Aditxt Common Stock Total Equity vs Net Working Capital Analysis
| ADTX Stock | USD 2.39 0.14 5.53% |
Aditxt financial indicator trend analysis is way more than just evaluating Aditxt Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aditxt Inc is a good investment. Please check the relationship between Aditxt Common Stock Total Equity and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aditxt Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Common Stock Total Equity vs Net Working Capital
Common Stock Total Equity vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aditxt Inc Common Stock Total Equity account and Net Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Aditxt's Common Stock Total Equity and Net Working Capital is -0.09. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Aditxt Inc, assuming nothing else is changed. The correlation between historical values of Aditxt's Common Stock Total Equity and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Aditxt Inc are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Common Stock Total Equity i.e., Aditxt's Common Stock Total Equity and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.09 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Net Working Capital
Most indicators from Aditxt's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aditxt Inc 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 Aditxt Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. Issuance Of Capital Stock is likely to rise to about 14.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 11.9 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Income Tax Expense | 1.9M | 543.9K | 310.3K | 294.8K | Depreciation And Amortization | 479.3K | 652.3K | 542.6K | 515.5K |
Aditxt fundamental ratios Correlations
Click cells to compare fundamentals
Aditxt Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aditxt fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 123.5K | 13.1M | 16.7M | 10.7M | 44.6M | 46.8M | |
| Other Current Liab | 962.7K | 248.1K | 1.8M | 2.1M | 158.6K | 150.7K | |
| Total Current Liabilities | 3.0M | 1.2M | 3.6M | 3.6M | 25.9M | 27.2M | |
| Total Stockholder Equity | (2.9M) | 11.0M | 10.2M | 5.2M | 16.1M | 16.9M | |
| Net Tangible Assets | (2.9M) | 10.7M | 10.0M | 5.1M | 5.9M | 3.9M | |
| Net Debt | 161.5K | (8.7M) | (3.2M) | 613.2K | 18.1M | 19.0M | |
| Retained Earnings | (11.7M) | (20.9M) | (67.4M) | (95.0M) | (127.7M) | (121.4M) | |
| Accounts Payable | 1.8M | 241.6K | 1.6M | 2.0M | 8.6M | 9.0M | |
| Cash | 4.1K | 10.5M | 7.9M | 2.8M | 97.1K | 92.2K | |
| Non Current Assets Total | 119.4K | 2.1M | 7.2M | 6.0M | 37.7M | 39.5M | |
| Cash And Short Term Investments | 4.1K | 10.5M | 7.9M | 2.8M | 97.1K | 92.2K | |
| Common Stock Shares Outstanding | 2.6K | 6.5K | 9.5K | 46.4K | 302.4K | 287.2K | |
| Liabilities And Stockholders Equity | 123.5K | 13.1M | 16.7M | 10.7M | 44.6M | 46.8M | |
| Non Current Liabilities Total | 2.0M | 858.1K | 2.9M | 1.9M | 2.6M | 1.8M | |
| Other Stockholder Equity | 8.9M | 31.9M | 77.5M | 100.2M | 143.8M | 151.0M | |
| Total Liab | 3.0M | 2.1M | 6.5M | 5.5M | 28.5M | 30.0M | |
| Net Invested Capital | (2.7M) | 11.0M | 11.0M | 5.6M | 32.2M | 33.8M | |
| Total Current Assets | 4.1K | 11.0M | 9.4M | 4.7M | 6.9M | 5.1M | |
| Net Working Capital | (3.0M) | 9.8M | 5.8M | 1.1M | (19.0M) | (18.0M) | |
| Common Stock | 3.9K | 13.1K | 44.5K | 4.3K | 1.3K | 1.3K | |
| Short Long Term Debt Total | 165.6K | 1.8M | 4.7M | 3.4M | 18.2M | 19.1M | |
| Short Long Term Debt | 165.6K | 587.6K | 700.4K | 410.0K | 16.2M | 17.0M | |
| Capital Stock | 3.9K | 13.1K | 44.5K | 4.3K | 1.3K | 1.3K | |
| Short Term Debt | 165.6K | 978.8K | 1.8M | 1.5M | 17.2M | 18.0M |
Pair Trading with Aditxt
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 Aditxt 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 Aditxt will appreciate offsetting losses from the drop in the long position's value.Moving against Aditxt Stock
| 0.72 | ACB | Aurora Cannabis Sell-off Trend | PairCorr |
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| 0.65 | CGC | Canopy Growth Corp Financial Report 27th of June 2024 | PairCorr |
| 0.62 | HCWB | HCW Biologics | PairCorr |
| 0.55 | KRYS | Krystal Biotech Financial Report 13th of May 2024 | PairCorr |
The ability to find closely correlated positions to Aditxt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aditxt 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 Aditxt - 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 Aditxt Inc to buy it.
The correlation of Aditxt 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 Aditxt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aditxt 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 Aditxt 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aditxt Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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When running Aditxt's price analysis, check to measure Aditxt'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 Aditxt is operating at the current time. Most of Aditxt's value examination focuses on studying past and present price action to predict the probability of Aditxt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aditxt's price. Additionally, you may evaluate how the addition of Aditxt to your portfolios can decrease your overall portfolio volatility.
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Is Aditxt'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 Aditxt. If investors know Aditxt 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 Aditxt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (108.15) | Revenue Per Share 2.134 | Quarterly Revenue Growth (0.56) | Return On Assets (0.59) | Return On Equity (3.05) |
The market value of Aditxt Inc is measured differently than its book value, which is the value of Aditxt that is recorded on the company's balance sheet. Investors also form their own opinion of Aditxt's value that differs from its market value or its book value, called intrinsic value, which is Aditxt'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 Aditxt's market value can be influenced by many factors that don't directly affect Aditxt'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 Aditxt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aditxt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aditxt'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.