POET Net Invested Capital vs Total Assets Analysis
| POET Stock | USD 2.13 0.10 4.48% |
POET Technologies financial indicator trend analysis is much more than just breaking down POET Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether POET Technologies is a good investment. Please check the relationship between POET Technologies Net Invested Capital and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in POET Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy POET Stock please use our How to Invest in POET Technologies guide.
Net Invested Capital vs Total Assets
Net Invested Capital vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of POET Technologies Net Invested Capital account and Total Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between POET Technologies' Net Invested Capital and Total Assets is 0.19. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Assets in the same time period over historical financial statements of POET Technologies, assuming nothing else is changed. The correlation between historical values of POET Technologies' Net Invested Capital 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 Invested Capital of POET Technologies 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 Invested Capital i.e., POET Technologies' Net Invested Capital and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.19 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Total Assets
Total assets refers to the total amount of POET Technologies 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 POET Technologies 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 POET Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into POET Technologies 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in POET Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy POET Stock please use our How to Invest in POET Technologies guide.At this time, POET Technologies' Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 63.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 7.9 M in 2024.
| 2021 | 2023 | 2024 (projected) | Total Operating Expenses | 17.2M | 19.3M | 11.7M | Cost Of Revenue | 2.0M | 2.3M | 1.9M |
POET Technologies fundamental ratios Correlations
Click cells to compare fundamentals
POET Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
POET Technologies fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 24.1M | 11.6M | 27.2M | 15.4M | 8.7M | 17.0M | |
| Other Current Liab | 218.1K | 127.1K | 803.7K | 638.9K | 956.1K | 532.0K | |
| Total Current Liabilities | 4.9M | 5.4M | 1.9M | 3.8M | 2.5M | 1.9M | |
| Total Stockholder Equity | 19.0M | 5.8M | 25.0M | 11.4M | 4.9M | 4.7M | |
| Property Plant And Equipment Net | 3.4M | 3.7M | 3.4M | 5.3M | 5.1M | 3.3M | |
| Net Debt | 1.9M | (2.8M) | (14.6M) | (8.9M) | (2.5M) | (2.6M) | |
| Retained Earnings | (139.1M) | (157.3M) | (173.0M) | (194.0M) | (213.2M) | (202.5M) | |
| Accounts Payable | 1.5M | 1.6M | 987.5K | 2.7M | 1.4M | 973.8K | |
| Cash | 1.4M | 6.9M | 14.9M | 9.2M | 3.0M | 2.9M | |
| Non Current Assets Total | 3.8M | 4.1M | 5.4M | 5.8M | 5.6M | 5.4M | |
| Cash And Short Term Investments | 1.4M | 6.9M | 21.3M | 9.2M | 3.0M | 2.9M | |
| Net Receivables | 18.1M | 122.4K | 141.6K | 191.2K | 57.2K | 54.3K | |
| Common Stock Shares Outstanding | 28.8M | 29.2M | 34.5M | 36.7M | 40.1M | 42.1M | |
| Liabilities And Stockholders Equity | 24.1M | 11.6M | 27.2M | 15.4M | 8.7M | 17.0M | |
| Non Current Liabilities Total | 133.3K | 429.4K | 258.3K | 128.3K | 1.3M | 1.4M | |
| Other Current Assets | 313.2K | 59.5K | 479.9K | 275.5K | 149.9K | 142.4K | |
| Other Stockholder Equity | 48.0M | 50.5M | 52.3M | 56.9M | 55.2M | 40.7M | |
| Total Liab | 5.0M | 5.8M | 2.2M | 3.9M | 3.8M | 2.4M | |
| Total Current Assets | 20.3M | 7.5M | 21.8M | 9.6M | 3.2M | 3.0M | |
| Accumulated Other Comprehensive Income | (1.9M) | (2.0M) | (2.1M) | (2.7M) | (1.9M) | (1.8M) | |
| Intangible Assets | 452.4K | 438.7K | 528.5K | 510.7K | 502.1K | 512.9K | |
| Common Stock | 112.1M | 114.6M | 147.7M | 151.2M | 164.9M | 104.5M | |
| Net Tangible Assets | 12.1M | 18.6M | 5.4M | 24.4M | 28.1M | 16.4M | |
| Property Plant Equipment | 9.3M | 3.4M | 3.7M | 3.4M | 3.1M | 4.5M | |
| Net Invested Capital | 22.1M | 9.4M | 25.0M | 11.5M | 5.0M | 4.7M | |
| Capital Stock | 112.1M | 114.6M | 147.7M | 151.2M | 165.7M | 147.3M | |
| Net Working Capital | 15.4M | 2.1M | 19.9M | 5.8M | 633.1K | 601.5K |
Pair Trading with POET Technologies
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 POET Technologies 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 POET Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with POET Stock
| 0.85 | PI | Impinj Inc | PairCorr |
Moving against POET Stock
| 0.73 | IT | Gartner | PairCorr |
| 0.71 | INTC | Intel Financial Report 25th of July 2024 | PairCorr |
| 0.65 | CRDO | Credo Technology Earnings Call This Week | PairCorr |
| 0.51 | WDAY | Workday Earnings Call Tomorrow | PairCorr |
| 0.48 | AMD | Advanced Micro Devices Aggressive Push | PairCorr |
The ability to find closely correlated positions to POET Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace POET Technologies 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 POET Technologies - 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 POET Technologies to buy it.
The correlation of POET Technologies 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 POET Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if POET Technologies 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 POET Technologies 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in POET Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy POET Stock please use our How to Invest in POET Technologies guide.Note that the POET Technologies information on this page should be used as a complementary analysis to other POET Technologies' 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for POET Stock analysis
When running POET Technologies' price analysis, check to measure POET Technologies' 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 POET Technologies is operating at the current time. Most of POET Technologies' value examination focuses on studying past and present price action to predict the probability of POET Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move POET Technologies' price. Additionally, you may evaluate how the addition of POET Technologies to your portfolios can decrease your overall portfolio volatility.
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Is POET Technologies' 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 POET Technologies. If investors know POET 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 POET Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.49) | Revenue Per Share 0.007 | Quarterly Revenue Growth (0.95) | Return On Assets (0.98) | Return On Equity (2.17) |
The market value of POET Technologies is measured differently than its book value, which is the value of POET that is recorded on the company's balance sheet. Investors also form their own opinion of POET Technologies' value that differs from its market value or its book value, called intrinsic value, which is POET Technologies' 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 POET Technologies' market value can be influenced by many factors that don't directly affect POET Technologies' 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 POET Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if POET Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, POET Technologies' 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.