Equillium Common Stock Total Equity vs Cash Analysis

EQ Stock

USD 1.70 0.08 4.49%

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

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

Common Stock Total Equity vs Cash

Common Stock Total Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equillium Common Stock Total Equity account and Cash. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Equillium's Common Stock Total Equity and Cash is 0.81. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Equillium, assuming nothing else is changed. The correlation between historical values of Equillium's Common Stock Total Equity 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 Common Stock Total Equity of Equillium 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 Common Stock Total Equity i.e., Equillium's Common Stock Total Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Cash

Cash refers to the most liquid asset of Equillium, which is listed under current asset account on Equillium balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Equillium customers. The amounts must be unrestricted with restricted cash listed in a different Equillium 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 Equillium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equillium 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 Equillium. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.

To learn how to invest in Equillium Stock, please use our How to Invest in Equillium guide.As of 05/09/2024, Selling General Administrative is likely to drop to about 10.3 M. In addition to that, Tax Provision is likely to drop to about 319 K

	2021	2022	2023	2024 (projected)
Other Operating Expenses	37.8M	54.8M	50.6M	38.1M
Depreciation And Amortization	72K	46.1M	126K	119.7K

Other Operating Expenses Depreciation And Amortization

Equillium fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		-0.22	0.31	0.62	0.92	0.57	0.96	0.71	-0.87	-0.73	0.55	0.86	0.71	0.07	-0.38	1.0	0.9	0.58	0.65	-0.19	0.9	0.96	0.9	0.55	0.76	0.68
Short Long Term Debt Total	-0.22		-0.52	-0.38	-0.16	-0.34	-0.34	-0.08	0.21	0.36	0.03	-0.08	-0.1	-0.25	0.64	-0.2	-0.21	-0.12	-0.66	0.97	-0.25	-0.09	-0.27	0.06	-0.27	-0.17
Other Current Liab	0.31	-0.52		0.2	0.3	0.41	0.46	0.33	-0.09	-0.37	-0.37	0.05	0.34	0.06	0.14	0.3	0.37	0.25	0.5	-0.67	0.36	0.28	0.34	-0.13	0.06	0.39
Total Current Liabilities	0.62	-0.38	0.2		0.29	0.9	0.46	0.75	-0.74	-0.97	0.81	0.73	0.76	0.39	-0.45	0.58	0.77	0.89	0.61	-0.25	0.78	0.71	0.84	0.89	0.29	0.78
Total Stockholder Equity	0.92	-0.16	0.3	0.29		0.27	0.96	0.51	-0.71	-0.44	0.27	0.68	0.51	-0.08	-0.34	0.94	0.75	0.3	0.56	-0.19	0.75	0.82	0.72	0.24	0.8	0.47
Other Liab	0.57	-0.34	0.41	0.9	0.27		0.44	0.9	-0.75	-0.93	0.61	0.75	0.9	0.63	-0.31	0.53	0.73	0.92	0.56	-0.27	0.76	0.64	0.81	0.77	0.02	0.91
Net Tangible Assets	0.96	-0.34	0.46	0.46	0.96	0.44		0.58	-0.75	-0.6	0.31	0.72	0.58	0.0	-0.37	0.96	0.82	0.41	0.69	-0.37	0.82	0.87	0.8	0.31	0.79	0.56
