Socket Common Stock Total Equity vs Other Current Assets Analysis
SCKT Stock | USD 1.47 0.02 1.38% |
Socket Mobile financial indicator trend analysis is much more than just breaking down Socket Mobile prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Socket Mobile is a good investment. Please check the relationship between Socket Mobile Common Stock Total Equity and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Socket Mobile. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.
Common Stock Total Equity vs Other Current Assets
Common Stock Total Equity vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Socket Mobile Common Stock Total Equity account and Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Socket Mobile's Common Stock Total Equity and Other Current Assets is 0.26. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Socket Mobile, assuming nothing else is changed. The correlation between historical values of Socket Mobile's Common Stock Total Equity and Other Current 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 Common Stock Total Equity of Socket Mobile are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Common Stock Total Equity i.e., Socket Mobile's Common Stock Total Equity and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Socket Mobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Socket Mobile 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 Socket Mobile. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.Selling General Administrative is likely to drop to about 2.6 M in 2024. Tax Provision is likely to drop to about (726.6 K) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 12.4M | 10.4M | 8.5M | 8.6M | Total Revenue | 23.2M | 21.2M | 17.0M | 17.8M |
Socket Mobile fundamental ratios Correlations
Click cells to compare fundamentals
Socket Mobile Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Socket Mobile fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 19.5M | 15.1M | 25.6M | 28.6M | 28.7M | 17.1M | |
Short Long Term Debt Total | 2.9M | 2.2M | 2.2M | 5.2M | 6.3M | 6.6M | |
Other Current Liab | 574.2K | (1.5M) | 692.9K | 742.0K | 580.0K | 609.0K | |
Total Current Liabilities | 4.7M | 2.2M | 4.6M | 4.4M | 6.5M | 5.7M | |
Total Stockholder Equity | 13.2M | 10.6M | 20.0M | 20.3M | 19.4M | 20.4M | |
Property Plant And Equipment Net | 1.8M | 1.5M | 1.3M | 5.2M | 6.1M | 6.4M | |
Net Debt | 1.9M | 61K | (3.9M) | 1.6M | 3.5M | 3.6M | |
Retained Earnings | (47.8M) | (51.1M) | (46.1M) | (46.0M) | (47.9M) | (50.3M) | |
Accounts Payable | 2.1M | 1.4M | 2.2M | 1.7M | 1.6M | 2.6M | |
Cash | 959K | 2.1M | 6.1M | 3.6M | 2.8M | 2.2M | |
Non Current Assets Total | 11.9M | 7.1M | 11.2M | 15.8M | 18.4M | 19.3M | |
Cash And Short Term Investments | 959K | 2.1M | 6.1M | 3.6M | 2.8M | 2.2M | |
Net Receivables | 2.8M | 2.1M | 2.6M | 2.7M | 1.7M | 2.4M | |
Common Stock Shares Outstanding | 6.2M | 6.0M | 8.9M | 7.5M | 7.2M | 4.4M | |
Liabilities And Stockholders Equity | 19.5M | 15.1M | 25.6M | 28.6M | 28.7M | 30.2M | |
Non Current Liabilities Total | 1.5M | 2.2M | 915K | 3.9M | 2.8M | 3.0M | |
Inventory | 3.2M | 3.2M | 5.2M | 5.6M | 5.5M | 5.8M | |
Other Current Assets | 312K | 335K | 395K | 617K | 317.0K | 291.8K | |
Other Stockholder Equity | 2.5M | 63.7M | 61.7M | (830K) | 67.3M | 70.7M | |
Total Liab | 6.2M | 4.4M | 5.5M | 8.3M | 9.3M | 7.2M | |
Total Current Assets | 7.5M | 7.9M | 14.4M | 12.8M | 10.4M | 8.0M | |
Short Term Debt | 1.4M | 1.9M | 1.3M | 1.4M | 3.5M | 3.6M | |
Non Currrent Assets Other | 202K | 159K | 140K | 250K | 571.9K | 600.5K | |
Property Plant And Equipment Gross | 1.8M | 847.7K | 1.3M | 5.2M | 9.4M | 9.9M | |
Current Deferred Revenue | 611K | 451K | 407K | 629K | 845.6K | 803.3K | |
Common Stock Total Equity | 7.0K | 5.9K | 6.0K | 6.1K | 5.5K | 10.6K | |
Common Stock | 61.1M | 61.7M | 66.1M | 67.2M | 7.3K | 7.0K | |
Other Assets | 5.7M | 6.3M | 8.1M | 8.9M | 10.3M | 10.8M | |
Long Term Debt | 333K | 1.4M | 625K | 125K | 143.8K | 235.4K | |
Property Plant Equipment | 1.8M | 1.5M | 1.3M | 5.2M | 6.0M | 6.3M | |
Other Liab | 40.7K | 28.8K | 32K | 34K | 30.6K | 29.1K | |
Retained Earnings Total Equity | (47.6M) | (48.1M) | (47.8M) | (51.1M) | (46.0M) | (48.3M) | |
Deferred Long Term Liab | 25.6K | 31.3K | 40.7K | 28.8K | 25.9K | 24.6K | |
Net Tangible Assets | 8.8M | 10.6M | 18.2M | 18.6M | 21.4M | 22.5M | |
Capital Surpluse | 64.8M | 60.5M | 61.1M | 61.7M | 55.6M | 49.6M | |
Non Current Liabilities Other | 271.4K | 205.9K | 715.1K | 258.1K | 296.8K | 360.7K | |
Accumulated Depreciation | (2.2M) | (2.5M) | (2.7M) | (2.9M) | (3.3M) | (3.4M) |
Pair Trading with Socket Mobile
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 Socket Mobile 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 Socket Mobile will appreciate offsetting losses from the drop in the long position's value.Moving against Socket Stock
0.69 | MKFG | Markforged Holding Corp | PairCorr |
0.68 | CDW | CDW Corp Sell-off Trend | PairCorr |
0.68 | NTGR | NETGEAR | PairCorr |
0.53 | INVE | Identiv | PairCorr |
0.51 | KTCC | Key Tronic Fiscal Year End 20th of August 2024 | PairCorr |
The ability to find closely correlated positions to Socket Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Socket Mobile 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 Socket Mobile - 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 Socket Mobile to buy it.
The correlation of Socket Mobile 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 Socket Mobile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Socket Mobile 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 Socket Mobile 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 Socket Mobile. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Socket Stock analysis
When running Socket Mobile's price analysis, check to measure Socket Mobile'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 Socket Mobile is operating at the current time. Most of Socket Mobile's value examination focuses on studying past and present price action to predict the probability of Socket Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Socket Mobile's price. Additionally, you may evaluate how the addition of Socket Mobile to your portfolios can decrease your overall portfolio volatility.
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Is Socket Mobile'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 Socket Mobile. If investors know Socket 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 Socket Mobile 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 (0.01) | Earnings Share (0.22) | Revenue Per Share 2.42 | Quarterly Revenue Growth 0.154 | Return On Assets (0.06) |
The market value of Socket Mobile is measured differently than its book value, which is the value of Socket that is recorded on the company's balance sheet. Investors also form their own opinion of Socket Mobile's value that differs from its market value or its book value, called intrinsic value, which is Socket Mobile'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 Socket Mobile's market value can be influenced by many factors that don't directly affect Socket Mobile'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 Socket Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Socket Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Socket Mobile'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.