Amarin Gross Profit from 2010 to 2024
| AMRN Stock | USD 0.88 0.01 1.15% |
Gross Profit | First Reported 1993-03-31 | Previous Quarter 29.8 M | Current Value 44.8 M | Quarterly Volatility 33.6 M |
Check Amarin PLC financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Amarin main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.9 M, Interest Expense of 7.6 K or Selling General Administrative of 68.4 M, as well as many exotic indicators such as Price To Sales Ratio of 1.09, Dividend Yield of 0.0042 or PTB Ratio of 0.67. Amarin financial statements analysis is a perfect complement when working with Amarin PLC Valuation or Volatility modules.
Amarin | Gross Profit |
Latest Amarin PLC's Gross Profit Growth Pattern
Below is the plot of the Gross Profit of Amarin PLC over the last few years. Gross profit is a required income statement account that reflects total revenue of Amarin PLC minus its cost of goods sold. It is profit before Amarin PLC operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Amarin PLC's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Amarin PLC's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 260.56 M | 10 Years Trend |
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Gross Profit |
| Timeline |
Amarin Gross Profit Regression Statistics
| Arithmetic Mean | 158,353,578 | |
| Geometric Mean | 82,351,756 | |
| Coefficient Of Variation | 100.55 | |
| Mean Deviation | 126,377,565 | |
| Median | 102,962,463 | |
| Standard Deviation | 159,222,558 | |
| Sample Variance | 25351.8T | |
| Range | 471M | |
| R-Value | 0.67 | |
| Mean Square Error | 15029.5T | |
| R-Squared | 0.45 | |
| Significance | 0.01 | |
| Slope | 23,870,309 | |
| Total Sum of Squares | 354925.5T |
Amarin Gross Profit History
Other Fundumenentals of Amarin PLC
Amarin PLC Gross Profit component correlations
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About Amarin PLC Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Amarin PLC income statement, its balance sheet, and the statement of cash flows. Amarin PLC investors use historical funamental indicators, such as Amarin PLC's Gross Profit, to determine how well the company is positioned to perform in the future. Although Amarin PLC investors may use each financial statement separately, they are all related. The changes in Amarin PLC's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Amarin PLC'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 Amarin PLC Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Amarin PLC. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Gross Profit | 202.6 M | 103 M | |
| Gross Profit Margin | 0.66 | 0.74 |
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 Amarin PLC 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, Amarin PLC's short interest history, or implied volatility extrapolated from Amarin PLC options trading.
Pair Trading with Amarin PLC
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 Amarin PLC 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 Amarin PLC will appreciate offsetting losses from the drop in the long position's value.Moving against Amarin Stock
| 0.83 | ANIP | ANI Pharmaceuticals Financial Report 13th of May 2024 | PairCorr |
| 0.68 | SUPN | Supernus Pharmaceuticals Financial Report 14th of May 2024 | PairCorr |
| 0.67 | AVTE | Aerovate Therapeutics Financial Report 20th of May 2024 | PairCorr |
| 0.66 | PBH | Prestige Brand Holdings Financial Report 2nd of May 2024 | PairCorr |
| 0.58 | OPT | Opthea | PairCorr |
The ability to find closely correlated positions to Amarin PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amarin PLC 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 Amarin PLC - 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 Amarin PLC to buy it.
The correlation of Amarin PLC 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 Amarin PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amarin PLC 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 Amarin PLC 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 Amarin PLC Correlation against competitors. To learn how to invest in Amarin Stock, please use our How to Invest in Amarin PLC guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Amarin Stock analysis
When running Amarin PLC's price analysis, check to measure Amarin PLC'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 Amarin PLC is operating at the current time. Most of Amarin PLC's value examination focuses on studying past and present price action to predict the probability of Amarin PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amarin PLC's price. Additionally, you may evaluate how the addition of Amarin PLC to your portfolios can decrease your overall portfolio volatility.
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Is Amarin PLC'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 Amarin PLC. If investors know Amarin 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 Amarin PLC 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 (0.94) | Earnings Share (0.15) | Revenue Per Share 0.753 | Quarterly Revenue Growth (0.17) | Return On Assets (0.01) |
The market value of Amarin PLC is measured differently than its book value, which is the value of Amarin that is recorded on the company's balance sheet. Investors also form their own opinion of Amarin PLC's value that differs from its market value or its book value, called intrinsic value, which is Amarin PLC'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 Amarin PLC's market value can be influenced by many factors that don't directly affect Amarin PLC'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 Amarin PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amarin PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amarin PLC'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.