Xos Common Stock Shares Outstanding vs Net Debt Analysis

XOS Stock

USD 7.60 0.01 0.13%

Xos financial indicator trend analysis is more than just analyzing Xos Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xos Inc is a good investment. Please check the relationship between Xos Common Stock Shares Outstanding and its Net Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xos Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Common Stock Shares Outstanding vs Net Debt

Common Stock Shares Outstanding vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xos Inc Common Stock Shares Outstanding account and Net Debt. At this time, the significance of the direction appears to have weak relationship.

The correlation between Xos' Common Stock Shares Outstanding and Net Debt is 0.31. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Net Debt in the same time period over historical financial statements of Xos Inc, assuming nothing else is changed. The correlation between historical values of Xos' Common Stock Shares Outstanding and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Xos Inc are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock Shares Outstanding i.e., Xos' Common Stock Shares Outstanding and Net Debt go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

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.

Most indicators from Xos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xos Inc 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xos Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Selling General Administrative is likely to drop to about 25 M in 2024. Tax Provision is likely to drop to 6,050 in 2024

	2021	2022	2023	2024 (projected)
Total Operating Expenses	50.8M	81.3M	63.7M	46.8M
Cost Of Revenue	7.4M	66.4M	45.8M	27.0M

Total Operating Expenses Cost Of Revenue

Xos fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Inventory	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Short Term Debt
Other Current Liab		0.97	0.89	0.58	-0.71	0.34	0.79	0.67	0.55	0.71	0.63	0.87	0.5	0.81	0.34	0.87	0.46	0.63	0.5	0.67	0.87	0.66	0.48	0.72	0.9	0.85
Total Current Liabilities	0.97		0.86	0.57	-0.6	0.39	0.8	0.73	0.68	0.68	0.69	0.84	0.57	0.78	0.2	0.93	0.5	0.73	0.61	0.57	0.83	0.67	0.52	0.64	0.93	0.91
Other Liab	0.89	0.86		0.81	-0.77	0.63	0.8	0.78	0.51	0.88	0.79	0.69	0.7	0.76	0.21	0.83	0.72	0.4	0.6	0.8	0.9	0.84	0.73	0.68	0.92	0.59
Net Tangible Assets	0.58	0.57	0.81		-0.68	0.83	0.87	0.91	0.54	0.97	0.94	0.51	0.93	0.79	0.0	0.76	0.93	0.4	0.75	0.79	0.86	0.98	0.93	0.61	0.83	0.24
Retained Earnings	-0.71	-0.6	-0.77	-0.68		-0.22	-0.69	-0.47	0.0	-0.83	-0.48	-0.78	-0.39	-0.79	-0.72	-0.59	-0.38	-0.32	-0.14	-0.98	-0.83	-0.62	-0.39	-0.95	-0.67	-0.37
Accounts Payable	0.34	0.39	0.63	0.83	-0.22		0.6	0.83	0.69	0.7	0.88	0.08	0.92	0.41	-0.51	0.55	0.97	0.16	0.86	0.37	0.54	0.85	0.97	0.1	0.64	0.07
Inventory	0.79	0.8	0.8	0.87	-0.69	0.6		0.92	0.68	0.9	0.9	0.82	0.83	0.97	0.14	0.93	0.75	0.77	0.77	0.74	0.96	0.92	0.77	0.74	0.93	0.62
Total Current Assets	0.67	0.73	0.78	0.91	-0.47	0.83	0.92		0.83	0.86	0.99	0.57	0.97	0.8	-0.2	0.9	0.92	0.66	0.94	0.58	0.84	0.97	0.93	0.49	0.92	0.51
Common Stock	0.55	0.68	0.51	0.54	0.0	0.69	0.68	0.83		0.45	0.8	0.37	0.78	0.51	-0.53	0.77	0.71	0.68	0.94	0.08	0.52	0.68	0.72	0.08	0.73	0.62
Property Plant Equipment	0.71	0.68	0.88	0.97	-0.83	0.7	0.9	0.86	0.45		0.88	0.67	0.83	0.87	0.23	0.81	0.82	0.46	0.64	0.91	0.93	0.94	0.83	0.78	0.88	0.37
Total Assets	0.63	0.69	0.79	0.94	-0.48	0.88	0.9	0.99	0.8	0.88		0.52	0.99	0.77	-0.21	0.87	0.95	0.58	0.93	0.6	0.82	0.98	0.96	0.47	0.9	0.43
Short Long Term Debt Total	0.87	0.84	0.69	0.51	-0.78	0.08	0.82	0.57	0.37	0.67	0.52		0.38	0.91	0.58	0.82	0.27	0.8	0.34	0.72	0.86	0.57	0.3	0.89	0.79	0.82
Total Stockholder Equity	0.5	0.57	0.7	0.93	-0.39	0.92	0.83	0.97	0.78	0.83	0.99	0.38		0.69	-0.32	0.78	0.98	0.5	0.93	0.53	0.74	0.96	0.98	0.37	0.81	0.3
Property Plant And Equipment Net	0.81	0.78	0.76	0.79	-0.79	0.41	0.97	0.8	0.51	0.87	0.77	0.91	0.69		0.36	0.89	0.6	0.77	0.59	0.81	0.96	0.83	0.62	0.87	0.88	0.63
Net Debt	0.34	0.2	0.21	0.0	-0.72	-0.51	0.14	-0.2	-0.53	0.23	-0.21	0.58	-0.32	0.36		0.1	-0.36	0.13	-0.51	0.6	0.31	-0.08	-0.35	0.75	0.1	0.22
Cash	0.87	0.93	0.83	0.76	-0.59	0.55	0.93	0.9	0.77	0.81	0.87	0.82	0.78	0.89	0.1		0.69	0.83	0.78	0.63	0.89	0.84	0.71	0.68	0.98	0.8
Non Current Assets Total	0.46	0.5	0.72	0.93	-0.38	0.97	0.75	0.92	0.71	0.82	0.95	0.27	0.98	0.6	-0.36	0.69		0.32	0.89	0.52	0.69	0.94	1.0	0.29	0.76	0.19
Non Currrent Assets Other	0.63	0.73	0.4	0.4	-0.32	0.16	0.77	0.66	0.68	0.46	0.58	0.8	0.5	0.77	0.13	0.83	0.32		0.59	0.33	0.64	0.52	0.35	0.56	0.7	0.81
Cash And Short Term Investments	0.5	0.61	0.6	0.75	-0.14	0.86	0.77	0.94	0.94	0.64	0.93	0.34	0.93	0.59	-0.51	0.78	0.89	0.59		0.27	0.63	0.85	0.9	0.17	0.78	0.45
Net Receivables	0.67	0.57	0.8	0.79	-0.98	0.37	0.74	0.58	0.08	0.91	0.6	0.72	0.53	0.81	0.6	0.63	0.52	0.33	0.27		0.86	0.72	0.53	0.92	0.71	0.3
Common Stock Shares Outstanding	0.87	0.83	0.9	0.86	-0.83	0.54	0.96	0.84	0.52	0.93	0.82	0.86	0.74	0.96	0.31	0.89	0.69	0.64	0.63	0.86		0.89	0.71	0.83	0.94	0.62
Non Current Liabilities Total	0.66	0.67	0.84	0.98	-0.62	0.85	0.92	0.97	0.68	0.94	0.98	0.57	0.96	0.83	-0.08	0.84	0.94	0.52	0.85	0.72	0.89		0.95	0.58	0.9	0.38
Other Current Assets	0.48	0.52	0.73	0.93	-0.39	0.97	0.77	0.93	0.72	0.83	0.96	0.3	0.98	0.62	-0.35	0.71	1.0	0.35	0.9	0.53	0.71	0.95		0.31	0.78	0.21
Other Stockholder Equity	0.72	0.64	0.68	0.61	-0.95	0.1	0.74	0.49	0.08	0.78	0.47	0.89	0.37	0.87	0.75	0.68	0.29	0.56	0.17	0.92	0.83	0.58	0.31		0.69	0.51
Total Liab	0.9	0.93	0.92	0.83	-0.67	0.64	0.93	0.92	0.73	0.88	0.9	0.79	0.81	0.88	0.1	0.98	0.76	0.7	0.78	0.71	0.94	0.9	0.78	0.69		0.74
Short Term Debt	0.85	0.91	0.59	0.24	-0.37	0.07	0.62	0.51	0.62	0.37	0.43	0.82	0.3	0.63	0.22	0.8	0.19	0.81	0.45	0.3	0.62	0.38	0.21	0.51	0.74

