DermTech Retained Earnings vs Total Current Assets Analysis

DMTK Stock

USD 0.60 0.01 1.69%

DermTech financial indicator trend analysis is much more than just examining DermTech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DermTech is a good investment. Please check the relationship between DermTech Retained Earnings and its Total Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DermTech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy DermTech Stock please use our How to buy in DermTech Stock guide.

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DermTech Retained Earnings account and Total Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between DermTech's Retained Earnings and Total Current Assets is -0.59. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of DermTech, assuming nothing else is changed. The correlation between historical values of DermTech's Retained Earnings and Total 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 Retained Earnings of DermTech are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Retained Earnings i.e., DermTech's Retained Earnings and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from DermTech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DermTech 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DermTech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy DermTech Stock please use our How to buy in DermTech Stock guide.Selling General Administrative is expected to rise to about 46 M this year, although the value of Issuance Of Capital Stock will most likely fall to about 5 M.

DermTech fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Total Liab	Long Term Investments	Total Current Assets	Common Stock	Property Plant Equipment	Net Debt	Net Receivables	Net Invested Capital
Total Assets		0.73	0.72	0.97	0.82	-0.62	0.72	0.85	0.61	0.28	0.71	0.45	0.87	0.28	0.72	0.05	0.53	0.67	0.59	-0.13	0.87	0.28	0.83	-0.64	0.87	0.3
Other Current Liab	0.73		0.97	0.58	0.88	-0.96	0.74	0.64	0.32	-0.19	0.95	0.49	0.7	-0.19	0.94	-0.21	0.92	0.95	0.95	-0.35	0.71	-0.19	0.85	-0.23	0.91	-0.05
Total Current Liabilities	0.72	0.97		0.58	0.9	-0.95	0.8	0.69	0.23	-0.25	0.94	0.36	0.74	-0.26	0.91	-0.38	0.86	0.89	0.9	-0.51	0.75	-0.26	0.88	-0.31	0.91	-0.02
Total Stockholder Equity	0.97	0.58	0.58		0.76	-0.46	0.65	0.85	0.57	0.37	0.58	0.42	0.86	0.37	0.61	0.12	0.35	0.5	0.41	-0.06	0.86	0.37	0.78	-0.73	0.77	0.39
Net Tangible Assets	0.82	0.88	0.9	0.76		-0.86	0.78	0.87	0.22	-0.17	0.92	0.46	0.89	-0.18	0.93	-0.18	0.69	0.75	0.75	-0.34	0.89	-0.18	1.0	-0.57	0.93	0.2
Retained Earnings	-0.62	-0.96	-0.95	-0.46	-0.86		-0.63	-0.53	-0.28	0.2	-0.96	-0.42	-0.58	0.22	-0.93	0.31	-0.93	-0.88	-0.95	0.42	-0.59	0.22	-0.82	0.1	-0.81	0.11
Accounts Payable	0.72	0.74	0.8	0.65	0.78	-0.63		0.81	0.06	-0.27	0.64	0.35	0.85	-0.28	0.68	-0.45	0.48	0.6	0.55	-0.6	0.85	-0.28	0.79	-0.63	0.86	-0.14
