Cano Profit Margin vs Total Assets Analysis
| CANO Stock | USD 0.24 0.01 4.35% |
Cano Health financial indicator trend analysis is way more than just evaluating Cano Health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cano Health is a good investment. Please check the relationship between Cano Health Net Profit Margin and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Net Profit Margin vs Total Assets
Profit Margin vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cano Health Profit Margin account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Cano Health's Profit Margin and Total Assets is -0.68. Overlapping area represents the amount of variation of Profit Margin that can explain the historical movement of Total Assets in the same time period over historical financial statements of Cano Health, assuming nothing else is changed. The correlation between historical values of Cano Health's Profit Margin and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Profit Margin of Cano Health are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Profit Margin i.e., Cano Health's Profit Margin and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.68 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Profit Margin
The percentage of revenue left after all expenses have been deducted from sales. The measure is calculated by dividing net profit by revenue.Total Assets
Total assets refers to the total amount of Cano Health assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cano Health books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Cano Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cano Health 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. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Cano Health's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 25th of April 2024, Enterprise Value Over EBITDA is likely to grow to 1,435, though Tax Provision is likely to grow to (475.9 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 49.4M | 90.6M | 104.2M | 109.4M | Interest Income | 4K | 14K | 364K | 382.2K |
Cano Health fundamental ratios Correlations
Click cells to compare fundamentals
Cano Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cano Health fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 73.5M | 28.8M | 62.9M | 67.8M | 78.0M | 51.7M | |
| Total Current Liabilities | 86.2M | 67.2M | 161.0M | 208.4M | 239.7M | 251.7M | |
| Other Liab | 7.4M | 38.2M | 142.2M | 58.7M | 67.5M | 59.2M | |
| Net Tangible Assets | (119.6M) | 574.7M | (450.9M) | (227.7M) | (205.0M) | (194.7M) | |
| Retained Earnings | (25.0M) | (107.8M) | (78.8M) | (286.0M) | (257.4M) | (244.6M) | |
| Accounts Payable | 12.6M | 31.4M | 72.8M | 105.7M | 121.6M | 127.7M | |
| Other Assets | 6.3M | 0.0 | 13.6M | 4.8M | 5.5M | 6.6M | |
| Net Receivables | 49.3M | 67.4M | 133.4M | 233.8M | 268.9M | 282.3M | |
| Inventory | 646K | 922K | 1.1M | 1.0 | 0.9 | 0.86 | |
| Other Stockholder Equity | (130K) | (660.3M) | (48K) | 2.3M | 2.7M | 2.8M | |
| Total Current Assets | 82.9M | 111.0M | 317.2M | 340.7M | 391.9M | 411.5M | |
| Common Stock | 123.2M | 660.2M | 48K | 49K | 44.1K | 41.9K | |
| Property Plant Equipment | 19.2M | 38.1M | 85.3M | 309.2M | 355.6M | 373.4M |
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 Cano Health 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, Cano Health's short interest history, or implied volatility extrapolated from Cano Health options trading.
Pair Trading with Cano Health
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 Cano Health 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 Cano Health will appreciate offsetting losses from the drop in the long position's value.Moving against Cano Stock
| 0.94 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.89 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.87 | CAT | Caterpillar Earnings Call Today | PairCorr |
| 0.84 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.82 | CICHF | China Construction Bank | PairCorr |
The ability to find closely correlated positions to Cano Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cano Health 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 Cano Health - 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 Cano Health to buy it.
The correlation of Cano Health 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 Cano Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cano Health 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 Cano Health 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. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Cano Health's price analysis, check to measure Cano Health'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 Cano Health is operating at the current time. Most of Cano Health's value examination focuses on studying past and present price action to predict the probability of Cano Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cano Health's price. Additionally, you may evaluate how the addition of Cano Health to your portfolios can decrease your overall portfolio volatility.
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Is Cano Health'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 Cano Health. If investors know Cano 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 Cano Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (228.47) | Revenue Per Share 1.2 K | Quarterly Revenue Growth 0.185 | Return On Assets (0.14) | Return On Equity (4.29) |
The market value of Cano Health is measured differently than its book value, which is the value of Cano that is recorded on the company's balance sheet. Investors also form their own opinion of Cano Health's value that differs from its market value or its book value, called intrinsic value, which is Cano Health'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 Cano Health's market value can be influenced by many factors that don't directly affect Cano Health'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 Cano Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cano Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cano Health'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.