EnVVeno Deferred Long Term Liab vs Property Plant Equipment Analysis

NVNO Stock  USD 2.82  0.01  0.35%   
EnVVeno Medical financial indicator trend analysis is much more than just examining enVVeno Medical Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether enVVeno Medical Corp is a good investment. Please check the relationship between EnVVeno Medical Deferred Long Term Liab and its Property Plant Equipment accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in enVVeno Medical Corp. 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.

Deferred Long Term Liab vs Property Plant Equipment

Deferred Long Term Liab vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of enVVeno Medical Corp Deferred Long Term Liab account and Property Plant Equipment. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between EnVVeno Medical's Deferred Long Term Liab and Property Plant Equipment is -0.2. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of enVVeno Medical Corp, assuming nothing else is changed. The correlation between historical values of EnVVeno Medical's Deferred Long Term Liab and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of enVVeno Medical Corp are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Deferred Long Term Liab i.e., EnVVeno Medical's Deferred Long Term Liab and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

-0.2
Relationship DirectionNegative 
Relationship StrengthInsignificant

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Property Plant Equipment

Most indicators from EnVVeno Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into enVVeno Medical Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in enVVeno Medical Corp. 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.
As of the 13th of December 2024, Enterprise Value is likely to grow to about 64.1 M, while Selling General Administrative is likely to drop about 9.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense18.7K263K236.7K224.9K
Depreciation And Amortization452.9K525K220K387.0K

EnVVeno Medical fundamental ratios Correlations

0.12-0.59-0.570.990.87-0.31-0.59-0.9-0.330.590.69-0.31.00.96-0.220.80.95-0.471.0-0.46-0.56-0.34-0.60.98-0.68
0.120.690.680.02-0.030.09-0.120.12-0.130.160.280.590.110.080.460.09-0.060.670.110.780.23-0.190.16-0.010.43
-0.590.690.99-0.67-0.630.280.320.670.24-0.28-0.260.79-0.59-0.590.6-0.43-0.680.93-0.590.950.61-0.130.46-0.670.79
-0.570.680.99-0.65-0.640.220.360.630.27-0.32-0.250.79-0.57-0.560.61-0.44-0.640.94-0.570.940.62-0.150.44-0.660.77
0.990.02-0.67-0.650.88-0.33-0.59-0.91-0.330.580.65-0.390.990.96-0.320.80.96-0.560.99-0.54-0.62-0.3-0.610.99-0.73
0.87-0.03-0.63-0.640.88-0.19-0.67-0.8-0.130.670.79-0.350.870.8-0.340.820.83-0.560.87-0.57-0.68-0.22-0.680.91-0.77
-0.310.090.280.22-0.33-0.19-0.530.62-0.020.53-0.020.15-0.32-0.550.29-0.09-0.530.28-0.320.20.380.20.39-0.350.42
-0.59-0.120.320.36-0.59-0.67-0.530.290.13-1.0-0.550.2-0.59-0.350.14-0.69-0.390.3-0.590.330.370.180.34-0.590.39
-0.90.120.670.63-0.91-0.80.620.290.09-0.27-0.570.31-0.9-0.950.34-0.67-0.990.56-0.90.590.650.380.77-0.930.83
-0.33-0.130.240.27-0.33-0.13-0.020.130.09-0.140.00.46-0.33-0.340.04-0.26-0.180.18-0.33-0.05-0.06-0.31-0.5-0.21-0.23
0.590.16-0.28-0.320.580.670.53-1.0-0.27-0.140.56-0.170.590.34-0.120.690.38-0.260.58-0.28-0.35-0.19-0.320.58-0.36
0.690.28-0.26-0.250.650.79-0.02-0.55-0.570.00.560.170.680.620.220.450.61-0.050.68-0.22-0.21-0.08-0.580.68-0.44
-0.30.590.790.79-0.39-0.350.150.20.310.46-0.170.17-0.31-0.30.82-0.4-0.350.89-0.310.660.58-0.28-0.02-0.350.45
1.00.11-0.59-0.570.990.87-0.32-0.59-0.9-0.330.590.68-0.310.96-0.230.810.95-0.481.0-0.46-0.56-0.35-0.60.98-0.68
0.960.08-0.59-0.560.960.8-0.55-0.35-0.95-0.340.340.62-0.30.96-0.210.70.97-0.460.96-0.43-0.52-0.32-0.580.94-0.66
-0.220.460.60.61-0.32-0.340.290.140.340.04-0.120.220.82-0.23-0.21-0.41-0.330.85-0.230.580.85-0.110.25-0.330.61
0.80.09-0.43-0.440.80.82-0.09-0.69-0.67-0.260.690.45-0.40.810.7-0.410.72-0.460.81-0.33-0.65-0.48-0.420.79-0.56
0.95-0.06-0.68-0.640.960.83-0.53-0.39-0.99-0.180.380.61-0.350.950.97-0.330.72-0.570.95-0.58-0.64-0.36-0.720.97-0.8
-0.470.670.930.94-0.56-0.560.280.30.560.18-0.26-0.050.89-0.48-0.460.85-0.46-0.57-0.480.890.79-0.150.41-0.580.78
1.00.11-0.59-0.570.990.87-0.32-0.59-0.9-0.330.580.68-0.311.00.96-0.230.810.95-0.48-0.46-0.56-0.35-0.60.98-0.68
-0.460.780.950.94-0.54-0.570.20.330.59-0.05-0.28-0.220.66-0.46-0.430.58-0.33-0.580.89-0.460.61-0.050.6-0.590.84
-0.560.230.610.62-0.62-0.680.380.370.65-0.06-0.35-0.210.58-0.56-0.520.85-0.65-0.640.79-0.560.610.10.63-0.660.84
-0.34-0.19-0.13-0.15-0.3-0.220.20.180.38-0.31-0.19-0.08-0.28-0.35-0.32-0.11-0.48-0.36-0.15-0.35-0.050.10.42-0.330.23
-0.60.160.460.44-0.61-0.680.390.340.77-0.5-0.32-0.58-0.02-0.6-0.580.25-0.42-0.720.41-0.60.60.630.42-0.710.88
0.98-0.01-0.67-0.660.990.91-0.35-0.59-0.93-0.210.580.68-0.350.980.94-0.330.790.97-0.580.98-0.59-0.66-0.33-0.71-0.8
-0.680.430.790.77-0.73-0.770.420.390.83-0.23-0.36-0.440.45-0.68-0.660.61-0.56-0.80.78-0.680.840.840.230.88-0.8
Click cells to compare fundamentals

