Check Depreciation And Amortization vs Total Operating Expenses Analysis

CHKP Stock  USD 181.75  0.24  0.13%   
Check Point financial indicator trend analysis is way more than just evaluating Check Point Software prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Check Point Software is a good investment. Please check the relationship between Check Point Depreciation And Amortization and its Total Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Check Point Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Depreciation And Amortization vs Total Operating Expenses

Depreciation And Amortization vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Check Point Software Depreciation And Amortization account and Total Operating Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Check Point's Depreciation And Amortization and Total Operating Expenses is 0.58. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Check Point Software, assuming nothing else is changed. The correlation between historical values of Check Point's Depreciation And Amortization and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Check Point Software are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Depreciation And Amortization i.e., Check Point's Depreciation And Amortization and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.58
Relationship DirectionPositive 
Relationship StrengthWeak

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Check Point's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Check Point Software 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 Check Point Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
At this time, Check Point's Selling General Administrative is relatively stable compared to the past year. As of 11/25/2024, Tax Provision is likely to grow to about 117.8 M, while Enterprise Value Multiple is likely to drop 17.42.
 2021 2022 2023 2024 (projected)
Gross Profit1.9B2.0B2.1B1.1B
Total Revenue2.2B2.3B2.4B1.2B

Check Point fundamental ratios Correlations

0.110.680.90.86-0.260.640.270.330.990.380.950.73-0.390.640.31-0.510.670.370.970.820.880.920.880.590.61
0.110.69-0.080.21-0.50.70.920.370.060.790.130.67-0.710.65-0.04-0.720.680.790.170.460.430.040.440.730.71
0.680.690.420.77-0.330.990.790.250.630.880.70.99-0.890.970.04-0.951.00.910.740.750.770.70.770.980.99
0.9-0.080.420.59-0.340.350.050.390.910.160.850.5-0.030.330.45-0.150.390.040.820.820.830.780.830.290.3
0.860.210.770.59-0.020.790.360.070.820.560.830.77-0.680.830.18-0.740.80.560.870.590.670.90.670.780.77
-0.26-0.5-0.33-0.34-0.02-0.24-0.35-0.97-0.2-0.29-0.39-0.40.02-0.190.060.15-0.28-0.27-0.35-0.63-0.6-0.06-0.6-0.24-0.24
0.640.70.990.350.79-0.240.790.170.590.90.650.97-0.930.990.05-0.971.00.910.70.680.70.690.710.991.0
0.270.920.790.050.36-0.350.790.240.230.810.270.77-0.790.750.03-0.80.780.820.320.530.510.240.520.810.8
0.330.370.250.390.07-0.970.170.240.280.150.440.330.070.12-0.06-0.080.210.180.410.590.60.090.60.160.16
0.990.060.630.910.82-0.20.590.230.280.330.90.67-0.340.580.36-0.450.610.30.920.80.860.880.850.530.55
0.380.790.880.160.56-0.290.90.810.150.330.430.83-0.880.890.0-0.890.890.840.450.560.540.460.540.910.89
0.950.130.70.850.83-0.390.650.270.440.90.430.75-0.390.660.22-0.520.690.410.990.840.880.930.880.610.62
0.730.670.990.50.77-0.40.970.770.330.670.830.75-0.820.950.07-0.90.980.870.790.830.840.730.840.950.96
-0.39-0.71-0.89-0.03-0.680.02-0.93-0.790.07-0.34-0.88-0.39-0.82-0.940.060.98-0.91-0.92-0.45-0.38-0.41-0.5-0.41-0.95-0.94
0.640.650.970.330.83-0.190.990.750.120.580.890.660.95-0.940.05-0.980.990.90.70.640.660.720.670.990.99
0.31-0.040.040.450.180.060.050.03-0.060.360.00.220.070.060.050.050.04-0.130.220.280.260.260.260.050.02
-0.51-0.72-0.95-0.15-0.740.15-0.97-0.8-0.08-0.45-0.89-0.52-0.90.98-0.980.05-0.96-0.95-0.58-0.52-0.55-0.58-0.55-0.98-0.98
0.670.681.00.390.8-0.281.00.780.210.610.890.690.98-0.910.990.04-0.960.910.730.710.730.710.740.990.99
0.370.790.910.040.56-0.270.910.820.180.30.840.410.87-0.920.9-0.13-0.950.910.470.50.510.420.520.920.94
0.970.170.740.820.87-0.350.70.320.410.920.450.990.79-0.450.70.22-0.580.730.470.820.890.930.880.660.67
0.820.460.750.820.59-0.630.680.530.590.80.560.840.83-0.380.640.28-0.520.710.50.820.980.710.980.640.66
0.880.430.770.830.67-0.60.70.510.60.860.540.880.84-0.410.660.26-0.550.730.510.890.980.751.00.660.67
0.920.040.70.780.9-0.060.690.240.090.880.460.930.73-0.50.720.26-0.580.710.420.930.710.750.740.650.66
0.880.440.770.830.67-0.60.710.520.60.850.540.880.84-0.410.670.26-0.550.740.520.880.981.00.740.660.68
0.590.730.980.290.78-0.240.990.810.160.530.910.610.95-0.950.990.05-0.980.990.920.660.640.660.650.660.99
0.610.710.990.30.77-0.241.00.80.160.550.890.620.96-0.940.990.02-0.980.990.940.670.660.670.660.680.99
Click cells to compare fundamentals

