Electrocore Inventory vs Total Assets Analysis

ECOR Stock  USD 6.17  0.30  5.11%   
Electrocore LLC financial indicator trend analysis is much more than just examining Electrocore LLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrocore LLC is a good investment. Please check the relationship between Electrocore LLC Inventory and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocore LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.

Inventory vs Total Assets

Inventory vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrocore LLC Inventory account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Electrocore LLC's Inventory and Total Assets is 0.69. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Assets in the same time period over historical financial statements of Electrocore LLC, assuming nothing else is changed. The correlation between historical values of Electrocore LLC's Inventory and Total 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 Inventory of Electrocore LLC are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Inventory i.e., Electrocore LLC's Inventory and Total Assets go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Inventory

Total Assets

Total assets refers to the total amount of Electrocore LLC 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 Electrocore LLC 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.
Most indicators from Electrocore LLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electrocore LLC 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 Electrocore LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.As of 03/29/2024, Selling General Administrative is likely to drop to about 24.1 M. In addition to that, Tax Provision is likely to drop to about (206.8 K)
 2021 2022 2023 2024 (projected)
Gross Profit4.1M7.0M13.2M13.9M
Total Revenue5.5M8.6M16.0M16.8M

Electrocore LLC fundamental ratios Correlations

-0.620.690.670.760.320.740.52-0.660.140.090.610.450.420.2-0.840.970.53-0.64-0.28-0.84-0.450.660.690.89-0.67
-0.62-0.9-0.79-0.68-0.79-0.71-0.610.850.580.07-0.84-0.46-0.34-0.560.83-0.54-0.870.770.30.830.6-0.82-0.88-0.750.1
0.69-0.90.790.530.570.560.46-0.72-0.53-0.170.670.280.190.5-0.870.650.77-0.58-0.02-0.87-0.350.710.830.74-0.23
0.67-0.790.790.720.720.740.85-0.58-0.250.430.540.640.550.55-0.850.50.88-0.78-0.4-0.85-0.620.80.790.77-0.22
0.76-0.680.530.720.671.00.71-0.610.090.330.590.680.630.51-0.760.650.77-0.96-0.81-0.76-0.920.90.850.8-0.49
0.32-0.790.570.720.670.70.79-0.62-0.570.170.650.790.680.78-0.680.150.87-0.84-0.55-0.68-0.760.840.690.390.26
0.74-0.710.560.741.00.70.71-0.610.040.310.590.670.60.55-0.760.640.8-0.97-0.81-0.76-0.930.910.870.8-0.47
0.52-0.610.460.850.710.790.71-0.57-0.110.630.580.890.840.43-0.720.290.8-0.78-0.56-0.72-0.690.760.560.570.02
-0.660.85-0.72-0.58-0.61-0.62-0.61-0.570.380.1-0.99-0.49-0.44-0.210.78-0.59-0.70.620.20.780.45-0.71-0.68-0.690.05
0.140.58-0.53-0.250.09-0.570.04-0.110.380.48-0.4-0.10.02-0.550.280.15-0.40.13-0.270.280.0-0.25-0.270.07-0.6
0.090.07-0.170.430.330.170.310.630.10.48-0.10.440.47-0.07-0.06-0.110.26-0.31-0.54-0.06-0.40.180.060.24-0.13
0.61-0.840.670.540.590.650.590.58-0.99-0.4-0.10.510.450.21-0.740.530.68-0.62-0.22-0.74-0.460.690.630.640.01
0.45-0.460.280.640.680.790.670.89-0.49-0.10.440.510.970.55-0.660.240.64-0.75-0.58-0.66-0.680.730.430.330.13
0.42-0.340.190.550.630.680.60.84-0.440.020.470.450.970.45-0.610.210.56-0.67-0.56-0.61-0.610.690.350.260.13
0.2-0.560.50.550.510.780.550.43-0.21-0.55-0.070.210.550.45-0.550.130.63-0.68-0.42-0.55-0.610.690.620.180.12
-0.840.83-0.87-0.85-0.76-0.68-0.76-0.720.780.28-0.06-0.74-0.66-0.61-0.55-0.74-0.820.780.291.00.55-0.89-0.82-0.760.26
0.97-0.540.650.50.650.150.640.29-0.590.15-0.110.530.240.210.13-0.740.38-0.51-0.15-0.74-0.320.540.620.83-0.75
0.53-0.870.770.880.770.870.80.8-0.7-0.40.260.680.640.560.63-0.820.38-0.87-0.54-0.82-0.760.920.880.68-0.06
-0.640.77-0.58-0.78-0.96-0.84-0.97-0.780.620.13-0.31-0.62-0.75-0.67-0.680.78-0.51-0.870.80.780.95-0.95-0.88-0.710.28
-0.280.3-0.02-0.4-0.81-0.55-0.81-0.560.2-0.27-0.54-0.22-0.58-0.56-0.420.29-0.15-0.540.80.290.94-0.64-0.55-0.410.29
-0.840.83-0.87-0.85-0.76-0.68-0.76-0.720.780.28-0.06-0.74-0.66-0.61-0.551.0-0.74-0.820.780.290.55-0.89-0.82-0.760.26
-0.450.6-0.35-0.62-0.92-0.76-0.93-0.690.450.0-0.4-0.46-0.68-0.61-0.610.55-0.32-0.760.950.940.55-0.84-0.77-0.580.26
0.66-0.820.710.80.90.840.910.76-0.71-0.250.180.690.730.690.69-0.890.540.92-0.95-0.64-0.89-0.840.910.69-0.2
0.69-0.880.830.790.850.690.870.56-0.68-0.270.060.630.430.350.62-0.820.620.88-0.88-0.55-0.82-0.770.910.82-0.41
0.89-0.750.740.770.80.390.80.57-0.690.070.240.640.330.260.18-0.760.830.68-0.71-0.41-0.76-0.580.690.82-0.67
-0.670.1-0.23-0.22-0.490.26-0.470.020.05-0.6-0.130.010.130.130.120.26-0.75-0.060.280.290.260.26-0.2-0.41-0.67
Click cells to compare fundamentals

