Equillium Total Liab vs Net Working Capital Analysis

EQ Stock  USD 0.83  0.04  5.06%   
Equillium financial indicator trend analysis is much more than just examining Equillium latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equillium is a good investment. Please check the relationship between Equillium Total Liab and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equillium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
To learn how to invest in Equillium Stock, please use our How to Invest in Equillium guide.

Total Liab vs Net Working Capital

Total Liab vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equillium Total Liab account and Net Working Capital. At this time, the significance of the direction appears to have very week relationship.
The correlation between Equillium's Total Liab and Net Working Capital is 0.26. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Equillium, assuming nothing else is changed. The correlation between historical values of Equillium's Total Liab and Net Working Capital 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 Liab of Equillium are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Liab i.e., Equillium's Total Liab and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.26
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Net Working Capital

Most indicators from Equillium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equillium 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 Equillium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
To learn how to invest in Equillium Stock, please use our How to Invest in Equillium guide.As of 10/01/2024, Selling General Administrative is likely to drop to about 10.3 M. In addition to that, Tax Provision is likely to drop to about 319 K
 2021 2022 2023 2024 (projected)
Other Operating Expenses37.8M54.8M50.6M38.1M
Depreciation And Amortization72K118K126K71.5K

Equillium fundamental ratios Correlations

-0.730.310.620.920.570.960.71-0.87-0.730.550.860.710.07-0.381.00.90.580.65-0.190.90.960.90.550.760.68
-0.73-0.53-0.66-0.63-0.6-0.78-0.490.650.71-0.34-0.55-0.5-0.240.66-0.71-0.68-0.46-0.920.76-0.72-0.64-0.74-0.33-0.62-0.53
0.31-0.530.20.30.410.460.33-0.09-0.37-0.370.050.340.060.140.30.370.250.5-0.670.360.280.34-0.130.060.39
0.62-0.660.20.290.90.460.75-0.74-0.970.810.730.760.39-0.450.580.770.890.61-0.250.780.710.840.890.290.78
0.92-0.630.30.290.270.960.51-0.71-0.440.270.680.51-0.08-0.340.940.750.30.56-0.190.750.820.720.240.80.47
0.57-0.60.410.90.270.440.9-0.75-0.930.610.750.90.63-0.310.530.730.920.56-0.270.760.640.810.770.020.91
0.96-0.780.460.460.960.440.58-0.75-0.60.310.720.580.0-0.370.960.820.410.69-0.370.820.870.80.310.790.56
0.71-0.490.330.750.510.90.58-0.86-0.850.590.871.00.57-0.270.670.840.910.47-0.030.870.760.870.760.110.99
-0.870.65-0.09-0.74-0.71-0.75-0.75-0.860.79-0.73-0.99-0.85-0.490.59-0.85-0.83-0.73-0.550.11-0.87-0.83-0.89-0.72-0.46-0.82
-0.730.71-0.37-0.97-0.44-0.93-0.6-0.850.79-0.72-0.78-0.86-0.370.37-0.69-0.88-0.93-0.660.28-0.89-0.81-0.93-0.85-0.33-0.88
0.55-0.34-0.370.810.270.610.310.59-0.73-0.720.760.590.28-0.480.520.620.720.320.220.630.640.690.930.360.57
0.86-0.550.050.730.680.750.720.87-0.99-0.780.760.860.47-0.460.840.810.740.470.030.840.840.870.760.420.82
0.71-0.50.340.760.510.90.581.0-0.85-0.860.590.860.56-0.270.670.850.920.49-0.050.870.760.880.760.120.99
0.07-0.240.060.39-0.080.630.00.57-0.49-0.370.280.470.56-0.410.050.120.430.26-0.160.220.030.250.32-0.430.56
-0.380.660.14-0.45-0.34-0.31-0.37-0.270.590.37-0.48-0.46-0.27-0.41-0.36-0.35-0.27-0.540.48-0.42-0.25-0.44-0.3-0.42-0.3
1.0-0.710.30.580.940.530.960.67-0.85-0.690.520.840.670.05-0.360.870.530.62-0.180.870.950.870.510.770.63
0.9-0.680.370.770.750.730.820.84-0.83-0.880.620.810.850.12-0.350.870.830.63-0.180.990.940.980.730.570.85
0.58-0.460.250.890.30.920.410.91-0.73-0.930.720.740.920.43-0.270.530.830.46-0.030.840.710.860.910.10.94
0.65-0.920.50.610.560.560.690.47-0.55-0.660.320.470.490.26-0.540.620.630.46-0.640.690.610.70.340.530.53
-0.190.76-0.67-0.25-0.19-0.27-0.37-0.030.110.280.220.03-0.05-0.160.48-0.18-0.18-0.03-0.64-0.21-0.06-0.220.2-0.24-0.12
0.9-0.720.360.780.750.760.820.87-0.87-0.890.630.840.870.22-0.420.870.990.840.69-0.210.930.990.740.550.88
0.96-0.640.280.710.820.640.870.76-0.83-0.810.640.840.760.03-0.250.950.940.710.61-0.060.930.940.70.690.74
0.9-0.740.340.840.720.810.80.87-0.89-0.930.690.870.880.25-0.440.870.980.860.7-0.220.990.940.780.540.88
0.55-0.33-0.130.890.240.770.310.76-0.72-0.850.930.760.760.32-0.30.510.730.910.340.20.740.70.780.210.76
0.76-0.620.060.290.80.020.790.11-0.46-0.330.360.420.12-0.43-0.420.770.570.10.53-0.240.550.690.540.210.1
0.68-0.530.390.780.470.910.560.99-0.82-0.880.570.820.990.56-0.30.630.850.940.53-0.120.880.740.880.760.1
Click cells to compare fundamentals

