Omni Long Term Investments vs Short Term Debt Analysis

OML Stock

CAD 0.49 0.00 0.00%

Omni Lite financial indicator trend analysis is much more than just breaking down Omni Lite Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Omni Lite Industries is a good investment. Please check the relationship between Omni Lite Long Term Investments and its Short Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Long Term Investments vs Short Term Debt

Long Term Investments vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Omni Lite Industries Long Term Investments account and Short Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Omni Lite's Long Term Investments and Short Term Debt is -0.35. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Omni Lite Industries Canada, assuming nothing else is changed. The correlation between historical values of Omni Lite's Long Term Investments and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Omni Lite Industries Canada are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Long Term Investments i.e., Omni Lite's Long Term Investments and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Omni Lite balance sheet that represents investments Omni Lite Industries intends to hold for over a year. Omni Lite Industries Canada long term investments may include different instruments such as stocks, bonds, real estate and cash.

Short Term Debt

Most indicators from Omni Lite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Omni Lite Industries 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 Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to climb to about 1.6 M in 2024. Tax Provision is likely to climb to about 231.6 K in 2024

	2021	2022	2023	2024 (projected)
Cost Of Revenue	5.8M	11.1M	10.6M	5.9M
Research Development	224.1K	144.9K	349.5K	367.0K

Cost Of Revenue Research Development

Omni Lite fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Stockholder Equity	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Other Current Assets	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock Shares Outstanding
Total Assets		-0.21	-0.3	0.73	0.53	0.56	0.52	-0.01	0.44	0.45	0.1	-0.3	0.21	0.32	-0.27	-0.58	0.08	0.42	0.16	0.84	-0.11	0.59	0.87	0.1	0.5	-0.17
Other Current Liab	-0.21		-0.09	-0.13	0.1	-0.08	0.02	-0.14	-0.36	0.01	0.0	0.16	-0.44	-0.14	-0.29	-0.03	-0.09	-0.23	-0.21	-0.16	0.17	-0.12	-0.16	-0.09	-0.09	-0.15
Total Current Liabilities	-0.3	-0.09		-0.78	-0.86	-0.87	-0.82	0.82	0.33	-0.86	0.69	0.81	-0.42	0.65	0.39	0.54	0.87	-0.31	0.7	-0.69	0.4	-0.68	-0.71	-0.24	0.36	0.74
Total Stockholder Equity	0.73	-0.13	-0.78		0.9	0.96	0.94	-0.65	0.16	0.86	-0.56	-0.8	0.6	-0.4	-0.49	-0.76	-0.58	0.52	-0.49	0.93	-0.25	0.83	0.96	0.27	-0.17	-0.74
