Danimer Non Currrent Assets Other vs Cash Analysis
DNMR Stock | USD 0.75 0 0.13% |
Danimer Scientific financial indicator trend analysis is much more than just examining Danimer Scientific latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Danimer Scientific is a good investment. Please check the relationship between Danimer Scientific Non Currrent Assets Other and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Danimer Scientific. 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. To learn how to invest in Danimer Stock, please use our How to Invest in Danimer Scientific guide.
Non Currrent Assets Other vs Cash
Non Currrent Assets Other vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Danimer Scientific Non Currrent Assets Other account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Danimer Scientific's Non Currrent Assets Other and Cash is -0.42. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Cash in the same time period over historical financial statements of Danimer Scientific, assuming nothing else is changed. The correlation between historical values of Danimer Scientific's Non Currrent Assets Other and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Danimer Scientific are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Currrent Assets Other i.e., Danimer Scientific's Non Currrent Assets Other and Cash go up and down completely randomly.
Correlation Coefficient | -0.42 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Cash
Cash refers to the most liquid asset of Danimer Scientific, which is listed under current asset account on Danimer Scientific balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Danimer Scientific customers. The amounts must be unrestricted with restricted cash listed in a different Danimer Scientific account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Danimer Scientific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Danimer Scientific 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 Danimer Scientific. 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. To learn how to invest in Danimer Stock, please use our How to Invest in Danimer Scientific guide.At this time, Danimer Scientific's Tax Provision is relatively stable compared to the past year. As of 05/10/2024, Enterprise Value is likely to grow to about 817.1 M, while Selling General Administrative is likely to drop slightly above 59.1 M.
2023 | 2024 (projected) | Depreciation And Amortization | 29.1M | 41.9M | Interest Income | 399.1K | 377.9K |
Danimer Scientific fundamental ratios Correlations
Click cells to compare fundamentals
Danimer Scientific Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Danimer Scientific fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 9.7M | 9.2M | 18.8M | 4.8M | 4.7M | 7.1M | |
Total Current Liabilities | 34.3M | 50.5M | 43.5M | 25.3M | 15.7M | 24.3M | |
Net Tangible Assets | 14.5M | 437.1M | 353.0M | 377.6M | 434.3M | 265.6M | |
Retained Earnings | (49.9M) | (62.5M) | (118.9M) | (298.6M) | (454.1M) | (431.4M) | |
Accounts Payable | 8.1M | 10.6M | 20.8M | 15.0M | 5.3M | 5.0M | |
Other Assets | 30.9M | 15.8M | 15.5M | 33.3M | 30.0M | 21.6M | |
Net Receivables | 5.5M | 8.1M | 24.6M | 24.3M | 18.9M | 16.2M | |
Inventory | 7.0M | 13.6M | 24.6M | 32.7M | 25.3M | 19.7M | |
Total Current Assets | 19.2M | 402.4M | 340.4M | 125.1M | 108.0M | 185.7M | |
Property Plant Equipment | 92.4M | 126.2M | 335.4M | 453.9M | 522.0M | 548.1M |
Pair Trading with Danimer Scientific
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 Danimer Scientific 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 Danimer Scientific will appreciate offsetting losses from the drop in the long position's value.Moving against Danimer Stock
0.47 | FF | FutureFuel Corp | PairCorr |
The ability to find closely correlated positions to Danimer Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danimer Scientific 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 Danimer Scientific - 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 Danimer Scientific to buy it.
The correlation of Danimer Scientific 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 Danimer Scientific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danimer Scientific 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 Danimer Scientific 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Danimer Scientific. 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. To learn how to invest in Danimer Stock, please use our How to Invest in Danimer Scientific guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running Danimer Scientific's price analysis, check to measure Danimer Scientific'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 Danimer Scientific is operating at the current time. Most of Danimer Scientific's value examination focuses on studying past and present price action to predict the probability of Danimer Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danimer Scientific's price. Additionally, you may evaluate how the addition of Danimer Scientific to your portfolios can decrease your overall portfolio volatility.
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Is Danimer Scientific'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 Danimer Scientific. If investors know Danimer 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 Danimer Scientific listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.52) | Revenue Per Share 0.439 | Quarterly Revenue Growth (0.14) | Return On Assets (0.1) | Return On Equity (0.48) |
The market value of Danimer Scientific is measured differently than its book value, which is the value of Danimer that is recorded on the company's balance sheet. Investors also form their own opinion of Danimer Scientific's value that differs from its market value or its book value, called intrinsic value, which is Danimer Scientific'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 Danimer Scientific's market value can be influenced by many factors that don't directly affect Danimer Scientific'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 Danimer Scientific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Danimer Scientific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danimer Scientific'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.