Smart Net Debt vs Total Assets Analysis

EM Stock  USD 1.02  0.03  3.03%   
Smart Share financial indicator trend analysis is much more than just breaking down Smart Share Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smart Share Global is a good investment. Please check the relationship between Smart Share Net Debt and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Smart Share Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smart Share Global Net Debt account and Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Smart Share's Net Debt and Total Assets is -0.76. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Smart Share Global, assuming nothing else is changed. The correlation between historical values of Smart Share's Net Debt and Total 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 Net Debt of Smart Share Global are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Smart Share's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.76
Relationship DirectionNegative 
Relationship StrengthWeak

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Assets

Total assets refers to the total amount of Smart Share assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Smart Share Global books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Smart Share's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smart Share Global 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 Smart Share Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
At this time, Smart Share's Selling General Administrative is very stable compared to the past year. As of the 9th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.19, while Issuance Of Capital Stock is likely to drop 0.00.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization30.4M52.0M275.3M146.6M
Interest Income30.6M52.4M117.2M123.1M

Smart Share fundamental ratios Correlations

-0.12-0.60.670.990.850.83-0.70.28-0.76-0.990.970.79-0.67-0.48-0.351.00.5-0.540.970.930.8-0.950.691.00.79
-0.12-0.58-0.47-0.02-0.540.070.45-0.40.280.2-0.28-0.010.560.440.94-0.19-0.530.44-0.16-0.25-0.56-0.040.48-0.13-0.54
-0.6-0.580.12-0.7-0.14-0.420.010.420.580.56-0.44-0.8-0.070.01-0.33-0.540.090.03-0.46-0.32-0.330.67-0.79-0.610.0
0.67-0.470.120.570.880.79-0.770.75-0.22-0.690.790.13-0.77-0.6-0.490.710.57-0.570.820.880.49-0.640.180.650.97
0.99-0.02-0.70.570.770.79-0.640.18-0.78-0.970.930.84-0.6-0.41-0.270.980.45-0.490.930.880.78-0.950.750.990.69
0.85-0.54-0.140.880.770.78-0.840.59-0.56-0.890.90.51-0.85-0.53-0.640.870.76-0.790.870.90.78-0.750.350.830.95
0.830.07-0.420.790.790.78-0.650.52-0.28-0.820.810.4-0.57-0.37-0.030.810.48-0.590.890.880.38-0.860.640.790.77
-0.70.450.01-0.77-0.64-0.84-0.65-0.820.360.72-0.7-0.30.990.130.57-0.72-0.890.76-0.73-0.82-0.60.5-0.49-0.68-0.81
0.28-0.40.420.750.180.590.52-0.820.21-0.30.34-0.29-0.80.02-0.340.310.75-0.630.410.560.1-0.140.170.230.66
-0.760.280.58-0.22-0.78-0.56-0.280.360.210.76-0.73-0.940.390.480.55-0.77-0.260.26-0.63-0.55-0.930.68-0.38-0.8-0.45
-0.990.20.56-0.69-0.97-0.89-0.820.72-0.30.76-0.97-0.790.690.490.41-0.99-0.570.63-0.95-0.91-0.830.94-0.63-0.98-0.81
0.97-0.28-0.440.790.930.90.81-0.70.34-0.73-0.970.7-0.69-0.66-0.480.980.48-0.510.980.960.82-0.940.50.970.89
0.79-0.01-0.80.130.840.510.4-0.3-0.29-0.94-0.790.7-0.29-0.33-0.290.770.24-0.310.630.520.81-0.750.590.820.34
-0.670.56-0.07-0.77-0.6-0.85-0.570.99-0.80.390.69-0.69-0.290.180.67-0.7-0.90.76-0.7-0.79-0.650.46-0.39-0.65-0.82
-0.480.440.01-0.6-0.41-0.53-0.370.130.020.480.49-0.66-0.330.180.49-0.530.090.0-0.57-0.54-0.560.580.25-0.5-0.66
-0.350.94-0.33-0.49-0.27-0.64-0.030.57-0.340.550.41-0.48-0.290.670.49-0.42-0.560.44-0.35-0.42-0.770.170.25-0.38-0.63
1.0-0.19-0.540.710.980.870.81-0.720.31-0.77-0.990.980.77-0.7-0.53-0.420.51-0.520.980.940.83-0.940.631.00.83
0.5-0.530.090.570.450.760.48-0.890.75-0.26-0.570.480.24-0.90.09-0.560.51-0.940.480.560.51-0.290.380.480.62
-0.540.440.03-0.57-0.49-0.79-0.590.76-0.630.260.63-0.51-0.310.760.00.44-0.52-0.94-0.5-0.54-0.490.4-0.38-0.5-0.61
0.97-0.16-0.460.820.930.870.89-0.730.41-0.63-0.950.980.63-0.7-0.57-0.350.980.48-0.50.980.72-0.950.590.960.88
0.93-0.25-0.320.880.880.90.88-0.820.56-0.55-0.910.960.52-0.79-0.54-0.420.940.56-0.540.980.69-0.880.540.910.93
0.8-0.56-0.330.490.780.780.38-0.60.1-0.93-0.830.820.81-0.65-0.56-0.770.830.51-0.490.720.69-0.670.280.830.69
-0.95-0.040.67-0.64-0.95-0.75-0.860.5-0.140.680.94-0.94-0.750.460.580.17-0.94-0.290.4-0.95-0.88-0.67-0.63-0.95-0.72
0.690.48-0.790.180.750.350.64-0.490.17-0.38-0.630.50.59-0.390.250.250.630.38-0.380.590.540.28-0.630.660.23
1.0-0.13-0.610.650.990.830.79-0.680.23-0.8-0.980.970.82-0.65-0.5-0.381.00.48-0.50.960.910.83-0.950.660.77
0.79-0.540.00.970.690.950.77-0.810.66-0.45-0.810.890.34-0.82-0.66-0.630.830.62-0.610.880.930.69-0.720.230.77
Click cells to compare fundamentals

