Qualigen Gross Profit Margin vs Non Current Liabilities Total Analysis

QLGN Stock  USD 3.76  0.14  3.59%   
Qualigen Therapeutics financial indicator trend analysis is much more than just breaking down Qualigen Therapeutics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qualigen Therapeutics is a good investment. Please check the relationship between Qualigen Therapeutics Gross Profit Margin and its Non Current Liabilities Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qualigen 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 price.
To learn how to invest in Qualigen Stock, please use our How to Invest in Qualigen Therapeutics guide.

Gross Profit Margin vs Non Current Liabilities Total

Gross Profit Margin vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qualigen Therapeutics Gross Profit Margin account and Non Current Liabilities Total. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Qualigen Therapeutics' Gross Profit Margin and Non Current Liabilities Total is 0.14. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Qualigen Therapeutics, assuming nothing else is changed. The correlation between historical values of Qualigen Therapeutics' Gross Profit Margin and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of Qualigen Therapeutics are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Gross Profit Margin i.e., Qualigen Therapeutics' Gross Profit Margin and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.14
Relationship DirectionPositive 
Relationship StrengthInsignificant

Gross Profit Margin

Non Current Liabilities Total

Most indicators from Qualigen Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qualigen 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 Qualigen 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 price.
To learn how to invest in Qualigen Stock, please use our How to Invest in Qualigen Therapeutics guide.As of the 13th of December 2024, Selling General Administrative is likely to grow to about 7.3 M, while Tax Provision is likely to drop (5 K).
 2023 2024 (projected)
Depreciation And Amortization4.5K4.3K
Interest Income141.5K86.2K

Qualigen Therapeutics fundamental ratios Correlations

0.460.180.920.05-0.890.22-0.40.920.050.00.370.920.15-0.36-0.140.320.110.2-0.280.97-0.32-0.19-0.290.640.19
0.460.890.080.61-0.08-0.35-0.410.130.63-0.190.510.13-0.340.120.530.770.480.890.130.290.30.290.180.62-0.44
0.180.89-0.210.560.19-0.66-0.03-0.130.630.080.3-0.13-0.310.450.760.770.680.990.420.020.530.520.470.53-0.71
0.920.08-0.21-0.24-0.980.48-0.340.99-0.270.00.20.990.28-0.54-0.45-0.03-0.18-0.2-0.470.97-0.54-0.42-0.470.440.47
0.050.610.56-0.240.33-0.31-0.42-0.280.74-0.480.7-0.28-0.220.160.610.480.350.640.22-0.140.620.6-0.030.3-0.14
-0.89-0.080.19-0.980.33-0.50.27-1.00.39-0.02-0.15-1.0-0.30.560.450.110.20.20.52-0.970.550.460.47-0.47-0.45
0.22-0.35-0.660.48-0.31-0.5-0.510.44-0.52-0.410.140.440.34-0.95-0.82-0.61-0.93-0.69-0.930.35-0.61-0.76-0.88-0.260.85
-0.4-0.41-0.03-0.34-0.420.27-0.51-0.28-0.230.56-0.43-0.280.330.550.27-0.150.37-0.060.46-0.330.280.350.5-0.2-0.34
0.920.13-0.130.99-0.28-1.00.44-0.28-0.330.060.171.00.29-0.52-0.39-0.04-0.14-0.14-0.470.99-0.52-0.41-0.440.510.4
0.050.630.63-0.270.740.39-0.52-0.23-0.33-0.120.47-0.33-0.280.440.530.870.550.70.49-0.20.480.530.420.03-0.5
0.0-0.190.080.0-0.48-0.02-0.410.560.06-0.12-0.740.06-0.080.510.070.150.390.060.490.03-0.2-0.040.550.07-0.55
0.370.510.30.20.7-0.150.14-0.430.170.47-0.740.170.36-0.360.270.260.010.34-0.320.250.470.38-0.420.160.27
0.920.13-0.130.99-0.28-1.00.44-0.281.0-0.330.060.170.29-0.52-0.39-0.04-0.14-0.14-0.470.99-0.52-0.41-0.440.510.4
0.15-0.34-0.310.28-0.22-0.30.340.330.29-0.28-0.080.360.29-0.43-0.12-0.38-0.27-0.34-0.450.210.190.1-0.43-0.320.39
-0.360.120.45-0.540.160.56-0.950.55-0.520.440.51-0.36-0.52-0.430.640.50.820.490.99-0.460.450.620.930.1-0.8
-0.140.530.76-0.450.610.45-0.820.27-0.390.530.070.27-0.39-0.120.640.480.810.770.61-0.270.860.910.510.35-0.7
0.320.770.77-0.030.480.11-0.61-0.15-0.040.870.150.26-0.04-0.380.50.480.690.820.540.090.260.370.580.31-0.65
0.110.480.68-0.180.350.2-0.930.37-0.140.550.390.01-0.14-0.270.820.810.690.710.83-0.030.520.740.760.46-0.78
0.20.890.99-0.20.640.2-0.69-0.06-0.140.70.060.34-0.14-0.340.490.770.820.710.480.020.550.560.470.55-0.69
-0.280.130.42-0.470.220.52-0.930.46-0.470.490.49-0.32-0.47-0.450.990.610.540.830.48-0.40.420.610.90.12-0.76
0.970.290.020.97-0.14-0.970.35-0.330.99-0.20.030.250.990.21-0.46-0.270.09-0.030.02-0.4-0.43-0.32-0.390.620.31
-0.320.30.53-0.540.620.55-0.610.28-0.520.48-0.20.47-0.520.190.450.860.260.520.550.42-0.430.940.320.0-0.43
-0.190.290.52-0.420.60.46-0.760.35-0.410.53-0.040.38-0.410.10.620.910.370.740.560.61-0.320.940.450.14-0.51
-0.290.180.47-0.47-0.030.47-0.880.5-0.440.420.55-0.42-0.44-0.430.930.510.580.760.470.9-0.390.320.450.01-0.87
0.640.620.530.440.3-0.47-0.26-0.20.510.030.070.160.51-0.320.10.350.310.460.550.120.620.00.140.01-0.14
0.19-0.44-0.710.47-0.14-0.450.85-0.340.4-0.5-0.550.270.40.39-0.8-0.7-0.65-0.78-0.69-0.760.31-0.43-0.51-0.87-0.14
Click cells to compare fundamentals

