Community Total Assets vs Other Current Assets Analysis
CYH Stock | USD 3.70 0.04 1.07% |
Community Health financial indicator trend analysis is way more than just evaluating Community Health Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Community Health Systems is a good investment. Please check the relationship between Community Health Total Assets and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Community Health Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
Total Assets vs Other Current Assets
Total Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Community Health Systems Total Assets account and Other Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Community Health's Total Assets and Other Current Assets is 0.92. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Community Health Systems, assuming nothing else is changed. The correlation between historical values of Community Health's Total Assets 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 Total Assets of Community Health Systems 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 Total Assets i.e., Community Health's Total Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Community Health 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 Community Health Systems 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.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 Community Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Community Health Systems 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 Community Health Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. As of now, Community Health's Tax Provision is increasing as compared to previous years. The Community Health's current Enterprise Value Over EBITDA is estimated to increase to 9.75, while Selling General Administrative is projected to decrease to under 303.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.1B | 4.9B | 5.1B | 4.9B | Total Revenue | 12.4B | 12.2B | 12.5B | 10.9B |
Community Health fundamental ratios Correlations
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Community Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Community Health fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 15.6B | 16.0B | 15.2B | 14.7B | 14.5B | 13.9B | |
Short Long Term Debt Total | 14.0B | 12.9B | 12.8B | 12.4B | 12.2B | 9.5B | |
Other Current Liab | 1.3B | 1.3B | 1.8B | 1.2B | 1.0B | 727.8M | |
Total Current Liabilities | 2.3B | 2.8B | 2.4B | 2.2B | 2.1B | 1.8B | |
Total Stockholder Equity | (2.2B) | (1.6B) | (1.4B) | (1.4B) | (1.4B) | (1.3B) | |
Property Plant And Equipment Net | 5.6B | 5.3B | 5.6B | 5.4B | 5.2B | 5.4B | |
Net Debt | 13.8B | 11.2B | 12.3B | 12.3B | 12.1B | 9.2B | |
Retained Earnings | (4.2B) | (3.7B) | (3.5B) | (3.4B) | (3.6B) | (3.4B) | |
Accounts Payable | 811M | 783M | 830M | 773M | 912M | 673.5M | |
Cash | 216M | 1.7B | 507M | 118M | 38M | 36.1M | |
Non Current Assets Total | 12.2B | 11.5B | 11.7B | 11.6B | 11.2B | 10.9B | |
Non Currrent Assets Other | 1.9B | 1.7B | 1.8B | 1.9B | 1.9B | 1.3B | |
Cash And Short Term Investments | 216M | 1.7B | 507M | 118M | 38M | 36.1M | |
Net Receivables | 2.3B | 1.9B | 2.1B | 2.0B | 2.2B | 1.9B | |
Common Stock Shares Outstanding | 113.7M | 116.5M | 130.6M | 130.1M | 130.4M | 112.2M | |
Liabilities And Stockholders Equity | 15.6B | 16.0B | 15.2B | 14.7B | 14.5B | 13.9B | |
Non Current Liabilities Total | 15.0B | 14.2B | 13.7B | 13.2B | 13.1B | 10.6B | |
Inventory | 354M | 335M | 355M | 353M | 328M | 308.1M | |
Other Current Assets | 358M | 338M | 269M | 235M | 275M | 263.1M | |
Other Stockholder Equity | 2.0B | 2.1B | 2.1B | 2.1B | 2.2B | 1.7B | |
Total Liab | 17.2B | 17.1B | 16.0B | 15.4B | 15.3B | 12.4B | |
Property Plant And Equipment Gross | 5.6B | 5.3B | 9.8B | 9.6B | 9.5B | 6.0B | |
Total Current Assets | 3.4B | 4.5B | 3.5B | 3.1B | 3.2B | 2.9B | |
Accumulated Other Comprehensive Income | (21M) | (10M) | (9M) | (13M) | (14M) | (14.7M) | |
Short Term Debt | 156M | 265M | 178M | 169M | 145M | 123.3M | |
Intangible Assets | 384M | 304M | 269M | 220M | 185M | 175.8M | |
Other Liab | 1.1B | 1.6B | 1.0B | 998M | 1.1B | 940.3M | |
Other Assets | 1.4B | 2.0B | 2.0B | 1.1B | 1.3B | 953.6M | |
Long Term Debt | 13.4B | 12.1B | 12.1B | 11.6B | 11.5B | 9.6B | |
Good Will | 4.6B | 4.3B | 4.2B | 4.2B | 4.0B | 4.2B | |
Property Plant Equipment | 5.6B | 5.3B | 5.6B | 5.4B | 6.2B | 5.6B | |
Net Tangible Assets | (6.0B) | (5.4B) | (5.1B) | (5.0B) | (4.5B) | (4.7B) | |
Warrants | 502M | 484M | 480M | 541M | 622.2M | 532.4M | |
Noncontrolling Interest In Consolidated Entity | 77M | 87M | 82M | 92M | 105.8M | 80.7M | |
Retained Earnings Total Equity | (4.2B) | (3.7B) | (3.5B) | (3.4B) | (3.1B) | (2.9B) | |
Long Term Debt Total | 13.4B | 12.1B | 12.1B | 11.6B | 13.4B | 14.0B |
Pair Trading with Community Health
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 Community Health 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 Community Health will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Community Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Community Health 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 Community Health - 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 Community Health Systems to buy it.
The correlation of Community Health 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 Community Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Community Health Systems 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 Community Health 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 Community Health Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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Is Community Health'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 Community Health. If investors know Community 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 Community Health 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 (0.89) | Earnings Share (0.94) | Revenue Per Share 95.704 | Quarterly Revenue Growth 0.01 | Return On Assets 0.04 |
The market value of Community Health Systems is measured differently than its book value, which is the value of Community that is recorded on the company's balance sheet. Investors also form their own opinion of Community Health's value that differs from its market value or its book value, called intrinsic value, which is Community Health'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 Community Health's market value can be influenced by many factors that don't directly affect Community Health'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 Community Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Community Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Community Health'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.