Profound Current Deferred Revenue from 2010 to 2026
| PRN Stock | CAD 10.62 0.41 4.02% |
Current Deferred Revenue | First Reported 2015-03-31 | Previous Quarter 694 K | Current Value 434 K | Quarterly Volatility 6.1 M |
Check Profound Medical financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Profound Medical's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.3 M, Interest Expense of 718 K or Selling General Administrative of 27.9 M, as well as many indicators such as Price To Sales Ratio of 29.06, Dividend Yield of 0.0 or PTB Ratio of 3.89. Profound financial statements analysis is a perfect complement when working with Profound Medical Valuation or Volatility modules.
Profound | Current Deferred Revenue |
Evaluating Profound Medical's Current Deferred Revenue across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Profound Medical Corp's fundamental strength.
Latest Profound Medical's Current Deferred Revenue Growth Pattern
Below is the plot of the Current Deferred Revenue of Profound Medical Corp over the last few years. It is revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends. Profound Medical's Current Deferred Revenue historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Profound Medical's overall financial position and show how it may be relating to other accounts over time.
| Current Deferred Revenue | 10 Years Trend |
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Current Deferred Revenue |
| Timeline |
Profound Current Deferred Revenue Regression Statistics
| Arithmetic Mean | 272,239 | |
| Geometric Mean | 0.00 | |
| Coefficient Of Variation | 82.84 | |
| Mean Deviation | 193,288 | |
| Median | 229,480 | |
| Standard Deviation | 225,530 | |
| Sample Variance | 50.9B | |
| Range | 721K | |
| R-Value | 0.88 | |
| Mean Square Error | 12.4B | |
| R-Squared | 0.77 | |
| Slope | 39,220 | |
| Total Sum of Squares | 813.8B |
Profound Current Deferred Revenue History
About Profound Medical Financial Statements
Profound Medical investors utilize fundamental indicators, such as Current Deferred Revenue, to predict how Profound 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 | ||
| Current Deferred Revenue | 481.9 K | 391.8 K |
Pair Trading with Profound Medical
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 Profound Medical 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 Profound Medical will appreciate offsetting losses from the drop in the long position's value.Moving together with Profound Stock
Moving against Profound Stock
The ability to find closely correlated positions to Profound Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Profound Medical 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 Profound Medical - 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 Profound Medical Corp to buy it.
The correlation of Profound Medical 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 Profound Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Profound Medical Corp 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 Profound Medical 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 Profound Medical Correlation against competitors. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.