Coda Current Deferred Revenue vs Other Current Assets Analysis

CODA Stock

USD 6.75 0.17 2.46%

Coda Octopus financial indicator trend analysis is way more than just evaluating Coda Octopus Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coda Octopus Group is a good investment. Please check the relationship between Coda Octopus Current Deferred Revenue and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coda Octopus Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

Current Deferred Revenue vs Other Current Assets

Current Deferred Revenue vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Coda Octopus Group Current Deferred Revenue account and Other Current Assets. At this time, the significance of the direction appears to have very week relationship.

The correlation between Coda Octopus' Current Deferred Revenue and Other Current Assets is 0.21. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Coda Octopus Group, assuming nothing else is changed. The correlation between historical values of Coda Octopus' Current Deferred Revenue and Other Current 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 Current Deferred Revenue of Coda Octopus Group are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Current Deferred Revenue i.e., Coda Octopus' Current Deferred Revenue and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Coda Octopus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coda Octopus Group 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 Coda Octopus Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

At present, Coda Octopus' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 11.33, whereas Selling General Administrative is forecasted to decline to about 6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	15.2M	13.0M	15.0M	11.1M
Total Revenue	22.2M	19.4M	22.3M	18.4M

Gross Profit Total Revenue

Coda Octopus fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		-0.72	-0.23	-0.48	0.97	0.92	-0.11	-0.92	0.72	-0.01	0.99	0.75	0.99	0.28	0.47	-0.55	0.77	-0.48	0.98	-0.16	0.72	-0.7	0.98	0.99	-0.54	-0.55
Short Long Term Debt Total	-0.72		0.3	0.41	-0.86	-0.77	0.05	0.91	-0.92	0.36	-0.69	-0.58	-0.69	-0.41	0.08	0.8	-0.62	0.87	-0.71	0.05	-0.35	0.98	-0.76	-0.71	0.41	0.8
Other Current Liab	-0.23	0.3		0.93	-0.33	-0.38	0.19	0.29	-0.43	0.6	-0.2	-0.31	-0.2	-0.51	0.13	0.29	-0.33	-0.15	-0.17	0.46	-0.06	0.46	-0.23	-0.21	0.88	0.29
Total Current Liabilities	-0.48	0.41	0.93		-0.54	-0.56	0.25	0.49	-0.55	0.59	-0.46	-0.45	-0.46	-0.48	-0.04	0.32	-0.48	-0.08	-0.41	0.54	-0.25	0.56	-0.46	-0.47	0.97	0.32
Total Stockholder Equity	0.97	-0.86	-0.33	-0.54		0.94	-0.14	-0.97	0.84	-0.18	0.95	0.76	0.95	0.36	0.32	-0.68	0.78	-0.62	0.95	-0.17	0.65	-0.85	0.97	0.96	-0.57	-0.67
Property Plant And Equipment Net	0.92	-0.77	-0.38	-0.56	0.94		-0.31	-0.88	0.71	-0.17	0.86	0.86	0.86	0.41	0.45	-0.75	0.83	-0.54	0.87	-0.16	0.72	-0.8	0.93	0.88	-0.55	-0.75
Current Deferred Revenue	-0.11	0.05	0.19	0.25	-0.14	-0.31		0.07	-0.08	0.43	-0.08	-0.32	-0.08	-0.1	-0.15	0.26	-0.2	0.03	-0.05	0.21	-0.15	0.19	-0.14	-0.05	0.04	0.26
