current Assets	3.1M	2.6M	13.0M	13.5M	9.5M	5.7M
Other Stockholder Equity	523.5M	542.3M	793.0M	880.8M	928.1M	495.6M
Total Liab	28.4M	33.1M	53.9M	57.0M	40.2M	36.1M
Property Plant And Equipment Gross	2.5M	1.7M	4.7M	5.1M	5.8M	6.1M
Total Current Assets	83.8M	57.5M	205.0M	231.6M	128.9M	139.1M
Accumulated Other Comprehensive Income	(66K)	(94K)	(224K)	(897K)	(106K)	(111.3K)
Property Plant Equipment	7.2M	1.7M	1.3M	1.1M	1.3M	1.9M
Net Tangible Assets	62.7M	30.5M	190.3M	190.6M	219.2M	135.0M
Non Currrent Assets Other	4.8M	4.5M	3.6M	(630K)	1.7M	1.8M
Other Assets	92K	4.5M	251.2M	1.7M	2.0M	1.9M
Net Receivables	704K	772K	623K	484K	298K	283.1K
Retained Earnings Total Equity	(453.5M)	(504.5M)	(595.4M)	(682.3M)	(614.1M)	(583.4M)
Capital Surpluse	523.5M	542.3M	793.0M	880.8M	1.0B	553.9M
Inventory	791K	5.0M	(34.2M)	(12.2M)	(11.0M)	(10.5M)
Intangible Assets	7.2M	7.1M	7.0M	7.0M	269K	255.6K
Non Current Liabilities Other	5.4M	7.2M	30.6M	34.7M	9.3M	13.1M
Short Long Term Debt Total	637K	11.3M	693K	684K	426K	404.7K
Capital Lease Obligations	637K	603K	693K	684K	426K	594.9K
Net Invested Capital	69.9M	48.3M	197.3M	197.6M	157.2M	130.4M
Net Working Capital	61.4M	42.6M	182.1M	209.6M	97.9M	106.7M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aclaris Therapeutics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aclaris Therapeutics' short interest history, or implied volatility extrapolated from Aclaris Therapeutics options trading.

Pair Trading with Aclaris Therapeutics

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 Aclaris Therapeutics 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 Aclaris Therapeutics will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Aclaris Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aclaris Therapeutics 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 Aclaris Therapeutics - 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 Aclaris Therapeutics to buy it.

The correlation of Aclaris Therapeutics 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 Aclaris Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aclaris Therapeutics 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 Aclaris Therapeutics 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.

Pair Correlation Correlation Matching

When determining whether Aclaris Therapeutics is a strong investment it is important to analyze Aclaris Therapeutics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Aclaris Therapeutics' future performance. For an informed investment choice regarding Aclaris Stock, refer to the following important reports:

How To Invest In Aclaris

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Is Aclaris Stock a good investment?

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What is Aclaris Therapeutics' Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aclaris Therapeutics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Aclaris Stock please use our How to Invest in Aclaris Therapeutics guide.

You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for Aclaris Stock analysis

When running Aclaris Therapeutics' price analysis, check to measure Aclaris Therapeutics' 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 Aclaris Therapeutics is operating at the current time. Most of Aclaris Therapeutics' value examination focuses on studying past and present price action to predict the probability of Aclaris Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aclaris Therapeutics' price. Additionally, you may evaluate how the addition of Aclaris Therapeutics to your portfolios can decrease your overall portfolio volatility.

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Is Aclaris Therapeutics' 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 Aclaris Therapeutics. If investors know Aclaris 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 Aclaris Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.27)

Revenue Per Share

0.439

Quarterly Revenue Growth

(0.05)

Return On Assets

(0.33)

Return On Equity

(0.50)

The market value of Aclaris Therapeutics is measured differently than its book value, which is the value of Aclaris that is recorded on the company's balance sheet. Investors also form their own opinion of Aclaris Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Aclaris Therapeutics' 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 Aclaris Therapeutics' market value can be influenced by many factors that don't directly affect Aclaris Therapeutics' 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 Aclaris Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aclaris Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aclaris Therapeutics' 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.

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Aclaris Total Current Assets vs Cash And Short Term Investments Analysis

Total Current Assets vs Cash And Short Term Investments

Total Current Assets vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Total Current Assets

Cash And Short Term Investments

Aclaris Therapeutics fundamental ratios Correlations

Aclaris Therapeutics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aclaris Therapeutics fundamental ratios Accounts

Pair Trading with Aclaris Therapeutics

Complementary Tools for Aclaris Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Stockholder Equity	+ 0.99	Total Assets
Short Term Investments	+ 0.99	Cash And Short Term Investments
Total Current Assets	+ 0.98	Total Stockholder Equity
Net Tangible Assets	+ 0.98	Total Stockholder Equity
Other Stockholder Equity	+ 0.98	Common Stock Shares Outstanding

Cash	- 0.99	Net Debt
Common Stock Shares Outstanding	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.93	Retained Earnings
Property Plant And Equipment Gross	- 0.92	Retained Earnings
Retained Earnings	- 0.9	Other Liab
Retained Earnings	- 0.86	Total Current Liabilities