EMCORE Cash from 2010 to 2024
| EMKR Stock | USD 2.73 0.20 6.83% |
Cash | First Reported 1996-09-30 | Previous Quarter 26.2 M | Current Value 20.7 M | Quarterly Volatility 33.4 M |
Check EMCORE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EMCORE main balance sheet or income statement drivers, such as Depreciation And Amortization of 40.6 M, Total Revenue of 135.5 M or Gross Profit of 31.1 M, as well as many exotic indicators such as Price To Sales Ratio of 0.27, Dividend Yield of 0.025 or PTB Ratio of 0.34. EMCORE financial statements analysis is a perfect complement when working with EMCORE Valuation or Volatility modules.
EMCORE | Cash |
Latest EMCORE's Cash Growth Pattern
Below is the plot of the Cash of EMCORE over the last few years. Cash refers to the most liquid asset of EMCORE, which is listed under current asset account on EMCORE balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from EMCORE customers. The amounts must be unrestricted with restricted cash listed in a different EMCORE account. It is the total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts. EMCORE's Cash historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EMCORE's overall financial position and show how it may be relating to other accounts over time.
| Cash | 10 Years Trend |
|
Cash |
| Timeline |
EMCORE Cash Regression Statistics
| Arithmetic Mean | 39,671,318 | |
| Geometric Mean | 27,698,293 | |
| Coefficient Of Variation | 75.07 | |
| Mean Deviation | 24,067,254 | |
| Median | 30,142,650 | |
| Standard Deviation | 29,781,246 | |
| Sample Variance | 886.9T | |
| Range | 110.5M | |
| R-Value | 0.11 | |
| Mean Square Error | 944.4T | |
| R-Squared | 0.01 | |
| Significance | 0.71 | |
| Slope | 705,988 | |
| Total Sum of Squares | 12416.9T |
EMCORE Cash History
Other Fundumenentals of EMCORE
EMCORE Cash component correlations
Click cells to compare fundamentals
About EMCORE Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include EMCORE income statement, its balance sheet, and the statement of cash flows. EMCORE investors use historical funamental indicators, such as EMCORE's Cash, to determine how well the company is positioned to perform in the future. Although EMCORE investors may use each financial statement separately, they are all related. The changes in EMCORE's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on EMCORE's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on EMCORE Financial Statements. Understanding these patterns can help to make the right decision on long term investment in EMCORE. Please read more on our technical analysis and fundamental analysis pages.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards EMCORE in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, EMCORE's short interest history, or implied volatility extrapolated from EMCORE options trading.
Pair Trading with EMCORE
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 EMCORE 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 EMCORE will appreciate offsetting losses from the drop in the long position's value.Moving together with EMCORE Stock
| 0.74 | LPL | LG Display Financial Report 20th of May 2024 | PairCorr |
Moving against EMCORE Stock
| 0.75 | DGII | Digi International Earnings Call This Week | PairCorr |
| 0.65 | WDC | Western Digital Report 13th of May 2024 | PairCorr |
| 0.65 | CLRO | ClearOne | PairCorr |
| 0.61 | CDW | CDW Corp Financial Report 1st of May 2024 | PairCorr |
| 0.6 | KULR | KULR Technology Group Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to EMCORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCORE 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 EMCORE - 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 EMCORE to buy it.
The correlation of EMCORE 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 EMCORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCORE 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 EMCORE 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 the analysis of EMCORE Correlation against competitors. To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for EMCORE Stock analysis
When running EMCORE's price analysis, check to measure EMCORE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.
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Is EMCORE's industry 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 EMCORE. If investors know EMCORE 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 EMCORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.25) | Earnings Share (7.90) | Revenue Per Share 15.825 | Quarterly Revenue Growth 0.207 | Return On Assets (0.07) |
The market value of EMCORE is measured differently than its book value, which is the value of EMCORE that is recorded on the company's balance sheet. Investors also form their own opinion of EMCORE's value that differs from its market value or its book value, called intrinsic value, which is EMCORE'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 EMCORE's market value can be influenced by many factors that don't directly affect EMCORE'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 EMCORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCORE'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.