Smart Share Account Relationship Matchups

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Smart Share in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Smart Share's short interest history, or implied volatility extrapolated from Smart Share options trading.

Pair Trading with Smart Share

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

Moving together with Smart Stock

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Moving against Smart Stock

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  0.54JACK Jack In Financial Report 15th of May 2024 PairCorr
  0.52RICK RCI Hospitality Holdings Fiscal Year End 12th of December 2024 PairCorr
The ability to find closely correlated positions to Smart Share could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smart Share 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 Smart Share - 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 Smart Share Global to buy it.
The correlation of Smart Share 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 Smart Share moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smart Share Global 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 Smart Share 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 Smart Share Global is a strong investment it is important to analyze Smart Share'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 Smart Share's future performance. For an informed investment choice regarding Smart Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Smart Share Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Smart Share's price analysis, check to measure Smart Share'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 Smart Share is operating at the current time. Most of Smart Share's value examination focuses on studying past and present price action to predict the probability of Smart Share's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smart Share's price. Additionally, you may evaluate how the addition of Smart Share to your portfolios can decrease your overall portfolio volatility.
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Is Smart Share'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 Smart Share. If investors know Smart 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 Smart Share listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.05
Revenue Per Share
11.384
Quarterly Revenue Growth
(0.18)
Return On Assets
(0.0001)
Return On Equity
0.0325
The market value of Smart Share Global is measured differently than its book value, which is the value of Smart that is recorded on the company's balance sheet. Investors also form their own opinion of Smart Share's value that differs from its market value or its book value, called intrinsic value, which is Smart Share'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 Smart Share's market value can be influenced by many factors that don't directly affect Smart Share'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 Smart Share's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smart Share is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smart Share'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.