Aldeyra Short Term Debt vs Net Working Capital Analysis

ALDX Stock

USD 3.93 0.01 0.25%

Aldeyra financial indicator trend analysis is way more than just evaluating Aldeyra prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aldeyra is a good investment. Please check the relationship between Aldeyra Short Term Debt and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aldeyra. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Aldeyra Stock please use our How to Invest in Aldeyra guide.

Short Term Debt vs Net Working Capital

Short Term Debt vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aldeyra Short Term Debt account and Net Working Capital. At this time, the significance of the direction appears to have weak relationship.

The correlation between Aldeyra's Short Term Debt and Net Working Capital is 0.31. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Aldeyra, assuming nothing else is changed. The correlation between historical values of Aldeyra's Short Term Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Aldeyra are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Short Term Debt i.e., Aldeyra's Short Term Debt and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Short Term Debt

Net Working Capital

Most indicators from Aldeyra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aldeyra 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aldeyra. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Aldeyra Stock please use our How to Invest in Aldeyra guide.Enterprise Value is likely to rise to about 81.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 12.7 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	1.7M	1.7M	2.1M	2.2M
Depreciation And Amortization	185.4K	2.3M	262.8K	249.6K

Interest Expense Depreciation And Amortization

Aldeyra fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Current Deferred Revenue	Long Term Debt	Net Receivables	Non Current Liabilities Total	Non Currrent Assets Other
Total Assets		0.85	0.68	0.71	0.99	0.75	-0.95	-0.84	0.36	0.93	0.29	1.0	0.85	0.87	0.73	0.71	0.75	1.0	0.25	0.89	-0.48	0.58	0.8	0.61	-0.04	0.19
Short Long Term Debt Total	0.85		0.73	0.78	0.82	0.81	-0.75	-0.8	0.46	0.76	0.28	0.85	0.78	0.79	0.59	0.75	0.81	0.85	0.29	0.81	-0.43	0.54	0.91	0.42	0.0	0.18
Other Current Liab	0.68	0.73		0.33	0.65	0.36	-0.49	-0.45	0.11	0.49	-0.31	0.67	0.41	0.46	0.81	0.6	0.36	0.68	-0.31	0.49	-0.36	0.38	0.52	0.47	0.1	-0.41
Total Current Liabilities	0.71	0.78	0.33		0.67	0.97	-0.76	-0.96	0.3	0.8	0.78	0.7	0.95	0.94	0.39	0.67	0.97	0.7	0.79	0.93	-0.42	0.61	0.92	0.08	-0.03	0.71
Total Stockholder Equity	0.99	0.82	0.65	0.67		0.72	-0.94	-0.8	0.4	0.92	0.26	0.99	0.82	0.84	0.72	0.61	0.72	0.99	0.22	0.86	-0.51	0.59	0.77	0.64	-0.1	0.17
Property Plant And Equipment Net	0.75	0.81	0.36	0.97	0.72		-0.81	-0.94	0.4	0.84	0.74	0.75	0.94	0.92	0.33	0.69	1.0	0.75	0.72	0.93	-0.48	0.65	0.94	0.27	-0.09	0.65
