EXACT Intangible Assets vs Long Term Investments Analysis

EXAS Stock

USD 58.85 0.06 0.10%

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

For more information on how to buy EXACT Stock please use our How to Invest in EXACT Sciences guide.

Intangible Assets vs Long Term Investments

Intangible Assets vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EXACT Sciences Intangible Assets account and Long Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between EXACT Sciences' Intangible Assets and Long Term Investments is -0.55. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of EXACT Sciences, assuming nothing else is changed. The correlation between historical values of EXACT Sciences' Intangible Assets and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of EXACT Sciences are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Intangible Assets i.e., EXACT Sciences' Intangible Assets and Long Term Investments go up and down completely randomly.

Correlation Coefficient

-0.55

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Long Term Investments

Long Term Investments is an item on the asset side of EXACT Sciences balance sheet that represents investments EXACT Sciences intends to hold for over a year. EXACT Sciences long term investments may include different instruments such as stocks, bonds, real estate and cash.

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

For more information on how to buy EXACT Stock please use our How to Invest in EXACT Sciences guide.At this time, EXACT Sciences' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 2.5 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (1.1 K).

	2021	2022	2023	2024 (projected)
Non Recurring	20.2M	16.0M	14.4M	13.7M
Reconciled Depreciation	180.3M	197.6M	206.6M	131.5M

