DocGo Cash vs Total Stockholder Equity Analysis

DCGO Stock

USD 4.25 0.13 3.16%

DocGo financial indicator trend analysis is much more than just examining DocGo Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DocGo Inc is a good investment. Please check the relationship between DocGo Cash and its Total Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DocGo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Cash vs Total Stockholder Equity

Cash vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DocGo Inc Cash account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.

The correlation between DocGo's Cash and Total Stockholder Equity is 0.74. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of DocGo Inc, assuming nothing else is changed. The correlation between historical values of DocGo's Cash and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of DocGo Inc are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Cash i.e., DocGo's Cash and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash

Cash refers to the most liquid asset of DocGo Inc, which is listed under current asset account on DocGo Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from DocGo customers. The amounts must be unrestricted with restricted cash listed in a different DocGo account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from DocGo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DocGo Inc 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DocGo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, DocGo's Tax Provision is very stable compared to the past year. As of the 24th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.37, while Selling General Administrative is likely to drop about 89.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	763.0K	762.7K	1.7T	1.8T
Depreciation And Amortization	7.5M	10.6M	16.4M	9.7M

Interest Expense Depreciation And Amortization

DocGo fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		0.85	0.83	0.9	0.99	0.98	0.97	-0.41	0.91	0.97	0.67	0.94	0.79	0.89	0.25	0.67	0.86	0.93	0.24	0.62	0.91	0.28	0.99	0.98	1.0	0.92
Short Long Term Debt Total	0.85		0.81	0.83	0.8	0.78	0.77	0.06	0.79	0.72	0.22	0.87	0.86	0.79	-0.01	0.22	0.85	0.85	0.28	0.38	0.92	0.05	0.77	0.91	0.82	0.92
Other Current Liab	0.83	0.81		0.97	0.8	0.72	0.87	0.07	0.94	0.77	0.34	0.89	0.96	0.98	-0.21	0.34	0.96	0.88	0.2	0.28	0.91	-0.16	0.78	0.86	0.81	0.92
Total Current Liabilities	0.9	0.83	0.97		0.88	0.82	0.9	-0.09	0.95	0.86	0.5	0.89	0.96	0.97	0.02	0.5	0.99	0.87	0.19	0.49	0.9	0.07	0.88	0.91	0.89	0.91
Total Stockholder Equity	0.99	0.8	0.8	0.88		0.99	0.96	-0.49	0.9	0.98	0.74	0.92	0.75	0.88	0.31	0.74	0.83	0.91	0.27	0.66	0.88	0.33	0.99	0.96	1.0	0.88
Net Tangible Assets	0.98	0.78	0.72	0.82	0.99		0.92	-0.55	0.84	0.97	0.76	0.88	0.69	0.81	0.41	0.76	0.77	0.86	0.26	0.72	0.84	0.43	0.99	0.94	0.99	0.84
Property Plant And Equipment Net	0.97	0.77	0.87	0.9	0.96	0.92		-0.36	0.94	0.96	0.63	0.97	0.78	0.94	0.06	0.63	0.84	0.97	0.23	0.45	0.92	0.09	0.94	0.95	0.96	0.94
Net Debt	-0.41	0.06	0.07	-0.09	-0.49	-0.55	-0.36		-0.19	-0.55	-0.89	-0.19	0.13	-0.12	-0.77	-0.89	0.0	-0.18	-0.08	-0.69	-0.07	-0.74	-0.52	-0.27	-0.45	-0.06
Retained Earnings	0.91	0.79	0.94	0.95	0.9	0.84	0.94	-0.19		0.86	0.55	0.93	0.9	0.99	-0.04	0.55	0.92	0.92	0.42	0.45	0.95	0.0	0.88	0.9	0.91	0.91
Accounts Payable	0.97	0.72	0.77	0.86	0.98	0.97	0.96	-0.55	0.86		0.78	0.89	0.7	0.85	0.34	0.78	0.8	0.88	0.12	0.66	0.81	0.36	0.99	0.93	0.98	0.85
Cash	0.67	0.22	0.34	0.5	0.74	0.76	0.63	-0.89	0.55	0.78		0.45	0.3	0.5	0.7	1.0	0.42	0.43	0.17	0.84	0.38	0.69	0.78	0.54	0.71	0.35
Non Current Assets Total	0.94	0.87	0.89	0.89	0.92	0.88	0.97	-0.19	0.93	0.89	0.45		0.81	0.92	-0.07	0.45	0.85	1.0	0.27	0.33	0.97	-0.04	0.89	0.96	0.93	0.99
Non Currrent Assets Other	0.79	0.86	0.96	0.96	0.75	0.69	0.78	0.13	0.9	0.7	0.3	0.81		0.92	-0.1	0.3	0.99	0.79	0.29	0.39	0.88	-0.04	0.75	0.83	0.77	0.86
Other Assets	0.89	0.79	0.98	0.97	0.88	0.81	0.94	-0.12	0.99	0.85	0.5	0.92	0.92		-0.09	0.5	0.94	0.92	0.32	0.4	0.93	-0.05	0.86	0.89	0.88	0.92
Long Term Debt	0.25	-0.01	-0.21	0.02	0.31	0.41	0.06	-0.77	-0.04	0.34	0.7	-0.07	-0.1	-0.09		0.7	0.01	-0.11	-0.07	0.86	-0.1	1.0	0.37	0.15	0.28	-0.12
Cash And Short Term Investments	0.67	0.22	0.34	0.5	0.74	0.76	0.63	-0.89	0.55	0.78	1.0	0.45	0.3	0.5	0.7		0.42	0.43	0.17	0.84	0.38	0.69	0.78	0.54	0.71	0.35
Net Receivables	0.86	0.85	0.96	0.99	0.83	0.77	0.84	0.0	0.92	0.8	0.42	0.85	0.99	0.94	0.01	0.42		0.82	0.2	0.48	0.88	0.07	0.83	0.88	0.84	0.89
Good Will	0.93	0.85	0.88	0.87	0.91	0.86	0.97	-0.18	0.92	0.88	0.43	1.0	0.79	0.92	-0.11	0.43	0.82		0.26	0.29	0.96	-0.08	0.87	0.95	0.92	0.98
Common Stock Shares Outstanding	0.24	0.28	0.2	0.19	0.27	0.26	0.23	-0.08	0.42	0.12	0.17	0.27	0.29	0.32	-0.07	0.17	0.2	0.26		0.19	0.44	-0.07	0.21	0.19	0.27	0.19
Non Current Liabilities Total	0.62	0.38	0.28	0.49	0.66	0.72	0.45	-0.69	0.45	0.66	0.84	0.33	0.39	0.4	0.86	0.84	0.48	0.29	0.19		0.35	0.88	0.72	0.53	0.65	0.3
Capital Lease Obligations	0.91	0.92	0.91	0.9	0.88	0.84	0.92	-0.07	0.95	0.81	0.38	0.97	0.88	0.93	-0.1	0.38	0.88	0.96	0.44	0.35		-0.07	0.84	0.94	0.9	0.97
Other Current Assets	0.28	0.05	-0.16	0.07	0.33	0.43	0.09	-0.74	0.0	0.36	0.69	-0.04	-0.04	-0.05	1.0	0.69	0.07	-0.08	-0.07	0.88	-0.07		0.4	0.19	0.31	-0.08
Other Stockholder Equity	0.99	0.77	0.78	0.88	0.99	0.99	0.94	-0.52	0.88	0.99	0.78	0.89	0.75	0.86	0.37	0.78	0.83	0.87	0.21	0.72	0.84	0.4		0.95	0.99	0.85
Total Liab	0.98	0.91	0.86	0.91	0.96	0.94	0.95	-0.27	0.9	0.93	0.54	0.96	0.83	0.89	0.15	0.54	0.88	0.95	0.19	0.53	0.94	0.19	0.95		0.97	0.96
Net Invested Capital	1.0	0.82	0.81	0.89	1.0	0.99	0.96	-0.45	0.91	0.98	0.71	0.93	0.77	0.88	0.28	0.71	0.84	0.92	0.27	0.65	0.9	0.31	0.99	0.97		0.9
Property Plant And Equipment Gross	0.92	0.92	0.92	0.91	0.88	0.84	0.94	-0.06	0.91	0.85	0.35	0.99	0.86	0.92	-0.12	0.35	0.89	0.98	0.19	0.3	0.97	-0.08	0.85	0.96	0.9