Click cells to compare fundamentals

Xos Account Relationship Matchups

Xos fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	3.5M	12.5M	4.5M	15.3M	11.1M	8.6M
Total Current Liabilities	6.0M	32.9M	16.0M	45.8M	19.6M	22.3M
Net Tangible Assets	(10.5M)	(27.2M)	174.4M	112.1M	128.9M	135.3M
Retained Earnings	(10.8M)	(27.5M)	(4.1M)	(77.4M)	(153.3M)	(145.6M)
Accounts Payable	1.5M	1.2M	10.1M	2.9M	2.8M	3.5M
Inventory	1.6M	1.9M	30.9M	57.5M	37.8M	23.8M
Total Current Assets	1.8M	12.7M	166.0M	163.2M	71.7M	76.4M
Common Stock	4K	7K	16K	17K	1K	950.0

Pair Trading with Xos

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

Moving together with Xos Stock

0.74

GreenPower Motor Financial Report 12th of July 2024

Pair Corr

Moving against Xos Stock

0.75	REVG	Rev Group Financial Report 13th of June 2024	Pair Corr
0.61	GENC	Gencor Industries	Pair Corr
0.51	HY	Hyster Yale Materials	Pair Corr

The ability to find closely correlated positions to Xos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xos 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 Xos - 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 Xos Inc to buy it.

The correlation of Xos 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 Xos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xos 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 Xos 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 Correlation Correlation Matching

Additional Tools for Xos Stock Analysis

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

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