Cognex Non Current Liabilities Total vs Total Assets 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 Liabilities Total and its Total Assets 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 Liabilities Total vs Total Assets
Non Current Liabilities Total vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cognex Non Current Liabilities Total account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Cognex's Non Current Liabilities Total and Total Assets is 0.88. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Assets 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 Liabilities Total 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 Non Current Liabilities Total of Cognex 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 Non Current Liabilities Total i.e., Cognex's Non Current Liabilities Total and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Non Current Liabilities Total
Total Assets
Total assets refers to the total amount of Cognex 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 Cognex 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 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
Click cells to compare fundamentals
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 |
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 |
0.75 | ELSE | Electro Sensors | PairCorr |
0.81 | WATT | Energous | PairCorr |
Moving against Cognex Stock
0.66 | WRAP | Wrap Technologies Earnings Call Tomorrow | PairCorr |
0.44 | FARO | FARO Technologies | PairCorr |
0.42 | GRMN | Garmin | 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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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.