EMCORE Total Stockholder Equity vs Property Plant Equipment Analysis

EMKR Stock

USD 2.73 0.20 6.83%

EMCORE financial indicator trend analysis is much more than just examining EMCORE latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EMCORE is a good investment. Please check the relationship between EMCORE Total Stockholder Equity and its Property Plant Equipment accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.

Total Stockholder Equity vs Property Plant Equipment

Total Stockholder Equity vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EMCORE Total Stockholder Equity account and Property Plant Equipment. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between EMCORE's Total Stockholder Equity and Property Plant Equipment is -0.57. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of EMCORE, assuming nothing else is changed. The correlation between historical values of EMCORE's Total Stockholder Equity and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of EMCORE are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Stockholder Equity i.e., EMCORE's Total Stockholder Equity and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Property Plant Equipment

Most indicators from EMCORE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EMCORE 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.At this time, EMCORE's Tax Provision is relatively stable compared to the past year. As of 04/27/2024, Issuance Of Capital Stock is likely to grow to about 41.4 M, while Selling General Administrative is likely to drop slightly above 31.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	29.7M	23.4M	26.9M	31.1M
Total Revenue	124.1M	97.7M	112.4M	135.5M

Gross Profit Total Revenue

EMCORE fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Good Will	Short Term Debt	Intangible Assets	Common Stock Total Equity
Total Assets		0.36	0.36	0.54	0.8	0.61	-0.07	-0.81	0.5	0.25	0.63	0.15	0.26	0.79	0.36	0.17	0.74	0.55	-0.3	0.58	0.61	0.74	0.5	0.34	0.15	0.77
Short Long Term Debt Total	0.36		0.44	0.32	0.08	0.72	0.72	-0.38	0.24	-0.46	0.76	0.24	-0.4	0.46	-0.41	0.89	0.62	-0.28	-0.01	0.71	0.72	-0.03	0.32	-0.04	0.82	0.24
Other Current Liab	0.36	0.44		0.88	-0.18	0.73	0.68	-0.36	0.75	-0.67	0.76	-0.13	-0.67	0.76	-0.01	0.15	0.49	0.39	0.46	0.86	0.73	-0.18	0.71	0.53	0.15	0.21
Total Current Liabilities	0.54	0.32	0.88		0.05	0.63	0.45	-0.43	0.91	-0.43	0.73	0.07	-0.42	0.82	0.36	-0.04	0.51	0.58	0.46	0.86	0.63	0.08	0.81	0.75	0.01	0.25
Total Stockholder Equity	0.8	0.08	-0.18	0.05		0.16	-0.51	-0.68	0.04	0.69	0.16	0.13	0.71	0.42	0.38	0.0	0.45	0.3	-0.62	0.03	0.16	0.94	-0.01	0.07	-0.05	0.72
Property Plant And Equipment Net	0.61	0.72	0.73	0.63	0.16		0.68	-0.56	0.57	-0.54	0.94	0.03	-0.53	0.73	-0.26	0.56	0.82	0.3	0.05	0.86	1.0	0.0	0.66	0.16	0.51	0.42
Net Debt	-0.07	0.72	0.68	0.45	-0.51	0.68		0.0	0.36	-0.94	0.7	0.08	-0.92	0.34	-0.48	0.59	0.38	-0.15	0.47	0.69	0.69	-0.62	0.48	0.08	0.59	-0.16
