EXACT Other Assets vs Total Stockholder Equity 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 Other Assets and its Total Stockholder Equity 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.

Other Assets vs Total Stockholder Equity

Other Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EXACT Sciences Other Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between EXACT Sciences' Other Assets and Total Stockholder Equity is 0.91. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Total Stockholder Equity 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' Other Assets and Total Stockholder Equity 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 EXACT Sciences are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Assets i.e., EXACT Sciences' Other Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Other Assets

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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

Non Recurring Reconciled Depreciation

EXACT Sciences fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Common Stock Total Equity	Other Current Assets	Property Plant And Equipment Gross	Common Stock	Intangible Assets	Property Plant Equipment	Good Will	Other Liab	Short Term Investments
Total Assets		0.99	0.9	0.64	0.9	0.65	0.89	0.99	0.99	0.79	0.47	0.97	0.99	-0.97	0.97	0.99	-0.91	0.9	0.97	0.96	0.88	0.98	0.99	0.99	0.91	0.29
Total Stockholder Equity	0.99		0.86	0.67	0.91	0.67	0.9	0.99	0.97	0.8	0.45	0.97	0.99	-0.94	0.94	0.97	-0.87	0.9	0.95	0.94	0.89	0.96	0.98	0.97	0.86	0.27
Net Debt	0.9	0.86		0.27	0.7	0.36	0.79	0.9	0.93	0.52	0.54	0.78	0.91	-0.92	0.95	0.94	-0.88	0.79	0.96	0.9	0.77	0.95	0.93	0.94	0.96	0.3
Cash	0.64	0.67	0.27		0.75	0.86	0.58	0.64	0.6	0.87	0.12	0.8	0.61	-0.58	0.52	0.54	-0.49	0.59	0.5	0.59	0.59	0.49	0.58	0.54	0.38	0.14
Other Assets	0.9	0.91	0.7	0.75		0.76	0.75	0.87	0.88	0.85	0.32	0.94	0.85	-0.81	0.8	0.86	-0.87	0.73	0.8	0.78	0.74	0.85	0.86	0.86	0.78	0.32
Cash And Short Term Investments	0.65	0.67	0.36	0.86	0.76		0.69	0.65	0.63	0.98	0.17	0.78	0.61	-0.61	0.58	0.52	-0.54	0.66	0.52	0.54	0.69	0.48	0.61	0.52	0.41	0.62
Common Stock Shares Outstanding	0.89	0.9	0.79	0.58	0.75	0.69		0.92	0.88	0.8	0.41	0.87	0.9	-0.92	0.89	0.86	-0.77	0.99	0.89	0.87	1.0	0.84	0.9	0.85	0.79	0.46
Other Stockholder Equity	0.99	0.99	0.9	0.64	0.87	0.65	0.92		0.99	0.78	0.48	0.96	0.99	-0.98	0.97	0.98	-0.9	0.93	0.98	0.97	0.91	0.97	0.99	0.98	0.91	0.28
Total Liab	0.99	0.97	0.93	0.6	0.88	0.63	0.88	0.99		0.77	0.49	0.96	0.98	-0.98	0.98	0.98	-0.93	0.88	0.98	0.96	0.86	0.97	0.99	0.98	0.94	0.31
Total Current Assets	0.79	0.8	0.52	0.87	0.85	0.98	0.8	0.78	0.77		0.25	0.89	0.76	-0.74	0.72	0.68	-0.67	0.77	0.68	0.7	0.79	0.65	0.75	0.68	0.57	0.57
Other Current Liab	0.47	0.45	0.54	0.12	0.32	0.17	0.41	0.48	0.49	0.25		0.37	0.5	-0.52	0.5	0.5	-0.62	0.36	0.45	0.37	0.4	0.5	0.43	0.5	0.45	0.15
