Calix Total Current Assets vs Non Current Assets Total Analysis

CALX Stock  USD 31.41  0.01  0.03%   
Calix financial indicator trend analysis is way more than just evaluating Calix Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Calix Inc is a good investment. Please check the relationship between Calix Total Current Assets and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calix 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 bureau of economic analysis.

Total Current Assets vs Non Current Assets Total

Total Current Assets vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Calix Inc Total Current Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Calix's Total Current Assets and Non Current Assets Total is 0.74. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Calix Inc, assuming nothing else is changed. The correlation between historical values of Calix's Total Current Assets and Non Current Assets Total 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 Calix Inc are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Assets i.e., Calix's Total Current Assets and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Calix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Calix 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 Calix 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 bureau of economic analysis.
At this time, Calix's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 10.5 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense402K2.0M9.7M10.2M
Depreciation And Amortization13.3M14.3M23.1M19.5M

Calix fundamental ratios Correlations

-0.670.90.620.920.570.620.23-0.480.60.460.470.80.820.980.950.720.420.530.570.92-0.210.980.890.55-0.04
-0.67-0.53-0.44-0.46-0.26-0.31-0.430.41-0.64-0.34-0.34-0.54-0.44-0.7-0.74-0.570.1-0.09-0.18-0.64-0.29-0.64-0.62-0.12-0.41
0.9-0.530.720.840.670.710.0-0.310.280.450.460.620.870.870.840.760.50.650.610.87-0.280.890.860.61-0.08
0.62-0.440.720.50.60.660.29-0.080.150.740.410.60.590.640.570.850.340.580.50.62-0.110.640.560.490.22
0.92-0.460.840.50.680.630.01-0.580.380.420.550.80.720.850.880.70.70.740.780.82-0.560.90.710.78-0.42
0.57-0.260.670.60.680.92-0.16-0.3-0.170.290.590.650.720.530.640.70.720.910.910.65-0.550.550.310.88-0.34
0.62-0.310.710.660.630.920.04-0.21-0.010.230.550.710.840.610.640.680.540.770.770.71-0.340.610.410.73-0.11
0.23-0.430.00.290.01-0.160.04-0.280.630.040.210.330.10.260.180.18-0.34-0.28-0.230.070.470.210.26-0.270.57
-0.480.41-0.31-0.08-0.58-0.3-0.21-0.28-0.29-0.1-0.82-0.41-0.22-0.33-0.55-0.23-0.42-0.34-0.45-0.280.39-0.48-0.26-0.460.37
0.6-0.640.280.150.38-0.17-0.010.63-0.290.140.00.520.290.640.540.21-0.25-0.25-0.160.470.40.570.66-0.190.42
0.46-0.340.450.740.420.290.230.04-0.10.140.260.420.150.470.440.640.290.420.40.47-0.220.520.350.410.03
0.47-0.340.460.410.550.590.550.21-0.820.00.260.460.450.350.550.430.480.560.610.35-0.410.50.220.62-0.27
0.8-0.540.620.60.80.650.710.33-0.410.520.420.460.660.80.770.760.490.610.690.75-0.310.780.550.65-0.1
0.82-0.440.870.590.720.720.840.1-0.220.290.150.450.660.810.780.60.340.550.540.83-0.120.80.750.510.04
0.98-0.70.870.640.850.530.610.26-0.330.640.470.350.80.810.930.710.290.450.490.94-0.080.940.880.460.1
0.95-0.740.840.570.880.640.640.18-0.550.540.440.550.770.780.930.660.370.530.610.94-0.190.940.790.57-0.03
0.72-0.570.760.850.70.70.680.18-0.230.210.640.430.760.60.710.660.560.720.70.65-0.330.70.590.68-0.04
0.420.10.50.340.70.720.54-0.34-0.42-0.250.290.480.490.340.290.370.560.920.890.34-0.940.410.190.92-0.81
0.53-0.090.650.580.740.910.77-0.28-0.34-0.250.420.560.610.550.450.530.720.920.970.54-0.810.530.260.98-0.6
0.57-0.180.610.50.780.910.77-0.23-0.45-0.160.40.610.690.540.490.610.70.890.970.58-0.810.570.230.99-0.62
0.92-0.640.870.620.820.650.710.07-0.280.470.470.350.750.830.940.940.650.340.540.58-0.140.910.790.540.04
-0.21-0.29-0.28-0.11-0.56-0.55-0.340.470.390.4-0.22-0.41-0.31-0.12-0.08-0.19-0.33-0.94-0.81-0.81-0.14-0.210.07-0.850.94
0.98-0.640.890.640.90.550.610.21-0.480.570.520.50.780.80.940.940.70.410.530.570.91-0.210.860.56-0.03
0.89-0.620.860.560.710.310.410.26-0.260.660.350.220.550.750.880.790.590.190.260.230.790.070.860.230.21
0.55-0.120.610.490.780.880.73-0.27-0.46-0.190.410.620.650.510.460.570.680.920.980.990.54-0.850.560.23-0.67
-0.04-0.41-0.080.22-0.42-0.34-0.110.570.370.420.03-0.27-0.10.040.1-0.03-0.04-0.81-0.6-0.620.040.94-0.030.21-0.67
Click cells to compare fundamentals

