Illumina Investments vs Net Borrowings Analysis
ILMN Stock | USD 136.99 5.31 4.03% |
Illumina financial indicator trend analysis is infinitely more than just investigating Illumina recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Illumina is a good investment. Please check the relationship between Illumina Investments and its Net Borrowings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illumina. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Illumina Stock, please use our How to Invest in Illumina guide.
Investments vs Net Borrowings
Investments vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Illumina Investments account and Net Borrowings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Illumina's Investments and Net Borrowings is -0.6. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Illumina, assuming nothing else is changed. The correlation between historical values of Illumina's Investments and Net Borrowings 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 Illumina are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Investments i.e., Illumina's Investments and Net Borrowings go up and down completely randomly.
Correlation Coefficient | -0.6 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Most indicators from Illumina's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Illumina 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illumina. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Illumina Stock, please use our How to Invest in Illumina guide.At this time, Illumina's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value is likely to grow to about 1.6 B, while Tax Provision is likely to drop about 41.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.2B | 3.0B | 2.7B | 2.9B | Total Revenue | 4.5B | 4.6B | 4.5B | 4.7B |
Illumina fundamental ratios Correlations
Click cells to compare fundamentals
Illumina Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Illumina fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.3B | 7.6B | 15.2B | 12.3B | 10.1B | 10.6B | |
Short Long Term Debt Total | 1.8B | 1.9B | 2.5B | 3.5B | 2.3B | 2.4B | |
Other Current Liab | 304M | 236M | 358M | 814M | 908M | 953.4M | |
Total Current Liabilities | 665M | 1.2B | 1.1B | 2.8B | 1.6B | 1.6B | |
Total Stockholder Equity | 4.6B | 4.7B | 10.7B | 6.6B | 5.7B | 6.0B | |
Property Plant And Equipment Net | 1.4B | 1.5B | 1.7B | 1.7B | 1.6B | 1.6B | |
Net Debt | (206M) | 45M | 1.2B | 1.5B | 1.2B | 1.3B | |
Retained Earnings | 4.1B | 4.7B | 5.5B | 1.1B | (19M) | (18.1M) | |
Accounts Payable | 149M | 192M | 332M | 293M | 245M | 257.3M | |
Cash | 2.0B | 1.8B | 1.2B | 2.0B | 1.0B | 673.0M | |
Non Current Assets Total | 2.9B | 3.1B | 12.5B | 8.7B | 7.5B | 7.9B | |
Non Currrent Assets Other | 105M | 171M | 445M | 423M | 217M | 123.4M | |
Cash And Short Term Investments | 3.4B | 3.5B | 1.3B | 2.0B | 1.1B | 1.2B | |
Net Receivables | 573M | 487M | 648M | 688M | 752M | 789.6M | |
Short Term Investments | 1.4B | 1.7B | 107M | 26M | 6M | 5.7M | |
Liabilities And Stockholders Equity | 7.3B | 7.6B | 15.2B | 12.3B | 10.1B | 10.6B | |
Non Current Liabilities Total | 2.0B | 1.6B | 3.4B | 2.9B | 2.8B | 2.9B | |
Other Current Assets | 105M | 290M | 295M | 536M | 432M | 453.6M | |
Other Stockholder Equity | 539M | (33M) | 5.2B | 5.5B | 5.8B | 6.1B | |
Total Liab | 2.7B | 2.9B | 4.5B | 5.7B | 4.4B | 4.6B | |
Total Current Assets | 4.5B | 4.5B | 2.7B | 3.6B | 2.6B | 1.8B | |
Short Term Debt | 45M | 562M | 71M | 1.3B | 86M | 81.7M | |
Intangible Assets | 145M | 142M | 3.3B | 3.3B | 3.0B | 3.1B | |
Other Liab | 202M | 303M | 915M | 649M | 746.4M | 783.7M | |
Current Deferred Revenue | 167M | 186M | 234M | 245M | 252M | 264.6M | |
Other Assets | 179M | 609M | 445M | 212M | 243.8M | 133.6M | |
Long Term Debt | 1.1B | 673M | 1.7B | 1.5B | 1.5B | 769.5M | |
Inventory | 359M | 372M | 431M | 568M | 587M | 616.4M | |
Property Plant And Equipment Gross | 1.4B | 1.5B | 1.7B | 1.7B | 2.7B | 2.8B | |
Property Plant Equipment | 889M | 922M | 1.7B | 1.1B | 1.3B | 1.3B | |
Good Will | 824M | 897M | 7.1B | 3.2B | 2.5B | 2.7B | |
Treasury Stock | (2.6B) | (3.0B) | (3.8B) | (3.7B) | (3.3B) | (3.2B) | |
Net Tangible Assets | 4.3B | 4.3B | 377M | 4.1B | 4.7B | 4.9B | |
Retained Earnings Total Equity | 4.1B | 4.7B | 5.5B | 1.1B | 1.3B | 2.0B |
Pair Trading with Illumina
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 Illumina 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 Illumina will appreciate offsetting losses from the drop in the long position's value.Moving against Illumina Stock
0.69 | VCNX | Vaccinex | PairCorr |
0.58 | DTIL | Precision BioSciences | PairCorr |
0.53 | VALN | Valneva SE ADR Downward Rally | PairCorr |
0.52 | ME | 23Andme Holding | PairCorr |
0.51 | DRMA | Dermata Therapeutics | PairCorr |
The ability to find closely correlated positions to Illumina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Illumina 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 Illumina - 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 Illumina to buy it.
The correlation of Illumina 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 Illumina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Illumina 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 Illumina 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illumina. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Illumina Stock, please use our How to Invest in Illumina guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Life Sciences Tools & Services 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 Illumina. If investors know Illumina 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 Illumina 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 (0.96) | Earnings Share (9.98) | Revenue Per Share 27.654 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0262 |
The market value of Illumina is measured differently than its book value, which is the value of Illumina that is recorded on the company's balance sheet. Investors also form their own opinion of Illumina's value that differs from its market value or its book value, called intrinsic value, which is Illumina'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 Illumina's market value can be influenced by many factors that don't directly affect Illumina'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 Illumina's value and its price as these two are different measures arrived at by different means. Investors typically determine if Illumina is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Illumina'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.