Non Recurring Reconciled Depreciation

EXACT Sciences fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Common Stock Total Equity	Other Current Assets	Property Plant And Equipment Gross	Common Stock	Intangible Assets	Property Plant Equipment	Good Will	Other Liab	Short Term Investments
Total Assets		0.99	0.9	0.64	0.9	0.65	0.89	0.99	0.99	0.79	0.47	0.97	0.99	-0.97	0.97	0.99	-0.91	0.9	0.97	0.96	0.88	0.98	0.99	0.99	0.91	0.29
Total Stockholder Equity	0.99		0.86	0.67	0.91	0.67	0.9	0.99	0.97	0.8	0.45	0.97	0.99	-0.94	0.94	0.97	-0.87	0.9	0.95	0.94	0.89	0.96	0.98	0.97	0.86	0.27
Net Debt	0.9	0.86		0.27	0.7	0.36	0.79	0.9	0.93	0.52	0.54	0.78	0.91	-0.92	0.95	0.94	-0.88	0.79	0.96	0.9	0.77	0.95	0.93	0.94	0.96	0.3
Cash	0.64	0.67	0.27		0.75	0.86	0.58	0.64	0.6	0.87	0.12	0.8	0.61	-0.58	0.52	0.54	-0.49	0.59	0.5	0.59	0.59	0.49	0.58	0.54	0.38	0.14
Other Assets	0.9	0.91	0.7	0.75		0.76	0.75	0.87	0.88	0.85	0.32	0.94	0.85	-0.81	0.8	0.86	-0.87	0.73	0.8	0.78	0.74	0.85	0.86	0.86	0.78	0.32
Cash And Short Term Investments	0.65	0.67	0.36	0.86	0.76		0.69	0.65	0.63	0.98	0.17	0.78	0.61	-0.61	0.58	0.52	-0.54	0.66	0.52	0.54	0.69	0.48	0.61	0.52	0.41	0.62
Common Stock Shares Outstanding	0.89	0.9	0.79	0.58	0.75	0.69		0.92	0.88	0.8	0.41	0.87	0.9	-0.92	0.89	0.86	-0.77	0.99	0.89	0.87	1.0	0.84	0.9	0.85	0.79	0.46
Other Stockholder Equity	0.99	0.99	0.9	0.64	0.87	0.65	0.92		0.99	0.78	0.48	0.96	0.99	-0.98	0.97	0.98	-0.9	0.93	0.98	0.97	0.91	0.97	0.99	0.98	0.91	0.28
Total Liab	0.99	0.97	0.93	0.6	0.88	0.63	0.88	0.99		0.77	0.49	0.96	0.98	-0.98	0.98	0.98	-0.93	0.88	0.98	0.96	0.86	0.97	0.99	0.98	0.94	0.31
Total Current Assets	0.79	0.8	0.52	0.87	0.85	0.98	0.8	0.78	0.77		0.25	0.89	0.76	-0.74	0.72	0.68	-0.67	0.77	0.68	0.7	0.79	0.65	0.75	0.68	0.57	0.57
Other Current Liab	0.47	0.45	0.54	0.12	0.32	0.17	0.41	0.48	0.49	0.25		0.37	0.5	-0.52	0.5	0.5	-0.62	0.36	0.45	0.37	0.4	0.5	0.43	0.5	0.45	0.15
Total Current Liabilities	0.97	0.97	0.78	0.8	0.94	0.78	0.87	0.96	0.96	0.89	0.37		0.95	-0.92	0.91	0.93	-0.86	0.87	0.91	0.92	0.86	0.9	0.95	0.93	0.83	0.3
Property Plant And Equipment Net	0.99	0.99	0.91	0.61	0.85	0.61	0.9	0.99	0.98	0.76	0.5	0.95		-0.96	0.96	0.98	-0.86	0.9	0.98	0.97	0.89	0.97	0.99	0.98	0.89	0.28
Retained Earnings	-0.97	-0.94	-0.92	-0.58	-0.81	-0.61	-0.92	-0.98	-0.98	-0.74	-0.52	-0.92	-0.96		-0.98	-0.96	0.9	-0.92	-0.97	-0.96	-0.9	-0.94	-0.96	-0.96	-0.93	-0.29
Accounts Payable	0.97	0.94	0.95	0.52	0.8	0.58	0.89	0.97	0.98	0.72	0.5	0.91	0.96	-0.98		0.97	-0.9	0.89	0.99	0.96	0.87	0.96	0.98	0.96	0.95	0.34
Non Current Assets Total	0.99	0.97	0.94	0.54	0.86	0.52	0.86	0.98	0.98	0.68	0.5	0.93	0.98	-0.96	0.97		-0.91	0.87	0.99	0.96	0.85	1.0	0.99	1.0	0.94	0.2
Non Currrent Assets Other	-0.91	-0.87	-0.88	-0.49	-0.87	-0.54	-0.77	-0.9	-0.93	-0.67	-0.62	-0.86	-0.86	0.9	-0.9	-0.91		-0.74	-0.88	-0.8	-0.74	-0.91	-0.88	-0.92	-0.93	-0.32
Common Stock Total Equity	0.9	0.9	0.79	0.59	0.73	0.66	0.99	0.93	0.88	0.77	0.36	0.87	0.9	-0.92	0.89	0.87	-0.74		0.9	0.9	0.99	0.85	0.91	0.86	0.79	0.38
Other Current Assets	0.97	0.95	0.96	0.5	0.8	0.52	0.89	0.98	0.98	0.68	0.45	0.91	0.98	-0.97	0.99	0.99	-0.88	0.9		0.98	0.87	0.98	0.99	0.98	0.95	0.26
Property Plant And Equipment Gross	0.96	0.94	0.9	0.59	0.78	0.54	0.87	0.97	0.96	0.7	0.37	0.92	0.97	-0.96	0.96	0.96	-0.8	0.9	0.98		0.85	0.94	0.97	0.96	0.9	0.17
Common Stock	0.88	0.89	0.77	0.59	0.74	0.69	1.0	0.91	0.86	0.79	0.4	0.86	0.89	-0.9	0.87	0.85	-0.74	0.99	0.87	0.85		0.83	0.89	0.84	0.75	0.44
Intangible Assets	0.98	0.96	0.95	0.49	0.85	0.48	0.84	0.97	0.97	0.65	0.5	0.9	0.97	-0.94	0.96	1.0	-0.91	0.85	0.98	0.94	0.83		0.98	1.0	0.94	0.2
Property Plant Equipment	0.99	0.98	0.93	0.58	0.86	0.61	0.9	0.99	0.99	0.75	0.43	0.95	0.99	-0.96	0.98	0.99	-0.88	0.91	0.99	0.97	0.89	0.98		0.98	0.92	0.31
Good Will	0.99	0.97	0.94	0.54	0.86	0.52	0.85	0.98	0.98	0.68	0.5	0.93	0.98	-0.96	0.96	1.0	-0.92	0.86	0.98	0.96	0.84	1.0	0.98		0.95	0.18
Other Liab	0.91	0.86	0.96	0.38	0.78	0.41	0.79	0.91	0.94	0.57	0.45	0.83	0.89	-0.93	0.95	0.94	-0.93	0.79	0.95	0.9	0.75	0.94	0.92	0.95		0.23
Short Term Investments	0.29	0.27	0.3	0.14	0.32	0.62	0.46	0.28	0.31	0.57	0.15	0.3	0.28	-0.29	0.34	0.2	-0.32	0.38	0.26	0.17	0.44	0.2	0.31	0.18	0.23

