CareCloud Depreciation vs Change In Working Capital Analysis
CCLDO Stock | 17.10 0.12 0.71% |
CareCloud financial indicator trend analysis is way more than just evaluating CareCloud prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CareCloud is a good investment. Please check the relationship between CareCloud Depreciation and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareCloud. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in CareCloud Stock, please use our How to Invest in CareCloud guide.
Depreciation vs Change In Working Capital
Depreciation vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CareCloud Depreciation account and Change In Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CareCloud's Depreciation and Change In Working Capital is -0.47. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of CareCloud, assuming nothing else is changed. The correlation between historical values of CareCloud's Depreciation and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of CareCloud are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Depreciation i.e., CareCloud's Depreciation and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.47 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of CareCloud value has been used up. For tax purposes CareCloud can deduct the cost of the tangible assets it purchases as business expenses. However, CareCloud must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Most indicators from CareCloud's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CareCloud 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 CareCloud. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in CareCloud Stock, please use our How to Invest in CareCloud guide.As of the 3rd of December 2024, Selling General Administrative is likely to drop to about 15.7 M. In addition to that, Tax Provision is likely to grow to about (345.8 K)
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 455K | 405K | 1.2M | 1.3M | Depreciation And Amortization | 15.8M | 15.0M | 16.6M | 17.4M |
CareCloud fundamental ratios Correlations
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CareCloud Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CareCloud fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 56.4M | 138.0M | 140.8M | 136.2M | 77.8M | 60.3M | |
Short Long Term Debt Total | 4.1M | 11.5M | 16.9M | 13.8M | 14.7M | 7.8M | |
Other Current Liab | 5.7M | 15.3M | 17.3M | 12.7M | 13.9M | 7.4M | |
Total Current Liabilities | 11.2M | 29.0M | 29.6M | 22.4M | 23.3M | 13.9M | |
Total Stockholder Equity | 42.8M | 101.2M | 97.9M | 101.7M | 41.7M | 40.8M | |
Property Plant And Equipment Net | 6.4M | 12.7M | 12.3M | 10.0M | 9.7M | 5.1M | |
Current Deferred Revenue | 20.3K | 1.2M | 1.1M | 1.4M | 1.4M | 1.4M | |
Net Debt | (15.9M) | (9.5M) | 7.5M | 1.5M | 11.4M | 12.0M | |
Retained Earnings | (25.1M) | (33.9M) | (31.1M) | (25.6M) | (74.5M) | (70.8M) | |
Accounts Payable | 3.5M | 6.5M | 5.9M | 5.7M | 5.8M | 2.9M | |
Cash | 20.0M | 20.9M | 9.3M | 12.3M | 3.3M | 3.2M | |
Non Current Assets Total | 25.4M | 93.2M | 105.3M | 101.5M | 54.6M | 40.5M | |
Non Currrent Assets Other | 356.6K | 1.2M | 981K | 838K | 641K | 505.4K | |
Cash And Short Term Investments | 20.0M | 20.9M | 9.3M | 12.3M | 3.3M | 3.2M | |
Net Receivables | 9.4M | 16.2M | 21.7M | 19.2M | 17.0M | 9.3M | |
Common Stock Shares Outstanding | 12.1M | 12.7M | 14.5M | 15.1M | 15.7M | 12.9M | |
Liabilities And Stockholders Equity | 56.4M | 138.0M | 140.8M | 136.2M | 77.8M | 60.3M | |
Non Current Liabilities Total | 2.4M | 7.7M | 13.4M | 12.1M | 12.8M | 13.4M | |
Inventory | 491.1K | 399K | 503K | 381K | 465K | 414.8K | |
Other Stockholder Equity | 68.7M | 136.1M | 130.7M | 130.3M | 120.0M | 64.7M | |
Total Liab | 13.6M | 36.8M | 42.9M | 34.5M | 36.1M | 19.5M | |
Total Current Assets | 31.0M | 44.8M | 35.6M | 34.7M | 23.2M | 19.8M | |
Accumulated Other Comprehensive Income | (843.0K) | (1.0M) | (1.8M) | (3.0M) | (3.9M) | (3.7M) | |
Short Term Debt | 2.0M | 5.1M | 4.3M | 2.6M | 2.2M | 3.0M | |
Intangible Assets | 6.0M | 30.0M | 30.8M | 29.5M | 25.1M | 12.9M | |
Common Stock | 12.6K | 13.0K | 14K | 16K | 17K | 11.7K | |
Good Will | 12.6M | 12.6M | 49.3M | 61.2M | 19.2M | 25.8M |
Pair Trading with CareCloud
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 CareCloud 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 CareCloud will appreciate offsetting losses from the drop in the long position's value.Moving together with CareCloud Stock
Moving against CareCloud Stock
0.73 | EKSO | Ekso Bionics Holdings | PairCorr |
0.68 | FEMY | Femasys | PairCorr |
0.68 | FLGT | Fulgent Genetics | PairCorr |
0.6 | DRIO | DarioHealth Corp | PairCorr |
0.53 | VERO | Venus Concept | PairCorr |
The ability to find closely correlated positions to CareCloud could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareCloud 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 CareCloud - 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 CareCloud to buy it.
The correlation of CareCloud 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 CareCloud moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareCloud 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 CareCloud 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in CareCloud. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in CareCloud Stock, please use our How to Invest in CareCloud guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Health Care Equipment & Supplies 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 CareCloud. If investors know CareCloud 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 CareCloud listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 7.008 | Quarterly Revenue Growth (0.04) | Return On Assets (0.0006) | Return On Equity (0.66) |
The market value of CareCloud is measured differently than its book value, which is the value of CareCloud that is recorded on the company's balance sheet. Investors also form their own opinion of CareCloud's value that differs from its market value or its book value, called intrinsic value, which is CareCloud'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 CareCloud's market value can be influenced by many factors that don't directly affect CareCloud'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 CareCloud's value and its price as these two are different measures arrived at by different means. Investors typically determine if CareCloud is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareCloud'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.