Coherent Income Quality vs Cash Per Share Analysis

COHR Stock

USD 105.72 2.34 2.26%

Coherent financial indicator trend analysis is way more than just evaluating Coherent prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coherent is a good investment. Please check the relationship between Coherent Income Quality and its Cash Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coherent. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Coherent Stock, please use our How to Invest in Coherent guide.

Income Quality vs Cash Per Share

Income Quality vs Cash Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Coherent Income Quality account and Cash Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Coherent's Income Quality and Cash Per Share is -0.03. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of Coherent, assuming nothing else is changed. The correlation between historical values of Coherent's Income Quality and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Coherent are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Income Quality i.e., Coherent's Income Quality and Cash Per Share go up and down completely randomly.

Correlation Coefficient

-0.03

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Cash Per Share

Most indicators from Coherent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coherent 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 Coherent. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Coherent Stock, please use our How to Invest in Coherent guide.At this time, Coherent's Selling General Administrative is relatively stable compared to the past year. As of 11/22/2024, Issuance Of Capital Stock is likely to grow to about 1.4 B, while Discontinued Operations is likely to drop (2.4 K).

	2020	2021	2022	2023 (projected)
Interest Expense	59.9M	121.3M	286.9M	288.5M
Depreciation And Amortization	270.1M	286.8M	681.7M	559.8M

