Alpha Historical Balance Sheet
| TKNO Stock | USD 7.35 0.12 1.61% |
Trend analysis of Alpha Teknova balance sheet accounts such as Total Stockholder Equity of 79.8 M, Other Liab of 1.2 M, Net Tangible Assets of 130.3 M or Property Plant And Equipment Net of 40.4 M provides information on Alpha Teknova's total assets, liabilities, and equity, which is the actual value of Alpha Teknova to its prevalent stockholders. By breaking down trends over time using Alpha Teknova balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Alpha Teknova latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Alpha Teknova is a good buy for the upcoming year.
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About Alpha Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Alpha Teknova at a specified time, usually calculated after every quarter, six months, or one year. Alpha Teknova Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Alpha Teknova and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Alpha currently owns. An asset can also be divided into two categories, current and non-current.
Alpha Teknova Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Alpha Teknova 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 Alpha Teknova 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.Total Current Liabilities
Total Current Liabilities is an item on Alpha Teknova balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Alpha Teknova are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Liabilities And Stockholders Equity
The total of all liabilities and equity in the company, which should equal the company's total assets according to the accounting equation.Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Most accounts from Alpha Teknova's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Alpha Teknova current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Alpha Teknova. 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. To learn how to invest in Alpha Stock, please use our How to Invest in Alpha Teknova guide.At this time, Alpha Teknova's Cash And Short Term Investments are very stable compared to the past year. As of the 3rd of December 2024, Net Receivables is likely to grow to about 4.8 M, while Total Assets are likely to drop about 125.1 M.
| 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 42.3M | 30.5M | 23.3M | Total Assets | 152.3M | 128.6M | 125.1M |
Alpha Teknova balance sheet Correlations
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Alpha Teknova Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Alpha Teknova
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 Alpha Teknova 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 Alpha Teknova will appreciate offsetting losses from the drop in the long position's value.Moving against Alpha Stock
| 0.82 | ME | 23Andme Holding | PairCorr |
| 0.7 | VALN | Valneva SE ADR | PairCorr |
| 0.59 | DOMH | Dominari Holdings | PairCorr |
| 0.59 | DRMA | Dermata Therapeutics | PairCorr |
| 0.53 | A | Agilent Technologies | PairCorr |
The ability to find closely correlated positions to Alpha Teknova could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpha Teknova 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 Alpha Teknova - 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 Alpha Teknova to buy it.
The correlation of Alpha Teknova 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 Alpha Teknova moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha Teknova 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 Alpha Teknova 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Alpha Teknova. 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. To learn how to invest in Alpha Stock, please use our How to Invest in Alpha Teknova guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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 Alpha Teknova. If investors know Alpha 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 Alpha Teknova listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.92) | Revenue Per Share 0.917 | Quarterly Revenue Growth (0.17) | Return On Assets (0.15) | Return On Equity (0.42) |
The market value of Alpha Teknova is measured differently than its book value, which is the value of Alpha that is recorded on the company's balance sheet. Investors also form their own opinion of Alpha Teknova's value that differs from its market value or its book value, called intrinsic value, which is Alpha Teknova'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 Alpha Teknova's market value can be influenced by many factors that don't directly affect Alpha Teknova'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 Alpha Teknova's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Teknova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Teknova'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.