CLDX Stock | | | USD 26.76 1.38 4.90% |
Celldex Therapeutics financial indicator trend analysis is way more than just evaluating Celldex Therapeutics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Celldex Therapeutics is a good investment. Please check the relationship between Celldex Therapeutics Total Assets and its Long Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Celldex Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Celldex Stock please use our
How to Invest in Celldex Therapeutics guide.
Total Assets vs Long Term Investments
Total Assets vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Celldex Therapeutics Total Assets account and
Long Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Celldex Therapeutics' Total Assets and Long Term Investments is -0.53. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Celldex Therapeutics, assuming nothing else is changed. The correlation between historical values of Celldex Therapeutics' Total Assets and Long 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 Total Assets of Celldex Therapeutics are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Total Assets i.e., Celldex Therapeutics' Total Assets and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Celldex Therapeutics assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Celldex Therapeutics books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Long Term Investments
Long Term Investments is an item on the asset side of Celldex Therapeutics balance sheet that represents investments Celldex Therapeutics intends to hold for over a year. Celldex Therapeutics long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Celldex Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Celldex Therapeutics 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 Celldex Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Celldex Stock please use our
How to Invest in Celldex Therapeutics guide.At this time, Celldex Therapeutics'
Tax Provision is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 1.8
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 29.4
M in 2024.
Celldex Therapeutics fundamental ratios Correlations
Click cells to compare fundamentals
Celldex Therapeutics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Celldex Therapeutics fundamental ratios Accounts
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Additional Tools for Celldex Stock Analysis
When running Celldex Therapeutics' price analysis, check to
measure Celldex Therapeutics' 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 Celldex Therapeutics is operating at the current time. Most of Celldex Therapeutics' value examination focuses on studying past and present price action to
predict the probability of Celldex Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celldex Therapeutics' price. Additionally, you may evaluate how the addition of Celldex Therapeutics to your portfolios can decrease your overall portfolio volatility.