Electrocore Inventory vs Net Receivables Analysis

ECOR Stock

USD 12.20 0.05 0.41%

Electrocore LLC financial indicator trend analysis is much more than just examining Electrocore LLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrocore LLC is a good investment. Please check the relationship between Electrocore LLC Inventory and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocore LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrocore LLC Inventory account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Electrocore LLC's Inventory and Net Receivables is 0.88. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Electrocore LLC, assuming nothing else is changed. The correlation between historical values of Electrocore LLC's Inventory and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Electrocore LLC are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Inventory i.e., Electrocore LLC's Inventory and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Inventory

Net Receivables

Most indicators from Electrocore LLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electrocore LLC 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 Electrocore LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.As of 11/30/2024, Selling General Administrative is likely to drop to about 24.1 M. In addition to that, Tax Provision is likely to drop to about (206.8 K)

	2021	2022	2023	2024 (projected)
Gross Profit	4.1M	7.0M	13.2M	13.9M
Total Revenue	5.5M	8.6M	16.0M	16.8M

Gross Profit Total Revenue

Electrocore LLC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		-0.77	0.72	0.66	0.76	0.31	0.74	0.52	-0.66	0.14	0.04	0.61	0.44	0.42	0.2	-0.84	0.97	0.53	-0.64	-0.28	-0.84	-0.45	0.66	0.68	0.88	-0.67
Short Long Term Debt Total	-0.77		-0.93	-0.86	-0.75	-0.78	-0.77	-0.7	0.84	0.45	0.06	-0.81	-0.54	-0.51	-0.6	0.95	-0.67	-0.87	0.81	0.31	0.95	0.61	-0.88	-0.88	-0.88	0.19
Other Current Liab	0.72	-0.93		0.78	0.54	0.56	0.57	0.47	-0.77	-0.51	-0.22	0.72	0.24	0.21	0.45	-0.88	0.69	0.76	-0.58	-0.02	-0.88	-0.34	0.71	0.81	0.74	-0.24
Total Current Liabilities	0.66	-0.86	0.78		0.72	0.72	0.74	0.85	-0.57	-0.25	0.41	0.54	0.58	0.55	0.55	-0.85	0.5	0.88	-0.78	-0.4	-0.85	-0.62	0.8	0.79	0.7	-0.22
Total Stockholder Equity	0.76	-0.75	0.54	0.72		0.67	1.0	0.71	-0.61	0.09	0.26	0.59	0.65	0.63	0.51	-0.76	0.65	0.77	-0.96	-0.81	-0.76	-0.92	0.9	0.85	0.92	-0.49
Other Liab	0.31	-0.78	0.56	0.72	0.67		0.7	0.79	-0.62	-0.57	0.11	0.64	0.71	0.68	0.78	-0.68	0.14	0.87	-0.84	-0.55	-0.68	-0.77	0.84	0.69	0.65	0.26
Net Tangible Assets	0.74	-0.77	0.57	0.74	1.0	0.7		0.71	-0.61	0.04	0.24	0.59	0.63	0.6	0.55	-0.76	0.64	0.8	-0.97	-0.81	-0.76	-0.93	0.91	0.87	0.92	-0.47
Property Plant And Equipment Net	0.52	-0.7	0.47	0.85	0.71	0.79	0.71		-0.57	-0.11	0.57	0.58	0.86	0.84	0.43	-0.72	0.29	0.8	-0.78	-0.56	-0.72	-0.69	0.76	0.56	0.65	0.02