Qualigen Therapeutics Account Relationship Matchups

Qualigen Therapeutics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.7M29.1M22.8M19.1M2.0M1.9M
Other Current Liab2.2M9.5M3.3M7.4M614.6K583.9K
Total Current Liabilities5.3M10.4M4.6M8.6M4.1M5.4M
Total Stockholder Equity(1.9M)18.3M16.6M7.2M(2.1M)(2.0M)
Property Plant And Equipment Net1.7M1.5M696.1K1.8M1.8M0.0
Net Debt2.1M(23.6M)(15.9M)(4.3M)897.4K942.3K
Retained Earnings(47.3M)(66.8M)(84.7M)(103.4M)(116.8M)(111.0M)
Accounts Payable879.3K500.8K886.2K619.6K2.2M2.3M
Cash153.1K24.0M17.5M7.0M401.8K381.7K
Non Current Assets Total2.1M902.1K2.0M8.3M866.5K823.2K
Non Currrent Assets Other(2.1M)18.3K18.3K24.0K866.5K909.8K
Other Assets29.7K18.3K18.3K24.0K1.00.95
Cash And Short Term Investments153.1K24.0M17.5M7.0M401.8K381.7K
Common Stock Total Equity49.4K6.0K19.1K27.324.5723.34
Common Stock Shares Outstanding627K723.7K2.9M3.8M5.1M5.3M
Liabilities And Stockholders Equity3.7M29.1M22.8M19.1M2.0M1.9M
Other Current Assets98.4K2.7M1.4M6.1M765.0K1.4M
Other Stockholder Equity45.2M85.1M101.3M110.5M114.7M81.5M
Total Liab5.6M10.8M6.3M10.3M4.1M5.9M
Property Plant And Equipment Gross108.7K678.125.2M6.5M7.4M7.8M
Total Current Assets1.6M28.2M20.8M10.8M1.2M1.1M
Property Plant Equipment1.5M696.1K1.8M1.8M2.0M1.3M
Other Liab2.7K158.3K92.9K406.8K467.8K491.2K
Net Tangible Assets(2.7M)18.1M16.4M764.4K879.1K835.1K
Net Receivables707.3K615.8K822.4K538.6K484.7K588.3K
Inventory660.1K953.5K1.1M1.6M1.8M1.1M

Pair Trading with Qualigen Therapeutics

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 Qualigen Therapeutics 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 Qualigen Therapeutics will appreciate offsetting losses from the drop in the long position's value.

Moving together with Qualigen Stock

  0.73VALN Valneva SE ADRPairCorr
  0.65ERNA Eterna TherapeuticsPairCorr

Moving against Qualigen Stock

  0.84BMY Bristol Myers SquibbPairCorr
  0.84GILD Gilead SciencesPairCorr
  0.66ESPR Esperion TherapeuticsPairCorr
  0.43DYAI Dyadic InternationalPairCorr
The ability to find closely correlated positions to Qualigen Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qualigen Therapeutics 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 Qualigen Therapeutics - 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 Qualigen Therapeutics to buy it.
The correlation of Qualigen Therapeutics 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 Qualigen Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qualigen Therapeutics 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 Qualigen Therapeutics 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 Qualigen Therapeutics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Qualigen Therapeutics' 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 Qualigen Therapeutics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Qualigen Therapeutics Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qualigen 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 price.
To learn how to invest in Qualigen Stock, please use our How to Invest in Qualigen Therapeutics guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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 Qualigen Therapeutics. If investors know Qualigen 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 Qualigen 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
3.5 K
Revenue Per Share
1.034
Quarterly Revenue Growth
0.137
Return On Assets
(0.75)
Return On Equity
(8.42)
The market value of Qualigen Therapeutics is measured differently than its book value, which is the value of Qualigen that is recorded on the company's balance sheet. Investors also form their own opinion of Qualigen Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Qualigen 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 Qualigen Therapeutics' market value can be influenced by many factors that don't directly affect Qualigen 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 Qualigen Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Qualigen Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qualigen 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.