EnVVeno Medical Account Relationship Matchups

EnVVeno Medical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.4M10.5M57.7M41.7M48.6M51.1M
Other Current Liab333.4K1.1M438.0K254K268K254.6K
Total Current Liabilities1.9M3.2M1.6M1.5M1.4M2.3M
Total Stockholder Equity989.9K7.1M54.4M38.7M46.2M48.5M
Property Plant And Equipment Net1.2M938.9K2.6M2.2M1.7M1.1M
Net Debt(450.6K)(8.5M)(52.7M)(2.8M)(2.2M)(2.3M)
Retained Earnings(56.2M)(65.3M)(81.9M)(106.5M)(130.0M)(123.5M)
Accounts Payable1.2M1.4M560K648K427K705.3K
Cash1.3M9.3M54.7M4.6M3.6M3.4M
Non Current Assets Total2.0M968.8K2.7M2.2M1.7M1.8M
Cash And Short Term Investments1.3M9.3M54.7M39.0M46.4M48.7M
Common Stock Shares Outstanding630.4K1.3M8.7M11.2M12.3M12.9M
Liabilities And Stockholders Equity3.4M10.5M57.7M41.7M48.6M51.1M
Non Current Liabilities Total567.9K253.7K1.7M1.4M1.1M1.5M
Other Current Assets116.6K468.9K624.4K392K511K304.4K
Other Stockholder Equity57.2M72.4M136.3M145.2M176.2M185.0M
Total Liab2.4M3.4M3.3M2.9M2.4M3.7M
Total Current Assets1.4M9.6M55.0M39.4M46.9M49.3M
Short Term Debt288.7K626.9K582.1K628K676K703.2K
Common Stock117.0179.025.095.085.582.17
Net Tangible Assets989.9K7.1M54.4M38.7M44.5M46.8M
Net Invested Capital989.9K7.4M54.4M38.7M46.2M48.5M
Net Working Capital(452.4K)6.4M53.5M37.9M45.6M47.8M
Property Plant Equipment1.2M938.9K2.6M521K599.2K968.9K

Pair Trading with EnVVeno Medical

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 EnVVeno Medical 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 EnVVeno Medical will appreciate offsetting losses from the drop in the long position's value.

Moving against EnVVeno Stock

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The ability to find closely correlated positions to EnVVeno Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EnVVeno Medical 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 EnVVeno Medical - 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 enVVeno Medical Corp to buy it.
The correlation of EnVVeno Medical 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 EnVVeno Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if enVVeno Medical Corp 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 EnVVeno Medical 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
When determining whether enVVeno Medical Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EnVVeno Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Envveno Medical Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Envveno Medical Corp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in enVVeno Medical Corp. 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.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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 EnVVeno Medical. If investors know EnVVeno 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 EnVVeno Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.29)
Return On Assets
(0.37)
Return On Equity
(0.59)
The market value of enVVeno Medical Corp is measured differently than its book value, which is the value of EnVVeno that is recorded on the company's balance sheet. Investors also form their own opinion of EnVVeno Medical's value that differs from its market value or its book value, called intrinsic value, which is EnVVeno Medical'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 EnVVeno Medical's market value can be influenced by many factors that don't directly affect EnVVeno Medical'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 EnVVeno Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnVVeno Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnVVeno Medical'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.