Spectral Net Receivables vs Property Plant And Equipment Net Analysis

EDT Stock  CAD 0.55  0.01  1.79%   
Spectral Med financial indicator trend analysis is much more than just breaking down Spectral Med prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spectral Med is a good investment. Please check the relationship between Spectral Med Net Receivables and its Property Plant And Equipment Net accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Spectral Med. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Receivables vs Property Plant And Equipment Net

Net Receivables vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spectral Med Net Receivables account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Spectral Med's Net Receivables and Property Plant And Equipment Net is -0.51. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Spectral Med, assuming nothing else is changed. The correlation between historical values of Spectral Med's Net Receivables and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Spectral Med are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Net Receivables i.e., Spectral Med's Net Receivables and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

-0.51
Relationship DirectionNegative 
Relationship StrengthVery Weak

Net Receivables

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Spectral Med's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spectral Med 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 Spectral Med. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Spectral Med's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 3rd of December 2024, Enterprise Value is likely to grow to about 130.2 M, while Selling General Administrative is likely to drop about 8.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.2M983K662K628.9K
Total Revenue2.1M1.7M1.6M1.5M

Spectral Med fundamental ratios Correlations

-0.19-0.18-0.170.62-0.44-0.14-0.750.350.240.910.080.99-0.01-0.29-0.060.06-0.6-0.16-0.121.00.69-0.21-0.220.080.55
-0.190.960.9-0.840.370.640.76-0.710.6-0.060.36-0.23-0.150.60.920.270.420.940.81-0.22-0.12-0.23-0.620.71-0.18
-0.180.960.98-0.840.40.620.69-0.660.65-0.010.26-0.2-0.310.570.880.340.340.950.77-0.2-0.14-0.27-0.590.74-0.22
-0.170.90.98-0.820.450.60.65-0.620.650.010.18-0.18-0.430.520.860.430.280.940.74-0.18-0.11-0.26-0.580.76-0.18
0.62-0.84-0.84-0.82-0.66-0.69-0.910.79-0.40.45-0.320.650.26-0.67-0.81-0.31-0.64-0.87-0.760.640.480.110.48-0.590.46
-0.440.370.40.45-0.660.780.52-0.570.11-0.290.49-0.46-0.510.480.540.450.480.560.62-0.47-0.40.0-0.60.53-0.32
-0.140.640.620.6-0.690.780.51-0.850.35-0.030.72-0.21-0.170.810.80.270.520.770.81-0.19-0.26-0.44-0.870.77-0.38
-0.750.760.690.65-0.910.520.51-0.640.19-0.690.18-0.77-0.080.530.620.120.560.690.58-0.76-0.370.01-0.320.43-0.31
0.35-0.71-0.66-0.620.79-0.57-0.85-0.64-0.240.2-0.530.42-0.1-0.97-0.77-0.07-0.71-0.77-0.780.390.460.570.57-0.660.63
0.240.60.650.65-0.40.110.350.19-0.240.320.450.22-0.390.150.660.33-0.10.640.410.210.05-0.16-0.520.56-0.03
0.91-0.06-0.010.010.45-0.29-0.03-0.690.20.320.110.91-0.11-0.150.080.18-0.40.00.040.910.42-0.22-0.220.170.29
0.080.360.260.18-0.320.490.720.18-0.530.450.110.00.00.510.550.050.320.430.540.01-0.21-0.29-0.710.48-0.3
0.99-0.23-0.2-0.180.65-0.46-0.21-0.770.420.220.910.0-0.05-0.36-0.110.07-0.63-0.2-0.171.00.72-0.17-0.160.040.59
-0.01-0.15-0.31-0.430.26-0.51-0.17-0.08-0.1-0.39-0.110.0-0.050.22-0.28-0.740.21-0.33-0.29-0.01-0.07-0.30.31-0.3-0.23
-0.290.60.570.52-0.670.480.810.53-0.970.15-0.150.51-0.360.220.66-0.080.650.660.67-0.33-0.42-0.71-0.510.64-0.66
-0.060.920.880.86-0.810.540.80.62-0.770.660.080.55-0.11-0.280.660.420.410.980.9-0.1-0.12-0.28-0.780.81-0.18
0.060.270.340.43-0.310.450.270.12-0.070.330.180.050.07-0.74-0.080.42-0.140.430.550.060.00.31-0.340.340.2
-0.60.420.340.28-0.640.480.520.56-0.71-0.1-0.40.32-0.630.210.650.41-0.140.430.49-0.62-0.74-0.04-0.150.05-0.67
-0.160.940.950.94-0.870.560.770.69-0.770.640.00.43-0.2-0.330.660.980.430.430.88-0.19-0.17-0.26-0.720.8-0.23
-0.120.810.770.74-0.760.620.810.58-0.780.410.040.54-0.17-0.290.670.90.550.490.88-0.16-0.23-0.2-0.720.67-0.22
1.0-0.22-0.2-0.180.64-0.47-0.19-0.760.390.210.910.011.0-0.01-0.33-0.10.06-0.62-0.19-0.160.71-0.19-0.170.050.57
0.69-0.12-0.14-0.110.48-0.4-0.26-0.370.460.050.42-0.210.72-0.07-0.42-0.120.0-0.74-0.17-0.230.71-0.05-0.190.10.9
-0.21-0.23-0.27-0.260.110.0-0.440.010.57-0.16-0.22-0.29-0.17-0.3-0.71-0.280.31-0.04-0.26-0.2-0.19-0.050.34-0.560.38
-0.22-0.62-0.59-0.580.48-0.6-0.87-0.320.57-0.52-0.22-0.71-0.160.31-0.51-0.78-0.34-0.15-0.72-0.72-0.17-0.190.34-0.79-0.07
0.080.710.740.76-0.590.530.770.43-0.660.560.170.480.04-0.30.640.810.340.050.80.670.050.1-0.56-0.79-0.12
0.55-0.18-0.22-0.180.46-0.32-0.38-0.310.63-0.030.29-0.30.59-0.23-0.66-0.180.2-0.67-0.23-0.220.570.90.38-0.07-0.12
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Spectral Med Account Relationship Matchups

