Check Retained Earnings vs Cash And Short Term Investments Analysis
CHKP Stock | USD 181.99 5.16 2.92% |
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 Retained Earnings and its Cash And Short Term Investments 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.
Retained Earnings vs Cash And Short Term Investments
Retained Earnings vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Check Point Software Retained Earnings account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Check Point's Retained Earnings and Cash And Short Term Investments is 0.65. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Short Term Investments 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 Retained Earnings and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Check Point Software are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Retained Earnings i.e., Check Point's Retained Earnings and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Check Point Software balance sheet. This account contains Check Point investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Check Point Software fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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 11/22/2024, 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 Profit | 1.9B | 2.0B | 2.1B | 1.1B | Total Revenue | 2.2B | 2.3B | 2.4B | 1.2B |
Check Point fundamental ratios Correlations
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Check Point Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Check Point fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.8B | 5.8B | 5.9B | 5.7B | 5.7B | 3.6B | |
Other Current Liab | 368.9M | 405.8M | 416.8M | 411.9M | 1.9B | 2.0B | |
Total Current Liabilities | 1.4B | 1.5B | 1.7B | 1.8B | 1.9B | 2.0B | |
Total Stockholder Equity | 3.6B | 3.5B | 3.3B | 2.9B | 2.8B | 2.5B | |
Property Plant And Equipment Net | 87.7M | 88.1M | 83.4M | 82.8M | 80.4M | 45.5M | |
Net Debt | (279.2M) | (255.7M) | (271.9M) | (196M) | (511.6M) | (486.0M) | |
Retained Earnings | 9.9B | 10.7B | 11.5B | 12.3B | 13.2B | 13.8B | |
Accounts Payable | 15.9M | 17.5M | 9.8M | 29.6M | 48.3M | 50.7M | |
Cash | 279.2M | 255.7M | 271.9M | 196M | 537.7M | 345.5M | |
Non Current Assets Total | 3.6B | 3.6B | 3.6B | 3.4B | 3.5B | 2.1B | |
Non Currrent Assets Other | 94.2M | 85.5M | 80.3M | 71.5M | 97.4M | 151.4M | |
Cash And Short Term Investments | 1.6B | 1.7B | 1.7B | 1.6B | 1.5B | 1.2B | |
Net Receivables | 495.8M | 540.8M | 597.8M | 644.2M | 673.2M | 706.9M | |
Common Stock Shares Outstanding | 152.1M | 142M | 134.1M | 126.3M | 118.3M | 112.4M | |
Liabilities And Stockholders Equity | 5.8B | 5.8B | 5.9B | 5.7B | 5.7B | 3.6B | |
Non Current Liabilities Total | 799.4M | 829.2M | 931M | 956.3M | 987.2M | 1.0B | |
Other Current Assets | 58.5M | 50.1M | 46.4M | 50M | 54.5M | 55.3M | |
Other Stockholder Equity | (6.3B) | (7.3B) | (8.3B) | (9.3B) | (10.3B) | (9.8B) | |
Total Liab | 2.2B | 2.4B | 2.6B | 2.8B | 2.9B | 3.0B | |
Property Plant And Equipment Gross | 87.7M | 88.1M | 181.2M | 195.5M | 214M | 224.7M | |
Total Current Assets | 2.1B | 2.3B | 2.3B | 2.3B | 2.3B | 1.5B | |
Accumulated Other Comprehensive Income | 21.7M | 40.7M | (600K) | (97.9M) | (39.2M) | (37.2M) | |
Short Term Investments | 1.3B | 1.4B | 1.4B | 1.4B | 992.3M | 911.3M | |
Other Liab | 770.2M | 798.5M | 904.6M | 936M | 1.1B | 1.1B | |
Current Deferred Revenue | 1.0B | 1.1B | 1.3B | 1.4B | 1.4B | 1.5B | |
Other Assets | 149.5M | 119.9M | 132M | 149.1M | 171.5M | 180.0M | |
Property Plant Equipment | 87.7M | 88.1M | 83.4M | 82.8M | 95.2M | 50.6M | |
Good Will | 981.9M | 1.0B | 1.2B | 1.2B | 1.6B | 855.6M | |
Intangible Assets | 42.8M | 38.5M | 61M | 58.8M | 194.1M | 203.8M | |
Long Term Investments | 2.4B | 2.3B | 2.1B | 1.9B | 1.4B | 1.8B | |
Net Tangible Assets | 2.5B | 2.4B | 2.0B | 1.6B | 1.5B | 2.0B | |
Net Invested Capital | 3.6B | 3.5B | 3.3B | 2.9B | 2.8B | 2.7B | |
Net Working Capital | 737.5M | 734.8M | 625.8M | 492.6M | 341.6M | 534.8M |
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
Moving against Check Stock
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0.49 | FIVN | Five9 Inc | PairCorr |
0.39 | EVTC | Evertec | PairCorr |
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.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.