Ovid Capital Expenditures vs Depreciation Analysis
OVID Stock | USD 1.06 0.01 0.95% |
Ovid Therapeutics financial indicator trend analysis is much more than just breaking down Ovid Therapeutics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ovid Therapeutics is a good investment. Please check the relationship between Ovid Therapeutics Capital Expenditures and its Depreciation accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovid Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Ovid Stock refer to our How to Trade Ovid Stock guide.
Capital Expenditures vs Depreciation
Capital Expenditures vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ovid Therapeutics Capital Expenditures account and Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ovid Therapeutics' Capital Expenditures and Depreciation is 0.48. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Ovid Therapeutics, assuming nothing else is changed. The correlation between historical values of Ovid Therapeutics' Capital Expenditures and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Ovid Therapeutics are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Ovid Therapeutics' Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by Ovid Therapeutics to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Ovid Therapeutics operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Depreciation
Depreciation indicates how much of Ovid Therapeutics value has been used up. For tax purposes Ovid Therapeutics can deduct the cost of the tangible assets it purchases as business expenses. However, Ovid Therapeutics 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.Most indicators from Ovid Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ovid Therapeutics 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovid Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Ovid Stock refer to our How to Trade Ovid Stock guide.At present, Ovid Therapeutics' Sales General And Administrative To Revenue is projected to increase significantly based on the last few years of reporting.
2023 | 2024 (projected) | Depreciation And Amortization | 1.6M | 1.7M | Interest Income | 5.6M | 5.9M |
Ovid Therapeutics fundamental ratios Correlations
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Ovid Therapeutics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ovid Therapeutics fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 80.8M | 75.9M | 194.5M | 155.3M | 144.0M | 100.8M | |
Total Current Liabilities | 10.5M | 22.1M | 14.8M | 7.0M | 11.5M | 9.6M | |
Total Stockholder Equity | 70.0M | 43.6M | 179.7M | 132.3M | 87.8M | 83.4M | |
Net Tangible Assets | 69.6M | 43.3M | 179.7M | 132.3M | 152.1M | 81.7M | |
Retained Earnings | (213.2M) | (294.2M) | (171.4M) | (225.5M) | (277.9M) | (264.0M) | |
Accounts Payable | 3.3M | 5.4M | 7.1M | 2.0M | 3.7M | 3.2M | |
Cash | 41.9M | 72.0M | 187.8M | 129.0M | 27.0M | 25.7M | |
Other Assets | 494.9K | (100.0) | 2.0M | 1.9M | 1.0 | 0.95 | |
Common Stock Shares Outstanding | 39.2M | 58.5M | 68.1M | 70.4M | 70.6M | 44.0M | |
Total Liab | 10.8M | 32.3M | 14.8M | 23.0M | 56.2M | 59.0M | |
Total Current Assets | 79.8M | 74.8M | 190.5M | 131.4M | 109.6M | 93.1M | |
Intangible Assets | 467.2K | 318.9K | 260.1K | 261.2K | 183.0K | 235.2K | |
Common Stock | 54.7K | 65.7K | 70.4K | 70.5K | 70.7K | 47.4K | |
Property Plant Equipment | 68.4K | 135.6K | 242.8K | 1.1M | 1.3M | 1.4M | |
Other Current Liab | 7.3M | 14.4M | 7.7M | 4.5M | 6.5M | 6.6M | |
Property Plant And Equipment Net | 68.4K | 135.6K | 242.8K | 16.1M | 14.7M | 15.4M | |
Net Debt | (41.9M) | (72.0M) | (187.8M) | (112.5M) | (11.0M) | (11.6M) | |
Non Current Assets Total | 1.0M | 1.1M | 4.1M | 23.9M | 34.4M | 36.2M | |
Non Currrent Assets Other | 495.2K | 627.8K | 1.9M | 2.0M | 2.0M | 1.4M | |
Cash And Short Term Investments | 76.7M | 72.0M | 187.8M | 129.0M | 105.8M | 100.5M | |
Common Stock Total Equity | 54.7K | 65.7K | 70.4K | 70.5K | 81.0K | 46.7K | |
Liabilities And Stockholders Equity | 80.8M | 75.9M | 194.5M | 155.3M | 144.0M | 111.4M | |
Other Current Assets | 1.9M | 2.7M | 2.7M | 2.4M | 3.8M | 2.2M | |
Other Stockholder Equity | 283.1M | 337.8M | 351.0M | 357.8M | 365.6M | 276.7M | |
Property Plant And Equipment Gross | 68.4K | 135.6K | 505.0K | 16.7M | 15.7M | 16.4M | |
Accumulated Other Comprehensive Income | (50.9K) | (1.8K) | 2.5K | (42.2K) | 702.0 | 737.1 | |
Non Current Liabilities Total | 286.6K | 10.2M | 7.1M | 16.0M | 44.8M | 47.0M | |
Retained Earnings Total Equity | (213.2M) | (294.2M) | (171.4M) | (225.5M) | (203.0M) | (213.1M) | |
Capital Surpluse | 283.1M | 337.8M | 351.0M | 357.8M | 411.4M | 312.6M | |
Net Invested Capital | 70.0M | 43.6M | 179.7M | 132.3M | 87.8M | 99.9M | |
Net Working Capital | 69.3M | 52.8M | 175.7M | 124.4M | 98.1M | 100.3M | |
Capital Stock | 54.7K | 65.7K | 70.4K | 70.5K | 70.7K | 65.4K |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Ovid Therapeutics is a strong investment it is important to analyze Ovid Therapeutics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ovid Therapeutics' future performance. For an informed investment choice regarding Ovid Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovid Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Ovid Stock refer to our How to Trade Ovid Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Biotechnology 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 Ovid Therapeutics. If investors know Ovid 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 Ovid Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.46) | Revenue Per Share 0.009 | Quarterly Revenue Growth 0.587 | Return On Assets (0.36) | Return On Equity (0.37) |
The market value of Ovid Therapeutics is measured differently than its book value, which is the value of Ovid that is recorded on the company's balance sheet. Investors also form their own opinion of Ovid Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Ovid Therapeutics' 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 Ovid Therapeutics' market value can be influenced by many factors that don't directly affect Ovid Therapeutics' 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 Ovid Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ovid Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ovid Therapeutics' 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.