Interest Expense Depreciation And Amortization

Coherent fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Liab	Total Stockholder Equity	Property Plant And Equipment Net	Cash And Short Term Investments	Other Current Assets	Other Stockholder Equity	Accounts Payable	Good Will	Common Stock Total Equity
Total Assets		0.99	0.94	0.89	0.69	0.57	0.99	0.82	0.96	0.96	0.99	0.99	1.0	0.96	0.9	0.51	0.96	-0.45	0.97	0.97	0.57	0.85	-0.69	0.95	0.98	0.54
Short Long Term Debt Total	0.99		0.93	0.92	0.71	0.53	0.98	0.78	0.96	0.93	0.99	0.99	0.99	0.94	0.87	0.52	0.95	-0.47	0.94	0.97	0.53	0.82	-0.71	0.93	0.97	0.52
Total Current Liabilities	0.94	0.93		0.72	0.49	0.78	0.88	0.8	0.96	0.95	0.91	0.97	0.94	0.87	0.98	0.75	0.8	-0.31	0.94	0.97	0.78	0.79	-0.49	0.99	0.86	0.57
Net Debt	0.89	0.92	0.72		0.77	0.15	0.94	0.72	0.8	0.77	0.93	0.85	0.9	0.88	0.61	0.17	0.96	-0.51	0.81	0.82	0.15	0.79	-0.77	0.75	0.95	0.43
Retained Earnings	0.69	0.71	0.49	0.77		0.14	0.74	0.24	0.63	0.58	0.73	0.67	0.69	0.68	0.46	0.15	0.8	-0.67	0.51	0.6	0.14	0.35	-1.0	0.44	0.76	0.21
Cash	0.57	0.53	0.78	0.15	0.14		0.43	0.41	0.69	0.67	0.5	0.63	0.56	0.46	0.87	0.92	0.32	-0.08	0.6	0.66	1.0	0.34	-0.14	0.71	0.4	0.38
Non Current Assets Total	0.99	0.98	0.88	0.94	0.74	0.43		0.82	0.92	0.92	0.99	0.97	0.98	0.97	0.81	0.39	0.99	-0.49	0.95	0.93	0.43	0.87	-0.74	0.9	1.0	0.51
Non Currrent Assets Other	0.82	0.78	0.8	0.72	0.24	0.41	0.82		0.73	0.81	0.79	0.79	0.8	0.86	0.72	0.36	0.77	-0.15	0.92	0.76	0.41	0.99	-0.24	0.88	0.8	0.47
Net Receivables	0.96	0.96	0.96	0.8	0.63	0.69	0.92	0.73		0.96	0.96	0.98	0.97	0.86	0.95	0.62	0.86	-0.4	0.93	1.0	0.69	0.74	-0.63	0.95	0.9	0.6
Common Stock Shares Outstanding	0.96	0.93	0.95	0.77	0.58	0.67	0.92	0.81	0.96		0.94	0.97	0.95	0.9	0.94	0.58	0.87	-0.38	0.96	0.96	0.67	0.82	-0.58	0.95	0.91	0.67
Non Current Liabilities Total	0.99	0.99	0.91	0.93	0.73	0.5	0.99	0.79	0.96	0.94		0.98	1.0	0.94	0.85	0.44	0.97	-0.48	0.94	0.96	0.5	0.83	-0.73	0.92	0.99	0.51
Inventory	0.99	0.99	0.97	0.85	0.67	0.63	0.97	0.79	0.98	0.97	0.98		0.99	0.93	0.93	0.58	0.92	-0.44	0.96	0.98	0.63	0.82	-0.67	0.96	0.95	0.58
Total Liab	1.0	0.99	0.94	0.9	0.69	0.56	0.98	0.8	0.97	0.95	1.0	0.99		0.94	0.89	0.5	0.95	-0.45	0.96	0.98	0.56	0.83	-0.69	0.94	0.98	0.53
Property Plant And Equipment Gross	0.96	0.94	0.87	0.88	0.68	0.46	0.97	0.86	0.86	0.9	0.94	0.93	0.94		0.81	0.43	0.97	-0.45	0.95	0.87	0.46	0.9	-0.68	0.89	0.97	0.45
Total Current Assets	0.9	0.87	0.98	0.61	0.46	0.87	0.81	0.72	0.95	0.94	0.85	0.93	0.89	0.81		0.8	0.73	-0.29	0.9	0.94	0.87	0.7	-0.46	0.95	0.79	0.56
Short Term Debt	0.51	0.52	0.75	0.17	0.15	0.92	0.39	0.36	0.62	0.58	0.44	0.58	0.5	0.43	0.8		0.29	-0.09	0.52	0.59	0.92	0.3	-0.15	0.66	0.36	0.31
Intangible Assets	0.96	0.95	0.8	0.96	0.8	0.32	0.99	0.77	0.86	0.87	0.97	0.92	0.95	0.97	0.73	0.29		-0.53	0.9	0.87	0.32	0.84	-0.8	0.82	0.99	0.44
Other Current Liab	-0.45	-0.47	-0.31	-0.51	-0.67	-0.08	-0.49	-0.15	-0.4	-0.38	-0.48	-0.44	-0.45	-0.45	-0.29	-0.09	-0.53		-0.33	-0.39	-0.08	-0.26	0.67	-0.28	-0.5	-0.08
Total Stockholder Equity	0.97	0.94	0.94	0.81	0.51	0.6	0.95	0.92	0.93	0.96	0.94	0.96	0.96	0.95	0.9	0.52	0.9	-0.33		0.94	0.6	0.93	-0.51	0.98	0.93	0.58
Property Plant And Equipment Net	0.97	0.97	0.97	0.82	0.6	0.66	0.93	0.76	1.0	0.96	0.96	0.98	0.98	0.87	0.94	0.59	0.87	-0.39	0.94		0.66	0.77	-0.6	0.96	0.91	0.61
Cash And Short Term Investments	0.57	0.53	0.78	0.15	0.14	1.0	0.43	0.41	0.69	0.67	0.5	0.63	0.56	0.46	0.87	0.92	0.32	-0.08	0.6	0.66		0.34	-0.14	0.71	0.4	0.38
Other Current Assets	0.85	0.82	0.79	0.79	0.35	0.34	0.87	0.99	0.74	0.82	0.83	0.82	0.83	0.9	0.7	0.3	0.84	-0.26	0.93	0.77	0.34		-0.35	0.87	0.86	0.49
Other Stockholder Equity	-0.69	-0.71	-0.49	-0.77	-1.0	-0.14	-0.74	-0.24	-0.63	-0.58	-0.73	-0.67	-0.69	-0.68	-0.46	-0.15	-0.8	0.67	-0.51	-0.6	-0.14	-0.35		-0.44	-0.76	-0.21
Accounts Payable	0.95	0.93	0.99	0.75	0.44	0.71	0.9	0.88	0.95	0.95	0.92	0.96	0.94	0.89	0.95	0.66	0.82	-0.28	0.98	0.96	0.71	0.87	-0.44		0.88	0.58
Good Will	0.98	0.97	0.86	0.95	0.76	0.4	1.0	0.8	0.9	0.91	0.99	0.95	0.98	0.97	0.79	0.36	0.99	-0.5	0.93	0.91	0.4	0.86	-0.76	0.88		0.48
Common Stock Total Equity	0.54	0.52	0.57	0.43	0.21	0.38	0.51	0.47	0.6	0.67	0.51	0.58	0.53	0.45	0.56	0.31	0.44	-0.08	0.58	0.61	0.38	0.49	-0.21	0.58	0.48

