Eyenovia Common Stock vs Total Current Assets Analysis

EYEN Stock  USD 0.11  0.02  19.05%   
Eyenovia financial indicator trend analysis is much more than just examining Eyenovia latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eyenovia is a good investment. Please check the relationship between Eyenovia Common Stock and its Total Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eyenovia. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Eyenovia Stock, please use our How to Invest in Eyenovia guide.

Common Stock vs Total Current Assets

Common Stock vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eyenovia Common Stock account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Eyenovia's Common Stock and Total Current Assets is 0.79. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Eyenovia, assuming nothing else is changed. The correlation between historical values of Eyenovia's Common Stock and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Eyenovia are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Common Stock i.e., Eyenovia's Common Stock and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Eyenovia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eyenovia 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 Eyenovia. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Eyenovia Stock, please use our How to Invest in Eyenovia guide.As of the 22nd of November 2024, Sales General And Administrative To Revenue is likely to grow to 2,828, while Selling General Administrative is likely to drop about 7.3 M.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization221.6K307.4K783.2K822.4K
Interest Income2.5K83.3K547.6K574.9K

Eyenovia fundamental ratios Correlations

0.630.870.910.910.6-0.58-0.860.930.960.670.960.930.820.930.640.930.870.550.980.850.780.68-0.97-0.930.94
0.630.860.480.390.11-0.71-0.370.470.710.090.710.530.30.520.30.410.610.10.720.380.220.05-0.57-0.50.34
0.870.860.70.70.4-0.6-0.670.740.830.540.830.80.650.790.510.730.820.390.860.680.580.44-0.81-0.740.69
0.910.480.70.850.41-0.69-0.70.90.940.570.940.820.590.830.40.780.660.360.910.70.640.55-0.92-0.920.9
0.910.390.70.850.81-0.32-0.950.920.850.810.850.960.820.970.790.920.890.780.870.950.890.83-0.95-0.940.95
0.60.110.40.410.810.24-0.920.580.450.820.450.790.820.790.970.760.840.990.520.920.920.92-0.66-0.620.72
-0.58-0.71-0.6-0.69-0.320.240.13-0.55-0.750.14-0.75-0.34-0.09-0.370.13-0.33-0.230.29-0.69-0.130.030.170.540.55-0.36
-0.86-0.37-0.67-0.7-0.95-0.920.13-0.83-0.75-0.84-0.75-0.97-0.91-0.96-0.91-0.94-0.94-0.89-0.8-1.0-0.96-0.90.890.86-0.9
0.930.470.740.90.920.58-0.55-0.830.90.630.90.910.750.920.580.90.770.550.90.820.720.62-0.96-0.990.9
0.960.710.830.940.850.45-0.75-0.750.90.471.00.860.650.870.520.820.780.40.990.750.620.49-0.95-0.930.85
0.670.090.540.570.810.820.14-0.840.630.470.470.790.780.780.730.750.760.820.520.840.930.94-0.7-0.640.81
0.960.710.830.940.850.45-0.75-0.750.91.00.470.860.650.870.520.820.780.40.990.750.620.49-0.95-0.930.85
0.930.530.80.820.960.79-0.34-0.970.910.860.790.860.861.00.810.940.950.770.890.970.90.81-0.97-0.930.92
0.820.30.650.590.820.82-0.09-0.910.750.650.780.650.860.840.820.960.850.780.730.890.90.86-0.79-0.720.86
0.930.520.790.830.970.79-0.37-0.960.920.870.780.871.00.840.80.930.940.760.90.960.890.8-0.97-0.950.92
0.640.30.510.40.790.970.13-0.910.580.520.730.520.810.820.80.760.90.960.60.920.870.85-0.68-0.630.68
0.930.410.730.780.920.76-0.33-0.940.90.820.750.820.940.960.930.760.870.720.870.920.880.81-0.92-0.880.94
0.870.610.820.660.890.84-0.23-0.940.770.780.760.780.950.850.940.90.870.820.840.950.880.79-0.87-0.810.82
0.550.10.390.360.780.990.29-0.890.550.40.820.40.770.780.760.960.720.820.470.90.890.9-0.62-0.590.67
0.980.720.860.910.870.52-0.69-0.80.90.990.520.990.890.730.90.60.870.840.470.790.680.55-0.96-0.920.87
0.850.380.680.70.950.92-0.13-1.00.820.750.840.750.970.890.960.920.920.950.90.790.960.9-0.9-0.860.89
0.780.220.580.640.890.920.03-0.960.720.620.930.620.90.90.890.870.880.880.890.680.960.98-0.81-0.740.89
0.680.050.440.550.830.920.17-0.90.620.490.940.490.810.860.80.850.810.790.90.550.90.98-0.71-0.640.84
-0.97-0.57-0.81-0.92-0.95-0.660.540.89-0.96-0.95-0.7-0.95-0.97-0.79-0.97-0.68-0.92-0.87-0.62-0.96-0.9-0.81-0.710.98-0.94
-0.93-0.5-0.74-0.92-0.94-0.620.550.86-0.99-0.93-0.64-0.93-0.93-0.72-0.95-0.63-0.88-0.81-0.59-0.92-0.86-0.74-0.640.98-0.9
0.940.340.690.90.950.72-0.36-0.90.90.850.810.850.920.860.920.680.940.820.670.870.890.890.84-0.94-0.9
Click cells to compare fundamentals

