Edgio Free Cash Flow vs Change To Operating Activities Analysis

EGIO Stock

USD 0.02 0.00 0.00%

Edgio financial indicator trend analysis is much more than just examining Edgio Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Edgio Inc is a good investment. Please check the relationship between Edgio Free Cash Flow and its Change To Operating Activities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edgio 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 gross domestic product.

Free Cash Flow vs Change To Operating Activities

Free Cash Flow vs Change To Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Edgio Inc Free Cash Flow account and Change To Operating Activities. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Edgio's Free Cash Flow and Change To Operating Activities is -0.68. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Edgio Inc, assuming nothing else is changed. The correlation between historical values of Edgio's Free Cash Flow and Change To Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Edgio Inc are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Free Cash Flow i.e., Edgio's Free Cash Flow and Change To Operating Activities go up and down completely randomly.

Correlation Coefficient

-0.68

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Operating Activities

Most indicators from Edgio's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Edgio 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 Edgio 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 gross domestic product.

At this time, Edgio's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.26, while Tax Provision is likely to drop (916.6 K).

	2021	2022	2023	2024 (projected)
Gross Profit	60.0M	107.5M	117.6M	63.6M
Total Revenue	217.6M	338.6M	403.6M	423.8M

Gross Profit Total Revenue

Edgio fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Short Term Investments
Total Assets		0.57	0.6	0.42	0.53	0.41	0.96	0.94	0.91	0.74	0.82	0.92	0.91	0.94	-0.75	0.89	0.98	0.38	0.94	0.83	-0.83	0.89	-0.07	0.89	0.75	-0.41
Total Stockholder Equity	0.57		-0.22	0.86	0.25	0.77	0.43	0.49	0.22	0.86	0.09	0.3	0.28	0.49	-0.24	0.26	0.43	0.67	0.32	0.11	-0.34	0.68	-0.27	0.25	0.48	-0.63
Net Debt	0.6	-0.22		-0.38	0.62	-0.25	0.7	0.64	0.86	0.17	0.93	0.73	0.73	0.63	-0.77	0.73	0.7	-0.09	0.76	0.91	-0.55	0.36	0.11	0.72	0.28	0.11
Cash	0.42	0.86	-0.38		-0.03	0.89	0.19	0.22	0.07	0.75	-0.01	0.13	0.1	0.31	0.11	0.08	0.25	0.66	0.12	0.02	-0.22	0.56	-0.4	0.1	0.55	-0.36
Other Assets	0.53	0.25	0.62	-0.03		0.05	0.61	0.64	0.57	0.4	0.62	0.43	0.42	0.69	-0.73	0.44	0.56	0.57	0.52	0.62	-0.23	0.36	-0.05	0.4	0.04	-0.33
Cash And Short Term Investments	0.41	0.77	-0.25	0.89	0.05		0.21	0.27	0.11	0.8	0.08	0.08	0.04	0.26	-0.03	0.0	0.2	0.57	0.08	0.12	-0.1	0.48	-0.26	0.02	0.32	-0.11
Common Stock Shares Outstanding	0.96	0.43	0.7	0.19	0.61	0.21		0.99	0.93	0.6	0.85	0.94	0.93	0.92	-0.87	0.91	0.97	0.25	0.96	0.84	-0.77	0.83	0.04	0.89	0.6	-0.46