Electrocore LLC Account Relationship Matchups

Electrocore LLC fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets36.1M31.5M42.8M24.8M16.4M26.5M
Other Current Liab3.3M2.8M3.9M4.7M5.6M4.4M
Total Current Liabilities9.1M5.9M5.5M7.0M8.1M7.3M
Total Stockholder Equity24.9M23.6M36.6M17.1M7.4M7.8M
Net Tangible Assets23.2M23.0M36.1M16.3M18.8M19.7M
Property Plant And Equipment Net1.8M761.3K759.8K615K706K717.2K
Net Debt(11.5M)(1.2M)(33.9M)(17.0M)(10.0M)(10.5M)
Retained Earnings(83.5M)(107.0M)(124.2M)(146.4M)(165.2M)(173.5M)
Accounts Payable5.2M2.1M1.5M2.1M2.2M1.9M
Cash13.6M4.2M34.7M17.7M10.6M14.0M
Non Current Assets Total8.9M8.9M5.3M3.6M2.1M4.1M
Non Currrent Assets Other7.2M7.3M4.1M3.0M1.1M1.0M
Other Assets635.9K4.9M(10.0)3.5M4.0M4.2M
Cash And Short Term Investments13.6M22.6M34.7M17.7M10.6M20.5M
Net Receivables496.1K270.5K438.2K401K717K373.8K
Common Stock Total Equity40.2M29.5K29.8K45.6K41.0K39.0K
Common Stock Shares Outstanding2.0M2.6M3.9M4.7M5.5M5.7M
Liabilities And Stockholders Equity36.1M31.5M42.8M24.8M16.4M26.5M
Non Current Liabilities Total1.4M2.0M699.5K625K822K780.9K
Capital Surpluse22.6M103.8M107.8M130.2M149.7M81.9M
Inventory891.0K841.6K1.4M2.0M2.2M1.3M
Other Current Assets1.1M34.8K1.1M828K836K872.4K
Other Stockholder Equity108.4M130.8M160.8M163.5M172.7M181.3M
Total Liab10.6M7.9M6.2M7.7M8.9M8.5M
Property Plant And Equipment Gross1.8M244.0K759.8K615K706K646.1K
Total Current Assets26.5M22.6M37.5M21.2M14.3M23.4M
Accumulated Other Comprehensive Income(41.3K)(251.5K)12.7K(69K)(64K)(60.8K)
Common Stock29.8K45.6K70.7K5K6K5.7K
Property Plant Equipment1.8M244.0K759.8K615K707.3K627.4K
Net Invested Capital24.4M24.6M36.6M17.1M7.4M13.5M
Net Working Capital17.4M19.2M32.1M14.1M6.2M5.9M
Capital Stock29.8K45.6K70.7K5K6K5.7K
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 Electrocore LLC 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, Electrocore LLC's short interest history, or implied volatility extrapolated from Electrocore LLC options trading.

Pair Trading with Electrocore LLC

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

Moving against Electrocore Stock

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The ability to find closely correlated positions to Electrocore LLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrocore LLC 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 Electrocore LLC - 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 Electrocore LLC to buy it.
The correlation of Electrocore LLC 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 Electrocore LLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrocore LLC 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 Electrocore LLC 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 CorrelationCorrelation Matching
When determining whether Electrocore LLC is a strong investment it is important to analyze Electrocore LLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Electrocore LLC's future performance. For an informed investment choice regarding Electrocore Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocore LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running Electrocore LLC's price analysis, check to measure Electrocore LLC'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 Electrocore LLC is operating at the current time. Most of Electrocore LLC's value examination focuses on studying past and present price action to predict the probability of Electrocore LLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrocore LLC's price. Additionally, you may evaluate how the addition of Electrocore LLC to your portfolios can decrease your overall portfolio volatility.
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Is Electrocore LLC'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 Electrocore LLC. If investors know Electrocore 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 Electrocore LLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(3.42)
Revenue Per Share
2.907
Quarterly Revenue Growth
1.028
Return On Assets
(0.58)
Return On Equity
(1.54)
The market value of Electrocore LLC is measured differently than its book value, which is the value of Electrocore that is recorded on the company's balance sheet. Investors also form their own opinion of Electrocore LLC's value that differs from its market value or its book value, called intrinsic value, which is Electrocore LLC'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 Electrocore LLC's market value can be influenced by many factors that don't directly affect Electrocore LLC'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 Electrocore LLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrocore LLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrocore LLC'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.