Click cells to compare fundamentals

EXACT Sciences Account Relationship Matchups

EXACT Sciences fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.5B	4.9B	6.7B	6.2B	6.5B	6.8B
Total Stockholder Equity	2.3B	2.8B	3.4B	3.0B	3.1B	3.3B
Net Debt	769.0M	(27.1M)	2.0B	2.2B	1.9B	2.0B
Cash	177.3M	1.5B	315.5M	242.5M	605.4M	635.6M
Other Assets	20.3M	63.8M	74.6M	36.7M	42.2M	44.3M
Cash And Short Term Investments	323.7M	1.8B	1.0B	632.1M	777.6M	816.5M
Common Stock Shares Outstanding	131.3M	151.1M	171.3M	176.4M	180.1M	189.2M
Liabilities And Stockholders Equity	3.5B	4.9B	6.7B	6.2B	6.5B	6.8B
Other Stockholder Equity	3.4B	4.8B	6.0B	6.3B	6.6B	6.9B
Total Liab	1.2B	2.1B	3.3B	3.2B	3.3B	3.5B
Total Current Assets	557.0M	2.2B	1.4B	982.3M	1.2B	1.3B
Other Current Liab	8.5M	38.3M	31.0M	306.4M	14.8M	20.2M
Total Current Liabilities	236.5M	575.8M	517.1M	412.7M	514.7M	540.4M
Property Plant And Equipment Net	581.8M	576.6M	754.5M	851.8M	842.1M	884.2M
Retained Earnings	(1.1B)	(2.0B)	(2.6B)	(3.3B)	(3.5B)	(3.3B)
Accounts Payable	26.0M	35.7M	67.8M	74.9M	78.8M	82.8M
Non Current Assets Total	2.9B	2.7B	5.3B	5.2B	5.3B	5.5B
Non Currrent Assets Other	20.3M	(193.1M)	(451.3M)	(425.5M)	(287.5M)	(273.2M)
Common Stock Total Equity	1.5M	1.6M	1.7M	1.8M	2.0M	2.1M
Other Current Assets	40.9M	33.2M	74.1M	73.9M	85.6M	89.9M
Property Plant And Equipment Gross	581.8M	576.6M	754.5M	851.8M	1.3B	1.3B
Accumulated Other Comprehensive Income	(100K)	526K	(1.4M)	(5.2M)	1.4M	1.5M
Common Stock	1.5M	1.6M	1.7M	1.8M	1.8M	1.9M
Intangible Assets	1.1B	848.4M	2.1B	2.0B	1.9B	2.0B
Property Plant Equipment	455.3M	450.7M	754.5M	684.8M	787.5M	826.8M
Good Will	1.2B	1.2B	2.3B	2.3B	2.4B	2.5B
Other Liab	28.1M	61.6M	417.8M	345.1M	396.8M	416.7M
Short Term Investments	146.4M	348.7M	715.0M	389.6M	172.3M	222.6M
Non Current Liabilities Total	981.2M	1.5B	2.8B	2.8B	2.8B	3.0B
Current Deferred Revenue	193.3M	233.6M	398.6M	3.1M	341.7M	358.8M
Short Long Term Debt Total	946.3M	1.5B	2.4B	2.4B	2.6B	2.7B
Long Term Debt	827.6M	1.3B	2.2B	2.2B	2.3B	2.4B
Net Tangible Assets	(58.7M)	737.4M	(1.0B)	697.1M	627.4M	658.8M
Retained Earnings Total Equity	(1.1B)	(2.0B)	(2.6B)	(3.3B)	(2.9B)	(2.8B)
Long Term Debt Total	4.3M	688.8M	827.6M	2.2B	2.5B	2.6B
Capital Surpluse	3.4B	4.8B	6.0B	6.3B	7.3B	7.6B
Inventory	61.7M	92.3M	105.0M	118.3M	127.5M	133.8M
Non Current Liabilities Other	34.9M	61.6M	417.8M	352.5M	336.0M	352.8M
Short Term Debt	8.7M	268.3M	19.7M	28.4M	79.4M	83.3M

