Tevogen Current Deferred Revenue vs Other Current Assets Analysis

TVGN Stock   1.18  0.13  9.92%   
Tevogen Bio financial indicator trend analysis is much more than just breaking down Tevogen Bio Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tevogen Bio Holdings is a good investment. Please check the relationship between Tevogen Bio Current Deferred Revenue and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tevogen Bio Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Current Deferred Revenue vs Other Current Assets

Current Deferred Revenue vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tevogen Bio Holdings Current Deferred Revenue account and Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Tevogen Bio's Current Deferred Revenue and Other Current Assets is -0.63. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Tevogen Bio Holdings, assuming nothing else is changed. The correlation between historical values of Tevogen Bio's Current Deferred Revenue and Other 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 Current Deferred Revenue of Tevogen Bio Holdings are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Current Deferred Revenue i.e., Tevogen Bio's Current Deferred Revenue and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.63
Relationship DirectionNegative 
Relationship StrengthWeak

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Tevogen Bio's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tevogen Bio Holdings 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tevogen Bio Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
At this time, Tevogen Bio's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 3rd of December 2024, Enterprise Value Multiple is likely to grow to about 10.2 K, while Selling General Administrative is likely to drop about 1.8 M.
 2010 2022 2023 2024 (projected)
Reconciled Depreciation9.4K230.8K265.4K278.7K
Total Operating Expenses4.6M953.1K2.3M2.1M

