Sphere Other Current Assets from 2010 to 2024

ANY Stock  USD 1.15  0.05  4.17%   
Sphere 3D Other Current Assets yearly trend continues to be fairly stable with very little volatility. Other Current Assets are likely to outpace its year average in 2024. Other Current Assets is 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. View All Fundamentals
 
Other Current Assets  
First Reported
2009-09-30
Previous Quarter
953 K
Current Value
11.9 M
Quarterly Volatility
1.8 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Sphere 3D financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sphere main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.1 M, Interest Expense of 1.1 M or Selling General Administrative of 10.7 M, as well as many exotic indicators such as Price To Sales Ratio of 1.75, Dividend Yield of 0.0019 or PTB Ratio of 0.95. Sphere financial statements analysis is a perfect complement when working with Sphere 3D Valuation or Volatility modules.
  
This module can also supplement Sphere 3D's financial leverage analysis and stock options assessment as well as various Sphere 3D Technical models . Check out the analysis of Sphere 3D Correlation against competitors.

Latest Sphere 3D's Other Current Assets Growth Pattern

Below is the plot of the Other Current Assets of Sphere 3D Corp over the last few years. It is 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. Sphere 3D's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Sphere 3D's overall financial position and show how it may be relating to other accounts over time.
Other Current Assets10 Years Trend
Slightly volatile
   Other Current Assets   
       Timeline  

Sphere Other Current Assets Regression Statistics

Arithmetic Mean3,182,804
Geometric Mean0.00
Coefficient Of Variation142.23
Mean Deviation3,419,558
Median784,000
Standard Deviation4,527,029
Sample Variance20.5T
Range12.5M
R-Value0.68
Mean Square Error11.8T
R-Squared0.46
Significance0.01
Slope689,288
Total Sum of Squares286.9T

Sphere Other Current Assets History

202412.5 M
202311.9 M
202210.3 M
202152 K
2020129 K
2019345 K
2018784 K

About Sphere 3D Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Sphere 3D income statement, its balance sheet, and the statement of cash flows. Sphere 3D investors use historical funamental indicators, such as Sphere 3D's Other Current Assets, to determine how well the company is positioned to perform in the future. Although Sphere 3D investors may use each financial statement separately, they are all related. The changes in Sphere 3D's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Sphere 3D'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 Sphere 3D Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Sphere 3D. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Other Current Assets11.9 M12.5 M

Pair Trading with Sphere 3D

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 Sphere 3D 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 Sphere 3D will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sphere Stock

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The ability to find closely correlated positions to Sphere 3D could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sphere 3D 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 Sphere 3D - 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 Sphere 3D Corp to buy it.
The correlation of Sphere 3D 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 Sphere 3D moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sphere 3D Corp 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 Sphere 3D 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 CorrelationCorrelation Matching
When determining whether Sphere 3D Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sphere 3D's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sphere 3d Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sphere 3d Corp Stock:
Check out the analysis of Sphere 3D Correlation against competitors.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Sphere Stock analysis

When running Sphere 3D's price analysis, check to measure Sphere 3D'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 Sphere 3D is operating at the current time. Most of Sphere 3D's value examination focuses on studying past and present price action to predict the probability of Sphere 3D's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere 3D's price. Additionally, you may evaluate how the addition of Sphere 3D to your portfolios can decrease your overall portfolio volatility.
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Is Sphere 3D'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 Sphere 3D. If investors know Sphere 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 Sphere 3D listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.93)
Revenue Per Share
1.806
Quarterly Revenue Growth
4.385
Return On Assets
(0.17)
Return On Equity
(0.42)
The market value of Sphere 3D Corp is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere 3D's value that differs from its market value or its book value, called intrinsic value, which is Sphere 3D'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 Sphere 3D's market value can be influenced by many factors that don't directly affect Sphere 3D'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 Sphere 3D's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere 3D is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere 3D'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.