Eyenovia Account Relationship Matchups

Eyenovia fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.7M33.9M31.7M31.0M28.8M21.0M
Other Current Liab1.3M16.6M2.4M2.3M1.9M3.3M
Total Current Liabilities2.9M18.2M11.2M4.5M9.5M6.2M
Total Stockholder Equity11.7M15.3M20.5M17.2M9.0M12.4M
Net Tangible Assets16.9M11.7M15.3M20.5M23.5M24.7M
Property Plant And Equipment Net230.5K396.4K1.3M3.3M5.0M5.3M
Net Debt(14.1M)(27.9M)(12.3M)(12.7M)1.2M1.3M
Retained Earnings(57.7M)(77.4M)(90.2M)(118.2M)(145.5M)(138.2M)
Accounts Payable1.5M1.5M1.6M1.4M1.8M1.2M
Cash14.2M28.4M19.5M22.9M14.8M16.0M
Non Current Assets Total348.3K515.4K9.7M3.4M8.1M8.5M
Cash And Short Term Investments14.2M28.4M19.5M22.9M14.8M16.0M
Common Stock Total Equity257.01.1K1.7K2.5K2.9K3.0K
Common Stock Shares Outstanding14.3M21.1M26.3M33.6M41.0M21.5M
Liabilities And Stockholders Equity14.7M33.9M31.7M31.0M28.8M21.0M
Capital Surpluse24.4M53.4M69.4M92.7M106.7M112.0M
Other Current Assets196.7K2.1M734.9K3.6M5.1M5.4M
Other Stockholder Equity69.4M92.7M110.7M135.5M154.5M82.0M
Total Liab3.0M18.6M11.2M13.8M19.8M20.8M
Property Plant And Equipment Gross230.5K396.4K1.6M3.3M7.2M7.5M
Total Current Assets14.3M33.4M22.0M27.6M20.7M18.3M
Common Stock1.7K2.5K2.8K3.7K4.6K4.8K
Property Plant Equipment36.7K230.5K396.4K1.3M1.5M1.5M
Non Current Liabilities Total45.4K404.5K19.9K9.3M10.2M10.8M
Net Invested Capital11.7M15.8M27.6M26.0M23.3M19.9M
Net Working Capital11.4M15.2M10.8M23.1M11.2M14.7M
Capital Stock1.7K2.5K2.8K3.7K4.6K3.0K

Pair Trading with Eyenovia

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

Moving together with Eyenovia Stock

  0.64VALN Valneva SE ADR Downward RallyPairCorr

Moving against Eyenovia Stock

  0.58BMY Bristol Myers SquibbPairCorr
  0.37FBRX Forte Biosciences TrendingPairCorr
  0.31GILD Gilead SciencesPairCorr
The ability to find closely correlated positions to Eyenovia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eyenovia 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 Eyenovia - 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 Eyenovia to buy it.
The correlation of Eyenovia 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 Eyenovia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eyenovia 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 Eyenovia 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 CorrelationCorrelation Matching
When determining whether Eyenovia offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eyenovia'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 Eyenovia Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eyenovia Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eyenovia. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Eyenovia Stock, please use our How to Invest in Eyenovia guide.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Pharmaceuticals 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 Eyenovia. If investors know Eyenovia 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 Eyenovia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.69)
Revenue Per Share
0.001
Quarterly Revenue Growth
4
Return On Assets
(0.93)
Return On Equity
(9.15)
The market value of Eyenovia is measured differently than its book value, which is the value of Eyenovia that is recorded on the company's balance sheet. Investors also form their own opinion of Eyenovia's value that differs from its market value or its book value, called intrinsic value, which is Eyenovia'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 Eyenovia's market value can be influenced by many factors that don't directly affect Eyenovia'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 Eyenovia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eyenovia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eyenovia'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.