Retained Earnings	-0.81	-0.38	-0.36	-0.43	-0.68	-0.56	0.0		-0.4	-0.18	-0.5	-0.25	-0.2	-0.68	-0.18	-0.25	-0.76	-0.33	0.57	-0.5	-0.56	-0.67	-0.17	-0.1	-0.2	-0.92
Accounts Payable	0.5	0.24	0.75	0.91	0.04	0.57	0.36	-0.4		-0.35	0.61	0.16	-0.34	0.74	0.25	-0.03	0.55	0.63	0.34	0.79	0.57	0.13	0.68	0.52	-0.07	0.21
Cash	0.25	-0.46	-0.67	-0.43	0.69	-0.54	-0.94	-0.18	-0.35		-0.55	-0.02	0.99	-0.22	0.4	-0.34	-0.19	0.05	-0.61	-0.56	-0.54	0.79	-0.49	-0.14	-0.37	0.33
Non Current Assets Total	0.63	0.76	0.76	0.73	0.16	0.94	0.7	-0.5	0.61	-0.55		0.14	-0.54	0.77	-0.06	0.5	0.75	0.32	0.21	0.91	0.95	0.0	0.79	0.38	0.53	0.35
Non Currrent Assets Other	0.15	0.24	-0.13	0.07	0.13	0.03	0.08	-0.25	0.16	-0.02	0.14		0.0	0.03	0.23	0.22	0.38	-0.08	-0.18	0.16	0.03	0.13	0.05	-0.05	0.41	0.22
Cash And Short Term Investments	0.26	-0.4	-0.67	-0.42	0.71	-0.53	-0.92	-0.2	-0.34	0.99	-0.54	0.0		-0.2	0.37	-0.3	-0.17	0.0	-0.62	-0.54	-0.53	0.8	-0.51	-0.15	-0.35	0.31
Net Receivables	0.79	0.46	0.76	0.82	0.42	0.73	0.34	-0.68	0.74	-0.22	0.77	0.03	-0.2		0.27	0.14	0.73	0.52	0.12	0.8	0.73	0.39	0.67	0.55	0.06	0.57
Common Stock Shares Outstanding	0.36	-0.41	-0.01	0.36	0.38	-0.26	-0.48	-0.18	0.25	0.4	-0.06	0.23	0.37	0.27		-0.67	-0.12	0.59	0.15	-0.02	-0.26	0.43	0.35	0.73	-0.48	0.19
Non Current Liabilities Total	0.17	0.89	0.15	-0.04	0.0	0.56	0.59	-0.25	-0.03	-0.34	0.5	0.22	-0.3	0.14	-0.67		0.54	-0.47	-0.23	0.46	0.56	-0.08	0.01	-0.45	0.89	0.2
Inventory	0.74	0.62	0.49	0.51	0.45	0.82	0.38	-0.76	0.55	-0.19	0.75	0.38	-0.17	0.73	-0.12	0.54		0.27	-0.28	0.73	0.82	0.39	0.42	0.0	0.5	0.72
Other Current Assets	0.55	-0.28	0.39	0.58	0.3	0.3	-0.15	-0.33	0.63	0.05	0.32	-0.08	0.0	0.52	0.59	-0.47	0.27		0.12	0.33	0.3	0.29	0.59	0.51	-0.44	0.31
Other Stockholder Equity	-0.3	-0.01	0.46	0.46	-0.62	0.05	0.47	0.57	0.34	-0.61	0.21	-0.18	-0.62	0.12	0.15	-0.23	-0.28	0.12		0.3	0.05	-0.61	0.59	0.61	-0.13	-0.66
Total Liab	0.58	0.71	0.86	0.86	0.03	0.86	0.69	-0.5	0.79	-0.56	0.91	0.16	-0.54	0.8	-0.02	0.46	0.73	0.33	0.3		0.86	0.01	0.76	0.43	0.45	0.33
Property Plant And Equipment Gross	0.61	0.72	0.73	0.63	0.16	1.0	0.69	-0.56	0.57	-0.54	0.95	0.03	-0.53	0.73	-0.26	0.56	0.82	0.3	0.05	0.86		0.0	0.66	0.16	0.51	0.42
Total Current Assets	0.74	-0.03	-0.18	0.08	0.94	0.0	-0.62	-0.67	0.13	0.79	0.0	0.13	0.8	0.39	0.43	-0.08	0.39	0.29	-0.61	0.01	0.0		-0.12	0.07	-0.15	0.72
Good Will	0.5	0.32	0.71	0.81	-0.01	0.66	0.48	-0.17	0.68	-0.49	0.79	0.05	-0.51	0.67	0.35	0.01	0.42	0.59	0.59	0.76	0.66	-0.12		0.74	0.13	0.07
Short Term Debt	0.34	-0.04	0.53	0.75	0.07	0.16	0.08	-0.1	0.52	-0.14	0.38	-0.05	-0.15	0.55	0.73	-0.45	0.0	0.51	0.61	0.43	0.16	0.07	0.74		-0.28	-0.01
Intangible Assets	0.15	0.82	0.15	0.01	-0.05	0.51	0.59	-0.2	-0.07	-0.37	0.53	0.41	-0.35	0.06	-0.48	0.89	0.5	-0.44	-0.13	0.45	0.51	-0.15	0.13	-0.28		0.18
Common Stock Total Equity	0.77	0.24	0.21	0.25	0.72	0.42	-0.16	-0.92	0.21	0.33	0.35	0.22	0.31	0.57	0.19	0.2	0.72	0.31	-0.66	0.33	0.42	0.72	0.07	-0.01	0.18

