Joby Cash vs Common Stock Shares Outstanding Analysis
| JOBY Stock | USD 5.02 0.12 2.33% |
Joby Aviation financial indicator trend analysis is infinitely more than just investigating Joby Aviation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Joby Aviation is a good investment. Please check the relationship between Joby Aviation Cash and its Common Stock Shares Outstanding accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Joby Aviation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Joby Stock please use our How to Invest in Joby Aviation guide.
Cash vs Common Stock Shares Outstanding
Cash vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Joby Aviation Cash account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between Joby Aviation's Cash and Common Stock Shares Outstanding is -0.95. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Joby Aviation, assuming nothing else is changed. The correlation between historical values of Joby Aviation's Cash and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Joby Aviation are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash i.e., Joby Aviation's Cash and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.95 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Joby Aviation, which is listed under current asset account on Joby Aviation balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Joby Aviation customers. The amounts must be unrestricted with restricted cash listed in a different Joby Aviation account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Joby Aviation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Joby Aviation 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Joby Aviation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Joby Stock please use our How to Invest in Joby Aviation guide.At this time, Joby Aviation's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 294.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 78.8 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 46.5M | 60.4M | 30.5M | 43.0M | Interest Income | 1.1M | 16.9M | 45.6M | 47.8M |
Joby Aviation fundamental ratios Correlations
Click cells to compare fundamentals
Joby Aviation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Joby Aviation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Joby Stock please use our How to Invest in Joby Aviation guide.Note that the Joby Aviation information on this page should be used as a complementary analysis to other Joby Aviation's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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When running Joby Aviation's price analysis, check to measure Joby Aviation'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 Joby Aviation is operating at the current time. Most of Joby Aviation's value examination focuses on studying past and present price action to predict the probability of Joby Aviation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Joby Aviation's price. Additionally, you may evaluate how the addition of Joby Aviation to your portfolios can decrease your overall portfolio volatility.
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Is Joby Aviation'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 Joby Aviation. If investors know Joby 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 Joby Aviation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.74) | Revenue Per Share 0.002 | Return On Assets (0.27) | Return On Equity (0.48) |
The market value of Joby Aviation is measured differently than its book value, which is the value of Joby that is recorded on the company's balance sheet. Investors also form their own opinion of Joby Aviation's value that differs from its market value or its book value, called intrinsic value, which is Joby Aviation'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 Joby Aviation's market value can be influenced by many factors that don't directly affect Joby Aviation'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 Joby Aviation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Joby Aviation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Joby Aviation'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.