Senseonics Other Assets vs Cash And Short Term Investments Analysis
SENS Stock | USD 0.49 0.01 2.00% |
Senseonics Holdings financial indicator trend analysis is much more than just breaking down Senseonics Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Senseonics Holdings is a good investment. Please check the relationship between Senseonics Holdings Other Assets and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Senseonics Holdings. 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. For more information on how to buy Senseonics Stock please use our How to Invest in Senseonics Holdings guide.
Other Assets vs Cash And Short Term Investments
Other Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Senseonics Holdings Other Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Senseonics Holdings' Other Assets and Cash And Short Term Investments is 0.39. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Senseonics Holdings, assuming nothing else is changed. The correlation between historical values of Senseonics Holdings' Other Assets and Cash And Short 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 Other Assets of Senseonics Holdings are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Assets i.e., Senseonics Holdings' Other Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.39 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Assets
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Senseonics Holdings balance sheet. This account contains Senseonics Holdings investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Senseonics Holdings fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Senseonics Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Senseonics Holdings 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Senseonics Holdings. 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. For more information on how to buy Senseonics Stock please use our How to Invest in Senseonics Holdings guide.Issuance Of Capital Stock is likely to gain to about 35.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 21.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 243K | 1.8M | 4.8M | 5.1M | Income Tax Expense | 15.3M | 18.7M | 21.5M | 22.6M |
Senseonics Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Senseonics Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Senseonics Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 132.6M | 35.9M | 198.9M | 177.7M | 138.2M | 95.7M | |
Short Long Term Debt Total | 119.2M | 62.7M | 63.3M | 74.7M | 47.8M | 49.2M | |
Other Current Liab | 37K | 151K | 3K | 15.5M | 12.3M | 12.9M | |
Total Current Liabilities | 126.7M | 16.6M | 18.4M | 31.5M | 17.3M | 28.6M | |
Total Stockholder Equity | (8.9M) | (144.1M) | (185.5M) | (2.6M) | 73.5M | 77.1M | |
Property Plant And Equipment Net | 2.0M | 1.6M | 1.3M | 1.1M | 6.4M | 6.7M | |
Net Debt | 23.3M | 44.7M | 29.8M | 38.9M | (27.9M) | (26.5M) | |
Retained Earnings | (473.3M) | (648.5M) | (951.0M) | (808.9M) | (869.3M) | (825.8M) | |
Accounts Payable | 4.3M | 1.8M | 1.2M | 419K | 4.6M | 3.0M | |
Cash | 95.9M | 18.0M | 33.5M | 35.8M | 75.7M | 46.7M | |
Non Current Assets Total | 5.0M | 5.7M | 54.5M | 16.5M | 8.2M | 9.5M | |
Non Currrent Assets Other | 3.0M | 2.2M | 1.3M | 3.1M | 1.8M | 1.2M | |
Other Assets | (204K) | 4.1M | 198.9M | 76K | 1.0 | 0.95 | |
Cash And Short Term Investments | 95.9M | 18.0M | 129.9M | 144.0M | 109.5M | 73.3M | |
Common Stock Total Equity | 203K | 266K | 447K | 480K | 552K | 579.6K | |
Liabilities And Stockholders Equity | 132.6M | 35.9M | 198.9M | 177.7M | 138.2M | 95.7M | |
Non Current Liabilities Total | 14.7M | 163.4M | 366.1M | 148.8M | 47.5M | 85.9M | |
Other Current Assets | 223K | 84K | 29K | 7.4M | 7.0M | 7.3M | |
Other Stockholder Equity | 464.3M | 504.2M | 765.2M | 768.8M | 904.5M | 473.9M | |
Total Liab | 141.4M | 180.0M | 384.5M | 180.2M | 64.8M | 114.5M | |
Total Current Assets | 127.8M | 30.2M | 144.4M | 161.2M | 130.0M | 86.2M | |
Accumulated Other Comprehensive Income | 0.0 | (2.8M) | (212K) | (678K) | (11K) | (11.6K) | |
Common Stock | 203K | 266K | 447K | 480K | 530K | 556.5K | |
Other Liab | 664K | 103.3M | 306.3M | 52.1M | 59.9M | 59.1M | |
Net Tangible Assets | (8.6M) | (141.3M) | (185.5M) | 35.1M | 31.6M | 33.2M | |
