Cano Tangible Asset Value vs Free Cash Flow per Share 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 Tangible Asset Value and its Free Cash Flow Per Share 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.
Tangible Asset Value vs Free Cash Flow Per Share
Tangible Asset Value vs Free Cash Flow per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cano Health Tangible Asset Value account and Free Cash Flow per Share. At this time, the significance of the direction appears to have no relationship.
The correlation between Cano Health's Tangible Asset Value and Free Cash Flow per Share is 0.0. Overlapping area represents the amount of variation of Tangible Asset Value that can explain the historical movement of Free Cash Flow per Share 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 Tangible Asset Value and Free Cash Flow per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tangible Asset Value of Cano Health are associated (or correlated) with its Free Cash Flow per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow per Share has no effect on the direction of Tangible Asset Value i.e., Cano Health's Tangible Asset Value and Free Cash Flow per Share go up and down completely randomly.
Correlation Coefficient | 0.0 |
| Relationship Direction | Flat |
| Relationship Strength | Insignificant |
Tangible Asset Value
The total value of a company's physical, tangible assets, excluding intangible assets like patents and trademarks.Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.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 23rd 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 |
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 together with Cano Stock
| 0.84 | GH | Guardant Health Upward Rally | PairCorr |
| 0.74 | FIGS | Figs Inc Financial Report 2nd of May 2024 | PairCorr |
Moving against Cano Stock
| 0.91 | WGS | GeneDx Holdings Corp Earnings Call This Week | PairCorr |
| 0.85 | RCM | R1 RCM Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.79 | HQY | HealthEquity Financial Report 3rd of June 2024 | PairCorr |
| 0.71 | DHR | Danaher Earnings Call Today | PairCorr |
| 0.54 | FORA | Forian Inc Financial Report 10th of May 2024 | 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Cano Stock analysis
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.