Check Point Account Relationship Matchups

Check Point fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.8B5.8B5.9B5.7B5.7B3.6B
Other Current Liab368.9M405.8M416.8M411.9M1.9B2.0B
Total Current Liabilities1.4B1.5B1.7B1.8B1.9B2.0B
Total Stockholder Equity3.6B3.5B3.3B2.9B2.8B2.5B
Property Plant And Equipment Net87.7M88.1M83.4M82.8M80.4M45.5M
Net Debt(279.2M)(255.7M)(271.9M)(196M)(511.6M)(486.0M)
Retained Earnings9.9B10.7B11.5B12.3B13.2B13.8B
Accounts Payable15.9M17.5M9.8M29.6M48.3M50.7M
Cash279.2M255.7M271.9M196M537.7M345.5M
Non Current Assets Total3.6B3.6B3.6B3.4B3.5B2.1B
Non Currrent Assets Other94.2M85.5M80.3M71.5M97.4M151.4M
Cash And Short Term Investments1.6B1.7B1.7B1.6B1.5B1.2B
Net Receivables495.8M540.8M597.8M644.2M673.2M706.9M
Common Stock Shares Outstanding152.1M142M134.1M126.3M118.3M112.4M
Liabilities And Stockholders Equity5.8B5.8B5.9B5.7B5.7B3.6B
Non Current Liabilities Total799.4M829.2M931M956.3M987.2M1.0B
Other Current Assets58.5M50.1M46.4M50M54.5M55.3M
Other Stockholder Equity(6.3B)(7.3B)(8.3B)(9.3B)(10.3B)(9.8B)
Total Liab2.2B2.4B2.6B2.8B2.9B3.0B
Property Plant And Equipment Gross87.7M88.1M181.2M195.5M214M224.7M
Total Current Assets2.1B2.3B2.3B2.3B2.3B1.5B
Accumulated Other Comprehensive Income21.7M40.7M(600K)(97.9M)(39.2M)(37.2M)
Short Term Investments1.3B1.4B1.4B1.4B992.3M911.3M
Other Liab770.2M798.5M904.6M936M1.1B1.1B
Current Deferred Revenue1.0B1.1B1.3B1.4B1.4B1.5B
Other Assets149.5M119.9M132M149.1M171.5M180.0M
Property Plant Equipment87.7M88.1M83.4M82.8M95.2M50.6M
Good Will981.9M1.0B1.2B1.2B1.6B855.6M
Intangible Assets42.8M38.5M61M58.8M194.1M203.8M
Long Term Investments2.4B2.3B2.1B1.9B1.4B1.8B
Net Tangible Assets2.5B2.4B2.0B1.6B1.5B2.0B
Net Invested Capital3.6B3.5B3.3B2.9B2.8B2.7B
Net Working Capital737.5M734.8M625.8M492.6M341.6M534.8M

Pair Trading with Check Point

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

Moving together with Check Stock

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Moving against Check Stock

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The ability to find closely correlated positions to Check Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Check Point 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 Check Point - 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 Check Point Software to buy it.
The correlation of Check Point 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 Check Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Check Point Software 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 Check Point 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 CorrelationCorrelation Matching

Additional Tools for Check Stock Analysis

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