Net Debt	-0.66	0.84	-0.77	-0.57	-0.61	-0.62	-0.61	-0.57		0.37	0.22	-0.99	-0.47	-0.44	-0.2	0.78	-0.59	-0.69	0.62	0.2	0.78	0.45	-0.71	-0.67	-0.81	0.05
Retained Earnings	0.14	0.45	-0.51	-0.25	0.09	-0.57	0.04	-0.11	0.37		0.48	-0.39	0.0	0.02	-0.55	0.28	0.15	-0.4	0.13	-0.27	0.28	0.0	-0.25	-0.27	-0.08	-0.6
Accounts Payable	0.04	0.06	-0.22	0.41	0.26	0.11	0.24	0.57	0.22	0.48		-0.22	0.4	0.41	-0.05	-0.02	-0.15	0.19	-0.25	-0.48	-0.02	-0.33	0.11	0.02	-0.03	-0.13
Cash	0.61	-0.81	0.72	0.54	0.59	0.64	0.59	0.58	-0.99	-0.39	-0.22		0.48	0.46	0.2	-0.73	0.53	0.68	-0.62	-0.22	-0.73	-0.46	0.68	0.63	0.79	0.01
Non Current Assets Total	0.44	-0.54	0.24	0.58	0.65	0.71	0.63	0.86	-0.47	0.0	0.4	0.48		1.0	0.46	-0.64	0.23	0.59	-0.7	-0.57	-0.64	-0.63	0.71	0.38	0.59	0.12
Non Currrent Assets Other	0.42	-0.51	0.21	0.55	0.63	0.68	0.6	0.84	-0.44	0.02	0.41	0.46	1.0		0.45	-0.61	0.21	0.56	-0.67	-0.56	-0.61	-0.61	0.69	0.35	0.56	0.13
Other Assets	0.2	-0.6	0.45	0.55	0.51	0.78	0.55	0.43	-0.2	-0.55	-0.05	0.2	0.46	0.45		-0.55	0.12	0.63	-0.68	-0.42	-0.55	-0.61	0.69	0.62	0.44	0.12
Long Term Debt	-0.84	0.95	-0.88	-0.85	-0.76	-0.68	-0.76	-0.72	0.78	0.28	-0.02	-0.73	-0.64	-0.61	-0.55		-0.73	-0.82	0.78	0.29	1.0	0.55	-0.89	-0.82	-0.87	0.26
Cash And Short Term Investments	0.97	-0.67	0.69	0.5	0.65	0.14	0.64	0.29	-0.59	0.15	-0.15	0.53	0.23	0.21	0.12	-0.73		0.38	-0.51	-0.15	-0.73	-0.32	0.53	0.62	0.81	-0.75
Net Receivables	0.53	-0.87	0.76	0.88	0.77	0.87	0.8	0.8	-0.69	-0.4	0.19	0.68	0.59	0.56	0.63	-0.82	0.38		-0.87	-0.54	-0.82	-0.76	0.92	0.88	0.76	-0.06
Common Stock Total Equity	-0.64	0.81	-0.58	-0.78	-0.96	-0.84	-0.97	-0.78	0.62	0.13	-0.25	-0.62	-0.7	-0.67	-0.68	0.78	-0.51	-0.87		0.8	0.78	0.95	-0.95	-0.88	-0.87	0.28
Common Stock Shares Outstanding	-0.28	0.31	-0.02	-0.4	-0.81	-0.55	-0.81	-0.56	0.2	-0.27	-0.48	-0.22	-0.57	-0.56	-0.42	0.29	-0.15	-0.54	0.8		0.29	0.94	-0.64	-0.55	-0.54	0.29
Long Term Debt Total	-0.84	0.95	-0.88	-0.85	-0.76	-0.68	-0.76	-0.72	0.78	0.28	-0.02	-0.73	-0.64	-0.61	-0.55	1.0	-0.73	-0.82	0.78	0.29		0.55	-0.89	-0.82	-0.87	0.26
Non Current Liabilities Total	-0.45	0.61	-0.34	-0.62	-0.92	-0.77	-0.93	-0.69	0.45	0.0	-0.33	-0.46	-0.63	-0.61	-0.61	0.55	-0.32	-0.76	0.95	0.94	0.55		-0.84	-0.77	-0.74	0.26
Capital Surpluse	0.66	-0.88	0.71	0.8	0.9	0.84	0.91	0.76	-0.71	-0.25	0.11	0.68	0.71	0.69	0.69	-0.89	0.53	0.92	-0.95	-0.64	-0.89	-0.84		0.91	0.88	-0.2
Inventory	0.68	-0.88	0.81	0.79	0.85	0.69	0.87	0.56	-0.67	-0.27	0.02	0.63	0.38	0.35	0.62	-0.82	0.62	0.88	-0.88	-0.55	-0.82	-0.77	0.91		0.84	-0.41
Other Current Assets	0.88	-0.88	0.74	0.7	0.92	0.65	0.92	0.65	-0.81	-0.08	-0.03	0.79	0.59	0.56	0.44	-0.87	0.81	0.76	-0.87	-0.54	-0.87	-0.74	0.88	0.84		-0.45
Other Stockholder Equity	-0.67	0.19	-0.24	-0.22	-0.49	0.26	-0.47	0.02	0.05	-0.6	-0.13	0.01	0.12	0.13	0.12	0.26	-0.75	-0.06	0.28	0.29	0.26	0.26	-0.2	-0.41	-0.45