Cash	0.85	0.64	0.69	0.85	0.87	-0.53	0.81		0.11	-0.15	0.65	0.31	0.99	-0.15	0.68	-0.1	0.33	0.51	0.42	-0.28	0.98	-0.15	0.9	-0.89	0.86	0.41
Non Current Assets Total	0.61	0.32	0.23	0.57	0.22	-0.28	0.06	0.11		0.85	0.33	0.36	0.14	0.84	0.25	0.29	0.42	0.39	0.4	0.24	0.14	0.84	0.21	0.07	0.28	0.03
Non Currrent Assets Other	0.28	-0.19	-0.25	0.37	-0.17	0.2	-0.27	-0.15	0.85		-0.15	0.17	-0.16	1.0	-0.2	0.4	-0.08	-0.13	-0.11	0.43	-0.17	1.0	-0.16	0.09	-0.18	0.07
Other Assets	0.71	0.95	0.94	0.58	0.92	-0.96	0.64	0.65	0.33	-0.15		0.46	0.68	-0.16	0.94	-0.19	0.91	0.9	0.94	-0.31	0.69	-0.16	0.9	-0.24	0.87	0.07
Long Term Debt	0.45	0.49	0.36	0.42	0.46	-0.42	0.35	0.31	0.36	0.17	0.46		0.35	0.15	0.64	0.47	0.44	0.42	0.43	0.4	0.35	0.15	0.46	-0.14	0.44	-0.3
Cash And Short Term Investments	0.87	0.7	0.74	0.86	0.89	-0.58	0.85	0.99	0.14	-0.16	0.68	0.35		-0.16	0.73	-0.1	0.39	0.58	0.47	-0.3	1.0	-0.16	0.9	-0.84	0.91	0.36
Common Stock Total Equity	0.28	-0.19	-0.26	0.37	-0.18	0.22	-0.28	-0.15	0.84	1.0	-0.16	0.15	-0.16		-0.21	0.42	-0.09	-0.14	-0.13	0.44	-0.16	1.0	-0.17	0.08	-0.18	0.11
Common Stock Shares Outstanding	0.72	0.94	0.91	0.61	0.93	-0.93	0.68	0.68	0.25	-0.2	0.94	0.64	0.73	-0.21		-0.04	0.83	0.85	0.87	-0.19	0.74	-0.21	0.91	-0.31	0.88	0.02
Short Term Investments	0.05	-0.21	-0.38	0.12	-0.18	0.31	-0.45	-0.1	0.29	0.4	-0.19	0.47	-0.1	0.42	-0.04		-0.2	-0.13	-0.23	0.97	-0.11	0.42	-0.16	0.01	-0.17	0.33
Non Current Liabilities Total	0.53	0.92	0.86	0.35	0.69	-0.93	0.48	0.33	0.42	-0.08	0.91	0.44	0.39	-0.09	0.83	-0.2		0.94	0.99	-0.27	0.4	-0.09	0.65	0.14	0.72	-0.18
Inventory	0.67	0.95	0.89	0.5	0.75	-0.88	0.6	0.51	0.39	-0.13	0.9	0.42	0.58	-0.14	0.85	-0.13	0.94		0.96	-0.26	0.59	-0.14	0.71	-0.07	0.86	0.0
Total Liab	0.59	0.95	0.9	0.41	0.75	-0.95	0.55	0.42	0.4	-0.11	0.94	0.43	0.47	-0.13	0.87	-0.23	0.99	0.96		-0.32	0.49	-0.13	0.72	0.05	0.78	-0.13
Long Term Investments	-0.13	-0.35	-0.51	-0.06	-0.34	0.42	-0.6	-0.28	0.24	0.43	-0.31	0.4	-0.3	0.44	-0.19	0.97	-0.27	-0.26	-0.32		-0.31	0.44	-0.32	0.16	-0.35	0.24
Total Current Assets	0.87	0.71	0.75	0.86	0.89	-0.59	0.85	0.98	0.14	-0.17	0.69	0.35	1.0	-0.16	0.74	-0.11	0.4	0.59	0.49	-0.31		-0.16	0.91	-0.83	0.92	0.35
Common Stock	0.28	-0.19	-0.26	0.37	-0.18	0.22	-0.28	-0.15	0.84	1.0	-0.16	0.15	-0.16	1.0	-0.21	0.42	-0.09	-0.14	-0.13	0.44	-0.16		-0.17	0.08	-0.18	0.11
Property Plant Equipment	0.83	0.85	0.88	0.78	1.0	-0.82	0.79	0.9	0.21	-0.16	0.9	0.46	0.9	-0.17	0.91	-0.16	0.65	0.71	0.72	-0.32	0.91	-0.17		-0.62	0.92	0.23
Net Debt	-0.64	-0.23	-0.31	-0.73	-0.57	0.1	-0.63	-0.89	0.07	0.09	-0.24	-0.14	-0.84	0.08	-0.31	0.01	0.14	-0.07	0.05	0.16	-0.83	0.08	-0.62		-0.55	-0.49
Net Receivables	0.87	0.91	0.91	0.77	0.93	-0.81	0.86	0.86	0.28	-0.18	0.87	0.44	0.91	-0.18	0.88	-0.17	0.72	0.86	0.78	-0.35	0.92	-0.18	0.92	-0.55		0.16
Net Invested Capital	0.3	-0.05	-0.02	0.39	0.2	0.11	-0.14	0.41	0.03	0.07	0.07	-0.3	0.36	0.11	0.02	0.33	-0.18	0.0	-0.13	0.24	0.35	0.11	0.23	-0.49	0.16