Calix Account Relationship Matchups

Calix fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets316.8M427.4M742.0M884.8M941.9M989.0M
Short Long Term Debt Total44.3M12.9M12.4M12.4M11.6M16.9M
Other Current Liab57.5M65.7M68.0M86.5M112.1M117.7M
Total Current Liabilities115.5M101.0M128.1M165.4M187.6M113.9M
Total Stockholder Equity154.0M280.3M568.4M679.6M719.0M754.9M
Other Liab32.0M33.0M33.1M31.4M36.1M21.7M
Property Plant And Equipment Net37.4M32.1M34.0M35.1M38.7M24.0M
Current Deferred Revenue17.2M19.2M27.5M33.5M36.7M19.6M
Net Debt(2.5M)(67.9M)(39.0M)(66.7M)(51.8M)(54.4M)
Retained Earnings(702.6M)(669.1M)(430.7M)(389.7M)(360.4M)(378.4M)
Accounts Payable10.8M13.1M29.1M41.4M34.7M25.0M
Cash46.8M80.8M51.3M79.1M63.4M54.7M
Non Current Assets Total173.0M160.5M332.8M337.5M343.9M194.6M
Non Currrent Assets Other19.4M12.2M13.7M19.1M21.3M22.4M
Other Assets7.3M12.2M182.6M181.9M209.2M219.7M
Cash And Short Term Investments46.8M133.8M204.3M241.7M220.3M231.4M
Net Receivables46.5M69.4M85.2M93.8M126.0M64.7M
Common Stock Total Equity1.5M1.6M1.6M1.6M1.9M1.3M
Common Stock Shares Outstanding55.0M62.0M67.9M68.9M69.3M49.3M
Liabilities And Stockholders Equity316.8M427.4M742.0M884.8M941.9M989.0M
Non Current Liabilities Total47.3M46.0M45.5M39.8M35.2M60.5M
Inventory40.2M52.3M88.9M149.2M133.0M139.6M
Other Current Assets9.7M11.4M30.8M62.7M118.6M124.5M
Other Stockholder Equity855.9M948.1M997.9M1.1B1.1B791.2M
Total Liab162.8M147.0M173.6M205.3M222.9M143.4M
Property Plant And Equipment Gross37.4M32.1M21.8M25.8M90.1M94.6M
Total Current Assets143.8M266.9M409.2M547.4M598.0M627.9M
Accumulated Other Comprehensive Income(854K)(191K)(320K)(2.5M)(659K)(692.0K)
Common Stock1.5M1.6M1.6M1.6M1.6M1.3M
Property Plant Equipment21.5M20.4M34.0M25.8M29.7M20.3M
Net Tangible Assets37.9M164.2M452.3M679.6M781.5M820.6M
Retained Earnings Total Equity(702.6M)(669.1M)(430.7M)(389.7M)(350.7M)(368.3M)
Capital Surpluse895.9M948.1M997.9M1.1B1.2B967.4M
Deferred Long Term Liab20.6M17.5M6.1M1.3M1.2M1.1M

Pair Trading with Calix

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

Moving together with Calix Stock

  0.74EXTR Extreme Networks Fiscal Year End 7th of August 2024 PairCorr

Moving against Calix Stock

  0.47MSI Motorola SolutionsPairCorr
The ability to find closely correlated positions to Calix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calix 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 Calix - 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 Calix Inc to buy it.
The correlation of Calix 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 Calix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calix 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 Calix 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 CorrelationCorrelation Matching
When determining whether Calix Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Calix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Calix Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Calix Inc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calix 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 bureau of economic analysis.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running Calix's price analysis, check to measure Calix'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 Calix is operating at the current time. Most of Calix's value examination focuses on studying past and present price action to predict the probability of Calix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calix's price. Additionally, you may evaluate how the addition of Calix to your portfolios can decrease your overall portfolio volatility.
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Is Calix'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 Calix. If investors know Calix 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 Calix 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
(0.99)
Earnings Share
0.28
Revenue Per Share
15.438
Quarterly Revenue Growth
(0.1)
Return On Assets
0.0093
The market value of Calix Inc is measured differently than its book value, which is the value of Calix that is recorded on the company's balance sheet. Investors also form their own opinion of Calix's value that differs from its market value or its book value, called intrinsic value, which is Calix'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 Calix's market value can be influenced by many factors that don't directly affect Calix'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 Calix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calix'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.