Credo Investments vs Change In Cash Analysis

CRDO Stock

USD 80.02 4.42 5.85%

Credo Technology financial indicator trend analysis is way more than just evaluating Credo Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Credo Technology is a good investment. Please check the relationship between Credo Technology Investments and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credo Technology Group. 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.

Investments vs Change In Cash

Investments vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Credo Technology Investments account and Change In Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between Credo Technology's Investments and Change In Cash is 0.64. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Credo Technology Group, assuming nothing else is changed. The correlation between historical values of Credo Technology's Investments and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Credo Technology Group are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Investments i.e., Credo Technology's Investments and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.64

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Change In Cash

Most indicators from Credo Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Credo Technology 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 Credo Technology Group. 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.

At this time, Credo Technology's Tax Provision is very stable compared to the past year. As of the 18th of January 2025, Enterprise Value is likely to grow to about 1.5 B, while Selling General Administrative is likely to drop about 35.5 M.

	2022	2023	2024	2025 (projected)
Gross Profit	106.2M	119.4M	137.3M	82.3M
Total Revenue	184.2M	193.0M	221.9M	131.2M

Gross Profit Total Revenue

Credo Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		-0.78	0.96	0.97	0.92	-0.8	0.91	0.98	-0.56	-0.61	-0.92	0.9	0.18	0.98	0.9	0.93	0.91	0.99	0.36	-0.77	0.85	0.82	0.93	-0.7	0.92	0.86
Short Long Term Debt Total	-0.78		-0.84	-0.81	-0.87	1.0	-0.91	-0.82	0.59	0.79	0.72	-0.77	-0.28	-0.81	-0.76	-0.66	-0.79	-0.79	-0.11	1.0	-0.79	-0.5	-0.85	0.97	-0.87	-0.71
Other Current Liab	0.96	-0.84		1.0	0.89	-0.85	0.87	0.94	-0.43	-0.56	-0.81	0.85	0.03	0.94	0.85	0.81	0.86	0.98	0.45	-0.83	0.77	0.73	0.88	-0.79	0.89	0.84
Total Current Liabilities	0.97	-0.81	1.0		0.89	-0.82	0.85	0.93	-0.41	-0.52	-0.82	0.86	0.0	0.94	0.86	0.81	0.87	0.98	0.48	-0.8	0.75	0.76	0.88	-0.75	0.89	0.86
Total Stockholder Equity	0.92	-0.87	0.89	0.89		-0.88	0.98	0.92	-0.64	-0.64	-0.94	0.98	0.21	0.92	0.96	0.85	0.99	0.91	0.29	-0.86	0.84	0.86	1.0	-0.75	1.0	0.94
Other Liab	-0.8	1.0	-0.85	-0.82	-0.88		-0.92	-0.84	0.62	0.82	0.74	-0.78	-0.32	-0.83	-0.78	-0.7	-0.8	-0.8	-0.08	1.0	-0.82	-0.52	-0.86	0.97	-0.88	-0.71
Net Tangible Assets	0.91	-0.91	0.87	0.85	0.98	-0.92		0.94	-0.72	-0.77	-0.93	0.92	0.36	0.93	0.93	0.89	0.93	0.89	0.15	-0.9	0.92	0.76	0.97	-0.82	0.98	0.85
