CommScope Net Income vs Receivables Turnover Analysis
| COMM Stock | USD 1.02 0.10 10.87% |
CommScope Holding financial indicator trend analysis is way more than just evaluating CommScope Holding prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CommScope Holding is a good investment. Please check the relationship between CommScope Holding Net Income and its Receivables Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CommScope Holding Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Net Income vs Receivables Turnover
Net Income vs Receivables Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CommScope Holding Net Income account and Receivables Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between CommScope Holding's Net Income and Receivables Turnover is -0.18. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Receivables Turnover in the same time period over historical financial statements of CommScope Holding Co, assuming nothing else is changed. The correlation between historical values of CommScope Holding's Net Income and Receivables Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of CommScope Holding Co are associated (or correlated) with its Receivables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Receivables Turnover has no effect on the direction of Net Income i.e., CommScope Holding's Net Income and Receivables Turnover go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in CommScope Holding financial statement analysis. It represents the amount of money remaining after all of CommScope Holding Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Receivables Turnover
Most indicators from CommScope Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CommScope Holding 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 CommScope Holding Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, CommScope Holding's Selling General Administrative is very stable compared to the past year. As of the 23rd of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.17, though Tax Provision is likely to grow to (166.5 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 561.2M | 588.9M | 675.8M | 381.8M | Depreciation And Amortization | 786.3M | 696.1M | 561.2M | 495.4M |
CommScope Holding fundamental ratios Correlations
Click cells to compare fundamentals
CommScope Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with CommScope Holding
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 CommScope Holding 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 CommScope Holding will appreciate offsetting losses from the drop in the long position's value.Moving together with CommScope Stock
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Moving against CommScope Stock
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| 0.8 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.8 | DIS | Walt Disney Sell-off Trend | PairCorr |
The ability to find closely correlated positions to CommScope Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CommScope Holding 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 CommScope Holding - 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 CommScope Holding Co to buy it.
The correlation of CommScope Holding 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 CommScope Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CommScope Holding 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 CommScope Holding 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 CommScope Holding Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for CommScope Stock analysis
When running CommScope Holding's price analysis, check to measure CommScope Holding'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 CommScope Holding is operating at the current time. Most of CommScope Holding's value examination focuses on studying past and present price action to predict the probability of CommScope Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CommScope Holding's price. Additionally, you may evaluate how the addition of CommScope Holding to your portfolios can decrease your overall portfolio volatility.
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Is CommScope Holding'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 CommScope Holding. If investors know CommScope 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 CommScope Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.33) | Revenue Per Share 27.45 | Quarterly Revenue Growth (0.49) | Return On Assets 0.0308 | Return On Equity (18.38) |
The market value of CommScope Holding is measured differently than its book value, which is the value of CommScope that is recorded on the company's balance sheet. Investors also form their own opinion of CommScope Holding's value that differs from its market value or its book value, called intrinsic value, which is CommScope Holding'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 CommScope Holding's market value can be influenced by many factors that don't directly affect CommScope Holding'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 CommScope Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if CommScope Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CommScope Holding'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.