Net Debt	-0.95	-0.75	-0.49	-0.76	-0.94	-0.81		0.87	-0.27	-1.0	-0.47	-0.95	-0.91	-0.92	-0.59	-0.67	-0.81	-0.94	-0.44	-0.92	0.42	-0.54	-0.8	-0.58	0.0	-0.39
Retained Earnings	-0.84	-0.8	-0.45	-0.96	-0.8	-0.94	0.87		-0.26	-0.9	-0.69	-0.83	-0.99	-0.99	-0.55	-0.76	-0.94	-0.83	-0.67	-0.99	0.5	-0.65	-0.9	-0.2	0.07	-0.6
Accounts Payable	0.36	0.46	0.11	0.3	0.4	0.4	-0.27	-0.26		0.24	0.22	0.37	0.3	0.25	0.03	0.04	0.4	0.36	0.13	0.3	-0.44	0.48	0.46	0.37	-0.5	0.14
Cash	0.93	0.76	0.49	0.8	0.92	0.84	-1.0	-0.9	0.24		0.51	0.93	0.93	0.94	0.58	0.69	0.84	0.93	0.48	0.94	-0.42	0.55	0.83	0.54	0.01	0.43
Non Current Assets Total	0.29	0.28	-0.31	0.78	0.26	0.74	-0.47	-0.69	0.22	0.51		0.28	0.7	0.66	-0.11	0.33	0.74	0.28	0.97	0.63	-0.22	0.36	0.59	-0.2	-0.12	0.99
Cash And Short Term Investments	1.0	0.85	0.67	0.7	0.99	0.75	-0.95	-0.83	0.37	0.93	0.28		0.84	0.86	0.72	0.71	0.75	1.0	0.24	0.88	-0.48	0.57	0.8	0.62	-0.04	0.18
Common Stock Total Equity	0.85	0.78	0.41	0.95	0.82	0.94	-0.91	-0.99	0.3	0.93	0.7	0.84		1.0	0.52	0.7	0.94	0.85	0.68	1.0	-0.49	0.65	0.9	0.27	-0.08	0.62
Common Stock Shares Outstanding	0.87	0.79	0.46	0.94	0.84	0.92	-0.92	-0.99	0.25	0.94	0.66	0.86	1.0		0.58	0.72	0.92	0.86	0.64	1.0	-0.46	0.62	0.89	0.27	-0.03	0.58
Other Current Assets	0.73	0.59	0.81	0.39	0.72	0.33	-0.59	-0.55	0.03	0.58	-0.11	0.72	0.52	0.58		0.54	0.33	0.73	-0.14	0.58	-0.31	0.35	0.48	0.25	0.07	-0.15
Total Liab	0.71	0.75	0.6	0.67	0.61	0.69	-0.67	-0.76	0.04	0.69	0.33	0.71	0.7	0.72	0.54		0.69	0.71	0.3	0.72	-0.14	0.31	0.72	0.23	0.32	0.24
Property Plant And Equipment Gross	0.75	0.81	0.36	0.97	0.72	1.0	-0.81	-0.94	0.4	0.84	0.74	0.75	0.94	0.92	0.33	0.69		0.75	0.72	0.93	-0.48	0.65	0.94	0.27	-0.09	0.65
Total Current Assets	1.0	0.85	0.68	0.7	0.99	0.75	-0.94	-0.83	0.36	0.93	0.28	1.0	0.85	0.86	0.73	0.71	0.75		0.24	0.88	-0.48	0.57	0.8	0.61	-0.04	0.18
Short Term Debt	0.25	0.29	-0.31	0.79	0.22	0.72	-0.44	-0.67	0.13	0.48	0.97	0.24	0.68	0.64	-0.14	0.3	0.72	0.24		0.61	-0.13	0.31	0.56	-0.27	-0.02	0.97
Common Stock	0.89	0.81	0.49	0.93	0.86	0.93	-0.92	-0.99	0.3	0.94	0.63	0.88	1.0	1.0	0.58	0.72	0.93	0.88	0.61		-0.5	0.66	0.9	0.32	-0.07	0.54
Other Liab	-0.48	-0.43	-0.36	-0.42	-0.51	-0.48	0.42	0.5	-0.44	-0.42	-0.22	-0.48	-0.49	-0.46	-0.31	-0.14	-0.48	-0.48	-0.13	-0.5		-0.82	-0.43	-0.35	0.84	-0.1
Current Deferred Revenue	0.58	0.54	0.38	0.61	0.59	0.65	-0.54	-0.65	0.48	0.55	0.36	0.57	0.65	0.62	0.35	0.31	0.65	0.57	0.31	0.66	-0.82		0.52	0.29	-0.61	0.24
Long Term Debt	0.8	0.91	0.52	0.92	0.77	0.94	-0.8	-0.9	0.46	0.83	0.59	0.8	0.9	0.89	0.48	0.72	0.94	0.8	0.56	0.9	-0.43	0.52		0.32	-0.01	0.5
Net Receivables	0.61	0.42	0.47	0.08	0.64	0.27	-0.58	-0.2	0.37	0.54	-0.2	0.62	0.27	0.27	0.25	0.23	0.27	0.61	-0.27	0.32	-0.35	0.29	0.32		-0.11	-0.31
Non Current Liabilities Total	-0.04	0.0	0.1	-0.03	-0.1	-0.09	0.0	0.07	-0.5	0.01	-0.12	-0.04	-0.08	-0.03	0.07	0.32	-0.09	-0.04	-0.02	-0.07	0.84	-0.61	-0.01	-0.11		-0.05
Non Currrent Assets Other	0.19	0.18	-0.41	0.71	0.17	0.65	-0.39	-0.6	0.14	0.43	0.99	0.18	0.62	0.58	-0.15	0.24	0.65	0.18	0.97	0.54	-0.1	0.24	0.5	-0.31	-0.05