Other Stockholder Equity	0.94	0.49	0.64	0.22	0.64	0.27	0.99		0.88	0.64	0.79	0.88	0.88	0.89	-0.9	0.85	0.94	0.27	0.92	0.79	-0.71	0.8	0.07	0.83	0.52	-0.51
Total Liab	0.91	0.22	0.86	0.07	0.57	0.11	0.93	0.88		0.53	0.97	0.95	0.95	0.88	-0.82	0.94	0.96	0.14	0.97	0.96	-0.83	0.72	0.06	0.94	0.65	-0.18
Total Current Assets	0.74	0.86	0.17	0.75	0.4	0.8	0.6	0.64	0.53		0.47	0.5	0.48	0.62	-0.47	0.44	0.61	0.58	0.52	0.5	-0.49	0.73	-0.18	0.45	0.56	-0.34
Short Long Term Debt Total	0.82	0.09	0.93	-0.01	0.62	0.08	0.85	0.79	0.97	0.47		0.86	0.84	0.81	-0.79	0.84	0.87	0.14	0.88	1.0	-0.7	0.62	-0.01	0.84	0.53	-0.02
Other Current Liab	0.92	0.3	0.73	0.13	0.43	0.08	0.94	0.88	0.95	0.5	0.86		0.99	0.87	-0.75	0.99	0.97	0.08	0.99	0.85	-0.92	0.78	0.03	0.99	0.74	-0.32
Total Current Liabilities	0.91	0.28	0.73	0.1	0.42	0.04	0.93	0.88	0.95	0.48	0.84	0.99		0.87	-0.75	0.99	0.97	0.07	0.99	0.84	-0.92	0.76	0.11	0.99	0.74	-0.33
Property Plant And Equipment Net	0.94	0.49	0.63	0.31	0.69	0.26	0.92	0.89	0.88	0.62	0.81	0.87	0.87		-0.72	0.88	0.95	0.5	0.91	0.81	-0.77	0.84	-0.05	0.86	0.67	-0.42
Retained Earnings	-0.75	-0.24	-0.77	0.11	-0.73	-0.03	-0.87	-0.9	-0.82	-0.47	-0.79	-0.75	-0.75	-0.72		-0.73	-0.79	-0.1	-0.8	-0.78	0.55	-0.54	-0.21	-0.69	-0.26	0.39
Accounts Payable	0.89	0.26	0.73	0.08	0.44	0.0	0.91	0.85	0.94	0.44	0.84	0.99	0.99	0.88	-0.73		0.96	0.09	0.98	0.83	-0.93	0.75	0.02	0.99	0.75	-0.33
Non Current Assets Total	0.98	0.43	0.7	0.25	0.56	0.2	0.97	0.94	0.96	0.61	0.87	0.97	0.97	0.95	-0.79	0.96		0.28	0.99	0.87	-0.87	0.84	-0.02	0.95	0.74	-0.42
Non Currrent Assets Other	0.38	0.67	-0.09	0.66	0.57	0.57	0.25	0.27	0.14	0.58	0.14	0.08	0.07	0.5	-0.1	0.09	0.28		0.15	0.16	-0.05	0.45	-0.37	0.07	0.26	-0.41
Net Receivables	0.94	0.32	0.76	0.12	0.52	0.08	0.96	0.92	0.97	0.52	0.88	0.99	0.99	0.91	-0.8	0.98	0.99	0.15		0.87	-0.89	0.78	0.06	0.98	0.71	-0.36
Non Current Liabilities Total	0.83	0.11	0.91	0.02	0.62	0.12	0.84	0.79	0.96	0.5	1.0	0.85	0.84	0.81	-0.78	0.83	0.87	0.16	0.87		-0.7	0.61	0.01	0.83	0.54	-0.01
Inventory	-0.83	-0.34	-0.55	-0.22	-0.23	-0.1	-0.77	-0.71	-0.83	-0.49	-0.7	-0.92	-0.92	-0.77	0.55	-0.93	-0.87	-0.05	-0.89	-0.7		-0.7	0.01	-0.95	-0.86	0.26
Other Current Assets	0.89	0.68	0.36	0.56	0.36	0.48	0.83	0.8	0.72	0.73	0.62	0.78	0.76	0.84	-0.54	0.75	0.84	0.45	0.78	0.61	-0.7		-0.26	0.75	0.76	-0.46
Short Term Debt	-0.07	-0.27	0.11	-0.4	-0.05	-0.26	0.04	0.07	0.06	-0.18	-0.01	0.03	0.11	-0.05	-0.21	0.02	-0.02	-0.37	0.06	0.01	0.01	-0.26		0.04	-0.23	0.09
Common Stock	0.89	0.25	0.72	0.1	0.4	0.02	0.89	0.83	0.94	0.45	0.84	0.99	0.99	0.86	-0.69	0.99	0.95	0.07	0.98	0.83	-0.95	0.75	0.04		0.77	-0.27
Current Deferred Revenue	0.75	0.48	0.28	0.55	0.04	0.32	0.6	0.52	0.65	0.56	0.53	0.74	0.74	0.67	-0.26	0.75	0.74	0.26	0.71	0.54	-0.86	0.76	-0.23	0.77		-0.29
Short Term Investments	-0.41	-0.63	0.11	-0.36	-0.33	-0.11	-0.46	-0.51	-0.18	-0.34	-0.02	-0.32	-0.33	-0.42	0.39	-0.33	-0.42	-0.41	-0.36	-0.01	0.26	-0.46	0.09	-0.27	-0.29

