Chemed Treasury Stock vs Net Invested Capital Analysis
CHE Stock | USD 561.65 2.00 0.36% |
Chemed Corp financial indicator trend analysis is way more than just evaluating Chemed Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chemed Corp is a good investment. Please check the relationship between Chemed Corp Treasury Stock and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemed Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.
Treasury Stock vs Net Invested Capital
Treasury Stock vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chemed Corp Treasury Stock account and Net Invested Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Chemed Corp's Treasury Stock and Net Invested Capital is -0.8. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Chemed Corp, assuming nothing else is changed. The correlation between historical values of Chemed Corp's Treasury Stock and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Treasury Stock of Chemed Corp are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Treasury Stock i.e., Chemed Corp's Treasury Stock and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.8 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Treasury Stock
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Chemed Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chemed Corp 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 Chemed Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.At present, Chemed Corp's Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 769.8M | 765.1M | 738.0M | 370.4M | Total Revenue | 2.1B | 2.1B | 2.3B | 2.4B |
Chemed Corp fundamental ratios Correlations
Click cells to compare fundamentals
Chemed Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chemed Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.3B | 1.4B | 1.3B | 1.4B | 1.8B | 1.8B | |
Short Long Term Debt Total | 215.9M | 135.4M | 323.5M | 247.0M | 155.1M | 148.7M | |
Other Current Liab | 43.8M | 42.6M | 39.0M | 172.7M | 202.5M | 212.6M | |
Total Current Liabilities | 262.2M | 299.1M | 302.4M | 297.2M | 312.1M | 167.5M | |
Total Stockholder Equity | 726.6M | 901.2M | 623.3M | 798.7M | 1.1B | 1.2B | |
Property Plant And Equipment Net | 287.4M | 311.3M | 318.7M | 335.4M | 330.2M | 346.7M | |
Net Debt | 209.8M | (27.3M) | 290.6M | 172.9M | (108.8M) | (103.4M) | |
Retained Earnings | 1.4B | 1.7B | 2.0B | 2.2B | 2.4B | 2.6B | |
Cash | 6.2M | 162.7M | 32.9M | 74.1M | 264.0M | 277.2M | |
Non Current Assets Total | 1.1B | 1.1B | 1.1B | 1.2B | 1.3B | 1.3B | |
Non Currrent Assets Other | (9.5M) | (11.9M) | (88.2M) | (37.3M) | 55.6M | 33.5M | |
Cash And Short Term Investments | 6.2M | 162.7M | 32.9M | 74.1M | 264.0M | 277.2M | |
Net Receivables | 143.8M | 126.9M | 137.2M | 139.4M | 181.5M | 93.9M | |
Good Will | 577.4M | 578.6M | 578.6M | 581.3M | 585.0M | 339.2M | |
Common Stock Shares Outstanding | 16.5M | 16.4M | 15.9M | 15.1M | 15.2M | 15.9M | |
Liabilities And Stockholders Equity | 1.3B | 1.4B | 1.3B | 1.4B | 1.8B | 1.8B | |
Non Current Liabilities Total | 279.5M | 234.6M | 417.1M | 346.1M | 340.9M | 197.1M | |
Inventory | 7.5M | 7.1M | 10.1M | 10.3M | 12.0M | 16.1M | |
Other Current Assets | 33.2M | 32.8M | 50.1M | 48.8M | 43.4M | 31.9M | |
Other Stockholder Equity | (737.3M) | (861.2M) | (1.4B) | (1.4B) | (1.4B) | (1.3B) | |
Total Liab | 541.7M | 533.7M | 719.5M | 643.3M | 652.9M | 364.6M | |
Property Plant And Equipment Gross | 287.4M | 311.3M | 318.7M | 335.4M | 685.1M | 719.4M | |
Total Current Assets | 190.7M | 329.4M | 230.3M | 272.6M | 500.8M | 525.9M | |
Accumulated Other Comprehensive Income | 2.3M | 2.3M | 2.2M | 2.2M | 2.1M | 2.2M | |
Short Term Debt | 39.3M | 36.2M | 37.9M | 44.0M | 54.3M | 57.1M | |
Intangible Assets | 126.4M | 118.1M | 108.1M | 99.7M | 90.3M | 87.4M | |
Accounts Payable | 51.1M | 54.2M | 73.0M | 41.9M | 48.3M | 39.9M | |
Common Stock Total Equity | 35.3M | 35.8M | 36.3M | 36.5M | 42.0M | 30.2M | |
Common Stock | 35.8M | 36.3M | 36.5M | 36.8M | 37.2M | 31.1M | |
Other Liab | 102.8M | 135.4M | 131.4M | 143.1M | 164.5M | 172.8M | |
Other Assets | 86.5M | 408.8M | 107.0M | 58.0M | 66.7M | 71.8M | |
Treasury Stock | (1.4B) | (1.6B) | (1.8B) | (2.4B) | (2.2B) | (2.1B) | |
Property Plant Equipment | 175.8M | 187.8M | 318.7M | 335.4M | 385.7M | 405.0M | |
Current Deferred Revenue | 128.1M | 166.1M | 152.4M | 38.6M | 6.9M | 6.5M | |
Net Tangible Assets | 22.9M | 204.5M | (63.4M) | 108.8M | 125.1M | 131.4M | |
Retained Earnings Total Equity | 1.2B | 1.4B | 1.7B | 2.0B | 2.3B | 2.4B | |
Long Term Debt Total | 90M | 0.0 | 185M | 92.5M | 83.3M | 91.6M | |
Capital Surpluse | 860.7M | 961.4M | 1.0B | 1.1B | 1.3B | 757.3M | |
Deferred Long Term Liab | 95.0M | 109.1M | 121.8M | 1.7M | 2.0M | 1.9M |
Pair Trading with Chemed Corp
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 Chemed Corp 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 Chemed Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Chemed Stock
0.76 | EW | Edwards Lifesciences Corp Earnings Call This Week | PairCorr |
Moving against Chemed Stock
0.6 | GKOS | Glaukos Corp | PairCorr |
0.54 | OM | Outset MedicalInc | PairCorr |
The ability to find closely correlated positions to Chemed Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemed Corp 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 Chemed Corp - 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 Chemed Corp to buy it.
The correlation of Chemed Corp 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 Chemed Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemed Corp 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 Chemed Corp 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 Chemed Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.Note that the Chemed Corp information on this page should be used as a complementary analysis to other Chemed Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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When running Chemed Corp's price analysis, check to measure Chemed Corp'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 Chemed Corp is operating at the current time. Most of Chemed Corp's value examination focuses on studying past and present price action to predict the probability of Chemed Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemed Corp's price. Additionally, you may evaluate how the addition of Chemed Corp to your portfolios can decrease your overall portfolio volatility.
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Is Chemed Corp'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 Chemed Corp. If investors know Chemed 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 Chemed Corp 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 0.184 | Dividend Share 1.58 | Earnings Share 18.59 | Revenue Per Share 152 | Quarterly Revenue Growth 0.052 |
The market value of Chemed Corp is measured differently than its book value, which is the value of Chemed that is recorded on the company's balance sheet. Investors also form their own opinion of Chemed Corp's value that differs from its market value or its book value, called intrinsic value, which is Chemed Corp'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 Chemed Corp's market value can be influenced by many factors that don't directly affect Chemed Corp'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 Chemed Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemed Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemed Corp'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.