Orthopediatrics Other Liab vs Cash Analysis
KIDS Stock | USD 32.53 0.51 1.59% |
Orthopediatrics Corp financial indicator trend analysis is much more than just breaking down Orthopediatrics Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orthopediatrics Corp is a good investment. Please check the relationship between Orthopediatrics Corp Other Liab and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Orthopediatrics Corp. 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. For more information on how to buy Orthopediatrics Stock please use our How to Invest in Orthopediatrics Corp guide.
Other Liab vs Cash
Other Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orthopediatrics Corp Other Liab account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Orthopediatrics Corp's Other Liab and Cash is -0.03. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Orthopediatrics Corp, assuming nothing else is changed. The correlation between historical values of Orthopediatrics Corp's Other Liab 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 Other Liab of Orthopediatrics Corp 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 Other Liab i.e., Orthopediatrics Corp's Other Liab and Cash go up and down completely randomly.
Correlation Coefficient | -0.03 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Liab
Cash
Cash refers to the most liquid asset of Orthopediatrics Corp, which is listed under current asset account on Orthopediatrics Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Orthopediatrics Corp customers. The amounts must be unrestricted with restricted cash listed in a different Orthopediatrics Corp 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 Orthopediatrics Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orthopediatrics Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Orthopediatrics Corp. 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. For more information on how to buy Orthopediatrics Stock please use our How to Invest in Orthopediatrics Corp guide.Selling General Administrative is likely to gain to about 79.2 M in 2024, whereas Discontinued Operations is likely to drop (988.5 K) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.2M | 2.4M | 198K | 188.1K | Depreciation And Amortization | 11.8M | 11.3M | 17.4M | 18.3M |
Orthopediatrics Corp fundamental ratios Correlations
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Orthopediatrics Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orthopediatrics Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 194.6M | 320.4M | 304.3M | 427.7M | 449.6M | 472.1M | |
Short Long Term Debt Total | 26.3M | 1.5M | 1.0M | 907K | 23.8M | 24.9M | |
Other Current Liab | 2.7M | 1.7M | 2.0M | 13.6M | 18.7M | 19.7M | |
Total Current Liabilities | 13.7M | 35.0M | 29.7M | 30.9M | 41.7M | 43.7M | |
Total Stockholder Equity | 142.4M | 234.8M | 225.4M | 378.6M | 377.0M | 395.9M | |
Net Tangible Assets | 109.6M | 100.0M | 83.3M | 211.9M | 243.7M | 255.9M | |
Property Plant And Equipment Net | 21.3M | 27.2M | 28.5M | 34.3M | 41.0M | 21.9M | |
Current Deferred Revenue | 4.3M | 23.1M | 18.2M | 6.0M | 6.8M | 7.8M | |
Net Debt | (44.5M) | (27.3M) | (6.6M) | (8.1M) | (9.3M) | (9.7M) | |
Retained Earnings | (128.8M) | (161.8M) | (178.0M) | (176.8M) | (197.7M) | (207.6M) | |
Accounts Payable | 6.5M | 10.0M | 9.3M | 11.2M | 12.6M | 7.2M | |
Cash | 70.8M | 28.8M | 7.6M | 9.0M | 33.0M | 29.1M | |
Non Current Assets Total | 66.5M | 162.0M | 170.6M | 201.0M | 223.1M | 234.2M | |
Long Term Debt | 26.1M | 1.0M | 907K | 763K | 9.9M | 10.3M | |
Cash And Short Term Investments | 70.8M | 83.9M | 53.5M | 118.3M | 82.3M | 57.7M | |
Net Receivables | 16.6M | 17.5M | 17.9M | 24.8M | 34.6M | 36.3M | |
Common Stock Shares Outstanding | 14.6M | 18.1M | 19.3M | 20.9M | 22.7M | 14.9M | |
Liabilities And Stockholders Equity | 194.6M | 320.4M | 304.3M | 427.7M | 449.6M | 472.1M | |
Non Current Liabilities Total | 38.5M | 50.6M | 49.2M | 18.2M | 30.9M | 30.7M | |
Inventory | 38M | 53.0M | 57.6M | 78.2M | 105.9M | 111.1M | |
Other Current Assets | 2.7M | 4.0M | 4.6M | 4.0M | 3.8M | 2.4M | |
Other Stockholder Equity | 271.2M | 388.6M | 394.9M | 560.8M | 580.3M | 609.3M | |
Total Liab | 52.2M | 85.6M | 78.9M | 49.1M | 72.6M | 51.2M | |
Property Plant And Equipment Gross | 21.3M | 27.2M | 51.6M | 65.1M | 80.6M | 84.7M | |
Short Long Term Debt | 124K | 131K | 137K | 144K | 152K | 134.6K | |
Total Current Assets | 128.1M | 158.4M | 133.6M | 226.7M | 226.5M | 122.2M | |
Accumulated Other Comprehensive Income | (3K) | 7.9M | 8.5M | (5.4M) | (5.5M) | (5.2M) | |
Short Term Debt | 124K | 131K | 137K | 144K | 10.3M | 10.8M | |
Intangible Assets | 19.0M | 64.2M | 69.8M | 79.9M | 84.6M | 88.8M | |
Property Plant Equipment | 21.3M | 27.2M | 28.5M | 34.3M | 39.4M | 41.4M | |
Other Assets | 1.6M | 1.9M | 2.2M | 14.0K | 12.6K | 11.9K | |
Capital Surpluse | 271.2M | 388.6M | 394.9M | 560.8M | 644.9M | 677.2M | |
Non Currrent Assets Other | (54.1M) | 8.2M | 9.5M | (6.0M) | 1.1M | 1.1M | |
Retained Earnings Total Equity | (128.8M) | (161.8M) | (178.0M) | (176.8M) | (159.1M) | (167.0M) |
Pair Trading with Orthopediatrics Corp
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 Orthopediatrics Corp 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 Orthopediatrics Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Orthopediatrics Stock
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The ability to find closely correlated positions to Orthopediatrics Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orthopediatrics Corp 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 Orthopediatrics Corp - 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 Orthopediatrics Corp to buy it.
The correlation of Orthopediatrics Corp 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 Orthopediatrics Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orthopediatrics Corp 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 Orthopediatrics Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Orthopediatrics Corp. 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. For more information on how to buy Orthopediatrics Stock please use our How to Invest in Orthopediatrics Corp guide.Note that the Orthopediatrics Corp information on this page should be used as a complementary analysis to other Orthopediatrics Corp's 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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Is Orthopediatrics Corp'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 Orthopediatrics Corp. If investors know Orthopediatrics 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 Orthopediatrics Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.96) | Revenue Per Share 7.112 | Quarterly Revenue Growth 0.415 | Return On Assets (0.04) | Return On Equity (0.06) |
The market value of Orthopediatrics Corp is measured differently than its book value, which is the value of Orthopediatrics that is recorded on the company's balance sheet. Investors also form their own opinion of Orthopediatrics Corp's value that differs from its market value or its book value, called intrinsic value, which is Orthopediatrics Corp'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 Orthopediatrics Corp's market value can be influenced by many factors that don't directly affect Orthopediatrics Corp'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 Orthopediatrics Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Orthopediatrics Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orthopediatrics Corp'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.