Equillium Ebitda vs Selling General Administrative Analysis
EQ Stock | USD 1.71 0.10 5.52% |
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 Ebitda and its Selling General Administrative 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.
Ebitda vs Selling General Administrative
Ebitda vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equillium Ebitda account and Selling General Administrative. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Equillium's Ebitda and Selling General Administrative is -0.66. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Equillium, assuming nothing else is changed. The correlation between historical values of Equillium's Ebitda and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Equillium are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Ebitda i.e., Equillium's Ebitda and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Ebitda
Selling General Administrative
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 04/27/2024, 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 |
Equillium fundamental ratios Correlations
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Equillium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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 Equillium 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, Equillium's short interest history, or implied volatility extrapolated from Equillium options trading.
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
0.61 | A | Agilent Technologies Financial Report 28th of May 2024 | PairCorr |
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.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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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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.