Net Debt	-0.92	0.91	0.29	0.49	-0.97	-0.88	0.07		-0.89	0.22	-0.91	-0.72	-0.91	-0.31	-0.21	0.69	-0.77	0.7	-0.91	0.12	-0.59	0.89	-0.93	-0.92	0.53	0.69
Retained Earnings	0.72	-0.92	-0.43	-0.55	0.84	0.71	-0.08	-0.89		-0.53	0.73	0.44	0.73	0.32	-0.23	-0.72	0.49	-0.71	0.74	-0.24	0.21	-0.94	0.77	0.74	-0.54	-0.72
Accounts Payable	-0.01	0.36	0.6	0.59	-0.18	-0.17	0.43	0.22	-0.53		-0.05	-0.02	-0.05	-0.17	0.56	0.44	-0.01	0.16	0.01	0.45	0.31	0.5	-0.11	-0.02	0.44	0.44
Cash	0.99	-0.69	-0.2	-0.46	0.95	0.86	-0.08	-0.91	0.73	-0.05		0.67	1.0	0.17	0.42	-0.49	0.71	-0.46	0.98	-0.22	0.66	-0.67	0.96	0.99	-0.53	-0.49
Non Current Assets Total	0.75	-0.58	-0.31	-0.45	0.76	0.86	-0.32	-0.72	0.44	-0.02	0.67		0.67	0.44	0.67	-0.59	0.97	-0.38	0.67	-0.01	0.91	-0.6	0.74	0.69	-0.46	-0.59
Cash And Short Term Investments	0.99	-0.69	-0.2	-0.46	0.95	0.86	-0.08	-0.91	0.73	-0.05	1.0	0.67		0.17	0.42	-0.49	0.71	-0.46	0.98	-0.22	0.66	-0.67	0.96	0.99	-0.53	-0.49
Net Receivables	0.28	-0.41	-0.51	-0.48	0.36	0.41	-0.1	-0.31	0.32	-0.17	0.17	0.44	0.17		0.09	-0.29	0.41	-0.19	0.16	-0.03	0.28	-0.46	0.31	0.24	-0.47	-0.29
Good Will	0.47	0.08	0.13	-0.04	0.32	0.45	-0.15	-0.21	-0.23	0.56	0.42	0.67	0.42	0.09		0.03	0.64	0.15	0.4	0.13	0.88	0.1	0.39	0.42	-0.11	0.03
Common Stock Total Equity	-0.55	0.8	0.29	0.32	-0.68	-0.75	0.26	0.69	-0.72	0.44	-0.49	-0.59	-0.49	-0.29	0.03		-0.53	0.73	-0.52	0.05	-0.3	0.81	-0.65	-0.51	0.25	1.0
Common Stock Shares Outstanding	0.77	-0.62	-0.33	-0.48	0.78	0.83	-0.2	-0.77	0.49	-0.01	0.71	0.97	0.71	0.41	0.64	-0.53		-0.38	0.71	0.02	0.92	-0.62	0.75	0.72	-0.52	-0.53
Non Current Liabilities Total	-0.48	0.87	-0.15	-0.08	-0.62	-0.54	0.03	0.7	-0.71	0.16	-0.46	-0.38	-0.46	-0.19	0.15	0.73	-0.38		-0.51	-0.22	-0.2	0.78	-0.56	-0.48	-0.1	0.73
Inventory	0.98	-0.71	-0.17	-0.41	0.95	0.87	-0.05	-0.91	0.74	0.01	0.98	0.67	0.98	0.16	0.4	-0.52	0.71	-0.51		-0.09	0.66	-0.68	0.96	0.99	-0.47	-0.52
Other Current Assets	-0.16	0.05	0.46	0.54	-0.17	-0.16	0.21	0.12	-0.24	0.45	-0.22	-0.01	-0.22	-0.03	0.13	0.05	0.02	-0.22	-0.09		0.08	0.16	-0.12	-0.17	0.5	0.05
Other Stockholder Equity	0.72	-0.35	-0.06	-0.25	0.65	0.72	-0.15	-0.59	0.21	0.31	0.66	0.91	0.66	0.28	0.88	-0.3	0.92	-0.2	0.66	0.08		-0.33	0.66	0.67	-0.32	-0.3
Total Liab	-0.7	0.98	0.46	0.56	-0.85	-0.8	0.19	0.89	-0.94	0.5	-0.67	-0.6	-0.67	-0.46	0.1	0.81	-0.62	0.78	-0.68	0.16	-0.33		-0.75	-0.69	0.52	0.81
Property Plant And Equipment Gross	0.98	-0.76	-0.23	-0.46	0.97	0.93	-0.14	-0.93	0.77	-0.11	0.96	0.74	0.96	0.31	0.39	-0.65	0.75	-0.56	0.96	-0.12	0.66	-0.75		0.97	-0.49	-0.65
Total Current Assets	0.99	-0.71	-0.21	-0.47	0.96	0.88	-0.05	-0.92	0.74	-0.02	0.99	0.69	0.99	0.24	0.42	-0.51	0.72	-0.48	0.99	-0.17	0.67	-0.69	0.97		-0.53	-0.51
Short Term Debt	-0.54	0.41	0.88	0.97	-0.57	-0.55	0.04	0.53	-0.54	0.44	-0.53	-0.46	-0.53	-0.47	-0.11	0.25	-0.52	-0.1	-0.47	0.5	-0.32	0.52	-0.49	-0.53		0.25
Common Stock	-0.55	0.8	0.29	0.32	-0.67	-0.75	0.26	0.69	-0.72	0.44	-0.49	-0.59	-0.49	-0.29	0.03	1.0	-0.53	0.73	-0.52	0.05	-0.3	0.81	-0.65	-0.51	0.25

