Erasca Depreciation vs Stock Based Compensation Analysis

ERAS Stock  USD 2.62  0.06  2.34%   
Erasca financial indicator trend analysis is much more than just examining Erasca Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Erasca Inc is a good investment. Please check the relationship between Erasca Depreciation and its Stock Based Compensation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erasca Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Depreciation vs Stock Based Compensation

Depreciation vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Erasca Inc Depreciation account and Stock Based Compensation. At this time, the significance of the direction appears to have totally related.
The correlation between Erasca's Depreciation and Stock Based Compensation is 0.99. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of Erasca Inc, assuming nothing else is changed. The correlation between historical values of Erasca's Depreciation and Stock Based Compensation 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 Erasca Inc are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Depreciation i.e., Erasca's Depreciation and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Depreciation

Depreciation indicates how much of Erasca Inc value has been used up. For tax purposes Erasca can deduct the cost of the tangible assets it purchases as business expenses. However, Erasca Inc 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.

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.
Most indicators from Erasca's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Erasca Inc 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 Erasca Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Selling General Administrative is likely to drop to about 23.1 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year
 2021 2022 2023 2024 (projected)
Interest Income190K4.9M15.4M16.1M
Net Interest Income190K4.9M15.4M16.1M

Erasca fundamental ratios Correlations

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-0.86-0.93-0.86-0.87-0.21-0.92-0.930.38-0.47-0.64-0.87-0.93-0.28-0.84-0.91-0.84-0.940.14-0.93-0.85-0.97-0.11-0.8-0.94-0.86
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0.650.240.60.43-0.270.580.37-0.86-0.280.160.810.670.490.70.490.040.16-0.370.240.720.2-0.230.70.360.65
1.00.830.970.94-0.230.930.9-0.82-0.840.640.950.980.950.70.910.480.75-0.260.830.990.790.030.960.891.0
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0.530.740.50.480.660.70.690.07-0.840.010.210.620.660.040.480.710.85-0.140.740.550.810.00.50.720.51
0.790.960.780.820.180.810.93-0.29-0.940.480.50.820.90.160.750.920.85-0.090.960.770.90.160.730.940.78
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0.990.820.960.91-0.140.940.89-0.79-0.850.540.920.990.950.720.990.930.550.77-0.260.820.790.020.960.890.99
0.820.940.770.840.20.910.93-0.33-0.970.540.610.840.90.20.790.880.810.9-0.310.940.79-0.060.80.940.82
0.020.020.260.19-0.14-0.180.00.04-0.110.07-0.02-0.090.02-0.230.03-0.050.00.160.950.020.02-0.06-0.230.00.05
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0.920.990.870.93-0.040.911.0-0.54-0.940.660.720.930.990.360.890.980.720.94-0.290.990.890.940.00.90.92
1.00.860.980.96-0.220.930.92-0.8-0.860.660.930.980.970.651.00.930.510.78-0.250.860.990.820.050.960.92
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Erasca Account Relationship Matchups

Thematic Opportunities

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Additional Tools for Erasca Stock Analysis

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