Cirrus Cash Flow Overview
| CRUS Stock | USD 83.25 2.00 2.35% |
Cirrus |
Most accounts from Cirrus Logic's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Cirrus Logic current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Cirrus Logic Valuation and Cirrus Logic Correlation analysis. For more information on how to buy Cirrus Stock please use our How to Invest in Cirrus Logic guide.At this time, Cirrus Logic's Change To Account Receivables is comparatively stable compared to the past year. Stock Based Compensation is likely to gain to about 98.6 M in 2024, despite the fact that Change In Working Capital is likely to grow to (47.6 M).
Cirrus Logic cash flow statement Correlations
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Cirrus Logic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cirrus Logic cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 17.8M | (26.5M) | 42.5M | (95.0M) | (85.5M) | (81.2M) | |
| Change In Cash | 75.9M | 150.0M | (72.4M) | 76.0M | 87.4M | 91.7M | |
| Free Cash Flow | 274.2M | 328.5M | 94.7M | 302.9M | 348.3M | 365.7M | |
| Depreciation | 68.2M | 47.1M | 62.1M | 71.2M | 81.9M | 86.0M | |
| Other Non Cash Items | 23.0M | 101K | 1.0M | 100.2M | 115.2M | 120.9M | |
| Capital Expenditures | 21.6M | 20.5M | 30.0M | 36.7M | 42.2M | 29.6M | |
| Net Income | 159.5M | 217.3M | 326.4M | 176.7M | 203.2M | 213.4M | |
| End Period Cash Flow | 292.1M | 442.2M | 369.8M | 445.8M | 512.7M | 538.3M | |
| Change To Netincome | 70.9M | 51.3M | 52.4M | 147.3M | 169.4M | 177.8M | |
| Investments | (78.6M) | (57.2M) | 288.5M | (33.3M) | (38.3M) | (36.4M) | |
| Change Receivables | (33.1M) | 45.3M | (124.8M) | 89.8M | 103.3M | 108.4M |
Pair Trading with Cirrus Logic
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 Cirrus Logic 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 Cirrus Logic will appreciate offsetting losses from the drop in the long position's value.Moving together with Cirrus Stock
| 0.85 | ENTG | Entegris Financial Report 9th of May 2024 | PairCorr |
| 0.63 | ICHR | Ichor Holdings Financial Report 14th of May 2024 | PairCorr |
| 0.83 | KLAC | KLA Tencor Earnings Call This Week | PairCorr |
Moving against Cirrus Stock
| 0.62 | ACLS | Axcelis Technologies Financial Report 1st of May 2024 | PairCorr |
| 0.43 | III | Information Services Financial Report 13th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cirrus Logic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cirrus Logic 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 Cirrus Logic - 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 Cirrus Logic to buy it.
The correlation of Cirrus Logic 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 Cirrus Logic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cirrus Logic 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 Cirrus Logic 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 Cirrus Logic Valuation and Cirrus Logic Correlation analysis. For more information on how to buy Cirrus Stock please use our How to Invest in Cirrus Logic guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Cirrus Stock analysis
When running Cirrus Logic's price analysis, check to measure Cirrus Logic'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 Cirrus Logic is operating at the current time. Most of Cirrus Logic's value examination focuses on studying past and present price action to predict the probability of Cirrus Logic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cirrus Logic's price. Additionally, you may evaluate how the addition of Cirrus Logic to your portfolios can decrease your overall portfolio volatility.
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Is Cirrus Logic'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 Cirrus Logic. If investors know Cirrus 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 Cirrus Logic 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 0.366 | Earnings Share 3.16 | Revenue Per Share 32.758 | Quarterly Revenue Growth 0.048 | Return On Assets 0.0931 |
The market value of Cirrus Logic is measured differently than its book value, which is the value of Cirrus that is recorded on the company's balance sheet. Investors also form their own opinion of Cirrus Logic's value that differs from its market value or its book value, called intrinsic value, which is Cirrus Logic'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 Cirrus Logic's market value can be influenced by many factors that don't directly affect Cirrus Logic'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 Cirrus Logic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cirrus Logic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cirrus Logic'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.