Veracyte Fixed Asset Turnover from 2010 to 2024
| VCYT Stock | USD 20.99 0.20 0.96% |
Fixed Asset Turnover | First Reported 2010-12-31 | Previous Quarter 11.69926444 | Current Value 12.28 | Quarterly Volatility 3.19748839 |
Check Veracyte financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Veracyte main balance sheet or income statement drivers, such as Depreciation And Amortization of 28.5 M, Interest Expense of 14.2 K or Selling General Administrative of 165.5 M, as well as many exotic indicators such as Price To Sales Ratio of 5.26, Dividend Yield of 0.0 or PTB Ratio of 1.82. Veracyte financial statements analysis is a perfect complement when working with Veracyte Valuation or Volatility modules.
Veracyte | Fixed Asset Turnover |
Latest Veracyte's Fixed Asset Turnover Growth Pattern
Below is the plot of the Fixed Asset Turnover of Veracyte over the last few years. It is Veracyte's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Veracyte's overall financial position and show how it may be relating to other accounts over time.
| Fixed Asset Turnover | 10 Years Trend |
|
Fixed Asset Turnover |
| Timeline |
Veracyte Fixed Asset Turnover Regression Statistics
| Arithmetic Mean | 7.14 | |
| Geometric Mean | 6.20 | |
| Coefficient Of Variation | 44.80 | |
| Mean Deviation | 2.39 | |
| Median | 7.05 | |
| Standard Deviation | 3.20 | |
| Sample Variance | 10.22 | |
| Range | 10.7121 | |
| R-Value | 0.80 | |
| Mean Square Error | 3.93 | |
| R-Squared | 0.64 | |
| Significance | 0.0003 | |
| Slope | 0.57 | |
| Total Sum of Squares | 143.14 |
Veracyte Fixed Asset Turnover History
About Veracyte Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Veracyte income statement, its balance sheet, and the statement of cash flows. Veracyte investors use historical funamental indicators, such as Veracyte's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although Veracyte investors may use each financial statement separately, they are all related. The changes in Veracyte's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Veracyte's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Veracyte Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Veracyte. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Fixed Asset Turnover | 11.70 | 12.28 |
Pair Trading with Veracyte
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 Veracyte 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 Veracyte will appreciate offsetting losses from the drop in the long position's value.Moving together with Veracyte Stock
| 0.68 | ME | 23Andme Holding | PairCorr |
Moving against Veracyte Stock
| 0.72 | DOMH | Dominari Holdings | PairCorr |
The ability to find closely correlated positions to Veracyte could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Veracyte 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 Veracyte - 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 Veracyte to buy it.
The correlation of Veracyte 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 Veracyte moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veracyte 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 Veracyte 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 the analysis of Veracyte Correlation against competitors. For more information on how to buy Veracyte Stock please use our How to Invest in Veracyte guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Veracyte Stock analysis
When running Veracyte's price analysis, check to measure Veracyte'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 Veracyte is operating at the current time. Most of Veracyte's value examination focuses on studying past and present price action to predict the probability of Veracyte's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veracyte's price. Additionally, you may evaluate how the addition of Veracyte to your portfolios can decrease your overall portfolio volatility.
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Is Veracyte'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 Veracyte. If investors know Veracyte 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 Veracyte listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.93) | Revenue Per Share 5.123 | Quarterly Revenue Growth 0.175 | Return On Assets (0) | Return On Equity (0.06) |
The market value of Veracyte is measured differently than its book value, which is the value of Veracyte that is recorded on the company's balance sheet. Investors also form their own opinion of Veracyte's value that differs from its market value or its book value, called intrinsic value, which is Veracyte'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 Veracyte's market value can be influenced by many factors that don't directly affect Veracyte'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 Veracyte's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veracyte is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veracyte'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.