Tevogen Bio fundamental ratios Correlations

0.52-0.99-0.161.00.740.770.9-0.26-0.561.00.560.53-0.56-0.07-0.550.8-0.56-0.631.00.6-0.571.0-0.431.0-0.07
0.52-0.4-0.930.5-0.180.950.79-0.860.420.5-0.41-0.410.42-0.860.420.930.410.320.57-0.320.40.50.550.5-0.85
-0.99-0.40.03-0.99-0.83-0.67-0.840.130.67-0.99-0.67-0.640.67-0.070.66-0.70.670.73-0.98-0.70.68-0.990.55-0.99-0.07
-0.16-0.930.03-0.140.54-0.76-0.520.87-0.73-0.140.720.69-0.730.96-0.73-0.73-0.72-0.65-0.220.63-0.72-0.14-0.82-0.140.94
1.00.5-0.99-0.140.760.750.89-0.24-0.581.00.580.55-0.58-0.04-0.570.78-0.58-0.651.00.62-0.591.0-0.451.0-0.04
0.74-0.18-0.830.540.760.140.420.39-0.970.760.970.93-0.970.61-0.970.18-0.97-0.980.70.95-0.970.76-0.920.760.6
0.770.95-0.67-0.760.750.140.93-0.750.110.75-0.1-0.110.11-0.670.121.00.10.010.8-0.020.090.750.260.75-0.66
0.90.79-0.84-0.520.890.420.93-0.45-0.190.890.20.24-0.19-0.37-0.180.94-0.2-0.250.920.33-0.20.89-0.050.89-0.34
-0.26-0.860.130.87-0.240.39-0.75-0.45-0.56-0.240.560.67-0.560.95-0.55-0.73-0.56-0.42-0.310.61-0.55-0.24-0.66-0.240.96
-0.560.420.67-0.73-0.58-0.970.11-0.19-0.56-0.58-1.0-0.961.0-0.771.00.061.00.99-0.51-0.951.0-0.580.99-0.58-0.75
1.00.5-0.99-0.141.00.760.750.89-0.24-0.580.580.55-0.58-0.04-0.570.78-0.58-0.651.00.62-0.591.0-0.451.0-0.04
0.56-0.41-0.670.720.580.97-0.10.20.56-1.00.580.96-1.00.76-1.0-0.05-1.0-0.990.510.95-1.00.59-0.990.590.75
0.53-0.41-0.640.690.550.93-0.110.240.67-0.960.550.96-0.960.81-0.95-0.07-0.96-0.90.481.0-0.960.55-0.950.550.81
-0.560.420.67-0.73-0.58-0.970.11-0.19-0.561.0-0.58-1.0-0.96-0.771.00.061.00.99-0.51-0.951.0-0.580.99-0.58-0.75
-0.07-0.86-0.070.96-0.040.61-0.67-0.370.95-0.77-0.040.760.81-0.77-0.76-0.64-0.76-0.66-0.130.75-0.76-0.04-0.85-0.041.0
-0.550.420.66-0.73-0.57-0.970.12-0.18-0.551.0-0.57-1.0-0.951.0-0.760.071.00.99-0.5-0.941.0-0.570.99-0.57-0.75
0.80.93-0.7-0.730.780.181.00.94-0.730.060.78-0.05-0.070.06-0.640.070.05-0.040.830.020.050.780.210.78-0.63
-0.560.410.67-0.72-0.58-0.970.1-0.2-0.561.0-0.58-1.0-0.961.0-0.761.00.050.99-0.51-0.951.0-0.590.99-0.59-0.75
-0.630.320.73-0.65-0.65-0.980.01-0.25-0.420.99-0.65-0.99-0.90.99-0.660.99-0.040.99-0.58-0.910.99-0.650.96-0.65-0.64
1.00.57-0.98-0.221.00.70.80.92-0.31-0.511.00.510.48-0.51-0.13-0.50.83-0.51-0.580.55-0.521.0-0.371.0-0.12
0.6-0.32-0.70.630.620.95-0.020.330.61-0.950.620.951.0-0.950.75-0.940.02-0.95-0.910.55-0.950.62-0.930.620.76
-0.570.40.68-0.72-0.59-0.970.09-0.2-0.551.0-0.59-1.0-0.961.0-0.761.00.051.00.99-0.52-0.95-0.590.99-0.59-0.75
1.00.5-0.99-0.141.00.760.750.89-0.24-0.581.00.590.55-0.58-0.04-0.570.78-0.59-0.651.00.62-0.59-0.451.0-0.04
-0.430.550.55-0.82-0.45-0.920.26-0.05-0.660.99-0.45-0.99-0.950.99-0.850.990.210.990.96-0.37-0.930.99-0.45-0.45-0.84
1.00.5-0.99-0.141.00.760.750.89-0.24-0.581.00.590.55-0.58-0.04-0.570.78-0.59-0.651.00.62-0.591.0-0.45-0.04
-0.07-0.85-0.070.94-0.040.6-0.66-0.340.96-0.75-0.040.750.81-0.751.0-0.75-0.63-0.75-0.64-0.120.76-0.75-0.04-0.84-0.04
Click cells to compare fundamentals

Tevogen Bio Account Relationship Matchups

Pair Trading with Tevogen Bio

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

Moving against Tevogen Stock

  0.68A Agilent TechnologiesPairCorr
  0.66ME 23Andme HoldingPairCorr
  0.47DOMH Dominari HoldingsPairCorr
  0.43DRMA Dermata TherapeuticsPairCorr
  0.37VALN Valneva SE ADRPairCorr
The ability to find closely correlated positions to Tevogen Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tevogen Bio 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 Tevogen Bio - 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 Tevogen Bio Holdings to buy it.
The correlation of Tevogen Bio 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 Tevogen Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tevogen Bio Holdings 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 Tevogen Bio 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 Tevogen Bio Holdings is a strong investment it is important to analyze Tevogen Bio's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tevogen Bio's future performance. For an informed investment choice regarding Tevogen Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tevogen Bio Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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 Tevogen Bio. If investors know Tevogen 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 Tevogen Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets
(0.83)
The market value of Tevogen Bio Holdings is measured differently than its book value, which is the value of Tevogen that is recorded on the company's balance sheet. Investors also form their own opinion of Tevogen Bio's value that differs from its market value or its book value, called intrinsic value, which is Tevogen Bio'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 Tevogen Bio's market value can be influenced by many factors that don't directly affect Tevogen Bio'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 Tevogen Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tevogen Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tevogen Bio'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.