SemiLEDS Operating Income vs Net Income From Continuing Ops Analysis
LEDS Stock | USD 1.52 0.01 0.65% |
SemiLEDS financial indicator trend analysis is much more than just breaking down SemiLEDS prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SemiLEDS is a good investment. Please check the relationship between SemiLEDS Operating Income and its Net Income From Continuing Ops accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SemiLEDS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy SemiLEDS Stock please use our How to Invest in SemiLEDS guide.
Operating Income vs Net Income From Continuing Ops
Operating Income vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SemiLEDS Operating Income account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have strong relationship.
The correlation between SemiLEDS's Operating Income and Net Income From Continuing Ops is 0.71. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of SemiLEDS, assuming nothing else is changed. The correlation between historical values of SemiLEDS's Operating Income and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of SemiLEDS are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Operating Income i.e., SemiLEDS's Operating Income and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from SemiLEDS operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of SemiLEDS is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income From Continuing Ops
Most indicators from SemiLEDS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SemiLEDS 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SemiLEDS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy SemiLEDS Stock please use our How to Invest in SemiLEDS guide.Selling General Administrative is likely to gain to about 4.8 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 7.1M | 6.0M | 5.4M | 5.1M | Interest Expense | 369K | 287K | 330.1K | 346.6K |
SemiLEDS fundamental ratios Correlations
Click cells to compare fundamentals
SemiLEDS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SemiLEDS fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 14.6M | 18.2M | 16.1M | 13.5M | 12.1M | 11.5M | |
Short Long Term Debt Total | 7.9M | 9.3M | 8.5M | 7.7M | 8.9M | 6.3M | |
Other Current Liab | 3.1M | 313K | 3.4M | 3.7M | 3.4M | 3.0M | |
Total Current Liabilities | 9.0M | 9.5M | 9.3M | 9.7M | 11.2M | 9.2M | |
Total Stockholder Equity | 2.5M | 4.6M | 3.5M | 1.2M | 1.0M | 984.1K | |
Property Plant And Equipment Net | 5.8M | 6.9M | 5.7M | 4.6M | 4.1M | 3.9M | |
Net Debt | 5.0M | 4.5M | 4.2M | 5.2M | 5.9M | 6.2M | |
Retained Earnings | (178.4M) | (181.2M) | (184.0M) | (186.6M) | (168.0M) | (176.4M) | |
Accounts Payable | 536K | 753K | 286K | 436K | 392.4K | 372.8K | |
Cash | 2.8M | 4.8M | 4.3M | 2.6M | 2.3M | 2.2M | |
Non Current Assets Total | 7.1M | 8.2M | 6.9M | 5.9M | 5.3M | 5.0M | |
Non Currrent Assets Other | 164K | 169K | 186K | 170K | 167.4K | 159.0K | |
Cash And Short Term Investments | 2.8M | 4.8M | 4.3M | 2.6M | 2.3M | 2.2M | |
Net Receivables | 1.3M | 865K | 880K | 793K | 713.7K | 678.0K | |
Common Stock Shares Outstanding | 3.9M | 4.2M | 4.5M | 4.9M | 5.6M | 3.2M | |
Liabilities And Stockholders Equity | 14.6M | 18.2M | 16.1M | 13.5M | 12.1M | 11.5M | |
Inventory | 2.5M | 3.9M | 3.8M | 4.0M | 3.6M | 5.3M | |
Other Current Assets | 781K | 329K | 123K | 129K | 116.1K | 110.3K | |
Other Stockholder Equity | 177.2M | 182.3M | 183.7M | 184.2M | 211.9M | 168.0M | |
Total Liab | 12.0M | 13.6M | 12.6M | 12.3M | 14.1M | 13.4M | |
Property Plant And Equipment Gross | 5.8M | 6.9M | 5.7M | 4.6M | 4.1M | 3.9M | |
Total Current Assets | 7.5M | 10.1M | 9.1M | 7.6M | 6.8M | 6.5M | |
Accumulated Other Comprehensive Income | 3.6M | 3.5M | 3.7M | 3.6M | 4.1M | 3.7M | |
Short Term Debt | 4.8M | 5.2M | 5.2M | 5.2M | 6.0M | 6.3M | |
Intangible Assets | 89K | 126K | 102K | 97K | 87.3K | 82.9K | |
Other Assets | 164K | 169K | 1.3M | 170K | 153K | 145.4K | |
Long Term Debt | 2.9M | 2.6M | 1.9M | 1.3M | 1.2M | 1.1M | |
Non Current Liabilities Total | 3.0M | 4.1M | 3.3M | 2.6M | 2.3M | 3.3M | |
Property Plant Equipment | 5.9M | 5.6M | 6.9M | 5.7M | 5.1M | 4.9M | |
Net Tangible Assets | 1.6M | 2.4M | 4.5M | 3.4M | 3.0M | 2.9M | |
Long Term Investments | 952K | 1.0M | 922K | 974K | 876.6K | 1.0M |
Pair Trading with SemiLEDS
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 SemiLEDS 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 SemiLEDS will appreciate offsetting losses from the drop in the long position's value.Moving against SemiLEDS Stock
0.51 | TGAN | Transphorm Technology Financial Report 25th of June 2024 | PairCorr |
The ability to find closely correlated positions to SemiLEDS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SemiLEDS 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 SemiLEDS - 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 SemiLEDS to buy it.
The correlation of SemiLEDS 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 SemiLEDS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SemiLEDS 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 SemiLEDS 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SemiLEDS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy SemiLEDS Stock please use our How to Invest in SemiLEDS guide.Note that the SemiLEDS information on this page should be used as a complementary analysis to other SemiLEDS'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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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When running SemiLEDS's price analysis, check to measure SemiLEDS'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 SemiLEDS is operating at the current time. Most of SemiLEDS's value examination focuses on studying past and present price action to predict the probability of SemiLEDS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SemiLEDS's price. Additionally, you may evaluate how the addition of SemiLEDS to your portfolios can decrease your overall portfolio volatility.
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Is SemiLEDS'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 SemiLEDS. If investors know SemiLEDS 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 SemiLEDS listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.57) | Revenue Per Share 1.153 | Quarterly Revenue Growth (0.23) | Return On Assets (0.17) | Return On Equity (0.97) |
The market value of SemiLEDS is measured differently than its book value, which is the value of SemiLEDS that is recorded on the company's balance sheet. Investors also form their own opinion of SemiLEDS's value that differs from its market value or its book value, called intrinsic value, which is SemiLEDS'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 SemiLEDS's market value can be influenced by many factors that don't directly affect SemiLEDS'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 SemiLEDS's value and its price as these two are different measures arrived at by different means. Investors typically determine if SemiLEDS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SemiLEDS'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.