| PPYAU Stock | | | USD 10.96 0.19 1.70% |
Papaya Growth Total Assets yearly trend continues to be comparatively stable with very little volatility. Total Assets will likely drop to about 24.4
M in 2024.
Check out the analysis of
Papaya Growth Correlation against competitors.
Latest Papaya Growth's Total Asset Growth Pattern
Below is the plot of the Total Assets of Papaya Growth Opportunity over the last few years. Total assets refers to the total amount of Papaya Growth 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 Papaya Growth Opportunity 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. It is 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. Papaya Growth's Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Papaya Growth's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 25.66 M | 10 Years Trend | | |
Papaya Total Asset Regression Statistics
| Arithmetic Mean | 23,433,193 |
| Geometric Mean | 802,843 |
| Coefficient Of Variation | 326.41 |
| Mean Deviation | 37,050,836 |
| Median | 276,420 |
| Standard Deviation | 76,488,922 |
| Sample Variance | 5850.6T |
| Range | 297.9M |
| R-Value | 0.38 |
| Mean Square Error | 5400.2T |
| R-Squared | 0.14 |
| Significance | 0.16 |
| Slope | 6,465,498 |
| Total Sum of Squares | 81907.8T |
Papaya Total Asset History
| 2024 | 24.4 M | |
| 2023 | 25.7 M | |
| 2022 | 298.1 M | |
Other Fundumenentals of Papaya Growth Opportunity
Papaya Growth Total Asset component correlations
Click cells to compare fundamentals
About Papaya Growth Financial Statements
There are typically three primary documents that fall into the category of
financial statements. These documents include Papaya Growth income statement, its balance sheet, and the statement of cash flows. Papaya Growth investors use historical funamental indicators, such as Papaya Growth's Total Asset, to determine how well the company is positioned to perform in the future. Although Papaya Growth investors may use each financial statement separately, they are all related. The changes in Papaya Growth's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Papaya Growth'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 Papaya Growth Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Papaya Growth. Please read more on our
technical analysis and
fundamental analysis pages.
| | Last Reported | Projected for Next Year |
| Total Assets | 25.7 M | 24.4 M |
Pair Trading with Papaya Growth
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 Papaya Growth 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 Papaya Growth will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Papaya Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Papaya Growth 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 Papaya Growth - 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 Papaya Growth Opportunity to buy it.
The correlation of Papaya Growth 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 Papaya Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Papaya Growth Opportunity 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 Papaya Growth 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.
Additional Tools for Papaya Stock Analysis
When running Papaya Growth's price analysis, check to
measure Papaya Growth'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 Papaya Growth is operating at the current time. Most of Papaya Growth's value examination focuses on studying past and present price action to
predict the probability of Papaya Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Papaya Growth's price. Additionally, you may evaluate how the addition of Papaya Growth to your portfolios can decrease your overall portfolio volatility.