Click cells to compare fundamentals

Coda Octopus Account Relationship Matchups

Coda Octopus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.0M	45.5M	46.9M	51.8M	59.6M	62.6M
Short Long Term Debt Total	2.0M	1.1M	573.1K	63.6K	57.2K	54.3K
Other Current Liab	584.2K	740.4K	1.7M	995.6K	896.1K	1.3M
Total Current Liabilities	3.4M	4.3M	3.5M	3.3M	3.0M	2.8M
Total Stockholder Equity	34.4M	41.0M	43.4M	48.4M	55.7M	58.5M
Property Plant And Equipment Net	6.1M	6.0M	5.8M	6.9M	7.9M	8.3M
Current Deferred Revenue	1.0M	2.0M	943.6K	975.5K	878.0K	939.2K
Net Debt	(14.6M)	(17.7M)	(22.9M)	(24.4M)	(22.0M)	(20.9M)
Retained Earnings	(23.4M)	(18.5M)	(14.2M)	(11.1M)	(12.7M)	(13.3M)
Accounts Payable	1.3M	1.5M	793.2K	1.3M	1.2M	1.3M
Cash	15.1M	17.7M	22.9M	24.4M	28.1M	29.5M
Non Current Assets Total	10.4M	9.9M	9.9M	11.0M	12.6M	7.2M
Cash And Short Term Investments	15.1M	17.7M	22.9M	24.4M	28.1M	29.5M
Net Receivables	3.0M	5.9M	3.8M	4.5M	5.2M	4.4M
Common Stock Total Equity	10.7K	10.8K	10.9K	10.9K	9.8K	9.3K
Common Stock Shares Outstanding	11.3M	11.3M	11.3M	11.3M	13.0M	7.4M
Liabilities And Stockholders Equity	38.0M	45.5M	46.9M	51.8M	59.6M	62.6M
Non Current Liabilities Total	258.4K	157.9K	76.1K	133.4K	120.0K	114.0K
Inventory	9.1M	10.7M	10.0M	11.7M	13.4M	14.1M
Other Current Assets	402.2K	1.3M	259.1K	23.1K	26.5K	25.2K
Other Stockholder Equity	60.1M	61.2M	62.3M	62.9M	72.3M	52.1M
Total Liab	3.6M	4.4M	3.5M	3.4M	3.1M	2.9M
Property Plant And Equipment Gross	6.1M	10.7M	10.5M	11.7M	13.4M	14.1M
Total Current Assets	27.7M	35.6M	37.0M	40.9M	47.0M	49.4M
Accumulated Other Comprehensive Income	(2.3M)	(1.7M)	(4.7M)	(3.4M)	(3.1M)	(2.9M)
Short Term Debt	964.7K	487.1K	509.8K	63.6K	57.2K	54.3K
Common Stock	10.8K	10.9K	10.9K	11.1K	10.0K	9.5K
Short Term Investments	113.0K	64.0K	18.6K	23.1K	20.8K	19.7K
Intangible Assets	349.3K	412.3K	442.3K	486.6K	438.0K	515.4K
Property Plant Equipment	6.0M	6.1M	6.0M	5.8M	6.7M	7.0M
Non Currrent Assets Other	(9.8M)	(9.8M)	(9.7M)	211.4K	190.2K	199.8K
Other Assets	631.7K	561.9K	76.8K	259.8K	233.8K	397.5K
Net Tangible Assets	27.0M	34.4M	37.3M	43.4M	49.9M	52.4M
Retained Earnings Total Equity	(26.8M)	(23.4M)	(18.5M)	(14.2M)	(16.3M)	(17.1M)
Capital Surpluse	59.5M	60.1M	61.2M	62.3M	71.7M	61.6M

