Eledon Capital Stock vs Accounts Payable Analysis

ELDN Stock

USD 2.41 0.11 4.78%

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

To learn how to invest in Eledon Stock, please use our How to Invest in Eledon Pharmaceuticals guide.

Capital Stock vs Accounts Payable

Capital Stock vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eledon Pharmaceuticals Capital Stock account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.

The correlation between Eledon Pharmaceuticals' Capital Stock and Accounts Payable is 0.39. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Eledon Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of Eledon Pharmaceuticals' Capital Stock and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Eledon Pharmaceuticals are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Capital Stock i.e., Eledon Pharmaceuticals' Capital Stock and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Accounts Payable

An accounting item on the balance sheet that represents Eledon Pharmaceuticals obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Eledon Pharmaceuticals are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Eledon Pharmaceuticals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eledon Pharmaceuticals 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 Eledon Pharmaceuticals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Eledon Stock, please use our How to Invest in Eledon Pharmaceuticals guide.Eledon Pharmaceuticals reported last year Tax Provision of (579,000). As of the 3rd of May 2024, Enterprise Value is likely to grow to about 74.2 M, while Selling General Administrative is likely to drop about 12.1 K.

Eledon Pharmaceuticals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock Total Equity	Common Stock	Short Term Investments	Short Long Term Debt Total	Net Tangible Assets	Current Deferred Revenue	Other Assets
Total Assets		0.31	0.49	0.94	0.53	-0.76	-0.44	0.66	0.76	0.85	-0.03	0.91	0.48	-0.31	0.48	0.8	-0.28	0.53	0.92	-0.15	-0.04	-0.18	-0.41	0.79	0.28	0.59
Other Current Liab	0.31		0.79	0.27	0.51	-0.22	-0.29	0.49	0.21	0.11	-0.21	0.43	0.28	-0.07	0.48	0.27	-0.03	0.51	0.44	0.07	0.1	0.33	0.02	0.16	0.13	-0.18
Total Current Liabilities	0.49	0.79		0.51	0.75	-0.32	-0.65	0.75	0.32	0.3	-0.32	0.56	0.44	-0.33	0.72	0.66	-0.27	0.75	0.57	0.14	0.15	0.06	-0.01	0.35	0.15	-0.13
Total Stockholder Equity	0.94	0.27	0.51		0.56	-0.75	-0.41	0.68	0.75	0.76	0.18	0.89	0.41	-0.61	0.46	0.82	-0.58	0.56	0.89	-0.29	-0.23	-0.4	-0.51	0.73	0.17	0.56
Property Plant And Equipment Net	0.53	0.51	0.75	0.56		-0.22	-0.58	0.78	0.23	0.53	-0.05	0.39	0.58	-0.37	0.62	0.74	-0.33	1.0	0.41	-0.18	-0.15	-0.29	-0.38	0.56	0.16	-0.08
Net Debt	-0.76	-0.22	-0.32	-0.75	-0.22		-0.05	-0.47	-1.0	-0.38	0.01	-0.87	0.08	0.39	0.01	-0.38	0.37	-0.22	-0.86	-0.08	0.06	0.25	0.08	-0.33	0.31	-0.59
Retained Earnings	-0.44	-0.29	-0.65	-0.41	-0.58	-0.05		-0.46	0.04	-0.57	0.28	-0.34	-0.83	0.08	-0.91	-0.77	0.03	-0.58	-0.36	0.06	-0.18	-0.06	0.25	-0.63	-0.71	0.1
