Prenetics Cash And Short Term Investments vs Net Tangible Assets Analysis
| PRE Stock | USD 4.48 0.05 1.13% |
Prenetics Global financial indicator trend analysis is much more than just breaking down Prenetics Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Prenetics Global is a good investment. Please check the relationship between Prenetics Global Cash And Short Term Investments and its Net Tangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prenetics Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Prenetics Stock refer to our How to Trade Prenetics Stock guide.
Cash And Short Term Investments vs Net Tangible Assets
Cash And Short Term Investments vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Prenetics Global Cash And Short Term Investments account and Net Tangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Prenetics Global's Cash And Short Term Investments and Net Tangible Assets is 0.41. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Prenetics Global, assuming nothing else is changed. The correlation between historical values of Prenetics Global's Cash And Short Term Investments and Net Tangible 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 And Short Term Investments of Prenetics Global are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Cash And Short Term Investments i.e., Prenetics Global's Cash And Short Term Investments and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.41 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Prenetics Global balance sheet. This account contains Prenetics Global investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Prenetics Global fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Prenetics Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Prenetics Global 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 Prenetics Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Prenetics Stock refer to our How to Trade Prenetics Stock guide.At present, Prenetics Global's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 2.00, whereas Enterprise Value Over EBITDA is forecasted to decline to (0.51).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 106.1M | 131.6M | 8.8M | 8.4M | Total Revenue | 275.9M | 275.8M | 21.7M | 20.7M |
Prenetics Global fundamental ratios Correlations
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Prenetics Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Is Reinsurance 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 Prenetics Global. If investors know Prenetics 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 Prenetics Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.73) | Revenue Per Share 1.878 | Quarterly Revenue Growth 0.043 | Return On Assets (0.10) | Return On Equity (0.22) |
The market value of Prenetics Global is measured differently than its book value, which is the value of Prenetics that is recorded on the company's balance sheet. Investors also form their own opinion of Prenetics Global's value that differs from its market value or its book value, called intrinsic value, which is Prenetics Global'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 Prenetics Global's market value can be influenced by many factors that don't directly affect Prenetics Global'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 Prenetics Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prenetics Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prenetics Global'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.