Click cells to compare fundamentals

EMCORE Account Relationship Matchups

EMCORE fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	126.2M	180.8M	189.1M	142.9M	128.6M	145.7M
Short Long Term Debt Total	21.2M	13.9M	39.3M	34.5M	31.1M	40.6M
Other Current Liab	11.1M	9.6M	8.1M	13.6M	12.2M	10.0M
Total Current Liabilities	29.1M	27.8M	29.2M	28.8M	33.1M	43.0M
Total Stockholder Equity	74.1M	137.5M	118.8M	79.2M	91.1M	114.4M
Property Plant And Equipment Net	35.6M	36.0M	61.1M	37.1M	33.4M	39.5M
Net Debt	(9.2M)	(57.7M)	13.7M	8.3M	7.5M	7.9M
Retained Earnings	(623.4M)	(597.8M)	(622.1M)	(698.5M)	(628.7M)	(660.1M)
Accounts Payable	16.5M	16.7M	12.7M	9.7M	11.1M	18.5M
Cash	30.4M	71.6M	25.6M	26.2M	30.1M	35.0M
Non Current Assets Total	36.1M	36.5M	93.9M	51.9M	46.7M	59.5M
Non Currrent Assets Other	242K	225K	2.4M	2.6M	2.3M	2.2M
Cash And Short Term Investments	30.4M	71.6M	25.6M	26.2M	30.1M	48.7M
Net Receivables	26.9M	32.2M	24.9M	24.0M	27.6M	29.6M
Common Stock Shares Outstanding	2.9M	3.6M	3.7M	5.2M	5.9M	5.6M
Liabilities And Stockholders Equity	126.2M	180.8M	189.1M	142.9M	128.6M	145.7M
Non Current Liabilities Total	23.0M	15.5M	41.0M	34.8M	31.3M	30.6M
Inventory	25.5M	32.3M	37.0M	28.9M	33.2M	29.4M
Other Current Assets	7.3M	8.2M	7.6M	556K	639.4K	607.4K
Total Liab	52.1M	43.3M	70.3M	63.6M	57.3M	62.1M
Property Plant And Equipment Gross	35.6M	36.0M	61.1M	37.1M	33.4M	39.6M
Total Current Assets	90.1M	144.3M	95.2M	91.0M	104.6M	117.3M
Accumulated Other Comprehensive Income	918K	687K	1.3M	350K	402.5K	422.6K
Short Term Debt	992K	1.2M	3.1M	3.9M	4.5M	8.0M
Intangible Assets	202K	167K	14.8M	12.2M	11.0M	7.1M
Common Stock Total Equity	734.1M	739.9M	744.4M	782.3M	899.6M	635.9M
Common Stock	744.4M	782.3M	787.3M	825.1M	948.9M	658.3M
Other Liab	2.1M	2.8M	2.8M	4.8M	4.3M	2.7M
Other Assets	62K	242K	225K	2.4M	2.1M	3.5M
Property Plant Equipment	37.2M	21.1M	22.5M	61.1M	55.0M	42.6M
Current Deferred Revenue	502K	364K	5.3M	1.6M	1.5M	1.4M
Net Tangible Assets	76.4M	73.9M	137.2M	86.1M	99.1M	103.7M
Retained Earnings Total Equity	(580.4M)	(616.4M)	(623.4M)	(597.8M)	(538.0M)	(564.9M)
Non Current Liabilities Other	23.0M	15.5M	106K	8K	7.2K	6.8K

Pair Trading with EMCORE

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

Moving together with EMCORE Stock

0.69	KE	Kimball Electronics Financial Report 2nd of May 2024	Pair Corr
0.85	UI	Ubiquiti Networks Earnings Call This Week	Pair Corr

Moving against EMCORE Stock

0.8	VRME	VerifyMe Financial Report 9th of May 2024	Pair Corr
0.78	OPTXW	Syntec Optics Holdings Symbol Change	Pair Corr
0.76	NSYS	Nortech Systems rporated	Pair Corr
0.73	DAIO	Data IO	Pair Corr
0.64	IDN	Intellicheck Mobilisa Financial Report 14th of May 2024	Pair Corr

The ability to find closely correlated positions to EMCORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCORE 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 EMCORE - 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 EMCORE to buy it.

The correlation of EMCORE 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 EMCORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCORE 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 EMCORE 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 Correlation Correlation Matching

When determining whether EMCORE is a strong investment it is important to analyze EMCORE'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 EMCORE's future performance. For an informed investment choice regarding EMCORE Stock, refer to the following important reports:

How To Invest In EMCORE

Details

Is EMCORE Stock a good investment?

Details

What is EMCORE's Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.

You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running EMCORE's price analysis, check to measure EMCORE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.

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Is EMCORE's industry 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 EMCORE. If investors know EMCORE 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 EMCORE 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

(0.25)

Earnings Share

(8.18)

Revenue Per Share

15.825

Quarterly Revenue Growth

0.207

Return On Assets

(0.07)

The market value of EMCORE is measured differently than its book value, which is the value of EMCORE that is recorded on the company's balance sheet. Investors also form their own opinion of EMCORE's value that differs from its market value or its book value, called intrinsic value, which is EMCORE'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 EMCORE's market value can be influenced by many factors that don't directly affect EMCORE'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 EMCORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCORE'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.

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EMCORE Total Stockholder Equity vs Property Plant Equipment Analysis

Total Stockholder Equity vs Property Plant Equipment

Total Stockholder Equity vs Property Plant Equipment Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Property Plant Equipment

EMCORE fundamental ratios Correlations

EMCORE Account Relationship Matchups

High Positive Relationship

High Negative Relationship

EMCORE fundamental ratios Accounts

Pair Trading with EMCORE

Moving together with EMCORE Stock

Moving against EMCORE Stock

Complementary Tools for EMCORE Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.99	Cash
Property Plant And Equipment Gross	+ 0.95	Non Current Assets Total
Total Current Assets	+ 0.94	Total Stockholder Equity
Non Current Assets Total	+ 0.94	Property Plant And Equipment Net
Accounts Payable	+ 0.91	Total Current Liabilities

Cash	- 0.94	Net Debt
Common Stock Total Equity	- 0.92	Retained Earnings
Cash And Short Term Investments	- 0.92	Net Debt
Retained Earnings	- 0.81	Total Assets
Inventory	- 0.76	Retained Earnings
Net Receivables	- 0.68	Retained Earnings