Black Investments vs Other Non Cash Items Analysis

BDTX Stock  USD 2.22  0.03  1.37%   
Black Diamond financial indicator trend analysis is way more than just evaluating Black Diamond Therap prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Black Diamond Therap is a good investment. Please check the relationship between Black Diamond Investments and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Black Diamond Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Investments vs Other Non Cash Items

Investments vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Black Diamond Therap Investments account and Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Black Diamond's Investments and Other Non Cash Items is -0.37. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Black Diamond Therapeutics, assuming nothing else is changed. The correlation between historical values of Black Diamond's Investments and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Black Diamond Therapeutics are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Investments i.e., Black Diamond's Investments and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.37
Relationship DirectionNegative 
Relationship StrengthInsignificant

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Other Non Cash Items

Most indicators from Black Diamond's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Black Diamond Therap 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 Black Diamond Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Selling General Administrative is likely to drop to about 18.4 M in 2024. Issuance Of Capital Stock is likely to drop to about 62.3 M in 2024
 2021 2022 2023 2024 (projected)
Reconciled Depreciation205K508K437K458.9K
Total Operating Expenses126.9M92.8M86.5M65.7M

Black Diamond fundamental ratios Correlations

0.820.84-0.4-0.090.880.69-0.22-0.650.920.570.720.560.411.00.830.870.220.820.890.550.50.890.671.00.99
0.820.99-0.39-0.170.840.95-0.44-0.830.930.350.960.650.270.770.940.83-0.070.910.930.850.620.830.890.770.74
0.840.99-0.39-0.170.840.95-0.4-0.860.940.390.960.630.30.790.960.88-0.020.930.940.860.570.820.870.790.76
-0.4-0.39-0.390.05-0.38-0.49-0.050.11-0.42-0.09-0.51-0.49-0.53-0.36-0.38-0.29-0.02-0.23-0.61-0.15-0.47-0.40.01-0.36-0.36
-0.09-0.17-0.170.05-0.18-0.17-0.490.16-0.150.12-0.17-0.13-0.12-0.08-0.18-0.10.18-0.18-0.19-0.190.0-0.17-0.15-0.08-0.07
0.880.840.84-0.38-0.180.71-0.47-0.620.790.130.710.320.020.870.890.68-0.250.840.880.640.311.00.660.870.86
0.690.950.95-0.49-0.170.71-0.38-0.880.840.290.990.60.320.620.920.81-0.090.890.90.90.530.70.790.620.59
-0.22-0.44-0.4-0.05-0.49-0.47-0.380.34-0.220.3-0.350.080.56-0.19-0.41-0.10.56-0.43-0.31-0.5-0.07-0.46-0.5-0.19-0.17
-0.65-0.83-0.860.110.16-0.62-0.880.34-0.74-0.37-0.85-0.37-0.18-0.59-0.86-0.840.0-0.94-0.76-0.95-0.25-0.6-0.81-0.59-0.56
0.920.930.94-0.42-0.150.790.84-0.22-0.740.620.880.790.520.890.850.910.250.830.920.680.730.780.820.890.88
0.570.350.39-0.090.120.130.290.3-0.370.620.360.670.810.570.260.720.910.310.370.130.560.120.350.570.58
0.720.960.96-0.51-0.170.710.99-0.35-0.850.880.360.690.390.650.90.82-0.020.870.920.870.620.70.810.660.63
0.560.650.63-0.49-0.130.320.60.08-0.370.790.670.690.770.530.420.60.460.380.620.330.970.320.580.520.51
0.410.270.3-0.53-0.120.020.320.56-0.180.520.810.390.770.40.180.550.80.130.390.010.650.030.10.40.4
1.00.770.79-0.36-0.080.870.62-0.19-0.590.890.570.650.530.40.790.850.250.770.850.490.470.870.621.01.0
0.830.940.96-0.38-0.180.890.92-0.41-0.860.850.260.90.420.180.790.86-0.130.950.920.840.350.880.760.790.77
0.870.830.88-0.29-0.10.680.81-0.1-0.840.910.720.820.60.550.850.860.390.850.830.690.480.670.710.850.83
0.22-0.07-0.02-0.020.18-0.25-0.090.560.00.250.91-0.020.460.80.25-0.130.39-0.10.0-0.250.37-0.25-0.050.250.27
0.820.910.93-0.23-0.180.840.89-0.43-0.940.830.310.870.380.130.770.950.85-0.10.890.920.30.830.840.780.75
0.890.930.94-0.61-0.190.880.9-0.31-0.760.920.370.920.620.390.850.920.830.00.890.760.560.880.720.860.84
0.550.850.86-0.15-0.190.640.9-0.5-0.950.680.130.870.330.010.490.840.69-0.250.920.760.260.630.840.490.46
0.50.620.57-0.470.00.310.53-0.07-0.250.730.560.620.970.650.470.350.480.370.30.560.260.310.570.460.46
0.890.830.82-0.4-0.171.00.7-0.46-0.60.780.120.70.320.030.870.880.67-0.250.830.880.630.310.650.870.86
0.670.890.870.01-0.150.660.79-0.5-0.810.820.350.810.580.10.620.760.71-0.050.840.720.840.570.650.620.6
1.00.770.79-0.36-0.080.870.62-0.19-0.590.890.570.660.520.41.00.790.850.250.780.860.490.460.870.621.0
0.990.740.76-0.36-0.070.860.59-0.17-0.560.880.580.630.510.41.00.770.830.270.750.840.460.460.860.61.0
Click cells to compare fundamentals

