RadNet Reconciled Depreciation vs Selling General Administrative Analysis
RDNT Stock | USD 58.23 0.26 0.44% |
RadNet financial indicator trend analysis is much more than just breaking down RadNet Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RadNet Inc is a good investment. Please check the relationship between RadNet Reconciled Depreciation and its Selling General Administrative accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RadNet Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Reconciled Depreciation vs Selling General Administrative
Reconciled Depreciation vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RadNet Inc Reconciled Depreciation account and Selling General Administrative. At this time, the significance of the direction appears to have almost identical trend.
The correlation between RadNet's Reconciled Depreciation and Selling General Administrative is 0.92. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of RadNet Inc, assuming nothing else is changed. The correlation between historical values of RadNet's Reconciled Depreciation 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 Reconciled Depreciation of RadNet Inc 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 Reconciled Depreciation i.e., RadNet's Reconciled Depreciation and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Reconciled Depreciation
Selling General Administrative
Most indicators from RadNet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RadNet Inc 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in RadNet Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, RadNet's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 258.1 M in 2024, whereas Tax Provision is likely to drop slightly above 9.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 48.8M | 50.8M | 64.5M | 36.6M | Depreciation And Amortization | 182.2M | 196.8M | 189.5M | 199.0M |
RadNet fundamental ratios Correlations
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RadNet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RadNet fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6B | 1.8B | 2.1B | 2.4B | 2.9B | 3.0B | |
Short Long Term Debt Total | 1.2B | 1.2B | 1.4B | 1.5B | 1.5B | 1.6B | |
Other Current Liab | 14.3M | 14.0M | 23.5M | 23.1M | 236.0M | 247.8M | |
Total Current Liabilities | 326.0M | 398.1M | 374.8M | 466.7M | 437.5M | 459.3M | |
Total Stockholder Equity | 151.7M | 165.7M | 228.9M | 333.0M | 630.7M | 662.2M | |
Property Plant And Equipment Net | 812.2M | 883.0M | 1.1B | 1.2B | 1.2B | 1.3B | |
Current Deferred Revenue | 1.3M | 39.3M | 10.7M | 4.0M | 4.6M | 6.7M | |
Net Debt | 1.1B | 1.1B | 1.3B | 1.4B | 1.1B | 1.2B | |
Retained Earnings | (103.2M) | (118.0M) | (93.3M) | (82.6M) | (79.6M) | (83.6M) | |
Accounts Payable | 206.2M | 236.7M | 263.9M | 369.6M | 122.9M | 95.8M | |
Cash | 40.2M | 102.0M | 134.6M | 127.8M | 342.6M | 359.7M | |
Non Current Assets Total | 1.4B | 1.5B | 1.7B | 2.1B | 2.3B | 2.4B | |
Non Currrent Assets Other | 38.6M | 38.8M | 38.2M | (160.9M) | 48.0M | 50.4M | |
Cash And Short Term Investments | 40.2M | 102.0M | 134.6M | 127.8M | 342.6M | 359.7M | |
Net Receivables | 156.0M | 135.4M | 140.4M | 185.3M | 189.0M | 99.6M | |
Good Will | 441.0M | 472.9M | 513.8M | 677.7M | 679.5M | 811.6M | |
Common Stock Shares Outstanding | 50.2M | 50.9M | 53.4M | 57.3M | 64.7M | 38.4M | |
Liabilities And Stockholders Equity | 1.6B | 1.8B | 2.1B | 2.4B | 2.9B | 3.0B | |
Non Current Liabilities Total | 1.1B | 1.1B | 1.3B | 1.5B | 1.6B | 1.7B | |
Other Current Assets | 43.6M | 33.0M | 49.2M | 54.0M | 47.7M | 50.0M | |
Other Stockholder Equity | 262.9M | 307.8M | 342.6M | 436.3M | 722.8M | 758.9M | |
Total Liab | 1.4B | 1.5B | 1.7B | 1.9B | 2.1B | 2.2B | |
Property Plant And Equipment Gross | 812.2M | 883.0M | 1.1B | 1.2B | 2.0B | 2.1B | |
Total Current Assets | 241.8M | 270.4M | 324.3M | 367.2M | 579.3M | 608.2M | |
Short Term Debt | 104.2M | 108.2M | 76.6M | 70.0M | 74.0M | 44.0M | |
Intangible Assets | 43.0M | 52.4M | 56.6M | 106.2M | 90.6M | 48.6M | |
Other Liab | 9.5M | 53.5M | 16.4M | 32.3M | 37.1M | 21.6M | |
Other Assets | 73.1M | 73.4M | 53.0M | 55.5M | 63.8M | 67.0M | |
Long Term Debt | 652.7M | 612.9M | 743.5M | 839.3M | 812.1M | 852.7M | |
Accumulated Other Comprehensive Income | (8.0M) | (24.1M) | (20.4M) | (20.7M) | (12.5M) | (13.1M) | |
Property Plant Equipment | 366.7M | 883.0M | 1.1B | 566.0M | 650.9M | 683.4M | |
Net Tangible Assets | (332.3M) | (359.5M) | (341.5M) | (450.9M) | (405.8M) | (385.5M) | |
Noncontrolling Interest In Consolidated Entity | 81.5M | 92.6M | 117.3M | 158.5M | 182.2M | 191.3M | |
Retained Earnings Total Equity | (103.2M) | (118.0M) | (93.3M) | (82.6M) | (74.4M) | (78.1M) | |
Long Term Debt Total | 652.7M | 612.9M | 743.5M | 839.3M | 965.2M | 1.0B |
Pair Trading with RadNet
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 RadNet 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 RadNet will appreciate offsetting losses from the drop in the long position's value.Moving against RadNet Stock
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The ability to find closely correlated positions to RadNet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RadNet 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 RadNet - 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 RadNet Inc to buy it.
The correlation of RadNet 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 RadNet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RadNet Inc 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 RadNet 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in RadNet Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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When running RadNet's price analysis, check to measure RadNet'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 RadNet is operating at the current time. Most of RadNet's value examination focuses on studying past and present price action to predict the probability of RadNet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RadNet's price. Additionally, you may evaluate how the addition of RadNet to your portfolios can decrease your overall portfolio volatility.
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Is RadNet'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 RadNet. If investors know RadNet 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 RadNet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 24 | Earnings Share 0.37 | Revenue Per Share 24.936 | Quarterly Revenue Growth 0.105 | Return On Assets 0.0235 |
The market value of RadNet Inc is measured differently than its book value, which is the value of RadNet that is recorded on the company's balance sheet. Investors also form their own opinion of RadNet's value that differs from its market value or its book value, called intrinsic value, which is RadNet'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 RadNet's market value can be influenced by many factors that don't directly affect RadNet'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 RadNet's value and its price as these two are different measures arrived at by different means. Investors typically determine if RadNet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RadNet'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.