Precipio Net Borrowings from 2010 to 2024
| PRPO Stock | USD 5.87 0.03 0.51% |
Net Borrowings | First Reported 2012-03-31 | Previous Quarter -141 K | Current Value -141 K | Quarterly Volatility 963.7 K |
Check Precipio financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Precipio's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.7 M, Interest Expense of 17.1 K or Total Revenue of 16 M, as well as many indicators such as Price To Sales Ratio of 0.53, Dividend Yield of 0.0 or PTB Ratio of 0.99. Precipio financial statements analysis is a perfect complement when working with Precipio Valuation or Volatility modules.
Precipio | Net Borrowings |
Latest Precipio's Net Borrowings Growth Pattern
Below is the plot of the Net Borrowings of Precipio over the last few years. It is the difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period. Precipio's Net Borrowings historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Precipio's overall financial position and show how it may be relating to other accounts over time.
| Net Borrowings | 10 Years Trend |
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Net Borrowings |
| Timeline |
Precipio Net Borrowings Regression Statistics
| Arithmetic Mean | 340,652 | |
| Geometric Mean | 410,900 | |
| Coefficient Of Variation | 419.39 | |
| Mean Deviation | 1,014,945 | |
| Median | (53,000) | |
| Standard Deviation | 1,428,654 | |
| Sample Variance | 2T | |
| Range | 6.4M | |
| R-Value | (0.06) | |
| Mean Square Error | 2.2T | |
| R-Squared | 0 | |
| Significance | 0.83 | |
| Slope | (19,815) | |
| Total Sum of Squares | 28.6T |
Precipio Net Borrowings History
About Precipio Financial Statements
Precipio investors utilize fundamental indicators, such as Net Borrowings, to predict how Precipio 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 | ||
| Net Borrowings | -195.5 K | -185.7 K |
Pair Trading with Precipio
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 Precipio 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 Precipio will appreciate offsetting losses from the drop in the long position's value.Moving against Precipio Stock
| 0.79 | LH | Laboratory | PairCorr |
| 0.77 | GH | Guardant Health Buyout Trend | PairCorr |
| 0.75 | VREX | Varex Imaging Corp | PairCorr |
| 0.73 | ENOV | Enovis Corp | PairCorr |
| 0.64 | DXCM | DexCom Inc | PairCorr |
The ability to find closely correlated positions to Precipio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precipio 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 Precipio - 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 Precipio to buy it.
The correlation of Precipio 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 Precipio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precipio 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 Precipio 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 Precipio Correlation against competitors. To learn how to invest in Precipio Stock, please use our How to Invest in Precipio guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Health Care Providers & 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 Precipio. If investors know Precipio 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 Precipio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.81) | Revenue Per Share 11.73 | Quarterly Revenue Growth 0.257 | Return On Assets (0.19) | Return On Equity (0.29) |
The market value of Precipio is measured differently than its book value, which is the value of Precipio that is recorded on the company's balance sheet. Investors also form their own opinion of Precipio's value that differs from its market value or its book value, called intrinsic value, which is Precipio'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 Precipio's market value can be influenced by many factors that don't directly affect Precipio'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 Precipio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precipio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precipio'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.