Cognex Non Current Assets Total vs Net Debt Analysis
CGNX Stock | USD 47.36 0.08 0.17% |
Cognex financial indicator trend analysis is way more than just evaluating Cognex prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cognex is a good investment. Please check the relationship between Cognex Non Current Assets Total and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cognex. 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. For more information on how to buy Cognex Stock please use our How to Invest in Cognex guide.
Non Current Assets Total vs Net Debt
Non Current Assets Total vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cognex Non Current Assets Total account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Cognex's Non Current Assets Total and Net Debt is 0.11. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Debt in the same time period over historical financial statements of Cognex, assuming nothing else is changed. The correlation between historical values of Cognex's Non Current Assets Total and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Cognex are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Current Assets Total i.e., Cognex's Non Current Assets Total and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.11 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
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.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Cognex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cognex 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 Cognex. 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. For more information on how to buy Cognex Stock please use our How to Invest in Cognex guide.At this time, Cognex's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 55.98 in 2024, despite the fact that Discontinued Operations is likely to grow to (218 K).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 759.8M | 721.9M | 601.2M | 631.3M | Total Revenue | 1.0B | 1.0B | 837.5M | 879.4M |
Cognex fundamental ratios Correlations
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Cognex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cognex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 1.8B | 2.0B | 2.0B | 2.0B | 2.1B | |
Other Current Liab | 72.9M | 86.6M | 58.7M | 58.5M | 89.3M | 93.7M | |
Total Current Liabilities | 163.1M | 132.3M | 238.7M | 228.1M | 151.9M | 159.5M | |
Total Stockholder Equity | 1.4B | 1.3B | 1.4B | 1.4B | 1.5B | 1.6B | |
Property Plant And Equipment Net | 107.0M | 101.8M | 100.7M | 117.4M | 181.0M | 190.0M | |
Net Debt | (827.4M) | (242.8M) | (881.8M) | (806.0M) | (124.1M) | (130.3M) | |
Retained Earnings | 753.3M | 487.9M | 562.9M | 528.2M | 512.5M | 357.8M | |
Accounts Payable | 70.1M | 16.3M | 136.5M | 120.3M | 21.5M | 27.8M | |
Cash | 845.4M | 269.1M | 907.4M | 854.3M | 202.7M | 259.9M | |
Non Current Assets Total | 876.9M | 1.2B | 852.8M | 856.0M | 1.3B | 1.4B | |
Non Currrent Assets Other | (396.0M) | 7.8M | (503.8M) | (377.8M) | 7.1M | 7.4M | |
Cash And Short Term Investments | 845.4M | 372.3M | 907.4M | 854.3M | 332.0M | 313.0M | |
Net Receivables | 103.4M | 131.3M | 130.3M | 125.4M | 116.6M | 122.4M | |
Common Stock Shares Outstanding | 175.3M | 176.6M | 179.9M | 174.9M | 173.4M | 186.3M | |
Liabilities And Stockholders Equity | 1.9B | 1.8B | 2.0B | 2.0B | 2.0B | 2.1B | |
Non Current Liabilities Total | 367.2M | 406.2M | 334.8M | 291.6M | 361.2M | 379.2M | |
Inventory | 60.3M | 60.8M | 113.1M | 122.5M | 162.3M | 170.4M | |
Other Current Assets | 272.1M | 37.2M | 210.2M | 67.5M | 68.1M | 68.1M | |
Other Stockholder Equity | 639.4M | 807.7M | 914.8M | 979.2M | 1.0B | 1.1B | |
Total Liab | 530.2M | 538.5M | 573.6M | 519.7M | 513.1M | 538.7M | |
Property Plant And Equipment Gross | 107.0M | 101.8M | 100.7M | 117.4M | 281.3M | 295.4M | |
Total Current Assets | 1.0B | 601.7M | 1.2B | 1.1B | 679.0M | 442.2M | |
Accumulated Other Comprehensive Income | (37.3M) | (33.8M) | (47.9M) | (69.3M) | (45.3M) | (43.1M) | |
Common Stock Total Equity | 342K | 345K | 352K | 351K | 396.8K | 416.6K | |
Short Term Investments | 240.5M | 103.2M | 137.5M | 218.8M | 129.4M | 172.6M | |
Common Stock | 342K | 345K | 352K | 351K | 343K | 191.9K | |
Other Liab | 397.4M | 388.1M | 367.2M | 300.7M | 345.9M | 363.1M | |
Other Assets | 455.4M | 860.2M | 425.8M | 413.9M | 476.0M | 499.8M | |
Intangible Assets | 39.5M | 15.6M | 11.9M | 12.4M | 113.0M | 118.6M | |
Property Plant Equipment | 89.4M | 79.2M | 77.5M | 79.7M | 91.7M | 50.6M | |
