Veeco Common Stock vs Short Long Term Debt Analysis

VECO Stock  USD 27.40  0.86  3.24%   
Veeco Instruments financial indicator trend analysis is much more than just breaking down Veeco Instruments prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Veeco Instruments is a good investment. Please check the relationship between Veeco Instruments Common Stock and its Short Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veeco Instruments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Veeco Stock, please use our How to Invest in Veeco Instruments guide.

Common Stock vs Short Long Term Debt

Common Stock vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Veeco Instruments Common Stock account and Short Long Term Debt. At this time, the significance of the direction appears to have very week relationship.
The correlation between Veeco Instruments' Common Stock and Short Long Term Debt is 0.24. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Veeco Instruments, assuming nothing else is changed. The correlation between historical values of Veeco Instruments' Common Stock and Short Long Term Debt 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 Veeco Instruments are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Common Stock i.e., Veeco Instruments' Common Stock and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak

Common Stock

Short Long Term Debt

The total of a company's short-term and long-term borrowings.
Most indicators from Veeco Instruments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Veeco Instruments 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 Veeco Instruments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Veeco Stock, please use our How to Invest in Veeco Instruments guide.At this time, Veeco Instruments' Discontinued Operations is very stable compared to the past year. As of the 22nd of November 2024, Tax Provision is likely to grow to about 2.1 M, while Selling General Administrative is likely to drop about 86.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit242.3M263.1M285.1M189.7M
Total Revenue583.3M646.1M666.4M450.8M

Veeco Instruments fundamental ratios Correlations

0.370.20.870.770.770.01-0.160.50.480.720.10.530.720.820.370.450.610.530.630.310.830.510.490.820.82
0.37-0.040.46-0.260.40.9-0.880.09-0.450.69-0.22-0.430.660.531.00.81-0.040.790.910.470.030.480.20.670.68
0.2-0.040.370.210.380.020.02-0.1-0.06-0.040.50.230.430.38-0.030.360.60.290.060.240.41-0.32-0.260.350.36
0.870.460.370.530.770.23-0.310.340.160.73-0.010.220.850.860.450.610.430.640.720.340.630.50.380.830.83
0.77-0.260.210.530.49-0.60.440.50.860.340.260.870.270.44-0.25-0.030.720.030.00.120.850.220.390.350.35
0.770.40.380.770.490.19-0.340.510.210.440.030.370.850.880.40.620.480.510.620.50.760.14-0.060.840.83
0.010.90.020.23-0.60.19-0.87-0.16-0.80.41-0.22-0.710.50.290.890.71-0.260.640.750.38-0.290.28-0.030.450.45
-0.16-0.880.02-0.310.44-0.34-0.870.060.53-0.440.390.51-0.53-0.51-0.89-0.710.31-0.78-0.8-0.350.1-0.130.04-0.62-0.63
0.50.09-0.10.340.50.51-0.160.060.460.190.350.520.390.410.080.180.46-0.150.190.170.610.20.020.330.33
0.48-0.45-0.060.160.860.21-0.80.530.460.080.150.89-0.10.18-0.44-0.30.47-0.2-0.29-0.080.660.020.270.040.05
0.720.69-0.040.730.340.440.41-0.440.190.08-0.27-0.050.570.530.690.640.250.740.720.510.280.730.720.640.65
0.1-0.220.5-0.010.260.03-0.220.390.350.15-0.270.420.10.02-0.23-0.050.69-0.34-0.17-0.10.39-0.14-0.180.020.03
0.53-0.430.230.220.870.37-0.710.510.520.89-0.050.420.10.32-0.42-0.180.67-0.19-0.24-0.020.85-0.130.020.170.18
0.720.660.430.850.270.850.5-0.530.39-0.10.570.10.10.870.650.790.450.670.810.480.60.360.030.870.88
0.820.530.380.860.440.880.29-0.510.410.180.530.020.320.870.520.650.360.690.750.320.730.230.080.930.94
0.371.0-0.030.45-0.250.40.89-0.890.08-0.440.69-0.23-0.420.650.520.83-0.030.810.90.510.040.440.190.680.69
0.450.810.360.61-0.030.620.71-0.710.18-0.30.64-0.05-0.180.790.650.830.280.810.750.810.290.2-0.040.760.76
0.61-0.040.60.430.720.48-0.260.310.460.470.250.690.670.450.36-0.030.280.10.080.370.780.080.120.410.4
0.530.790.290.640.030.510.64-0.78-0.15-0.20.74-0.34-0.190.670.690.810.810.10.80.530.230.30.260.780.8
0.630.910.060.720.00.620.75-0.80.19-0.290.72-0.17-0.240.810.750.90.750.080.80.340.270.530.290.860.86
0.310.470.240.340.120.50.38-0.350.17-0.080.51-0.1-0.020.480.320.510.810.370.530.340.270.0-0.090.470.45
0.830.030.410.630.850.76-0.290.10.610.660.280.390.850.60.730.040.290.780.230.270.270.070.040.640.65
0.510.48-0.320.50.220.140.28-0.130.20.020.73-0.14-0.130.360.230.440.20.080.30.530.00.070.760.250.27
0.490.2-0.260.380.39-0.06-0.030.040.020.270.72-0.180.020.030.080.19-0.040.120.260.29-0.090.040.760.150.17
0.820.670.350.830.350.840.45-0.620.330.040.640.020.170.870.930.680.760.410.780.860.470.640.250.151.0
0.820.680.360.830.350.830.45-0.630.330.050.650.030.180.880.940.690.760.40.80.860.450.650.270.171.0
Click cells to compare fundamentals