Accounts Payable	0.66	0.49	0.75	0.68	0.78	-0.47	-0.46		0.47	0.6	-0.14	0.56	0.49	-0.38	0.48	0.71	-0.33	0.78	0.57	-0.12	-0.15	-0.25	-0.33	0.66	0.06	0.23
Cash	0.76	0.21	0.32	0.75	0.23	-1.0	0.04	0.47		0.38	-0.01	0.87	-0.08	-0.39	0.0	0.39	-0.38	0.23	0.86	0.08	-0.05	-0.26	-0.08	0.33	-0.32	0.58
Non Current Assets Total	0.85	0.11	0.3	0.76	0.53	-0.38	-0.57	0.6	0.38		0.07	0.61	0.77	-0.09	0.58	0.77	-0.07	0.53	0.62	-0.38	-0.21	-0.22	-0.63	0.96	0.54	0.48
Non Currrent Assets Other	-0.03	-0.21	-0.32	0.18	-0.05	0.01	0.28	-0.14	-0.01	0.07		-0.11	-0.04	-0.51	-0.21	-0.05	-0.55	-0.05	-0.11	-0.88	-0.88	-0.7	-0.73	0.14	-0.08	0.12
Cash And Short Term Investments	0.91	0.43	0.56	0.89	0.39	-0.87	-0.34	0.56	0.87	0.61	-0.11		0.27	-0.36	0.41	0.64	-0.32	0.39	1.0	0.05	0.05	-0.07	-0.17	0.55	0.09	0.54
Common Stock Shares Outstanding	0.48	0.28	0.44	0.41	0.58	0.08	-0.83	0.49	-0.08	0.77	-0.04	0.27		0.08	0.85	0.65	0.11	0.58	0.29	-0.37	-0.11	0.02	-0.53	0.8	0.8	-0.11
Non Current Liabilities Total	-0.31	-0.07	-0.33	-0.61	-0.37	0.39	0.08	-0.38	-0.39	-0.09	-0.51	-0.36	0.08		-0.11	-0.43	1.0	-0.37	-0.37	0.38	0.46	0.68	0.41	-0.15	0.24	-0.19
Other Current Assets	0.48	0.48	0.72	0.46	0.62	0.01	-0.91	0.48	0.0	0.58	-0.21	0.41	0.85	-0.11		0.7	-0.06	0.62	0.44	-0.08	0.14	0.16	-0.22	0.56	0.69	-0.25
Other Stockholder Equity	0.8	0.27	0.66	0.82	0.74	-0.38	-0.77	0.71	0.39	0.77	-0.05	0.64	0.65	-0.43	0.7		-0.39	0.74	0.66	-0.22	-0.03	-0.29	-0.48	0.79	0.45	0.33
Total Liab	-0.28	-0.03	-0.27	-0.58	-0.33	0.37	0.03	-0.33	-0.38	-0.07	-0.55	-0.32	0.11	1.0	-0.06	-0.39		-0.33	-0.33	0.4	0.49	0.7	0.42	-0.13	0.26	-0.2
Property Plant And Equipment Gross	0.53	0.51	0.75	0.56	1.0	-0.22	-0.58	0.78	0.23	0.53	-0.05	0.39	0.58	-0.37	0.62	0.74	-0.33		0.41	-0.18	-0.15	-0.29	-0.38	0.56	0.16	-0.08
Total Current Assets	0.92	0.44	0.57	0.89	0.41	-0.86	-0.36	0.57	0.86	0.62	-0.11	1.0	0.29	-0.37	0.44	0.66	-0.33	0.41		0.03	0.05	-0.07	-0.18	0.57	0.11	0.53
Common Stock Total Equity	-0.15	0.07	0.14	-0.29	-0.18	-0.08	0.06	-0.12	0.08	-0.38	-0.88	0.05	-0.37	0.38	-0.08	-0.22	0.4	-0.18	0.03		0.88	0.62	0.93	-0.5	-0.27	-0.14
Common Stock	-0.04	0.1	0.15	-0.23	-0.15	0.06	-0.18	-0.15	-0.05	-0.21	-0.88	0.05	-0.11	0.46	0.14	-0.03	0.49	-0.15	0.05	0.88		0.79	0.78	-0.33	0.17	-0.16
Short Term Investments	-0.18	0.33	0.06	-0.4	-0.29	0.25	-0.06	-0.25	-0.26	-0.22	-0.7	-0.07	0.02	0.68	0.16	-0.29	0.7	-0.29	-0.07	0.62	0.79		0.65	-0.31	0.34	-0.31
Short Long Term Debt Total	-0.41	0.02	-0.01	-0.51	-0.38	0.08	0.25	-0.33	-0.08	-0.63	-0.73	-0.17	-0.53	0.41	-0.22	-0.48	0.42	-0.38	-0.18	0.93	0.78	0.65		-0.74	-0.36	-0.33
Net Tangible Assets	0.79	0.16	0.35	0.73	0.56	-0.33	-0.63	0.66	0.33	0.96	0.14	0.55	0.8	-0.15	0.56	0.79	-0.13	0.56	0.57	-0.5	-0.33	-0.31	-0.74		0.54	0.48
Current Deferred Revenue	0.28	0.13	0.15	0.17	0.16	0.31	-0.71	0.06	-0.32	0.54	-0.08	0.09	0.8	0.24	0.69	0.45	0.26	0.16	0.11	-0.27	0.17	0.34	-0.36	0.54		-0.09
Other Assets	0.59	-0.18	-0.13	0.56	-0.08	-0.59	0.1	0.23	0.58	0.48	0.12	0.54	-0.11	-0.19	-0.25	0.33	-0.2	-0.08	0.53	-0.14	-0.16	-0.31	-0.33	0.48	-0.09