Long Term Debt | 12.5M | 57.2M | 59.8M | 56.4M | 41.2M | 34.6M | |
Net Receivables | 10.5M | 3.0M | 2.0M | 2.5M | 4.8M | 4.1M | |
Retained Earnings Total Equity | (473.3M) | (648.5M) | (951.0M) | (808.9M) | (728.0M) | (764.4M) | |
Common Stock Shares Outstanding | 188.8M | 227.9M | 422.3M | 618.2M | 568.0M | 596.4M | |
Capital Surpluse | 464.5M | 504.2M | 765.2M | 806.5M | 927.5M | 973.8M | |
Inventory | 16.9M | 5.3M | 6.3M | 7.3M | 8.8M | 6.5M | |
Property Plant And Equipment Gross | 2.0M | 1.6M | 2.8M | 3.2M | 3.7M | 1.9M | |
Short Long Term Debt | 103.8M | 3.2M | 2.9M | 15.6M | 17.9M | 19.7M | |
Short Term Debt | 104.5M | 4.0M | 2.9M | 15.6M | 368K | 349.6K | |
Property Plant Equipment | 2.0M | 1.6M | 1.3M | 1.1M | 1.3M | 1.2M | |
Current Deferred Revenue | 628K | 17.9M | 10.7M | 14.3M | 16.4M | 8.9M | |
Long Term Debt Total | 12.5M | 57.2M | 59.8M | 56.4M | 64.8M | 36.3M | |
Capital Lease Obligations | 696K | 794K | 904K | 2.7M | 6.6M | 6.9M | |
Non Current Liabilities Other | 2.3M | 41.2M | 70.0M | 2.7M | 3.1M | 2.9M |
Pair Trading with Senseonics Holdings
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 Senseonics Holdings 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 Senseonics Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Senseonics Stock
0.81 | DH | Definitive Healthcare | PairCorr |
0.81 | GH | Guardant Health | PairCorr |
Moving against Senseonics Stock
0.73 | EHC | Encompass Health Corp | PairCorr |
0.68 | ITGR | Integer Holdings Corp | PairCorr |
0.65 | IDXX | IDEXX Laboratories | PairCorr |
0.64 | UHS | Universal Health Services | PairCorr |
0.63 | WST | West Pharmaceutical | PairCorr |
The ability to find closely correlated positions to Senseonics Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Senseonics Holdings 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 Senseonics Holdings - 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 Senseonics Holdings to buy it.
The correlation of Senseonics Holdings 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 Senseonics Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Senseonics Holdings 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 Senseonics Holdings 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Senseonics Holdings. 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. For more information on how to buy Senseonics Stock please use our How to Invest in Senseonics Holdings guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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When running Senseonics Holdings' price analysis, check to measure Senseonics Holdings' 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 Senseonics Holdings is operating at the current time. Most of Senseonics Holdings' value examination focuses on studying past and present price action to predict the probability of Senseonics Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Senseonics Holdings' price. Additionally, you may evaluate how the addition of Senseonics Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Senseonics Holdings' 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 Senseonics Holdings. If investors know Senseonics 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 Senseonics Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.14) | Revenue Per Share 0.039 | Quarterly Revenue Growth 0.22 | Return On Assets (0.33) | Return On Equity (1.02) |
The market value of Senseonics Holdings is measured differently than its book value, which is the value of Senseonics that is recorded on the company's balance sheet. Investors also form their own opinion of Senseonics Holdings' value that differs from its market value or its book value, called intrinsic value, which is Senseonics Holdings' 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 Senseonics Holdings' market value can be influenced by many factors that don't directly affect Senseonics Holdings' 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 Senseonics Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Senseonics Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Senseonics Holdings' 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.