Property Plant And Equipment Net	0.71	-0.08	0.33	0.75	0.51	0.9	0.58		-0.86	-0.85	0.59	0.87	1.0	0.57	-0.27	0.67	0.84	0.91	0.47	-0.03	0.87	0.76	0.87	0.76	0.11	0.99
Net Debt	-0.87	0.21	-0.09	-0.74	-0.71	-0.75	-0.75	-0.86		0.79	-0.73	-0.99	-0.85	-0.49	0.59	-0.85	-0.83	-0.73	-0.55	0.11	-0.87	-0.83	-0.89	-0.72	-0.46	-0.82
Retained Earnings	-0.73	0.36	-0.37	-0.97	-0.44	-0.93	-0.6	-0.85	0.79		-0.72	-0.78	-0.86	-0.37	0.37	-0.69	-0.88	-0.93	-0.66	0.28	-0.89	-0.81	-0.93	-0.85	-0.33	-0.88
Accounts Payable	0.55	0.03	-0.37	0.81	0.27	0.61	0.31	0.59	-0.73	-0.72		0.76	0.59	0.28	-0.48	0.52	0.62	0.72	0.32	0.22	0.63	0.64	0.69	0.93	0.36	0.57
Cash	0.86	-0.08	0.05	0.73	0.68	0.75	0.72	0.87	-0.99	-0.78	0.76		0.86	0.47	-0.46	0.84	0.81	0.74	0.47	0.03	0.84	0.84	0.87	0.76	0.42	0.82
Non Current Assets Total	0.71	-0.1	0.34	0.76	0.51	0.9	0.58	1.0	-0.85	-0.86	0.59	0.86		0.56	-0.27	0.67	0.85	0.92	0.49	-0.05	0.87	0.76	0.88	0.76	0.12	0.99
Non Currrent Assets Other	0.07	-0.25	0.06	0.39	-0.08	0.63	0.0	0.57	-0.49	-0.37	0.28	0.47	0.56		-0.41	0.05	0.12	0.43	0.26	-0.16	0.22	0.03	0.25	0.32	-0.43	0.56
Long Term Debt	-0.38	0.64	0.14	-0.45	-0.34	-0.31	-0.37	-0.27	0.59	0.37	-0.48	-0.46	-0.27	-0.41		-0.36	-0.35	-0.27	-0.54	0.48	-0.42	-0.25	-0.44	-0.3	-0.42	-0.3
Cash And Short Term Investments	1.0	-0.2	0.3	0.58	0.94	0.53	0.96	0.67	-0.85	-0.69	0.52	0.84	0.67	0.05	-0.36		0.87	0.53	0.62	-0.18	0.87	0.95	0.87	0.51	0.77	0.63
Common Stock Total Equity	0.9	-0.21	0.37	0.77	0.75	0.73	0.82	0.84	-0.83	-0.88	0.62	0.81	0.85	0.12	-0.35	0.87		0.83	0.63	-0.18	0.99	0.94	0.98	0.73	0.57	0.85
Common Stock Shares Outstanding	0.58	-0.12	0.25	0.89	0.3	0.92	0.41	0.91	-0.73	-0.93	0.72	0.74	0.92	0.43	-0.27	0.53	0.83		0.46	-0.03	0.84	0.71	0.86	0.91	0.1	0.94
Long Term Debt Total	0.65	-0.66	0.5	0.61	0.56	0.56	0.69	0.47	-0.55	-0.66	0.32	0.47	0.49	0.26	-0.54	0.62	0.63	0.46		-0.64	0.69	0.61	0.7	0.34	0.53	0.53
Non Current Liabilities Total	-0.19	0.97	-0.67	-0.25	-0.19	-0.27	-0.37	-0.03	0.11	0.28	0.22	0.03	-0.05	-0.16	0.48	-0.18	-0.18	-0.03	-0.64		-0.21	-0.06	-0.22	0.2	-0.24	-0.12
Capital Surpluse	0.9	-0.25	0.36	0.78	0.75	0.76	0.82	0.87	-0.87	-0.89	0.63	0.84	0.87	0.22	-0.42	0.87	0.99	0.84	0.69	-0.21		0.93	0.99	0.74	0.55	0.88
Other Current Assets	0.96	-0.09	0.28	0.71	0.82	0.64	0.87	0.76	-0.83	-0.81	0.64	0.84	0.76	0.03	-0.25	0.95	0.94	0.71	0.61	-0.06	0.93		0.94	0.7	0.69	0.74
Other Stockholder Equity	0.9	-0.27	0.34	0.84	0.72	0.81	0.8	0.87	-0.89	-0.93	0.69	0.87	0.88	0.25	-0.44	0.87	0.98	0.86	0.7	-0.22	0.99	0.94		0.78	0.54	0.88
Total Liab	0.55	0.06	-0.13	0.89	0.24	0.77	0.31	0.76	-0.72	-0.85	0.93	0.76	0.76	0.32	-0.3	0.51	0.73	0.91	0.34	0.2	0.74	0.7	0.78		0.21	0.76
Net Invested Capital	0.76	-0.27	0.06	0.29	0.8	0.02	0.79	0.11	-0.46	-0.33	0.36	0.42	0.12	-0.43	-0.42	0.77	0.57	0.1	0.53	-0.24	0.55	0.69	0.54	0.21		0.1
Property Plant And Equipment Gross	0.68	-0.17	0.39	0.78	0.47	0.91	0.56	0.99	-0.82	-0.88	0.57	0.82	0.99	0.56	-0.3	0.63	0.85	0.94	0.53	-0.12	0.88	0.74	0.88	0.76	0.1