Black Diamond Account Relationship Matchups

Black Diamond fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets158.3M329.7M247.7M156.3M158.6M174.5M
Other Current Liab2.9M10.6M19.2M10.5M14.2M9.7M
Total Current Liabilities4.9M14.2M23.6M15.3M19.6M13.0M
Total Stockholder Equity(51.0M)(118.2M)(243.8M)(335.0M)116.7M122.6M
Net Tangible Assets(47.2M)307.8M195.9M115.7M133.0M100.8M
Property Plant And Equipment Net164K8.8M30.7M27.4M23.7M14.3M
Net Debt45.9M(25.9M)(37.3M)(6.2M)(30.9M)(29.4M)
Retained Earnings(51.0M)(118.2M)(243.8M)(335.0M)(417.4M)(396.6M)
Accounts Payable2.0M2.5M4.1M1.9M2.3M2.1M
Cash154.7M34.6M65.8M34.3M56.2M63.7M
Non Current Assets Total3.6M10.1M37.9M28.5M24.5M16.5M
Non Currrent Assets Other3.4M106K5.9M1.2M823K781.9K
Other Assets2.4M0.01.2M1.2M1.00.95
Cash And Short Term Investments154.7M315.1M209.8M122.8M131.4M156.1M
Common Stock Shares Outstanding35.9M32.9M36.2M36.3M44.0M32.4M
Liabilities And Stockholders Equity158.3M(96.3M)247.7M(294.4M)158.6M166.5M
Non Current Liabilities Total200.6M7.7M28.1M25.3M22.2M41.3M
Capital Surpluse3.8M425.4M440.1M452.5M520.4M546.4M
Other Current Assets1.0M4.5M5.9M4.9M2.6M3.0M
Other Stockholder Equity(200.6M)95.7M440.1M452.5M534.2M560.9M
Total Liab209.3M21.9M491.5M40.6M41.8M39.7M
Net Invested Capital(47.2M)307.8M195.9M115.7M116.7M104.8M
Property Plant And Equipment Gross164K8.8M31.1M2.6M24.5M25.7M
Total Current Assets154.7M319.6M209.8M127.7M134.0M158.0M
Accumulated Other Comprehensive Income(1K)614K(414K)(1.8M)(27K)(28.4K)
Net Working Capital150.9M305.3M192.1M112.4M114.4M146.1M
Property Plant Equipment164K8.8M30.7M2.6M3.0M2.8M

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