Click cells to compare fundamentals

DermTech Account Relationship Matchups

DermTech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.2M	69.8M	248.3M	202.1M	121.9M	82.3M
Other Current Liab	2.7M	2.8M	6.3M	11.4M	8.7M	9.1M
Total Current Liabilities	5.7M	5.4M	12.2M	15.6M	13.4M	14.1M
Total Stockholder Equity	12.5M	63.5M	229.7M	132.4M	57.2M	64.2M
Net Tangible Assets	12.5M	63.5M	229.7M	132.4M	152.2M	159.8M
Retained Earnings	(91.1M)	(126.4M)	(206.4M)	(323.0M)	(423.9M)	(402.7M)
Accounts Payable	1.6M	1.6M	2.9M	2.4M	1.5M	1.2M
Cash	15.4M	24.2M	176.9M	77.8M	36.7M	33.4M
Non Current Assets Total	1.1M	2.9M	15.5M	66.0M	60.2M	30.5M
Non Currrent Assets Other	12.4M	84K	167K	168K	3.5M	3.3M
Other Assets	84K	167K	3.2M	3.7M	4.2M	4.4M
Cash And Short Term Investments	15.4M	63.8M	225.3M	126.2M	55.9M	48.7M
Common Stock Total Equity	4.1M	1K	2K	3K	2.7K	2.6K
Common Stock Shares Outstanding	7.0M	17.0M	28.9M	30.0M	32.6M	34.3M
Short Term Investments	12.4M	39.5M	48.4M	48.4M	19.1M	18.2M
Liabilities And Stockholders Equity	18.2M	69.8M	248.3M	202.1M	121.9M	82.0M
Capital Surpluse	103.6M	189.8M	436.2M	456.2M	524.6M	550.8M
Inventory	35K	104K	480K	1.8M	1.0M	1.1M
Other Current Assets	1.1M	1.5M	3.2M	3.9M	2.3M	1.3M
Other Stockholder Equity	103.6M	120.1M	436.2M	456.2M	480.9M	505.0M
Total Liab	5.7M	6.3M	18.6M	69.7M	64.8M	68.0M
Property Plant And Equipment Gross	977K	2.7M	12.3M	6.4M	60.5M	63.5M
Total Current Assets	17.2M	66.9M	232.8M	136.0M	61.8M	51.8M
Accumulated Other Comprehensive Income	(239K)	(1K)	(124K)	(774K)	178K	186.9K
Common Stock	4.1M	1K	2K	3K	2.7K	2.6K
Property Plant Equipment	977K	2.7M	12.3M	6.4M	7.3M	7.7M
Net Debt	(15.4M)	(23.9M)	(169.0M)	(21.9M)	17.7M	18.5M
Net Invested Capital	12.5M	63.5M	229.7M	132.4M	57.2M	101.0M
Net Working Capital	11.4M	61.5M	220.6M	120.4M	48.3M	72.5M

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 DermTech 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, DermTech's short interest history, or implied volatility extrapolated from DermTech options trading.

Pair Trading with DermTech

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

Moving together with DermTech Stock

0.69

DVAX

Dynavax Technologies Financial Report 7th of May 2024

Pair Corr

Moving against DermTech Stock

0.8	HCM	HUTCHMED DRC	Pair Corr
0.65	FLGC	Flora Growth Corp Financial Report 20th of May 2024	Pair Corr
0.57	CGC	Canopy Growth Corp Downward Rally	Pair Corr
0.54	BHC	Bausch Health Companies Financial Report 2nd of May 2024	Pair Corr
0.53	ACB	Aurora Cannabis Downward Rally	Pair Corr

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

The correlation of DermTech 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 DermTech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DermTech 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 DermTech 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 DermTech is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if DermTech Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Dermtech Stock. Highlighted below are key reports to facilitate an investment decision about Dermtech Stock:

How To Invest In DermTech

Details

Is DermTech Stock a good investment?

Details

What is DermTech's Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DermTech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy DermTech Stock please use our How to buy in DermTech Stock guide.

You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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

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Is DermTech'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 DermTech. If investors know DermTech 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 DermTech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(3.09)

Revenue Per Share

0.469

Quarterly Revenue Growth

0.311

Return On Assets

(0.38)

Return On Equity

(1.06)

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

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DermTech Retained Earnings vs Total Current Assets Analysis

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Current Assets

DermTech fundamental ratios Correlations

DermTech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DermTech fundamental ratios Accounts

Pair Trading with DermTech

Moving together with DermTech Stock

Moving against DermTech Stock

Complementary Tools for DermTech Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant Equipment	+ 1.0	Net Tangible Assets
Common Stock Total Equity	+ 1.0	Non Currrent Assets Other
Common Stock	+ 1.0	Non Currrent Assets Other
Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Common Stock Total Equity
Cash And Short Term Investments	+ 0.99	Cash

Other Assets	- 0.96	Retained Earnings
Retained Earnings	- 0.96	Other Current Liab
Total Liab	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Total Current Liabilities
Non Current Liabilities Total	- 0.93	Retained Earnings
Common Stock Shares Outstanding	- 0.93	Retained Earnings