Click cells to compare fundamentals

Equillium Account Relationship Matchups

Equillium fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	55.5M	85.4M	85.4M	78.4M	50.5M	67.5M
Short Long Term Debt Total	9.7M	8.3M	10.0M	10.2M	824K	782.8K
Other Current Liab	2.0M	2.8M	5.9M	(6.1M)	6.7M	7.0M
Total Current Liabilities	3.9M	7.2M	8.9M	32.0M	27.6M	29.0M
Total Stockholder Equity	41.8M	69.9M	66.5M	31.9M	22.6M	21.4M
Other Liab	200K	127K	54K	10.4M	11.9M	12.5M
Net Tangible Assets	41.8M	69.9M	66.5M	31.9M	36.7M	50.0M
Property Plant And Equipment Net	93K	239K	1.6M	1.2M	1.1M	682.7K
Net Debt	(3.5M)	(15.7M)	(40.4M)	(48.9M)	(22.4M)	(23.5M)
Retained Earnings	(41.1M)	(70.9M)	(110.0M)	(172.4M)	(185.7M)	(176.5M)
Accounts Payable	1.9M	2.8M	1.2M	17.3M	4.7M	4.6M
Cash	13.2M	24.0M	50.4M	59.1M	23.2M	32.3M
Non Current Assets Total	108K	254K	1.6M	1.2M	1.2M	698.4K
Non Currrent Assets Other	(93K)	(239K)	153K	104K	70K	73.5K
Long Term Debt	9.7M	8.3M	8.8M	3.2M	3.7M	7.0M
Cash And Short Term Investments	53.1M	82.2M	80.7M	71.0M	40.9M	63.0M
Common Stock Shares Outstanding	17.4M	20.4M	28.8M	33.7M	34.7M	25.8M
Short Term Investments	39.9M	58.2M	30.3M	11.9M	17.7M	22.3M
Liabilities And Stockholders Equity	55.5M	85.4M	85.4M	78.4M	50.5M	67.5M
Non Current Liabilities Total	9.8M	8.3M	10.0M	14.4M	384K	364.8K
Capital Surpluse	80.4M	82.9M	141.1M	176.6M	203.1M	105.8M
Other Current Assets	2.4M	3.3M	3.0M	3.4M	2.2M	2.4M
Other Stockholder Equity	82.9M	141.1M	176.6M	204.3M	208.2M	140.4M
Total Liab	13.7M	15.6M	18.9M	46.5M	28.0M	21.1M
Net Invested Capital	51.5M	79.8M	8.8M	40.9M	22.6M	31.3M
Property Plant And Equipment Gross	93K	239K	1.6M	1.2M	1.5M	739.9K
Total Current Assets	55.5M	85.4M	83.8M	77.2M	49.3M	66.9M
Accumulated Other Comprehensive Income	21K	(297K)	(138K)	76K	140K	147K
Non Current Liabilities Other	127K	54K	1.2M	4.1M	4.7M	4.9M
Net Working Capital	51.5M	77.9M	74.8M	44.7M	21.8M	20.7M
Common Stock	789.0	1K	2K	3K	3.5K	1.9K
Property Plant Equipment	93K	239K	237K	1.6M	1.8M	1.9M
Other Assets	(108K)	(254K)	153K	3.4M	1.0	0.95

Pair Trading with Equillium

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

Moving together with Equillium Stock

0.67

VTYX

Ventyx Biosciences

Pair Corr

Moving against Equillium Stock

0.6	VRCA	Verrica Pharmaceuticals Financial Report 14th of May 2024	Pair Corr
0.46	VALN	Valneva SE ADR	Pair Corr
0.42	VIRI	Virios Therapeutics Llc	Pair Corr
0.42	ELYM	Eliem Therapeutics	Pair Corr

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

The correlation of Equillium 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 Equillium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equillium 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 Equillium 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 Equillium 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 Equillium 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 Equillium Stock. Highlighted below are key reports to facilitate an investment decision about Equillium Stock:

How To Invest In Equillium

Details

Is Equillium Stock a good investment?

Details

What is Equillium'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 Equillium. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.

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

You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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

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

Earnings Share

(0.38)

Revenue Per Share

1.039

Quarterly Revenue Growth

(0.42)

Return On Assets

(0.14)

Return On Equity

(0.49)

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

Common Stock Total Equity vs Cash

Common Stock Total Equity vs Cash Correlation Analysis

Correlation Coefficient

Common Stock Total Equity

Cash

Equillium fundamental ratios Correlations

Equillium Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Equillium fundamental ratios Accounts

Pair Trading with Equillium

Moving together with Equillium Stock

Moving against Equillium Stock

Complementary Tools for Equillium Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total
Capital Surpluse	+ 0.99	Common Stock Total Equity
Other Stockholder Equity	+ 0.99	Capital Surpluse

Cash	- 0.99	Net Debt
Retained Earnings	- 0.97	Total Current Liabilities
Other Stockholder Equity	- 0.93	Retained Earnings
Common Stock Shares Outstanding	- 0.93	Retained Earnings
Retained Earnings	- 0.93	Other Liab
Capital Surpluse	- 0.89	Retained Earnings