Canoo Other Assets from 2010 to 2024
| GOEV Stock | USD 2.25 0.16 7.66% |
Other Assets | First Reported 2010-12-31 | Previous Quarter 107.4 M | Current Value 112.8 M | Quarterly Volatility 42.1 M |
Check Canoo financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canoo main balance sheet or income statement drivers, such as Interest Expense of 7 M, Tax Provision of 0.0 or Depreciation And Amortization of 14.5 M, as well as many exotic indicators such as Price To Sales Ratio of 183, Dividend Yield of 0.0 or PTB Ratio of 0.47. Canoo financial statements analysis is a perfect complement when working with Canoo Valuation or Volatility modules.
Canoo | Other Assets |
Latest Canoo's Other Assets Growth Pattern
Below is the plot of the Other Assets of Canoo Inc over the last few years. It is Canoo's Other Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canoo's overall financial position and show how it may be relating to other accounts over time.
| Other Assets | 10 Years Trend |
|
Other Assets |
| Timeline |
Canoo Other Assets Regression Statistics
| Arithmetic Mean | 24,052,824 | |
| Geometric Mean | 5,291,347 | |
| Coefficient Of Variation | 174.92 | |
| Mean Deviation | 32,200,786 | |
| Median | 1,831,000 | |
| Standard Deviation | 42,072,600 | |
| Sample Variance | 1770.1T | |
| Range | 111.5M | |
| R-Value | 0.74 | |
| Mean Square Error | 853.2T | |
| R-Squared | 0.55 | |
| Significance | 0 | |
| Slope | 6,992,297 | |
| Total Sum of Squares | 24781.5T |
Canoo Other Assets History
About Canoo Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Canoo income statement, its balance sheet, and the statement of cash flows. Canoo investors use historical funamental indicators, such as Canoo's Other Assets, to determine how well the company is positioned to perform in the future. Although Canoo investors may use each financial statement separately, they are all related. The changes in Canoo's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canoo's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Canoo Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Canoo. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Other Assets | 107.4 M | 112.8 M |
Pair Trading with Canoo
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 Canoo 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 Canoo will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Canoo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canoo 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 Canoo - 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 Canoo Inc to buy it.
The correlation of Canoo 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 Canoo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canoo Inc 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 Canoo 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 the analysis of Canoo Correlation against competitors. Note that the Canoo Inc information on this page should be used as a complementary analysis to other Canoo's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Canoo Stock analysis
When running Canoo's price analysis, check to measure Canoo'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 Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.
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Is Canoo'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 Canoo. If investors know Canoo 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 Canoo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (57.80) | Revenue Per Share 0.027 | Return On Assets (0.30) | Return On Equity (1.48) |
The market value of Canoo Inc is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo's value that differs from its market value or its book value, called intrinsic value, which is Canoo'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 Canoo's market value can be influenced by many factors that don't directly affect Canoo'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 Canoo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canoo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo'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.