Click cells to compare fundamentals

Coherent Account Relationship Matchups

Coherent fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	5.2B	6.5B	7.8B	13.7B	14.5B
Short Long Term Debt Total	467.0M	2.4B	1.5B	2.4B	4.5B	4.3B
Total Current Liabilities	270.6M	672.9M	729.6M	1.3B	1.1B	1.3B
Net Debt	262.1M	1.9B	(65.9M)	(144.2M)	3.7B	3.4B
Retained Earnings	943.6M	876.6M	1.1B	1.3B	944.4B	664.9M
Cash	204.9M	493.0M	1.6B	2.6B	833.3M	926.0M
Non Current Assets Total	1.1B	3.4B	3.5B	3.5B	10.5B	10.8B
Non Currrent Assets Other	14.2M	136.9M	193.7M	223.6M	312.0M	1.0B
Net Receivables	598.1M	659.0M	719.9M	901.5M	848.5M	929.8M
Common Stock Shares Outstanding	65.8M	84.8M	115.0M	116.5M	137.6M	151.6M
Liabilities And Stockholders Equity	2.0B	5.2B	6.5B	7.8B	13.7B	14.5B
Non Current Liabilities Total	550.0M	2.5B	2.4B	2.2B	5.4B	5.2B
Inventory	296.3M	619.8M	695.8M	902.6M	1.3B	1.3B
Total Liab	820.6M	3.2B	3.1B	3.5B	6.5B	6.5B
Total Current Assets	812.9M	1.8B	3.0B	4.3B	3.3B	3.7B
Accumulated Other Comprehensive Income	(24.2M)	(87.4M)	14.3M	(2.2M)	109.7B	2.6M
Short Term Debt	23.8M	93.9M	87.4M	430.8M	113.1M	114.4M
Intangible Assets	139.3M	758.4M	718.5M	635.4M	3.8B	3.5B
Other Current Liab	292.9M	313.5M	349.0M	(27.8B)	445.0M	455.9M
Total Stockholder Equity	1.1B	2.1B	3.4B	3.6B	5.0B	7.6B
Property Plant And Equipment Net	582.8M	1.2B	1.2B	1.4B	1.8B	1.8B
Cash And Short Term Investments	204.9M	493.0M	1.6B	2.6B	833.3M	926.0M
Other Current Assets	65.7M	80.7M	100.3M	256.8M	599.1M	216.5M
Other Stockholder Equity	(199.3M)	(944.6M)	(1.0B)	(7.1T)	(630.2M)	(7.1T)
Accounts Payable	104.5M	268.8M	294.5M	434.9M	405.3M	631.5M
Good Will	319.8M	1.2B	1.3B	1.3B	4.5B	4.5B
Common Stock	382.4M	1.5B	2.0B	2.1B	3.8T	4.9B
Other Liab	145.6M	147.3M	168.7M	1.0B	1.2B	1.2B
Other Assets	247.1M	407.0M	255.3M	349.7M	402.2M	422.3M
Property Plant Equipment	245.7M	302.6M	1.4B	1.8B	2.0B	2.2B
Current Deferred Revenue	10.4M	17.3M	13.9M	23.0M	104.5M	62.1M
Net Tangible Assets	804.1M	868.2M	1.2B	(3.8B)	(3.4B)	(3.2B)

Pair Trading with Coherent

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

Moving together with Coherent Stock

0.75

DYSL

Dynasil Of

Pair Corr

Moving against Coherent Stock

0.83	WATT	Energous	Pair Corr
0.74	KNW	Know Labs Fiscal Year End 17th of December 2024	Pair Corr
0.62	VPG	Vishay Precision	Pair Corr
0.53	SVREW	SaverOne 2014	Pair Corr
0.51	ST	Sensata Technologies	Pair Corr

The ability to find closely correlated positions to Coherent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coherent 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 Coherent - 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 Coherent to buy it.

The correlation of Coherent 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 Coherent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coherent 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 Coherent 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 Correlation Correlation Matching

Additional Tools for Coherent Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC