Compugen Interest Coverage from 2010 to 2024
| CGEN Stock | USD 1.61 0.09 5.92% |
Interest Coverage | First Reported 2010-12-31 | Previous Quarter (419.10) | Current Value (440.05) | Quarterly Volatility 487.40107584 |
Check Compugen financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Compugen's main balance sheet or income statement drivers, such as Depreciation And Amortization of 452.2 K, Interest Expense of 29.4 K or Selling General Administrative of 6.6 M, as well as many indicators such as Price To Sales Ratio of 4.98, Dividend Yield of 0.0 or PTB Ratio of 3.68. Compugen financial statements analysis is a perfect complement when working with Compugen Valuation or Volatility modules.
Compugen | Interest Coverage |
Latest Compugen's Interest Coverage Growth Pattern
Below is the plot of the Interest Coverage of Compugen over the last few years. It is Compugen's Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Compugen's overall financial position and show how it may be relating to other accounts over time.
| Interest Coverage | 10 Years Trend |
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Interest Coverage |
| Timeline |
Compugen Interest Coverage Regression Statistics
| Arithmetic Mean | (377.94) | |
| Geometric Mean | 154.44 | |
| Coefficient Of Variation | (128.96) | |
| Mean Deviation | 394.27 | |
| Median | (83.84) | |
| Standard Deviation | 487.40 | |
| Sample Variance | 237,560 | |
| Range | 1.4K | |
| R-Value | (0.67) | |
| Mean Square Error | 140,175 | |
| R-Squared | 0.45 | |
| Significance | 0.01 | |
| Slope | (73.28) | |
| Total Sum of Squares | 3.3M |
Compugen Interest Coverage History
About Compugen Financial Statements
Compugen investors utilize fundamental indicators, such as Interest Coverage, to predict how Compugen Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Interest Coverage | (419.10) | (440.05) |
Pair Trading with Compugen
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 Compugen 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 Compugen will appreciate offsetting losses from the drop in the long position's value.Moving together with Compugen Stock
Moving against Compugen Stock
| 0.84 | BMY | Bristol Myers Squibb Aggressive Push | PairCorr |
| 0.77 | ESPR | Esperion Therapeutics | PairCorr |
| 0.69 | GILD | Gilead Sciences | PairCorr |
| 0.66 | DRUG | Bright Minds Biosciences | PairCorr |
| 0.62 | NBY | NovaBay Pharmaceuticals | PairCorr |
The ability to find closely correlated positions to Compugen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compugen 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 Compugen - 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 Compugen to buy it.
The correlation of Compugen 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 Compugen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compugen 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 Compugen 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 Compugen Correlation against competitors. To learn how to invest in Compugen Stock, please use our How to Invest in Compugen guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Life Sciences Tools & Services 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 Compugen. If investors know Compugen 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 Compugen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.03 | Revenue Per Share 0.48 | Quarterly Revenue Growth 3.461 | Return On Assets (0.03) | Return On Equity (0.16) |
The market value of Compugen is measured differently than its book value, which is the value of Compugen that is recorded on the company's balance sheet. Investors also form their own opinion of Compugen's value that differs from its market value or its book value, called intrinsic value, which is Compugen'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 Compugen's market value can be influenced by many factors that don't directly affect Compugen'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 Compugen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Compugen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compugen'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.