Total Current Liabilities	0.97	0.97	0.78	0.8	0.94	0.78	0.87	0.96	0.96	0.89	0.37		0.95	-0.92	0.91	0.93	-0.86	0.87	0.91	0.92	0.86	0.9	0.95	0.93	0.83	0.3
Property Plant And Equipment Net	0.99	0.99	0.91	0.61	0.85	0.61	0.9	0.99	0.98	0.76	0.5	0.95		-0.96	0.96	0.98	-0.86	0.9	0.98	0.97	0.89	0.97	0.99	0.98	0.89	0.28
Retained Earnings	-0.97	-0.94	-0.92	-0.58	-0.81	-0.61	-0.92	-0.98	-0.98	-0.74	-0.52	-0.92	-0.96		-0.98	-0.96	0.9	-0.92	-0.97	-0.96	-0.9	-0.94	-0.96	-0.96	-0.93	-0.29
Accounts Payable	0.97	0.94	0.95	0.52	0.8	0.58	0.89	0.97	0.98	0.72	0.5	0.91	0.96	-0.98		0.97	-0.9	0.89	0.99	0.96	0.87	0.96	0.98	0.96	0.95	0.34
Non Current Assets Total	0.99	0.97	0.94	0.54	0.86	0.52	0.86	0.98	0.98	0.68	0.5	0.93	0.98	-0.96	0.97		-0.91	0.87	0.99	0.96	0.85	1.0	0.99	1.0	0.94	0.2
Non Currrent Assets Other	-0.91	-0.87	-0.88	-0.49	-0.87	-0.54	-0.77	-0.9	-0.93	-0.67	-0.62	-0.86	-0.86	0.9	-0.9	-0.91		-0.74	-0.88	-0.8	-0.74	-0.91	-0.88	-0.92	-0.93	-0.32
Common Stock Total Equity	0.9	0.9	0.79	0.59	0.73	0.66	0.99	0.93	0.88	0.77	0.36	0.87	0.9	-0.92	0.89	0.87	-0.74		0.9	0.9	0.99	0.85	0.91	0.86	0.79	0.38
Other Current Assets	0.97	0.95	0.96	0.5	0.8	0.52	0.89	0.98	0.98	0.68	0.45	0.91	0.98	-0.97	0.99	0.99	-0.88	0.9		0.98	0.87	0.98	0.99	0.98	0.95	0.26
Property Plant And Equipment Gross	0.96	0.94	0.9	0.59	0.78	0.54	0.87	0.97	0.96	0.7	0.37	0.92	0.97	-0.96	0.96	0.96	-0.8	0.9	0.98		0.85	0.94	0.97	0.96	0.9	0.17
Common Stock	0.88	0.89	0.77	0.59	0.74	0.69	1.0	0.91	0.86	0.79	0.4	0.86	0.89	-0.9	0.87	0.85	-0.74	0.99	0.87	0.85		0.83	0.89	0.84	0.75	0.44
Intangible Assets	0.98	0.96	0.95	0.49	0.85	0.48	0.84	0.97	0.97	0.65	0.5	0.9	0.97	-0.94	0.96	1.0	-0.91	0.85	0.98	0.94	0.83		0.98	1.0	0.94	0.2
Property Plant Equipment	0.99	0.98	0.93	0.58	0.86	0.61	0.9	0.99	0.99	0.75	0.43	0.95	0.99	-0.96	0.98	0.99	-0.88	0.91	0.99	0.97	0.89	0.98		0.98	0.92	0.31
Good Will	0.99	0.97	0.94	0.54	0.86	0.52	0.85	0.98	0.98	0.68	0.5	0.93	0.98	-0.96	0.96	1.0	-0.92	0.86	0.98	0.96	0.84	1.0	0.98		0.95	0.18
Other Liab	0.91	0.86	0.96	0.38	0.78	0.41	0.79	0.91	0.94	0.57	0.45	0.83	0.89	-0.93	0.95	0.94	-0.93	0.79	0.95	0.9	0.75	0.94	0.92	0.95		0.23
Short Term Investments	0.29	0.27	0.3	0.14	0.32	0.62	0.46	0.28	0.31	0.57	0.15	0.3	0.28	-0.29	0.34	0.2	-0.32	0.38	0.26	0.17	0.44	0.2	0.31	0.18	0.23

Click cells to compare fundamentals

EXACT Sciences Account Relationship Matchups

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

0.65

CRL

Charles River Labora

Pair Corr

Moving against EXACT Stock

0.62	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.6	PSTV	Plus Therapeutics	Pair Corr
0.56	MTD	Mettler Toledo Inter	Pair Corr
0.52	QGEN	Qiagen NV	Pair Corr
0.5	OBIO	Orchestra BioMed Holdings Upward Rally	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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