Property Plant And Equipment Net	0.98	-0.82	0.94	0.93	0.92	-0.84	0.94		-0.57	-0.66	-0.93	0.86	0.23	1.0	0.93	0.94	0.88	0.97	0.32	-0.81	0.94	0.78	0.93	-0.75	0.92	0.83
Current Deferred Revenue	-0.56	0.59	-0.43	-0.41	-0.64	0.62	-0.72	-0.57		0.87	0.65	-0.63	-0.86	-0.53	-0.49	-0.69	-0.63	-0.45	0.49	0.6	-0.62	-0.4	-0.65	0.57	-0.64	-0.43
Net Debt	-0.61	0.79	-0.56	-0.52	-0.64	0.82	-0.77	-0.66	0.87		0.6	-0.54	-0.79	-0.62	-0.49	-0.68	-0.56	-0.53	0.45	0.81	-0.74	-0.23	-0.63	0.84	-0.64	-0.36
Retained Earnings	-0.92	0.72	-0.81	-0.82	-0.94	0.74	-0.93	-0.93	0.65	0.6		-0.92	-0.29	-0.93	-0.95	-0.94	-0.93	-0.89	-0.24	0.7	-0.89	-0.9	-0.95	0.59	-0.94	-0.88
Accounts Payable	0.9	-0.77	0.85	0.86	0.98	-0.78	0.92	0.86	-0.63	-0.54	-0.92		0.17	0.86	0.93	0.81	1.0	0.88	0.33	-0.75	0.73	0.91	0.98	-0.63	0.98	0.97
Cash	0.18	-0.28	0.03	0.0	0.21	-0.32	0.36	0.23	-0.86	-0.79	-0.29	0.17		0.18	0.07	0.43	0.17	0.06	-0.83	-0.3	0.4	-0.05	0.22	-0.35	0.21	-0.07
Non Current Assets Total	0.98	-0.81	0.94	0.94	0.92	-0.83	0.93	1.0	-0.53	-0.62	-0.93	0.86	0.18		0.93	0.94	0.88	0.98	0.36	-0.79	0.93	0.79	0.92	-0.73	0.92	0.84
Non Currrent Assets Other	0.9	-0.76	0.85	0.86	0.96	-0.78	0.93	0.93	-0.49	-0.49	-0.95	0.93	0.07	0.93		0.85	0.95	0.91	0.45	-0.74	0.86	0.92	0.97	-0.62	0.96	0.95
Other Assets	0.93	-0.66	0.81	0.81	0.85	-0.7	0.89	0.94	-0.69	-0.68	-0.94	0.81	0.43	0.94	0.85		0.83	0.88	0.13	-0.65	0.92	0.77	0.86	-0.59	0.85	0.74
Cash And Short Term Investments	0.91	-0.79	0.86	0.87	0.99	-0.8	0.93	0.88	-0.63	-0.56	-0.93	1.0	0.17	0.88	0.95	0.83		0.89	0.33	-0.77	0.77	0.91	0.99	-0.65	0.99	0.97
Net Receivables	0.99	-0.79	0.98	0.98	0.91	-0.8	0.89	0.97	-0.45	-0.53	-0.89	0.88	0.06	0.98	0.91	0.88	0.89		0.47	-0.77	0.83	0.81	0.91	-0.7	0.91	0.87
Common Stock Shares Outstanding	0.36	-0.11	0.45	0.48	0.29	-0.08	0.15	0.32	0.49	0.45	-0.24	0.33	-0.83	0.36	0.45	0.13	0.33	0.47		-0.07	0.12	0.53	0.3	0.01	0.29	0.53
Non Current Liabilities Total	-0.77	1.0	-0.83	-0.8	-0.86	1.0	-0.9	-0.81	0.6	0.81	0.7	-0.75	-0.3	-0.79	-0.74	-0.65	-0.77	-0.77	-0.07		-0.78	-0.48	-0.83	0.98	-0.86	-0.69
Inventory	0.85	-0.79	0.77	0.75	0.84	-0.82	0.92	0.94	-0.62	-0.74	-0.89	0.73	0.4	0.93	0.86	0.92	0.77	0.83	0.12	-0.78		0.65	0.84	-0.74	0.84	0.68
Other Current Assets	0.82	-0.5	0.73	0.76	0.86	-0.52	0.76	0.78	-0.4	-0.23	-0.9	0.91	-0.05	0.79	0.92	0.77	0.91	0.81	0.53	-0.48	0.65		0.88	-0.32	0.86	0.95
Other Stockholder Equity	0.93	-0.85	0.88	0.88	1.0	-0.86	0.97	0.93	-0.65	-0.63	-0.95	0.98	0.22	0.92	0.97	0.86	0.99	0.91	0.3	-0.83	0.84	0.88		-0.73	1.0	0.95
Total Liab	-0.7	0.97	-0.79	-0.75	-0.75	0.97	-0.82	-0.75	0.57	0.84	0.59	-0.63	-0.35	-0.73	-0.62	-0.59	-0.65	-0.7	0.01	0.98	-0.74	-0.32	-0.73		-0.75	-0.55
Net Invested Capital	0.92	-0.87	0.89	0.89	1.0	-0.88	0.98	0.92	-0.64	-0.64	-0.94	0.98	0.21	0.92	0.96	0.85	0.99	0.91	0.29	-0.86	0.84	0.86	1.0	-0.75		0.94
Property Plant And Equipment Gross	0.86	-0.71	0.84	0.86	0.94	-0.71	0.85	0.83	-0.43	-0.36	-0.88	0.97	-0.07	0.84	0.95	0.74	0.97	0.87	0.53	-0.69	0.68	0.95	0.95	-0.55	0.94

