Coherent Total Stockholder Equity vs Current Deferred Revenue Analysis
| COHR Stock | USD 54.34 0.29 0.53% |
Coherent financial indicator trend analysis is way more than just evaluating Coherent prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coherent is a good investment. Please check the relationship between Coherent Total Stockholder Equity and its Current Deferred Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coherent. 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. To learn how to invest in Coherent Stock, please use our How to Invest in Coherent guide.
Total Stockholder Equity vs Current Deferred Revenue
Total Stockholder Equity vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Coherent Total Stockholder Equity account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Coherent's Total Stockholder Equity and Current Deferred Revenue is 0.91. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Coherent, assuming nothing else is changed. The correlation between historical values of Coherent's Total Stockholder Equity and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Coherent are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Stockholder Equity i.e., Coherent's Total Stockholder Equity and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.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.Most indicators from Coherent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coherent 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 Coherent. 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. To learn how to invest in Coherent Stock, please use our How to Invest in Coherent guide.At this time, Coherent's Selling General Administrative is relatively stable compared to the past year. As of 05/02/2024, Enterprise Value Over EBITDA is likely to grow to 199.99, though Tax Provision is likely to grow to (82.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 1.6B | 1.9B | 2.0B | Total Revenue | 3.3B | 5.2B | 5.9B | 6.2B |
Coherent fundamental ratios Correlations
Click cells to compare fundamentals
Coherent Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Coherent fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 5.2B | 6.5B | 7.8B | 13.7B | 15.8B | 16.6B | |
| Short Long Term Debt Total | 2.4B | 1.5B | 2.4B | 4.5B | 5.2B | 5.4B | |
| Total Current Liabilities | 672.9M | 729.6M | 1.3B | 1.1B | 1.2B | 1.3B | |
| Net Debt | 1.9B | (65.9M) | (144.2M) | 3.7B | 4.2B | 4.4B | |
| Retained Earnings | 876.6M | 1.1B | 1.3B | 944.4B | 1.1T | 1.1T | |
| Cash | 493.0M | 1.6B | 2.6B | 833.3M | 958.3M | 1.0B | |
| Non Current Assets Total | 3.4B | 3.5B | 3.5B | 10.5B | 12.0B | 12.6B | |
| Non Currrent Assets Other | 136.9M | 193.7M | 223.6M | 312.0M | 358.8M | 376.7M | |
| Net Receivables | 598.1M | 659.0M | 700.3M | 929.8M | 1.1B | 1.1B | |
| Common Stock Shares Outstanding | 84.8M | 115.0M | 116.5M | 137.6M | 158.2M | 166.1M | |
| Liabilities And Stockholders Equity | 5.2B | 6.5B | 7.8B | 13.7B | 15.8B | 16.6B | |
| Non Current Liabilities Total | 2.5B | 2.4B | 2.2B | 5.4B | 6.2B | 6.5B | |
| Inventory | 619.8M | 695.8M | 902.6M | 1.3B | 1.5B | 1.5B | |
| Total Liab | 3.2B | 3.1B | 3.5B | 6.5B | 7.5B | 7.8B | |
| Property Plant And Equipment Gross | 245.7M | 2.1B | 2.4B | 3.0B | 3.5B | 3.7B | |
| Total Current Assets | 1.8B | 3.0B | 4.3B | 3.3B | 3.7B | 3.9B | |
| Accumulated Other Comprehensive Income | (87.4M) | 14.3M | (2.2M) | 109.7B | 126.2B | 132.5B | |
| Short Term Debt | 93.9M | 87.4M | 430.8M | 113.1M | 130.1M | 136.6M | |
| Intangible Assets | 758.4M | 718.5M | 635.4M | 3.8B | 4.4B | 4.6B | |
| Other Current Liab | 292.9M | 333.8M | 378.3M | 455.9M | 524.2M | 550.4M | |
| Total Stockholder Equity | 2.1B | 3.4B | 3.6B | 5.0B | 5.7B | 6.0B | |
| Property Plant And Equipment Net | 1.2B | 1.2B | 1.4B | 1.8B | 2.0B | 2.2B | |
| Cash And Short Term Investments | 493.0M | 1.6B | 2.6B | 833.3M | 958.3M | 1.0B | |
| Other Current Assets | 65.7M | 67.6M | 1.1B | 216.5M | 249.0M | 261.5M | |
| Other Stockholder Equity | (199.3M) | (944.6M) | (1.0B) | (7.1T) | (6.4T) | (6.0T) | |
| Accounts Payable | 268.8M | 294.5M | 434.9M | 405.3M | 466.1M | 489.4M | |
| Good Will | 1.2B | 1.3B | 1.3B | 4.5B | 5.2B | 5.4B | |
| Common Stock | 1.5B | 2.0B | 2.1B | 3.8T | 4.3T | 4.6T | |
| Other Liab | 145.6M | 147.3M | 168.7M | 1.0B | 1.2B | 1.2B | |
| Other Assets | 247.1M | 407.0M | 255.3M | 349.7M | 402.2M | 422.3M | |
| Long Term Debt | 411.1M | 425.8M | 1.9B | 4.2B | 4.9B | 5.1B | |
| Property Plant Equipment | 245.7M | 302.6M | 1.4B | 1.8B | 2.0B | 2.2B | |
| Current Deferred Revenue | 17.3M | 13.9M | 23.0M | 104.5M | 120.1M | 126.2M | |
| Net Tangible Assets | 804.1M | 868.2M | 1.2B | (3.8B) | (3.4B) | (3.2B) | |
| Capital Lease Obligations | 91.2M | 80.7M | 137.8M | 179.0M | 205.9M | 216.2M |
Pair Trading with Coherent
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 Coherent 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 Coherent will appreciate offsetting losses from the drop in the long position's value.Moving against Coherent Stock
| 0.42 | FCUV | Focus Universal | PairCorr |
The ability to find closely correlated positions to Coherent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coherent 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 Coherent - 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 Coherent to buy it.
The correlation of Coherent 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 Coherent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coherent 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 Coherent 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 Coherent. 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. To learn how to invest in Coherent Stock, please use our How to Invest in Coherent guide.Note that the Coherent information on this page should be used as a complementary analysis to other Coherent'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Coherent Stock analysis
When running Coherent's price analysis, check to measure Coherent'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 Coherent is operating at the current time. Most of Coherent's value examination focuses on studying past and present price action to predict the probability of Coherent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coherent's price. Additionally, you may evaluate how the addition of Coherent to your portfolios can decrease your overall portfolio volatility.
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Is Coherent'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 Coherent. If investors know Coherent 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 Coherent 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 (0.61) | Earnings Share (2.82) | Revenue Per Share 31.913 | Quarterly Revenue Growth (0.17) | Return On Assets 0.0153 |
The market value of Coherent is measured differently than its book value, which is the value of Coherent that is recorded on the company's balance sheet. Investors also form their own opinion of Coherent's value that differs from its market value or its book value, called intrinsic value, which is Coherent'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 Coherent's market value can be influenced by many factors that don't directly affect Coherent'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 Coherent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coherent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coherent'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.