FLGT Stock | | | USD 20.24 0.11 0.55% |
Fulgent Genetics financial indicator trend analysis is much more than just examining Fulgent Genetics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fulgent Genetics is a good investment. Please check the relationship between Fulgent Genetics Cash and its Total Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fulgent Genetics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Fulgent Stock please use our
How to Invest in Fulgent Genetics guide.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fulgent Genetics Cash account and
Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Fulgent Genetics' Cash and Total Assets is 0.87. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of Fulgent Genetics, assuming nothing else is changed. The correlation between historical values of Fulgent Genetics' Cash and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Fulgent Genetics are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., Fulgent Genetics' Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Fulgent Genetics, which is listed under current asset account on Fulgent Genetics balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Fulgent Genetics customers. The amounts must be unrestricted with restricted cash listed in a different Fulgent Genetics account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Assets
Total assets refers to the total amount of Fulgent Genetics assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Fulgent Genetics books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Fulgent Genetics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fulgent Genetics 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 Fulgent Genetics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Fulgent Stock please use our
How to Invest in Fulgent Genetics guide.At this time, Fulgent Genetics'
Discontinued Operations is comparatively stable compared to the past year.
Selling General Administrative is likely to gain to about 93.4
M in 2024, whereas
Tax Provision is likely to drop slightly above 2.5
M in 2024.
Fulgent Genetics fundamental ratios Correlations
Click cells to compare fundamentals
Fulgent Genetics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fulgent Genetics fundamental ratios Accounts
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Additional Tools for Fulgent Stock Analysis
When running Fulgent Genetics' price analysis, check to
measure Fulgent Genetics' 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 Fulgent Genetics is operating at the current time. Most of Fulgent Genetics' value examination focuses on studying past and present price action to
predict the probability of Fulgent Genetics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fulgent Genetics' price. Additionally, you may evaluate how the addition of Fulgent Genetics to your portfolios can decrease your overall portfolio volatility.