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 Coda Octopus 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, Coda Octopus' short interest history, or implied volatility extrapolated from Coda Octopus options trading.

Pair Trading with Coda Octopus

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 Coda Octopus 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 Coda Octopus will appreciate offsetting losses from the drop in the long position's value.

Moving together with Coda Stock

0.81

NEWP

New Pacific Metals Financial Report 13th of May 2024

Pair Corr

Moving against Coda Stock

0.69	APDN	Applied DNA Sciences Financial Report 9th of May 2024	Pair Corr
0.64	S	SentinelOne Financial Report 6th of June 2024	Pair Corr
0.62	CIEN	Ciena Corp Financial Report 4th of June 2024	Pair Corr
0.62	WALDW	Waldencast Acquisition	Pair Corr
0.61	ZS	Zscaler Financial Report 6th of June 2024	Pair Corr

The ability to find closely correlated positions to Coda Octopus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coda Octopus 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 Coda Octopus - 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 Coda Octopus Group to buy it.

The correlation of Coda Octopus 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 Coda Octopus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coda Octopus Group 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 Coda Octopus 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.

Pair Correlation Correlation Matching

When determining whether Coda Octopus Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coda Octopus' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Coda Octopus Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coda Octopus Group Stock:

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Is Coda Stock a good investment?

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What is Coda Octopus' Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coda Octopus Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

Note that the Coda Octopus Group information on this page should be used as a complementary analysis to other Coda Octopus' 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 Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for Coda Stock analysis

When running Coda Octopus' price analysis, check to measure Coda Octopus' 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 Coda Octopus is operating at the current time. Most of Coda Octopus' value examination focuses on studying past and present price action to predict the probability of Coda Octopus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coda Octopus' price. Additionally, you may evaluate how the addition of Coda Octopus to your portfolios can decrease your overall portfolio volatility.

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Is Coda Octopus' 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 Coda Octopus. If investors know Coda 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 Coda Octopus 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)

Earnings Share

0.21

Revenue Per Share

1.63

Quarterly Revenue Growth

(0.20)

Return On Assets

0.0235

The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' 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 Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' 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 Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Coda Octopus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' 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.

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Coda Current Deferred Revenue vs Other Current Assets Analysis

Current Deferred Revenue vs Other Current Assets

Current Deferred Revenue vs Other Current Assets Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Other Current Assets

Coda Octopus fundamental ratios Correlations

Coda Octopus Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Coda Octopus fundamental ratios Accounts

Pair Trading with Coda Octopus

Moving together with Coda Stock

Moving against Coda Stock

Complementary Tools for Coda Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Cash	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Cash

Net Debt	- 0.97	Total Stockholder Equity
Total Liab	- 0.94	Retained Earnings
Property Plant And Equipment Gross	- 0.93	Net Debt
Total Current Assets	- 0.92	Net Debt
Retained Earnings	- 0.92	Short Long Term Debt Total
Net Debt	- 0.92	Total Assets