Current Deferred Revenue | 14.4M | 21.3M | 35.7M | 40.8M | 31.5M | 16.0M | |
Short Term Debt | 5.6M | 8.1M | 7.8M | 8.5M | 9.6M | 16.2M | |
Good Will | 243.4M | 244.1M | 241.7M | 242.6M | 393.2M | 412.8M | |
Net Tangible Assets | 1.1B | 1.0B | 1.2B | 1.2B | 1.4B | 912.3M | |
Retained Earnings Total Equity | 753.3M | 487.9M | 562.9M | 528.2M | 607.4M | 561.2M | |
Capital Surpluse | 639.4M | 807.7M | 914.8M | 979.2M | 1.1B | 1.2B | |
Deferred Long Term Liab | 332.3M | 315.0M | 293.8M | 250.0M | 287.5M | 301.8M | |
Long Term Investments | 433.5M | 395.1M | 583.7M | 454.1M | 244.2M | 364.7M | |
Non Current Liabilities Other | 77.4M | 91.3M | 91.2M | 82.1M | 299K | 284.1K |
Cognex Investors Sentiment
The influence of Cognex's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cognex. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cognex's public news can be used to forecast risks associated with an investment in Cognex. The trend in average sentiment can be used to explain how an investor holding Cognex can time the market purely based on public headlines and social activities around Cognex. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cognex's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cognex's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cognex's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cognex.
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 Cognex 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, Cognex's short interest history, or implied volatility extrapolated from Cognex options trading.
Pair Trading with Cognex
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 Cognex 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 Cognex will appreciate offsetting losses from the drop in the long position's value.Moving together with Cognex Stock
0.93 | ST | Sensata Technologies | PairCorr |
Moving against Cognex Stock
0.69 | WRAP | Wrap Technologies Earnings Call Tomorrow | PairCorr |
0.51 | FARO | FARO Technologies | PairCorr |
0.43 | FCUV | Focus Universal Earnings Call Tomorrow | PairCorr |
0.43 | FTV | Fortive Corp | PairCorr |
0.42 | TDY | Teledyne Technologies Financial Report 24th of July 2024 | PairCorr |
The ability to find closely correlated positions to Cognex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cognex 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 Cognex - 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 Cognex to buy it.
The correlation of Cognex 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 Cognex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cognex 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 Cognex 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 Cognex. 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. For more information on how to buy Cognex Stock please use our How to Invest in Cognex guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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When running Cognex's price analysis, check to measure Cognex'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 Cognex is operating at the current time. Most of Cognex's value examination focuses on studying past and present price action to predict the probability of Cognex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cognex's price. Additionally, you may evaluate how the addition of Cognex to your portfolios can decrease your overall portfolio volatility.
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Is Cognex'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 Cognex. If investors know Cognex 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 Cognex 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 (0.53) | Dividend Share 0.29 | Earnings Share 0.57 | Revenue Per Share 4.925 | Quarterly Revenue Growth 0.048 |
The market value of Cognex is measured differently than its book value, which is the value of Cognex that is recorded on the company's balance sheet. Investors also form their own opinion of Cognex's value that differs from its market value or its book value, called intrinsic value, which is Cognex'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 Cognex's market value can be influenced by many factors that don't directly affect Cognex'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 Cognex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cognex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cognex'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.