Spectral Med fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.0M8.2M11.6M12.0M5.2M5.0M
Other Current Liab704K980K1.1M4.1M7.5M7.9M
Total Current Liabilities1.1M2.9M2.3M4.0M10.2M10.8M
Total Stockholder Equity2.3M(669K)4.1M(2.5M)(16.5M)(15.7M)
Property Plant And Equipment Net1.1M1.1M1.1M701K893K1.2M
Net Debt(691K)(5.1M)(8.3M)(1.8M)5.6M5.9M
Retained Earnings(80.6M)(89.7M)(98.5M)(109.7M)(125.4M)(119.2M)
Accounts Payable298K1.2M444K1.7M1.6M1.1M
Cash1.4M5.8M8.9M8.4M3.0M5.8M
Non Current Assets Total1.4M1.4M1.3M1.9M1.1M1.0M
Cash And Short Term Investments1.4M5.8M8.9M8.4M3.0M2.8M
Net Receivables790K260K205K1.1M186K176.7K
Common Stock Shares Outstanding225.7M232.5M252.5M269.8M278.6M292.5M
Liabilities And Stockholders Equity4.0M8.2M11.6M12.0M5.2M5.0M
Non Current Liabilities Total667K5.9M5.2M10.6M11.5M12.1M
Other Current Assets155K389K875K276K621K652.1K
Total Liab1.7M8.8M7.5M14.5M21.8M22.8M
Property Plant And Equipment Gross1.1M1.1M4.2M3.8M4.2M4.4M
Total Current Assets2.7M6.8M10.3M10.1M4.1M3.9M
Accumulated Other Comprehensive Income8.1M9.2M10.2M11.4M12.9M13.6M
Short Term Debt77K85K92K175K385K365.8K
Intangible Assets263K246K228K211K193K183.4K
Non Currrent Assets Other(1.4M)(1.4M)(1.3M)(1.9M)(1.7M)(1.6M)
Inventory276K348K293K340K366K474.6K
Short Term Investments64K232K717K241K608K577.6K
Common Stock Total Equity63.2M66.6M66.8M71.9M82.7M60.2M
Common Stock66.8M71.9M84.4M87.1M87.1M68.9M
Net Tangible Assets2.0M(915K)3.9M(2.7M)(2.5M)(2.3M)
Property Plant Equipment1.1M1.1M1.1M701K806.2K807.7K
Long Term Debt Total667K582K490K6.5M7.5M7.9M
Net Invested Capital2.3M(669K)4.1M3.6M(8.6M)(8.2M)
Net Working Capital1.6M3.9M8.0M6.1M(6.1M)(5.8M)
Capital Stock66.8M71.9M84.4M87.1M87.1M85.0M

Pair Trading with Spectral Med

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 Spectral Med 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 Spectral Med will appreciate offsetting losses from the drop in the long position's value.

Moving against Spectral Stock

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The ability to find closely correlated positions to Spectral Med could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spectral Med 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 Spectral Med - 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 Spectral Med to buy it.
The correlation of Spectral Med 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 Spectral Med moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spectral Med 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 Spectral Med 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 CorrelationCorrelation Matching

Other Information on Investing in Spectral Stock

Balance Sheet is a snapshot of the financial position of Spectral Med at a specified time, usually calculated after every quarter, six months, or one year. Spectral Med Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Spectral Med and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Spectral currently owns. An asset can also be divided into two categories, current and non-current.