Equillium Account Relationship Matchups

Equillium fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets55.5M85.4M85.4M78.4M50.5M67.5M
Short Long Term Debt Total9.7M9.9M10.6M10.2M824K782.8K
Other Current Liab2.0M2.8M5.9M(6.1M)6.7M7.0M
Total Current Liabilities3.9M7.2M8.9M32.0M27.6M29.0M
Total Stockholder Equity41.8M69.9M66.5M31.9M22.6M21.4M
Other Liab200K127K54K10.4M11.9M12.5M
Net Tangible Assets41.8M69.9M66.5M31.9M36.7M50.0M
Property Plant And Equipment Net93K239K1.6M1.2M1.1M682.7K
Net Debt(3.5M)(15.7M)(40.4M)(48.9M)(22.4M)(23.5M)
Retained Earnings(41.1M)(70.9M)(110.0M)(172.4M)(185.7M)(176.5M)
Accounts Payable1.9M2.8M1.2M17.3M4.7M4.6M
Cash13.2M24.0M50.4M59.1M23.2M32.3M
Non Current Assets Total108K254K1.6M1.2M1.2M698.4K
Non Currrent Assets Other(93K)(239K)153K104K70K73.5K
Long Term Debt9.7M8.3M8.8M3.2M3.7M7.0M
Cash And Short Term Investments53.1M82.2M80.7M71.0M40.9M63.0M
Common Stock Shares Outstanding17.4M20.4M28.8M33.7M34.7M25.8M
Short Term Investments39.9M58.2M30.3M11.9M17.7M22.3M
Liabilities And Stockholders Equity55.5M85.4M85.4M78.4M50.5M67.5M
Non Current Liabilities Total9.8M8.3M10.0M14.4M384K364.8K
Capital Surpluse80.4M82.9M141.1M176.6M203.1M105.8M
Other Current Assets2.4M3.3M3.0M3.4M2.2M2.4M
Other Stockholder Equity82.9M141.1M176.6M204.3M208.2M140.4M
Total Liab13.7M15.6M18.9M46.5M28.0M21.1M
Net Invested Capital51.5M79.8M8.8M40.9M22.6M31.3M
Property Plant And Equipment Gross93K239K1.6M1.2M1.5M739.9K
Total Current Assets55.5M85.4M83.8M77.2M49.3M66.9M
Accumulated Other Comprehensive Income21K(297K)(138K)76K140K147K
Non Current Liabilities Other127K54K1.2M4.1M4.7M4.9M
Net Working Capital51.5M77.9M74.8M44.7M21.8M20.7M
Common Stock789.01K2K3K3.5K1.9K
Property Plant Equipment93K239K237K1.6M1.8M1.9M
Other Assets(108K)(254K)153K3.4M1.00.95

Pair Trading with Equillium

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

Moving against Equillium Stock

  0.61DNA Ginkgo Bioworks HoldingsPairCorr
  0.49CDT Conduit PharmaceuticalsPairCorr
  0.37ESPR Esperion TherapeuticsPairCorr
The ability to find closely correlated positions to Equillium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equillium 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 Equillium - 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 Equillium to buy it.
The correlation of Equillium 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 Equillium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equillium 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 Equillium 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

Additional Tools for Equillium Stock Analysis

When running Equillium's price analysis, check to measure Equillium'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 Equillium is operating at the current time. Most of Equillium's value examination focuses on studying past and present price action to predict the probability of Equillium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equillium's price. Additionally, you may evaluate how the addition of Equillium to your portfolios can decrease your overall portfolio volatility.