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DocGo Account Relationship Matchups

Pair Trading with DocGo

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

Moving together with DocGo Stock

0.8

ENOV

Enovis Corp

Pair Corr

Moving against DocGo Stock

0.8	FIGS	Figs Inc	Pair Corr
0.77	PHG	Koninklijke Philips	Pair Corr
0.64	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.64	EVH	Evolent Health	Pair Corr
0.52	AGL	agilon health	Pair Corr

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

The correlation of DocGo 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 DocGo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DocGo Inc 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 DocGo 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 DocGo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DocGo'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 Docgo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Docgo Inc Stock:

How To Invest In DocGo

Details

Is DocGo Stock a good investment?

Details

What is DocGo's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

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Largest Health Care Equipment & Services Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DocGo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Is Health Care Equipment & Supplies 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 DocGo. If investors know DocGo 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 DocGo 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

0.09

Earnings Share

0.29

Revenue Per Share

6.752

Quarterly Revenue Growth

(0.26)

Return On Assets

0.0658

The market value of DocGo Inc is measured differently than its book value, which is the value of DocGo that is recorded on the company's balance sheet. Investors also form their own opinion of DocGo's value that differs from its market value or its book value, called intrinsic value, which is DocGo'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 DocGo's market value can be influenced by many factors that don't directly affect DocGo'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 DocGo's value and its price as these two are different measures arrived at by different means. Investors typically determine if DocGo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DocGo'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.

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DocGo Cash vs Total Stockholder Equity Analysis

Cash vs Total Stockholder Equity

Cash vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Cash

Total Stockholder Equity

DocGo fundamental ratios Correlations

DocGo Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with DocGo

Moving together with DocGo Stock

Moving against DocGo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Other Current Assets	+ 1.0	Long Term Debt
Total Stockholder Equity	+ 0.99	Total Assets

Cash And Short Term Investments	- 0.89	Net Debt
Cash	- 0.89	Net Debt
Long Term Debt	- 0.77	Net Debt
Other Current Assets	- 0.74	Net Debt
Non Current Liabilities Total	- 0.69	Net Debt
Accounts Payable	- 0.55	Net Debt