EXACT Sciences Investors Sentiment

The influence of EXACT Sciences' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in EXACT. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to EXACT Sciences' public news can be used to forecast risks associated with an investment in EXACT. The trend in average sentiment can be used to explain how an investor holding EXACT can time the market purely based on public headlines and social activities around EXACT Sciences. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

EXACT Sciences' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for EXACT Sciences' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average EXACT Sciences' news discussions. The higher the estimated score, the more favorable is the investor's outlook on EXACT Sciences.

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 EXACT Sciences 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, EXACT Sciences' short interest history, or implied volatility extrapolated from EXACT Sciences options trading.

Pair Trading with EXACT Sciences

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

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

The correlation of EXACT Sciences 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 EXACT Sciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EXACT Sciences 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 EXACT Sciences 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 EXACT Sciences is a strong investment it is important to analyze EXACT Sciences' 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 EXACT Sciences' future performance. For an informed investment choice regarding EXACT Stock, refer to the following important reports:

How To Invest In EXACT

Details

Is EXACT Stock a good investment?

Details

What is EXACT Sciences' Net Worth?

Details

Largest Biotechnology Companies

View

Largest Pharmaceuticals, Biotechnology & Life Sciences Companies

View

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

For more information on how to buy EXACT Stock please use our How to Invest in EXACT Sciences guide.

Note that the EXACT Sciences information on this page should be used as a complementary analysis to other EXACT Sciences' 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for EXACT Stock analysis

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

	Transaction History View history of all your transactions and understand their impact on performance
	Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges
	Economic Indicators Top statistical indicators that provide insights into how an economy is performing
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators
	Equity Valuation Check real value of public entities based on technical and fundamental data
	Money Managers Screen money managers from public funds and ETFs managed around the world
	Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities
	Fundamental Analysis View fundamental data based on most recent published financial statements
	Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
	Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets

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

Earnings Share

(1.13)

Revenue Per Share

13.876

Quarterly Revenue Growth

0.17

Return On Assets

(0.03)

Return On Equity

(0.07)

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

EXACT Intangible Assets vs Long Term Investments Analysis

Intangible Assets vs Long Term Investments

Intangible Assets vs Long Term Investments Correlation Analysis

Correlation Coefficient

Intangible Assets

Long Term Investments

EXACT Sciences fundamental ratios Correlations

EXACT Sciences Account Relationship Matchups

High Positive Relationship

High Negative Relationship

EXACT Sciences fundamental ratios Accounts

EXACT Sciences Investors Sentiment

Pair Trading with EXACT Sciences

Complementary Tools for EXACT Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Shares Outstanding
Intangible Assets	+ 1.0	Non Current Assets Total
Good Will	+ 1.0	Non Current Assets Total
Good Will	+ 1.0	Intangible Assets
Total Stockholder Equity	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets

Accounts Payable	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Total Liab
Retained Earnings	- 0.98	Other Stockholder Equity
Other Current Assets	- 0.97	Retained Earnings
Retained Earnings	- 0.97	Total Assets
Good Will	- 0.96	Retained Earnings