EXACT Accounts Payable vs Non Current Assets Total Analysis
EXAS Stock | USD 43.45 1.37 3.06% |
EXACT Sciences financial indicator trend analysis is much more than just examining EXACT Sciences latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EXACT Sciences is a good investment. Please check the relationship between EXACT Sciences Accounts Payable and its Non Current Assets Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EXACT Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy EXACT Stock please use our How to Invest in EXACT Sciences guide.
Accounts Payable vs Non Current Assets Total
Accounts Payable vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EXACT Sciences Accounts Payable account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between EXACT Sciences' Accounts Payable and Non Current Assets Total is 0.97. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of EXACT Sciences, assuming nothing else is changed. The correlation between historical values of EXACT Sciences' Accounts Payable and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of EXACT Sciences are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Accounts Payable i.e., EXACT Sciences' Accounts Payable and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents EXACT Sciences obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of EXACT Sciences are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from EXACT Sciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EXACT Sciences 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EXACT Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy EXACT Stock please use our How to Invest in EXACT Sciences guide.At this time, EXACT Sciences' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 2.5 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (1.1 K).
2021 | 2022 | 2023 | 2024 (projected) | Non Recurring | 20.2M | 16.0M | 14.4M | 13.7M | Reconciled Depreciation | 180.3M | 197.6M | 206.6M | 131.5M |
EXACT Sciences fundamental ratios Correlations
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EXACT Sciences Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EXACT Sciences fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.5B | 4.9B | 6.7B | 6.2B | 6.5B | 6.8B | |
Total Stockholder Equity | 2.3B | 2.8B | 3.4B | 3.0B | 3.1B | 3.3B | |
Net Debt | 769.0M | (27.1M) | 2.0B | 2.2B | 1.9B | 2.0B | |
Cash | 177.3M | 1.5B | 315.5M | 242.5M | 605.4M | 635.6M | |
Other Assets | 20.3M | 63.8M | 74.6M | 36.7M | 42.2M | 44.3M | |
Cash And Short Term Investments | 323.7M | 1.8B | 1.0B | 632.1M | 777.6M | 816.5M | |
Common Stock Shares Outstanding | 131.3M | 151.1M | 171.3M | 176.4M | 180.1M | 189.2M | |
Liabilities And Stockholders Equity | 3.5B | 4.9B | 6.7B | 6.2B | 6.5B | 6.8B | |
Other Stockholder Equity | 3.4B | 4.8B | 6.0B | 6.3B | 6.6B | 6.9B | |
Total Liab | 1.2B | 2.1B | 3.3B | 3.2B | 3.3B | 3.5B | |
Total Current Assets | 557.0M | 2.2B | 1.4B | 982.3M | 1.2B | 1.3B | |
Other Current Liab | 8.5M | 38.3M | 31.0M | 306.4M | 14.8M | 20.2M | |
Total Current Liabilities | 236.5M | 575.8M | 517.1M | 412.7M | 514.7M | 540.4M | |
Property Plant And Equipment Net | 581.8M | 576.6M | 754.5M | 851.8M | 842.1M | 884.2M | |
Retained Earnings | (1.1B) | (2.0B) | (2.6B) | (3.3B) | (3.5B) | (3.3B) | |
Accounts Payable | 26.0M | 35.7M | 67.8M | 74.9M | 78.8M | 82.8M | |
Non Current Assets Total | 2.9B | 2.7B | 5.3B | 5.2B | 5.3B | 5.5B | |
Non Currrent Assets Other | 20.3M | (193.1M) | (451.3M) | (425.5M) | (287.5M) | (273.2M) | |
Common Stock Total Equity | 1.5M | 1.6M | 1.7M | 1.8M | 2.0M | 2.1M | |
Other Current Assets | 40.9M | 33.2M | 74.1M | 73.9M | 85.6M | 89.9M | |
Property Plant And Equipment Gross | 581.8M | 576.6M | 754.5M | 851.8M | 1.3B | 1.3B | |
Accumulated Other Comprehensive Income | (100K) | 526K | (1.4M) | (5.2M) | 1.4M | 1.5M | |
Common Stock | 1.5M | 1.6M | 1.7M | 1.8M | 1.8M | 1.9M | |
Intangible Assets | 1.1B | 848.4M | 2.1B | 2.0B | 1.9B | 2.0B | |
Property Plant Equipment | 455.3M | 450.7M | 754.5M | 684.8M | 787.5M | 826.8M | |
Good Will | 1.2B | 1.2B | 2.3B | 2.3B | 2.4B | 2.5B | |
Other Liab | 28.1M | 61.6M | 417.8M | 345.1M | 396.8M | 416.7M | |
Short Term Investments | 146.4M | 348.7M | 715.0M | 389.6M | 172.3M | 222.6M | |
Non Current Liabilities Total | 981.2M | 1.5B | 2.8B | 2.8B | 2.8B | 3.0B | |
Current Deferred Revenue | 193.3M | 233.6M | 398.6M | 3.1M | 341.7M | 358.8M | |
Short Long Term Debt Total | 946.3M | 1.5B | 2.4B | 2.4B | 2.6B | 2.7B | |
Long Term Debt | 827.6M | 1.3B | 2.2B | 2.2B | 2.3B | 2.4B | |
Net Tangible Assets | (58.7M) | 737.4M | (1.0B) | 697.1M | 627.4M | 658.8M | |
Retained Earnings Total Equity | (1.1B) | (2.0B) | (2.6B) | (3.3B) | (2.9B) | (2.8B) | |
Long Term Debt Total | 4.3M | 688.8M | 827.6M | 2.2B | 2.5B | 2.6B | |
Capital Surpluse | 3.4B | 4.8B | 6.0B | 6.3B | 7.3B | 7.6B | |
Inventory | 61.7M | 92.3M | 105.0M | 118.3M | 127.5M | 133.8M | |
Non Current Liabilities Other | 34.9M | 61.6M | 417.8M | 352.5M | 336.0M | 352.8M | |
Short Term Debt | 8.7M | 268.3M | 19.7M | 28.4M | 79.4M | 83.3M |
Pair Trading with EXACT Sciences
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 EXACT Sciences 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 EXACT Sciences will appreciate offsetting losses from the drop in the long position's value.Moving together with EXACT Stock
Moving against EXACT Stock
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0.5 | OBIO | Orchestra BioMed Holdings Upward Rally | PairCorr |
The ability to find closely correlated positions to EXACT Sciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EXACT Sciences 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 EXACT Sciences - 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 EXACT Sciences to buy it.
The correlation of EXACT Sciences 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 EXACT Sciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EXACT Sciences 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 EXACT Sciences 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.Additional Tools for EXACT Stock Analysis
When running EXACT Sciences' price analysis, check to measure EXACT Sciences' 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 EXACT Sciences is operating at the current time. Most of EXACT Sciences' value examination focuses on studying past and present price action to predict the probability of EXACT Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EXACT Sciences' price. Additionally, you may evaluate how the addition of EXACT Sciences to your portfolios can decrease your overall portfolio volatility.