Click cells to compare fundamentals

Edgio Account Relationship Matchups

Edgio fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	209.4M	314.2M	311.5M	542.4M	623.7M	654.9M
Total Stockholder Equity	166.5M	175.2M	139.3M	239.3M	275.2M	166.8M
Net Debt	(2.8M)	67.9M	91.3M	101.2M	116.4M	122.2M
Cash	18.3M	46.8M	41.9M	55.3M	63.6M	53.3M
Cash And Short Term Investments	18.3M	123.7M	79.3M	74.0M	85.1M	80.6M
Common Stock Shares Outstanding	115.9M	121.2M	127.8M	182.4M	209.7M	220.2M
Liabilities And Stockholders Equity	209.4M	314.2M	311.5M	542.4M	623.7M	654.9M
Other Stockholder Equity	530.3M	556.5M	576.8M	823.8M	947.4M	994.7M
Total Liab	42.8M	139.0M	172.2M	303.1M	348.5M	365.9M
Total Current Assets	62.8M	171.1M	134.6M	195.1M	224.4M	120.8M
Other Current Liab	11.3M	15.1M	22.2M	82.5M	94.9M	99.6M
Total Current Liabilities	28.6M	25.8M	39.6M	152.3M	175.1M	183.9M
Property Plant And Equipment Net	59.0M	56.6M	40.3M	78.8M	90.6M	95.1M
Retained Earnings	(354.7M)	(373.9M)	(429.3M)	(573.0M)	(515.7M)	(490.0M)
Accounts Payable	12.0M	4.6M	10.6M	52.8M	60.7M	63.7M
Non Current Assets Total	146.6M	143.1M	176.9M	347.3M	399.4M	419.3M
Non Currrent Assets Other	9.1M	7.2M	5.5M	5.3M	6.1M	4.5M
Net Receivables	34.6M	31.7M	42.3M	101.7M	117.0M	122.8M
Non Current Liabilities Total	14.2M	113.2M	132.6M	150.8M	173.4M	182.1M
Other Current Assets	6.9M	11.2M	9.1M	19.4M	22.3M	23.4M
Accumulated Other Comprehensive Income	(9.2M)	(7.5M)	(8.3M)	(11.7M)	(10.5M)	(10.0M)
Short Term Debt	4.1M	4.9M	(110K)	4.6M	5.2M	5.0M
Common Stock	118K	124K	134K	16.5M	19.0M	20.0M
Current Deferred Revenue	976K	933K	3.3M	9.3M	8.4M	8.8M
Short Term Investments	0.0	76.9M	37.4M	18.7M	16.9M	28.1M
Good Will	77.1M	77.8M	114.5M	169.2M	194.5M	204.3M
Net Invested Capital	166.5M	276.1M	263.4M	362.0M	416.2M	271.3M
Capital Stock	118K	124K	134K	16.5M	19.0M	20.0M
Non Current Liabilities Other	316K	479K	777K	1.7M	1.9M	2.0M
Net Working Capital	34.2M	145.3M	97.7M	42.9M	49.3M	83.2M

Pair Trading with Edgio

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

Moving against Edgio Stock

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0.71	JG	Aurora Mobile Trending	Pair Corr
0.64	DBX	Dropbox	Pair Corr
0.56	DTSS	Datasea	Pair Corr
0.54	S	SentinelOne	Pair Corr

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

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

How To Invest In Edgio

Details

Is Edgio Stock a good investment?

Details

What is Edgio's Net Worth?

Details

Largest Application Software Companies

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Largest Software - Infrastructure Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edgio 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 gross domestic product.

You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Is Application Software 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 Edgio. If investors know Edgio 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 Edgio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(26.00)

Revenue Per Share

72.469

Quarterly Revenue Growth

(0.12)

Return On Assets

(0.14)

Return On Equity

(0.63)

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

Free Cash Flow vs Change To Operating Activities

Free Cash Flow vs Change To Operating Activities Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change To Operating Activities

Edgio fundamental ratios Correlations

Edgio Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Edgio fundamental ratios Accounts

Pair Trading with Edgio

Moving against Edgio Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Other Stockholder Equity	+ 0.99	Common Stock Shares Outstanding
Total Current Liabilities	+ 0.99	Other Current Liab
Accounts Payable	+ 0.99	Other Current Liab
Net Receivables	+ 0.99	Other Current Liab
Common Stock	+ 0.99	Other Current Liab

Common Stock	- 0.95	Inventory
Inventory	- 0.93	Accounts Payable
Inventory	- 0.92	Total Current Liabilities
Inventory	- 0.92	Other Current Liab
Retained Earnings	- 0.9	Other Stockholder Equity
Inventory	- 0.89	Net Receivables