Veeco Instruments Account Relationship Matchups

Veeco Instruments fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets818.1M898.1M899.0M1.1B1.2B719.1M
Short Long Term Debt Total310.4M327.4M262.3M308.2M310.5M326.0M
Other Current Liab37.9M40.7M75.3M52.7M51.8M56.0M
Total Current Liabilities118.2M146.7M189.2M257.9M218.0M129.9M
Total Stockholder Equity374.5M408.4M437.6M577.8M672.4M440.6M
Property Plant And Equipment Net90.2M75.5M128.6M133.7M142.8M72.9M
Net Debt181.1M197.8M142.5M153.3M151.7M159.3M
Retained Earnings(698.9M)(707.3M)(681.3M)(501.8M)(532.2M)(505.6M)
Accounts Payable21.3M33.7M44.5M52.0M42.4M32.6M
Cash129.3M129.6M119.7M154.9M158.8M165.9M
Non Current Assets Total342.2M311.1M349.6M459.3M522.8M548.9M
Non Currrent Assets Other7.0M6.0M1.5M1.4M3.1M3.0M
Cash And Short Term Investments244.5M319.4M223.9M302.4M305.4M248.2M
Net Receivables71.0M101.2M127.9M140.7M127.4M81.1M
Common Stock Shares Outstanding47.5M48.4M53.6M65.6M53.8M35.5M
Liabilities And Stockholders Equity818.1M898.1M899.0M1.1B1.2B719.1M
Non Current Liabilities Total325.4M343.0M272.1M292.5M338.6M355.5M
Inventory133.1M145.9M170.9M206.9M237.6M249.5M
Other Current Assets15.0M20.4M26.7M18.9M35.8M29.8M
Other Stockholder Equity1.1B1.1B1.1B1.1B1.2B1.3B
Total Liab443.6M489.7M461.3M550.4M556.6M278.4M
Property Plant And Equipment Gross90.2M65.3M128.6M133.7M325.2M341.5M
Total Current Assets475.9M586.9M549.4M668.9M706.3M465.1M
Accumulated Other Comprehensive Income1.9M1.8M1.5M928K1.6M1.0M
Short Term Debt4.2M4.1M4.4M23.5M4.0M5.9M
Intangible Assets61.5M46.2M33.9M23.9M43.9M67.9M
Common Stock Total Equity490K497K507K517K594.6K415.7K
Common Stock490K497K507K517K564K423.9K
Other Liab15.0M15.6M9.9M4.4M5.0M8.6M
Other Assets8.6M17.7M5.2M117.7M1.00.95
Long Term Debt300.1M321.1M229.4M254.5M274.9M166.8M
Short Term Investments115.3M189.8M104.2M147.5M146.7M115.8M
Property Plant Equipment75.7M65.3M128.6M107.3M123.4M83.7M
Current Deferred Revenue54.9M67.2M63.1M127.2M118.0M123.9M
Net Tangible Assets131.1M180.2M221.8M372.0M334.8M305.2M
Retained Earnings Total Equity(698.9M)(707.3M)(681.3M)(501.8M)(451.6M)(429.0M)
Long Term Debt Total300.1M321.1M229.4M254.5M292.7M153.8M
Capital Surpluse1.1B1.1B1.1B1.1B1.2B998.5M

Pair Trading with Veeco Instruments

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

Moving together with Veeco Stock

  0.87FORM FormFactorPairCorr
  0.8TER TeradynePairCorr

Moving against Veeco Stock

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  0.66CWAN Clearwater AnalyticsPairCorr
  0.63CSCO Cisco SystemsPairCorr
  0.42INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.34IPGP IPG PhotonicsPairCorr
The ability to find closely correlated positions to Veeco Instruments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Veeco Instruments 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 Veeco Instruments - 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 Veeco Instruments to buy it.
The correlation of Veeco Instruments 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 Veeco Instruments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veeco Instruments 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 Veeco Instruments 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 Veeco Instruments offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Veeco Instruments' 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 Veeco Instruments Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Veeco Instruments Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veeco Instruments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Veeco Stock, please use our How to Invest in Veeco Instruments guide.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Semiconductors & Semiconductor Equipment 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 Veeco Instruments. If investors know Veeco 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 Veeco Instruments 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
(0.15)
Earnings Share
1.39
Revenue Per Share
12.611
Quarterly Revenue Growth
0.042
Return On Assets
0.0457
The market value of Veeco Instruments is measured differently than its book value, which is the value of Veeco that is recorded on the company's balance sheet. Investors also form their own opinion of Veeco Instruments' value that differs from its market value or its book value, called intrinsic value, which is Veeco Instruments' 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 Veeco Instruments' market value can be influenced by many factors that don't directly affect Veeco Instruments' 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 Veeco Instruments' value and its price as these two are different measures arrived at by different means. Investors typically determine if Veeco Instruments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veeco Instruments' 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.