Click cells to compare fundamentals

Aldeyra Account Relationship Matchups

Aldeyra fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	75.5M	83.4M	233.1M	181.3M	148.3M	78.6M
Other Current Liab	11.9M	8.1M	10.5M	14.1M	(463.5K)	(440.4K)
Total Current Liabilities	12.9M	12.4M	11.8M	15.4M	22.3M	23.4M
Total Stockholder Equity	48.1M	59.5M	205.7M	151.0M	119.8M	62.4M
Property Plant And Equipment Net	349.5K	293.2K	384.4K	268.5K	516.6K	542.4K
Net Debt	(29.7M)	(62.5M)	(213.9M)	(128.3M)	(127.2M)	(120.8M)
Retained Earnings	(199.4M)	(236.9M)	(294.7M)	(356.7M)	(394.3M)	(374.5M)
Accounts Payable	808.3K	381.6K	1.0M	133.6K	1.3M	815.8K
Cash	44.4M	77.9M	229.8M	144.4M	142.8M	150.0M
Non Current Assets Total	349.5K	293.2K	384.4K	268.5K	5.0M	5.2M
Cash And Short Term Investments	73.4M	77.9M	229.8M	174.3M	142.8M	76.2M
Common Stock Total Equity	28.7K	38.7K	58.1K	58.6K	67.3K	70.7K
Common Stock Shares Outstanding	27.1M	34.0M	54.0M	58.4M	58.9M	61.9M
Liabilities And Stockholders Equity	75.5M	83.4M	233.1M	181.3M	148.3M	78.6M
Other Current Assets	1.8M	407.2K	3.0M	6.7M	523.5K	497.4K
Total Liab	27.4M	23.8M	27.4M	30.3M	28.5M	16.2M
Property Plant And Equipment Gross	349.5K	293.2K	384.4K	268.5K	516.6K	542.4K
Total Current Assets	75.2M	83.1M	232.8M	181.0M	143.3M	78.0M
Common Stock	28.7K	38.7K	58.1K	58.6K	59.2K	62.2K
Net Receivables	28M	25M	125M	3.2M	3.7M	3.5M
Non Current Liabilities Total	14.5M	11.4M	15.6M	14.9M	6.3M	8.8M
Non Currrent Assets Other	(54.9K)	(63.7K)	(96.1K)	249.3K	4.5M	4.7M
Other Stockholder Equity	247.4M	296.4M	500.4M	507.8M	514.0M	270.8M
Net Tangible Assets	48.1M	59.5M	205.7M	151.0M	173.7M	182.3M
Retained Earnings Total Equity	(199.4M)	(236.9M)	(294.7M)	(356.7M)	(321.0M)	(305.0M)
Property Plant Equipment	148.4K	59.9K	32.5K	19.3K	17.4K	16.5K
Capital Surpluse	247.4M	296.4M	500.4M	507.8M	583.9M	613.1M
Net Invested Capital	62.6M	74.6M	221.2M	166.8M	134.9M	123.8M
Net Working Capital	62.3M	70.6M	221.0M	165.7M	125.6M	121.3M

Pair Trading with Aldeyra

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

Moving against Aldeyra Stock

0.73	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.44	IPSC	Century Therapeutics Financial Report 9th of May 2024	Pair Corr

The ability to find closely correlated positions to Aldeyra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aldeyra 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 Aldeyra - 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 Aldeyra to buy it.

The correlation of Aldeyra 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 Aldeyra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aldeyra 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 Aldeyra 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 Correlation Correlation Matching

When determining whether Aldeyra offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aldeyra's 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 Aldeyra Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aldeyra Stock:

How To Invest In Aldeyra

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Is Aldeyra Stock a good investment?

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What is Aldeyra's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aldeyra. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Aldeyra Stock please use our How to Invest in Aldeyra guide.

Note that the Aldeyra information on this page should be used as a complementary analysis to other Aldeyra's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Aldeyra Stock analysis

When running Aldeyra's price analysis, check to measure Aldeyra'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 Aldeyra is operating at the current time. Most of Aldeyra's value examination focuses on studying past and present price action to predict the probability of Aldeyra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aldeyra's price. Additionally, you may evaluate how the addition of Aldeyra to your portfolios can decrease your overall portfolio volatility.

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Is Aldeyra'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 Aldeyra. If investors know Aldeyra 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 Aldeyra listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.64)

Return On Assets

(0.16)

Return On Equity

(0.28)

The market value of Aldeyra is measured differently than its book value, which is the value of Aldeyra that is recorded on the company's balance sheet. Investors also form their own opinion of Aldeyra's value that differs from its market value or its book value, called intrinsic value, which is Aldeyra'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 Aldeyra's market value can be influenced by many factors that don't directly affect Aldeyra'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 Aldeyra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aldeyra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aldeyra'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.

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Aldeyra Short Term Debt vs Net Working Capital Analysis

Short Term Debt vs Net Working Capital

Short Term Debt vs Net Working Capital Correlation Analysis

Correlation Coefficient

Short Term Debt

Net Working Capital

Aldeyra fundamental ratios Correlations

Aldeyra Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aldeyra fundamental ratios Accounts

Pair Trading with Aldeyra

Moving against Aldeyra Stock

Complementary Tools for Aldeyra Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock Shares Outstanding	+ 1.0	Common Stock Total Equity
Common Stock	+ 1.0	Common Stock Total Equity

Cash	- 1.0	Net Debt
Common Stock	- 0.99	Retained Earnings
Common Stock Shares Outstanding	- 0.99	Retained Earnings
Common Stock Total Equity	- 0.99	Retained Earnings
Retained Earnings	- 0.96	Total Current Liabilities
Cash And Short Term Investments	- 0.95	Net Debt