Perdoceo Cash And Short Term Investments from 2010 to 2024
| PRDO Stock | USD 26.12 0.58 2.17% |
Cash And Short Term Investments | First Reported 1997-12-31 | Previous Quarter 674.1 M | Current Value 721.8 M | Quarterly Volatility 185.8 M |
Check Perdoceo Education financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Perdoceo Education's main balance sheet or income statement drivers, such as Depreciation And Amortization of 33.6 M, Interest Expense of 649.7 K or Selling General Administrative of 585.2 M, as well as many indicators such as Price To Sales Ratio of 1.55, Dividend Yield of 0.0117 or PTB Ratio of 2.72. Perdoceo financial statements analysis is a perfect complement when working with Perdoceo Education Valuation or Volatility modules.
Perdoceo | Cash And Short Term Investments |
Latest Perdoceo Education's Cash And Short Term Investments Growth Pattern
Below is the plot of the Cash And Short Term Investments of Perdoceo Education Corp over the last few years. Short Term Investments is an account in the current assets section of Perdoceo Education Corp balance sheet. This account contains Perdoceo Education investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Perdoceo Education Corp fairly quickly. It is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. Perdoceo Education's Cash And Short Term Investments historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Perdoceo Education's overall financial position and show how it may be relating to other accounts over time.
| Cash And Short Term Investments | 10 Years Trend |
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Cash And Short Term Investments |
| Timeline |
Perdoceo Cash And Short Term Investments Regression Statistics
| Arithmetic Mean | 315,838,109 | |
| Geometric Mean | 259,018,393 | |
| Coefficient Of Variation | 48.97 | |
| Mean Deviation | 121,384,783 | |
| Median | 304,436,000 | |
| Standard Deviation | 154,671,146 | |
| Sample Variance | 23923.2T | |
| Range | 584.2M | |
| R-Value | 0.57 | |
| Mean Square Error | 17511.9T | |
| R-Squared | 0.32 | |
| Significance | 0.03 | |
| Slope | 19,573,127 | |
| Total Sum of Squares | 334924.3T |
Perdoceo Cash And Short Term Investments History
About Perdoceo Education Financial Statements
Perdoceo Education investors utilize fundamental indicators, such as Cash And Short Term Investments, to predict how Perdoceo Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Cash And Short Term Investments | 603.1 M | 317.1 M |
Pair Trading with Perdoceo Education
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 Perdoceo Education 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 Perdoceo Education will appreciate offsetting losses from the drop in the long position's value.Moving against Perdoceo Stock
| 0.77 | GOTU | Gaotu Techedu DRC | PairCorr |
| 0.74 | YQ | 17 Education Technology | PairCorr |
| 0.74 | WAFU | Wah Fu Education | PairCorr |
| 0.68 | VSTA | Vasta Platform | PairCorr |
| 0.66 | EDU | New Oriental Education | PairCorr |
The ability to find closely correlated positions to Perdoceo Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Perdoceo Education 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 Perdoceo Education - 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 Perdoceo Education Corp to buy it.
The correlation of Perdoceo Education 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 Perdoceo Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perdoceo Education Corp 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 Perdoceo Education 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 Perdoceo Education Correlation against competitors. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Diversified Consumer Services space 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 Perdoceo Education. If investors know Perdoceo 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 Perdoceo Education 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 (0.08) | Dividend Share 0.11 | Earnings Share 1.99 | Revenue Per Share 9.948 | Quarterly Revenue Growth (0.06) |
The market value of Perdoceo Education Corp is measured differently than its book value, which is the value of Perdoceo that is recorded on the company's balance sheet. Investors also form their own opinion of Perdoceo Education's value that differs from its market value or its book value, called intrinsic value, which is Perdoceo Education'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 Perdoceo Education's market value can be influenced by many factors that don't directly affect Perdoceo Education'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 Perdoceo Education's value and its price as these two are different measures arrived at by different means. Investors typically determine if Perdoceo Education is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perdoceo Education'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.