Click cells to compare fundamentals

Credo Technology Account Relationship Matchups

Credo Technology fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	155.5M	375.7M	397.3M	601.9M	692.2M	360.5M
Short Long Term Debt Total	198.0M	17.2M	12.9M	11.1M	10.0M	9.5M
Other Current Liab	4.2M	14.4M	17.3M	24.6M	28.2M	15.3M
Total Current Liabilities	12.5M	26.5M	31.0M	44.6M	51.3M	29.3M
Total Stockholder Equity	(55.4M)	334.2M	347.6M	540.2M	621.2M	652.3M
Property Plant And Equipment Net	14.2M	38.8M	55.1M	56.7M	65.3M	38.6M
Current Deferred Revenue	4.1M	1.2M	4.0M	3.9M	3.5M	2.9M
Net Debt	94.2M	(242.1M)	(95.7M)	(53.1M)	(47.8M)	(50.1M)
Retained Earnings	(68.3M)	(90.4M)	(107.0M)	(135.3M)	(121.8M)	(127.9M)
Accounts Payable	3.6M	8.5M	6.1M	13.4M	15.4M	16.2M
Cash	103.8M	259.3M	108.6M	66.9M	60.2M	98.0M
Non Current Assets Total	17.7M	43.5M	69.1M	71.7M	82.4M	47.1M
Non Currrent Assets Other	3.4M	4.7M	14.0M	14.9M	17.2M	18.0M
Cash And Short Term Investments	103.8M	259.3M	217.8M	410.0M	471.5M	495.1M
Net Receivables	18.2M	39.6M	59.0M	81.2M	93.4M	47.5M
Liabilities And Stockholders Equity	155.5M	375.7M	397.3M	601.9M	692.2M	360.5M
Non Current Liabilities Total	198.4M	15.0M	18.6M	17.1M	15.4M	14.6M
Inventory	7.1M	27.3M	46.0M	25.9M	29.8M	23.9M
Other Current Assets	8.7M	1.3M	5.4M	13.1M	15.1M	15.9M
Other Stockholder Equity	12.6M	424.6M	454.8M	676.1M	777.5M	816.3M
Total Liab	210.9M	41.5M	49.7M	61.7M	55.6M	77.0M
Net Invested Capital	(55.4M)	334.2M	347.6M	540.2M	621.2M	652.3M
Property Plant And Equipment Gross	20.4M	21.8M	40.2M	85.5M	98.3M	103.2M
Total Current Assets	137.8M	332.2M	328.2M	530.3M	609.8M	313.3M
Accumulated Other Comprehensive Income	227K	23K	(191K)	(519K)	(467.1K)	(443.7K)
Non Current Liabilities Other	424K	14.8M	5.8M	903K	1.0M	986.5K
Net Working Capital	125.3M	305.7M	297.2M	485.6M	558.5M	284.0M

Pair Trading with Credo Technology

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

Moving together with Credo Stock

0.62

Nano Labs

Pair Corr

Moving against Credo Stock

0.88	PI	Impinj Inc	Pair Corr
0.82	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.68	WOLF	Wolfspeed Trending	Pair Corr
0.67	ON	ON Semiconductor	Pair Corr
0.54	STM	STMicroelectronics NV ADR Earnings Call This Week	Pair Corr

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

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

When determining whether Credo Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Credo Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Credo Technology Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Credo Technology Group Stock:

How To Invest In Credo

Details

Is Credo Stock a good investment?

Details

What is Credo Technology's Net Worth?

Details

Largest Semiconductors & Semiconductor Equipment Companies

View

Largest Information Technology Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credo Technology Group. 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.

You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Credo Technology. If investors know Credo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Credo Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.87)

Earnings Share

(0.14)

Revenue Per Share

1.368

Quarterly Revenue Growth

0.702

Return On Assets

(0.04)

The market value of Credo Technology is measured differently than its book value, which is the value of Credo that is recorded on the company's balance sheet. Investors also form their own opinion of Credo Technology's value that differs from its market value or its book value, called intrinsic value, which is Credo Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Credo Technology's market value can be influenced by many factors that don't directly affect Credo Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Credo Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credo Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credo Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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

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Credo Investments vs Change In Cash Analysis

Investments vs Change In Cash

Investments vs Change In Cash Correlation Analysis

Correlation Coefficient

Investments

Change In Cash

Credo Technology fundamental ratios Correlations

Credo Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Credo Technology fundamental ratios Accounts

Pair Trading with Credo Technology

Moving together with Credo Stock

Moving against Credo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Liab	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Current Liabilities	+ 1.0	Other Current Liab
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Liabilities Total	+ 1.0	Other Liab

Other Stockholder Equity	- 0.95	Retained Earnings
Non Currrent Assets Other	- 0.95	Retained Earnings
Net Invested Capital	- 0.94	Retained Earnings
Other Assets	- 0.94	Retained Earnings
Retained Earnings	- 0.94	Total Stockholder Equity
Cash And Short Term Investments	- 0.93	Retained Earnings