Imunon Non Current Liabilities Total vs Gross Profit Margin Analysis
IMNN Stock | USD 0.84 0.02 2.33% |
Imunon financial indicator trend analysis is infinitely more than just investigating Imunon Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Imunon Inc is a good investment. Please check the relationship between Imunon Non Current Liabilities Total and its Gross Profit Margin accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imunon 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 board of governors.
Non Current Liabilities Total vs Gross Profit Margin
Non Current Liabilities Total vs Gross Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Imunon Inc Non Current Liabilities Total account and Gross Profit Margin. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Imunon's Non Current Liabilities Total and Gross Profit Margin is -0.62. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Imunon Inc, assuming nothing else is changed. The correlation between historical values of Imunon's Non Current Liabilities Total and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Imunon Inc are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Non Current Liabilities Total i.e., Imunon's Non Current Liabilities Total and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Non Current Liabilities Total
Gross Profit Margin
Most indicators from Imunon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Imunon 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imunon 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 board of governors. As of the 30th of November 2024, Selling General Administrative is likely to drop to about 6.2 M. In addition to that, Tax Provision is likely to drop to about (1.3 M)
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 557K | 4.6M | 197.1M | 206.9M | Depreciation And Amortization | 702.9K | 731.6K | 720.0K | 408.9K |
Imunon fundamental ratios Correlations
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Imunon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Imunon fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 38.3M | 37.5M | 74.0M | 44.0M | 21.9M | 28.8M | |
Short Long Term Debt Total | 11.3M | 6.2M | 6.6M | 6.3M | 1.6M | 1.5M | |
Other Current Liab | 2.3M | 2.5M | 3.2M | 4.8M | 3.4M | 1.7M | |
Total Current Liabilities | 7.9M | 6.8M | 6.8M | 10.0M | 7.4M | 5.4M | |
Total Stockholder Equity | 14.6M | 18.6M | 55.8M | 29.3M | 13.4M | 15.9M | |
Property Plant And Equipment Net | 1.8M | 1.3M | 1.4M | 754K | 2.3M | 2.5M | |
Net Debt | 4.5M | (11.0M) | (13.0M) | (5.2M) | (4.2M) | (4.4M) | |
Retained Earnings | (290.5M) | (312.0M) | (332.8M) | (368.7M) | (388.2M) | (368.8M) | |
Accounts Payable | 2.9M | 2.2M | 2.5M | 3.6M | 3.5M | 2.4M | |
Cash | 6.9M | 17.2M | 19.6M | 11.5M | 5.8M | 7.9M | |
Non Current Assets Total | 22.0M | 18.7M | 22.1M | 6.8M | 3.7M | 3.5M | |
Non Currrent Assets Other | 333.3K | 58.8K | 6M | 4.5M | 50K | 47.5K | |
Cash And Short Term Investments | 14.9M | 17.2M | 49.5M | 32.9M | 15.7M | 16.5M | |
Net Receivables | 68.3K | 21.4K | 108.8K | 128.9K | 116.0K | 110.2K | |
Common Stock Shares Outstanding | 1.5M | 2.1M | 5.8M | 7.1M | 9.0M | 9.5M | |
Liabilities And Stockholders Equity | 38.3M | 37.5M | 74.0M | 44.0M | 21.9M | 28.8M | |
Non Current Liabilities Total | 15.8M | 12.2M | 11.5M | 4.6M | 1.1M | 1.1M | |
Other Current Assets | 1.4M | 3.3M | 2.4M | 4.0M | 2.5M | 2.7M | |
Other Stockholder Equity | 304.8M | 330.2M | 388.5M | 397.9M | 401.4M | 421.5M | |
Total Liab | 23.7M | 18.9M | 18.3M | 14.6M | 8.5M | 12.8M | |
Total Current Assets | 16.2M | 18.8M | 51.9M | 37.2M | 18.2M | 19.2M | |
Accumulated Other Comprehensive Income | 42.8K | 0.0 | (8K) | 27K | 60.8K | 63.8K | |
Intangible Assets | 16.3M | 16.1M | 13.5M | 13.4M | 15.4M | 16.1M | |
Common Stock | 232.6K | 407.0K | 58K | 74K | 94.0K | 89.3K | |
Short Term Investments | 8.0M | 0.0 | 29.9M | 21.4M | 9.9M | 12.7M | |
Net Tangible Assets | (3.5M) | 3.2M | 42.4M | 29.3M | 33.7M | 35.4M | |
Other Assets | 2.2M | 1.9M | 7.6M | 6.1M | 1.0 | 0.95 | |
Long Term Debt | 8.0M | 3.9M | 5.9M | 4.6M | 4.1M | 5.1M | |
Net Invested Capital | 24.4M | 23.7M | 61.7M | 35.4M | 13.4M | 25.2M | |
Capital Stock | 232.6K | 407.0K | 57.7K | 74K | 94.0K | 140.5K | |
Net Working Capital | 8.3M | 12.1M | 45.2M | 27.1M | 10.8M | 10.3M | |
Property Plant Equipment | 1.8M | 1.3M | 1.2M | 704.2K | 809.8K | 1.2M |
Pair Trading with Imunon
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 Imunon 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 Imunon will appreciate offsetting losses from the drop in the long position's value.Moving against Imunon Stock
0.86 | BMY | Bristol Myers Squibb Sell-off Trend | PairCorr |
0.79 | VTRS | Viatris | PairCorr |
0.77 | ESPR | Esperion Therapeutics Buyout Trend | PairCorr |
0.77 | GILD | Gilead Sciences | PairCorr |
0.64 | EWTX | Edgewise Therapeutics | PairCorr |
The ability to find closely correlated positions to Imunon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imunon 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 Imunon - 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 Imunon Inc to buy it.
The correlation of Imunon 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 Imunon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imunon 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 Imunon 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 Imunon 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 board of governors. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Biotechnology 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 Imunon. If investors know Imunon 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 Imunon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.91) | Revenue Per Share 0.014 | Return On Assets (0.67) | Return On Equity (1.48) |
The market value of Imunon Inc is measured differently than its book value, which is the value of Imunon that is recorded on the company's balance sheet. Investors also form their own opinion of Imunon's value that differs from its market value or its book value, called intrinsic value, which is Imunon'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 Imunon's market value can be influenced by many factors that don't directly affect Imunon'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 Imunon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Imunon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Imunon'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.