Click cells to compare fundamentals

Eledon Pharmaceuticals Account Relationship Matchups

Eledon Pharmaceuticals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.9M	197.2M	170.5M	92.8M	125.9M	81.1M
Other Current Liab	813K	973K	2.2M	3.9M	2.5M	2.2M
Total Current Liabilities	1.3M	2.5M	4.4M	6.5M	3.9M	3.7M
Total Stockholder Equity	9.5M	190.6M	164.0M	84.2M	83.4M	60.7M
Property Plant And Equipment Net	321K	138K	768K	739K	365K	278.2K
Net Debt	(8.5M)	(114.1M)	(84.1M)	(55.7M)	(4.2M)	(4.4M)
Retained Earnings	(57.6M)	(80.4M)	(114.9M)	(202.9M)	(243.2M)	(231.0M)
Accounts Payable	329K	1.4M	1.8M	2.2M	967K	1.0M
Cash	8.8M	114.2M	84.8M	56.4M	4.6M	4.4M
Non Current Assets Total	960K	81.6M	82.2M	33.3M	69.8M	73.3M
Non Currrent Assets Other	639K	383K	400K	150K	186K	309.2K
Cash And Short Term Investments	8.8M	114.2M	84.8M	56.4M	51.1M	53.7M
Common Stock Shares Outstanding	655.5K	1.5M	14.8M	14.3M	24.6M	25.9M
Liabilities And Stockholders Equity	10.9M	197.2M	170.5M	92.8M	125.9M	81.1M
Non Current Liabilities Total	144K	4.1M	2.2M	2.1M	38.6M	40.5M
Other Current Assets	54K	38K	3.5M	3.1M	5.0M	5.3M
Other Stockholder Equity	67.0M	271.0M	278.9M	287.0M	326.6M	166.9M
Total Liab	1.5M	6.6M	6.6M	8.6M	42.5M	44.6M
Property Plant And Equipment Gross	321K	138K	768K	739K	365K	278.2K
Total Current Assets	10.0M	115.6M	88.3M	59.5M	56.1M	56.0M
Common Stock Total Equity	7K	9K	13K	15K	13.5K	12.8K
Common Stock	9K	13K	15K	14K	24K	13.1K
Net Tangible Assets	12.6M	9.5M	109.6M	83.0M	95.4M	100.2M
Property Plant Equipment	14K	321K	138K	768K	883.2K	927.4K
Net Invested Capital	9.5M	190.6M	164.0M	84.2M	83.4M	88.9M
Net Working Capital	8.6M	113.1M	83.9M	53.0M	52.2M	53.5M

Pair Trading with Eledon Pharmaceuticals

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

Moving against Eledon Stock

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0.51	IPSC	Century Therapeutics Financial Report 9th of May 2024	Pair Corr
0.46	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.45	LGVN	Longeveron LLC Earnings Call This Week	Pair Corr
0.44	TXG	10X Genomics	Pair Corr

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

The correlation of Eledon Pharmaceuticals 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 Eledon Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eledon Pharmaceuticals 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 Eledon Pharmaceuticals 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 Eledon Pharmaceuticals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eledon Pharmaceuticals' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eledon Pharmaceuticals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eledon Pharmaceuticals Stock:

How To Invest In Eledon

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Is Eledon Stock a good investment?

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What is Eledon Pharmaceuticals' Net Worth?

Details

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

To learn how to invest in Eledon Stock, please use our How to Invest in Eledon Pharmaceuticals guide.

Note that the Eledon Pharmaceuticals information on this page should be used as a complementary analysis to other Eledon Pharmaceuticals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Eledon Stock analysis

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

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

Earnings Share

(1.64)

Return On Assets

(0.30)

Return On Equity

(0.48)

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

Capital Stock vs Accounts Payable

Capital Stock vs Accounts Payable Correlation Analysis

Correlation Coefficient

Capital Stock

Accounts Payable

Eledon Pharmaceuticals fundamental ratios Correlations

Eledon Pharmaceuticals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eledon Pharmaceuticals fundamental ratios Accounts

Pair Trading with Eledon Pharmaceuticals

Moving against Eledon Stock

Complementary Tools for Eledon Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 1.0	Non Current Liabilities Total
Net Tangible Assets	+ 0.96	Non Current Assets Total
Total Stockholder Equity	+ 0.94	Total Assets
Short Long Term Debt Total	+ 0.93	Common Stock Total Equity

Cash	- 1.0	Net Debt
Other Current Assets	- 0.91	Retained Earnings
Common Stock	- 0.88	Non Currrent Assets Other
Common Stock Total Equity	- 0.88	Non Currrent Assets Other
Cash And Short Term Investments	- 0.87	Net Debt
Total Current Assets	- 0.86	Net Debt