Immuron Net Income vs Net Income Per Share Analysis
| IMRN Stock | USD 1.91 0.02 1.06% |
Immuron financial indicator trend analysis is infinitely more than just investigating Immuron Ltd ADR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Immuron Ltd ADR is a good investment. Please check the relationship between Immuron Net Income and its Net Income Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Immuron Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Net Income vs Net Income Per Share
Net Income vs Net Income Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Immuron Ltd ADR Net Income account and Net Income Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Immuron's Net Income and Net Income Per Share is -0.38. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Immuron Ltd ADR, assuming nothing else is changed. The correlation between historical values of Immuron's Net Income and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Immuron Ltd ADR are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Net Income i.e., Immuron's Net Income and Net Income Per Share go up and down completely randomly.
Correlation Coefficient | -0.38 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Immuron Ltd ADR financial statement analysis. It represents the amount of money remaining after all of Immuron Ltd ADR operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Net Income Per Share
Most indicators from Immuron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Immuron Ltd ADR 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 Immuron Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. As of the 29th of November 2024, Selling General Administrative is likely to drop to about 4 M. In addition to that, Sales General And Administrative To Revenue is likely to drop to 0.88
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 6.2K | 9.7K | 7.6K | 7.2K | Depreciation And Amortization | 26.6K | 48.7K | 46.0K | 43.7K |
Immuron fundamental ratios Correlations
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Immuron Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Immuron fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 176.4M | 221.1M | 227.6M | 227.8M | 228.2M | 239.6M | |
| Total Assets | 6.2M | 27.1M | 24.9M | 22.0M | 15.5M | 9.3M | |
| Other Current Liab | 42.2K | 994.5K | 747.7K | 691.3K | 2.0M | 2.1M | |
| Total Current Liabilities | 516.4K | 1.1M | 1.5M | 2.2M | 2.7M | 2.8M | |
| Total Stockholder Equity | 5.6M | 25.9M | 23.2M | 19.6M | 12.7M | 7.9M | |
| Property Plant And Equipment Net | 70.8K | 33.7K | 226.7K | 200.1K | 154.3K | 146.6K | |
| Net Debt | (3.2M) | (25.0M) | (21.9M) | (17.0M) | (11.5M) | (10.9M) | |
| Retained Earnings | (57.9M) | (65.9M) | (68.4M) | (72.1M) | (79.0M) | (75.0M) | |
| Accounts Payable | 157.6K | 106.9K | 720.9K | 790.9K | 648.9K | 744.3K | |
| Cash | 3.3M | 25.0M | 22.1M | 17.2M | 11.7M | 12.2M | |
| Non Current Assets Total | 1.8M | 1.3M | 1.2M | 1.6M | 823.6K | 940.4K | |
| Non Currrent Assets Other | 1.7M | 1.3M | 956.9K | 1.2M | 669.3K | 702.7K | |
| Cash And Short Term Investments | 3.3M | 25.0M | 22.1M | 19.0M | 11.7M | 6.2M | |
| Net Receivables | 327.7K | 334.7K | 662.9K | 417.4K | 1.4M | 846.1K | |
| Liabilities And Stockholders Equity | 6.2M | 27.1M | 24.9M | 22.0M | 15.5M | 10.4M | |
| Inventory | 797.7K | 292.5K | 326.6K | 840.0K | 1.6M | 802.1K | |
| Other Current Assets | 33.2K | 413.0K | 572.4K | 158.2K | 96.8K | 92.0K | |
| Other Stockholder Equity | 5.6M | 25.9M | 23.2M | 3.2M | 3.7M | 3.5M | |
| Total Liab | 558.3K | 1.2M | 1.7M | 2.4M | 2.8M | 1.4M | |
| Total Current Assets | 4.4M | 25.8M | 23.7M | 20.4M | 14.7M | 8.0M | |
| Common Stock | 60.5M | 62.4M | 88.4M | 88.4M | 88.5M | 46.1M | |
| Short Long Term Debt Total | 61.1K | 20.5K | 209.8K | 189.1K | 173.5K | 310.2K | |
| Other Assets | 1.7M | 1.3M | 956.9K | 1.2M | 1.1M | 838.7K | |
| Short Term Debt | 42.2K | 20.5K | 34.4K | 38.8K | 40.6K | 38.5K | |
| Accumulated Other Comprehensive Income | 1.1M | 3.5M | 3.2M | 3.2M | 3.2M | 1.8M | |
| Non Current Liabilities Total | 41.8K | 36.2K | 175.4K | 152.2K | 141.5K | 129.8K | |
| Net Tangible Assets | 5.6M | 25.9M | 23.2M | 19.6M | 22.6M | 12.8M | |
| Property Plant Equipment | 70.8K | 33.7K | 226.7K | 200.1K | 230.2K | 241.7K | |
| Other Liab | 22.9K | 36.2K | 36.0 | 1.9K | 2.2K | 2.1K | |
| Capital Lease Obligations | 61.1K | 20.5K | 209.8K | 189.1K | 217.5K | 228.3K | |
| Property Plant And Equipment Gross | 499.2K | 505.8K | 628.9K | 651.0K | 748.6K | 786.1K | |
| Net Invested Capital | 5.6M | 25.9M | 23.2M | 19.6M | 22.6M | 15.3M | |
| Net Working Capital | 3.9M | 24.6M | 22.2M | 18.2M | 20.9M | 13.7M |
Pair Trading with Immuron
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 Immuron 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 Immuron will appreciate offsetting losses from the drop in the long position's value.Moving together with Immuron Stock
Moving against Immuron Stock
| 0.83 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.82 | GILD | Gilead Sciences | PairCorr |
| 0.8 | ESPR | Esperion Therapeutics Buyout Trend | PairCorr |
| 0.79 | BMY | Bristol Myers Squibb Sell-off Trend | PairCorr |
| 0.67 | EBS | Emergent Biosolutions | PairCorr |
The ability to find closely correlated positions to Immuron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Immuron 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 Immuron - 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 Immuron Ltd ADR to buy it.
The correlation of Immuron 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 Immuron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Immuron Ltd ADR 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 Immuron 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 Immuron Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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 Immuron. If investors know Immuron 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 Immuron listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.79) | Revenue Per Share 0.88 | Quarterly Revenue Growth 1.086 | Return On Assets (0.17) | Return On Equity (0.43) |
The market value of Immuron Ltd ADR is measured differently than its book value, which is the value of Immuron that is recorded on the company's balance sheet. Investors also form their own opinion of Immuron's value that differs from its market value or its book value, called intrinsic value, which is Immuron'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 Immuron's market value can be influenced by many factors that don't directly affect Immuron'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 Immuron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Immuron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Immuron'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.