Click cells to compare fundamentals

Electrocore LLC Account Relationship Matchups

Electrocore LLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	36.1M	31.5M	42.8M	24.8M	16.1M	26.5M
Other Current Liab	3.3M	2.7M	4.2M	4.5M	5.3M	4.3M
Total Current Liabilities	9.1M	5.9M	5.5M	7.0M	8.1M	7.3M
Total Stockholder Equity	24.9M	23.6M	36.6M	17.1M	7.4M	7.8M
Net Tangible Assets	23.2M	23.0M	36.1M	16.3M	18.8M	19.7M
Property Plant And Equipment Net	1.8M	761.3K	759.8K	615K	706K	717.2K
Net Debt	(11.5M)	(1.2M)	(33.9M)	(17.0M)	(9.7M)	(10.2M)
Retained Earnings	(83.5M)	(107.0M)	(124.2M)	(146.4M)	(165.2M)	(173.5M)
Accounts Payable	5.2M	2.1M	938K	2.1M	2.2M	1.8M
Cash	13.6M	4.2M	34.7M	17.7M	10.3M	14.0M
Non Current Assets Total	8.9M	8.9M	5.3M	3.6M	1.8M	1.7M
Non Currrent Assets Other	7.2M	7.3M	4.1M	3.0M	1.1M	1.0M
Other Assets	635.9K	4.9M	(10.0)	3.5M	4.0M	4.2M
Cash And Short Term Investments	13.6M	22.6M	34.7M	17.7M	10.3M	20.5M
Net Receivables	496.1K	270.5K	438K	401K	717K	373.8K
Common Stock Total Equity	40.2M	29.5K	29.8K	45.6K	41.0K	39.0K
Common Stock Shares Outstanding	2.0M	2.6M	3.9M	4.7M	5.5M	5.7M
Liabilities And Stockholders Equity	36.1M	31.5M	42.8M	24.8M	16.1M	26.5M
Non Current Liabilities Total	1.4M	2.0M	699.5K	625K	537.0K	510.2K
Capital Surpluse	22.6M	103.8M	107.8M	130.2M	149.7M	81.9M
Inventory	891.0K	841.6K	1.4M	2.0M	2.2M	1.3M
Other Current Assets	1.1M	1.3M	2.1M	1.1M	1.1M	1.3M
Other Stockholder Equity	108.4M	130.2M	160.8M	163.5M	172.7M	181.3M
Total Liab	10.6M	7.9M	6.2M	7.7M	8.7M	8.2M
Property Plant And Equipment Gross	1.8M	244.0K	759.8K	615K	706K	646.1K
Total Current Assets	26.5M	22.6M	37.5M	21.2M	14.3M	23.4M
Accumulated Other Comprehensive Income	(41.3K)	(251.5K)	12.7K	(69K)	(64K)	(60.8K)
Common Stock	29.8K	45.6K	70.7K	5K	6K	5.7K
Property Plant Equipment	1.8M	244.0K	759.8K	615K	707.3K	627.4K
Net Invested Capital	24.4M	24.6M	36.6M	17.1M	7.4M	13.5M
Net Working Capital	17.4M	19.2M	32.1M	14.1M	6.2M	5.9M
Capital Stock	29.8K	45.6K	70.7K	5K	6K	5.7K

Pair Trading with Electrocore LLC

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 Electrocore LLC 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 Electrocore LLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with Electrocore Stock

0.66

Laboratory

Pair Corr

Moving against Electrocore Stock

0.83	EKSO	Ekso Bionics Holdings	Pair Corr
0.82	CI	Cigna Corp	Pair Corr
0.69	VERO	Venus Concept	Pair Corr

The ability to find closely correlated positions to Electrocore LLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrocore LLC 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 Electrocore LLC - 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 Electrocore LLC to buy it.

The correlation of Electrocore LLC 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 Electrocore LLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrocore LLC 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 Electrocore LLC 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 Electrocore Stock Analysis

When running Electrocore LLC's price analysis, check to measure Electrocore LLC's 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 Electrocore LLC is operating at the current time. Most of Electrocore LLC's value examination focuses on studying past and present price action to predict the probability of Electrocore LLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrocore LLC's price. Additionally, you may evaluate how the addition of Electrocore LLC to your portfolios can decrease your overall portfolio volatility.

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