Crocs Extraordinary Items vs Research Development Analysis
CROX Stock | USD 125.40 1.89 1.53% |
Crocs financial indicator trend analysis is way more than just evaluating Crocs Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crocs Inc is a good investment. Please check the relationship between Crocs Extraordinary Items and its Research Development accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crocs 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 persons.
Extraordinary Items vs Research Development
Extraordinary Items vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crocs Inc Extraordinary Items account and Research Development. At this time, the significance of the direction appears to have strong relationship.
The correlation between Crocs' Extraordinary Items and Research Development is 0.66. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Research Development in the same time period over historical financial statements of Crocs Inc, assuming nothing else is changed. The correlation between historical values of Crocs' Extraordinary Items and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of Crocs Inc are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Extraordinary Items i.e., Crocs' Extraordinary Items and Research Development go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Extraordinary Items
Research Development
Most indicators from Crocs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crocs 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Crocs 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 persons. At this time, Crocs' Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 7.23 in 2024, whereas Selling General Administrative is likely to drop slightly above 429.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.9B | 2.2B | 2.3B | Total Revenue | 2.3B | 3.6B | 4.0B | 4.2B |
Crocs fundamental ratios Correlations
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Crocs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Crocs fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 738.8M | 1.1B | 1.5B | 4.5B | 4.6B | 4.9B | |
Total Stockholder Equity | 131.9M | 290.6M | 14.1M | 817.9M | 1.5B | 1.5B | |
Other Assets | 35.1M | 529.1M | 2.1B | 539.4M | 620.3M | 651.3M | |
Common Stock Shares Outstanding | 71.8M | 68.5M | 63.7M | 62.0M | 62.0M | 61.4M | |
Liabilities And Stockholders Equity | 738.8M | 1.1B | 1.5B | 4.5B | 4.6B | 4.9B | |
Other Stockholder Equity | (50.3M) | (206.5M) | (1.2B) | (897.9M) | (1.1B) | (1.0B) | |
Total Liab | 606.9M | 828.1M | 1.5B | 3.7B | 3.2B | 3.3B | |
Other Current Liab | 109.1M | 18.9M | 26.4M | 239.4M | 285.8M | 300.1M | |
Total Current Liabilities | 257.2M | 291.6M | 388.2M | 641.3M | 698.3M | 733.2M | |
Other Liab | 4.5M | 210.1M | 222.1M | 529.4M | 608.9M | 639.3M | |
Property Plant And Equipment Net | 229.6M | 224.9M | 269.2M | 421.4M | 525.8M | 552.0M | |
Net Debt | 285.5M | 237.7M | 750.4M | 2.4B | 1.8B | 1.9B | |
Retained Earnings | 240.5M | 553.3M | 1.3B | 1.8B | 2.6B | 2.7B | |
Accounts Payable | 95.8M | 112.8M | 162.1M | 230.8M | 261.0M | 274.0M | |
Cash | 108.3M | 135.8M | 213.2M | 191.6M | 149.3M | 150.9M | |
Non Current Assets Total | 313.4M | 625.9M | 878.5M | 3.5B | 3.7B | 3.9B | |
Non Currrent Assets Other | 8.1M | 8.9M | 8.1M | 7.9M | 31.4M | 18.4M | |
Cash And Short Term Investments | 108.3M | 135.8M | 213.2M | 191.6M | 149.3M | 152.1M | |
Net Receivables | 118.3M | 162.5M | 217.2M | 329.2M | 331.2M | 347.8M | |
Common Stock Total Equity | 104K | 105K | 106K | 110K | 99K | 155.4K | |
Non Current Liabilities Total | 349.7M | 536.5M | 1.1B | 3.0B | 2.5B | 2.6B | |
Inventory | 172.0M | 175.1M | 213.5M | 471.6M | 385.1M | 404.3M | |
Other Current Assets | 25.4M | 17.9M | 22.6M | 33.6M | 45.1M | 26.9M | |
Property Plant And Equipment Gross | 229.6M | 224.9M | 269.2M | 421.4M | 646.3M | 678.6M | |
Total Current Assets | 425.4M | 492.8M | 666.6M | 1.0B | 910.7M | 485.6M | |
Accumulated Other Comprehensive Income | (58.4M) | (56.4M) | (76.8M) | (103.5M) | (95.8M) | (91.0M) | |
Intangible Assets | 47.1M | 37.6M | 28.8M | 1.8B | 1.8B | 1.9B | |
Common Stock | 104K | 105K | 106K | 110K | 99K | 152.2K | |
Property Plant Equipment | 47.4M | 57.5M | 108.4M | 181.5M | 208.8M | 219.2M | |
Short Long Term Debt Total | 393.7M | 373.5M | 963.6M | 2.6B | 2.0B | 2.1B | |
Current Deferred Revenue | 3.7M | 112.8M | 156.8M | 89.2M | 66.0M | 34.1M | |
Long Term Debt | 205M | 180M | 771.4M | 2.3B | 1.6B | 1.7B | |
Good Will | 1.6M | 1.7M | 1.6M | 714.8M | 711.6M | 747.2M | |
Short Term Debt | 48.6M | 47.1M | 42.9M | 81.8M | 85.6M | 89.9M | |
Treasury Stock | (546.2M) | (688.8M) | (1.7B) | (1.7B) | (1.5B) | (1.4B) | |
Net Tangible Assets | 83.2M | 251.3M | (16.3M) | (1.7B) | (1.5B) | (1.5B) | |
Retained Earnings Total Equity | 240.5M | 553.3M | 1.3B | 1.8B | 2.1B | 2.2B | |
Capital Surpluse | 495.9M | 482.4M | 496.0M | 797.6M | 917.3M | 493.2M |
Pair Trading with Crocs
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 Crocs 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 Crocs will appreciate offsetting losses from the drop in the long position's value.Moving together with Crocs Stock
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Moving against Crocs Stock
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The ability to find closely correlated positions to Crocs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crocs 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 Crocs - 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 Crocs Inc to buy it.
The correlation of Crocs 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 Crocs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crocs 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 Crocs 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Crocs 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 persons. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Crocs Stock analysis
When running Crocs' price analysis, check to measure Crocs' 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 Crocs is operating at the current time. Most of Crocs' value examination focuses on studying past and present price action to predict the probability of Crocs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crocs' price. Additionally, you may evaluate how the addition of Crocs to your portfolios can decrease your overall portfolio volatility.
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Is Crocs' 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 Crocs. If investors know Crocs 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 Crocs 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 0.891 | Earnings Share 12.79 | Revenue Per Share 64.548 | Quarterly Revenue Growth 0.016 | Return On Assets 0.1429 |
The market value of Crocs Inc is measured differently than its book value, which is the value of Crocs that is recorded on the company's balance sheet. Investors also form their own opinion of Crocs' value that differs from its market value or its book value, called intrinsic value, which is Crocs' 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 Crocs' market value can be influenced by many factors that don't directly affect Crocs' 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 Crocs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Crocs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crocs' 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.