SOS Short Term Debt vs Total Assets Analysis
SOS Stock | USD 0.91 0.01 1.09% |
SOS financial indicator trend analysis is much more than just breaking down SOS Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SOS Limited is a good investment. Please check the relationship between SOS Short Term Debt and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SOS Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Short Term Debt vs Total Assets
Short Term Debt vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SOS Limited Short Term Debt account and Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between SOS's Short Term Debt and Total Assets is -0.13. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of SOS Limited, assuming nothing else is changed. The correlation between historical values of SOS's Short Term 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 Short Term Debt of SOS Limited 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 Short Term Debt i.e., SOS's Short Term Debt and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Debt
Total Assets
Total assets refers to the total amount of SOS 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 SOS Limited 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 SOS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SOS Limited 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SOS Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, SOS's Tax Provision is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 4.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 17.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 62.4M | 204.0M | 19.0M | 18.0M | Cost Of Revenue | 336.8M | 270.6M | 78.2M | 90.9M |
SOS fundamental ratios Correlations
Click cells to compare fundamentals
SOS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SOS fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Stockholder Equity | 283.9M | 53.6M | 672.4M | 705.5M | 730.3M | 766.9M | |
Property Plant And Equipment Gross | 3.4M | 4.7M | 37.1M | 48.7M | 73.0M | 76.7M | |
Short Term Debt | 43.5M | 834K | 894K | 544K | 377K | 358.2K | |
Property Plant Equipment | 3.4M | 4.7M | 31.7M | 13.5M | 15.5M | 10.2M | |
Cash And Equivalents | 15.4M | 3.7M | 338.0M | 259.5M | 298.4M | 313.3M | |
Capital Surpluse | 296.4M | 53.6M | 672.4M | 705.5M | 811.3M | 420.4M | |
Net Invested Capital | 5.5M | 60.2M | 633.4M | 409.6M | 426.0M | 251.1M | |
Net Working Capital | 3.1M | 58.9M | 603.7M | 395.6M | 393.9M | 236.4M | |
Capital Stock | 11K | 60K | 300K | 374K | 665K | 698.3K |
Pair Trading with SOS
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 SOS 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 SOS will appreciate offsetting losses from the drop in the long position's value.Moving against SOS Stock
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The ability to find closely correlated positions to SOS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SOS 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 SOS - 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 SOS Limited to buy it.
The correlation of SOS 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 SOS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SOS Limited 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 SOS 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SOS Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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When running SOS's price analysis, check to measure SOS'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 SOS is operating at the current time. Most of SOS's value examination focuses on studying past and present price action to predict the probability of SOS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SOS's price. Additionally, you may evaluate how the addition of SOS to your portfolios can decrease your overall portfolio volatility.
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Is SOS'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 SOS. If investors know SOS 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 SOS 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 0.325 | Earnings Share (0.01) | Revenue Per Share 0.137 | Quarterly Revenue Growth (0.71) | Return On Assets (0.01) |
The market value of SOS Limited is measured differently than its book value, which is the value of SOS that is recorded on the company's balance sheet. Investors also form their own opinion of SOS's value that differs from its market value or its book value, called intrinsic value, which is SOS'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 SOS's market value can be influenced by many factors that don't directly affect SOS'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 SOS's value and its price as these two are different measures arrived at by different means. Investors typically determine if SOS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SOS'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.