Other Liab	0.53	0.1	-0.86	0.9		0.94	0.93	-0.79	0.04	0.95	-0.72	-0.82	0.56	-0.56	-0.63	-0.79	-0.72	0.62	-0.64	0.78	-0.26	0.88	0.84	0.09	-0.33	-0.86
Net Tangible Assets	0.56	-0.08	-0.87	0.96	0.94		0.96	-0.81	0.09	0.89	-0.71	-0.91	0.65	-0.57	-0.52	-0.76	-0.73	0.55	-0.67	0.88	-0.3	0.85	0.88	0.26	-0.33	-0.85
Retained Earnings	0.52	0.02	-0.82	0.94	0.93	0.96		-0.78	-0.01	0.9	-0.73	-0.86	0.63	-0.63	-0.65	-0.69	-0.75	0.45	-0.73	0.81	-0.23	0.79	0.84	0.31	-0.42	-0.9
Accounts Payable	-0.01	-0.14	0.82	-0.65	-0.79	-0.81	-0.78		0.19	-0.73	0.9	0.83	-0.68	0.88	0.45	0.57	0.9	-0.37	0.86	-0.49	0.33	-0.68	-0.46	-0.15	0.72	0.88
Cash	0.44	-0.36	0.33	0.16	0.04	0.09	-0.01	0.19		-0.04	0.1	-0.07	0.28	0.39	-0.03	-0.48	0.47	0.57	0.32	0.21	0.27	0.32	0.21	-0.24	0.31	0.01
Other Assets	0.45	0.01	-0.86	0.86	0.95	0.89	0.9	-0.73	-0.04		-0.75	-0.84	0.5	-0.61	-0.63	-0.75	-0.77	0.55	-0.64	0.68	-0.15	0.8	0.79	0.09	-0.39	-0.83
Net Receivables	0.1	0.0	0.69	-0.56	-0.72	-0.71	-0.73	0.9	0.1	-0.75		0.79	-0.75	0.92	0.46	0.5	0.87	-0.4	0.87	-0.3	0.12	-0.57	-0.34	-0.19	0.84	0.88
Inventory	-0.3	0.16	0.81	-0.8	-0.82	-0.91	-0.86	0.83	-0.07	-0.84	0.79		-0.66	0.69	0.6	0.7	0.81	-0.53	0.76	-0.69	0.17	-0.77	-0.69	-0.22	0.51	0.88
Other Stockholder Equity	0.21	-0.44	-0.42	0.6	0.56	0.65	0.63	-0.68	0.28	0.5	-0.75	-0.66		-0.57	-0.26	-0.48	-0.52	0.44	-0.53	0.46	-0.17	0.61	0.44	0.27	-0.54	-0.64
Total Liab	0.32	-0.14	0.65	-0.4	-0.56	-0.57	-0.63	0.88	0.39	-0.61	0.92	0.69	-0.57		0.42	0.29	0.92	-0.15	0.9	-0.14	0.14	-0.36	-0.16	-0.23	0.94	0.8
Long Term Investments	-0.27	-0.29	0.39	-0.49	-0.63	-0.52	-0.65	0.45	-0.03	-0.63	0.46	0.6	-0.26	0.42		0.52	0.48	-0.35	0.57	-0.38	-0.17	-0.53	-0.43	-0.03	0.36	0.73
Short Long Term Debt	-0.58	-0.03	0.54	-0.76	-0.79	-0.76	-0.69	0.57	-0.48	-0.75	0.5	0.7	-0.48	0.29	0.52		0.37	-0.7	0.29	-0.67	-0.08	-0.84	-0.73	0.19	0.14	0.64
Total Current Assets	0.08	-0.09	0.87	-0.58	-0.72	-0.73	-0.75	0.9	0.47	-0.77	0.87	0.81	-0.52	0.92	0.48	0.37		-0.2	0.89	-0.39	0.26	-0.5	-0.41	-0.29	0.75	0.83
Short Term Debt	0.42	-0.23	-0.31	0.52	0.62	0.55	0.45	-0.37	0.57	0.55	-0.4	-0.53	0.44	-0.15	-0.35	-0.7	-0.2		-0.17	0.48	0.01	0.69	0.52	-0.15	-0.1	-0.47
Common Stock	0.16	-0.21	0.7	-0.49	-0.64	-0.67	-0.73	0.86	0.32	-0.64	0.87	0.76	-0.53	0.9	0.57	0.29	0.89	-0.17		-0.31	0.25	-0.46	-0.28	-0.32	0.8	0.91
Property Plant Equipment	0.84	-0.16	-0.69	0.93	0.78	0.88	0.81	-0.49	0.21	0.68	-0.3	-0.69	0.46	-0.14	-0.38	-0.67	-0.39	0.48	-0.31		-0.33	0.77	0.97	0.29	0.12	-0.55
Other Current Assets	-0.11	0.17	0.4	-0.25	-0.26	-0.3	-0.23	0.33	0.27	-0.15	0.12	0.17	-0.17	0.14	-0.17	-0.08	0.26	0.01	0.25	-0.33		-0.41	-0.25	0.17	-0.01	0.17
Deferred Long Term Liab	0.59	-0.12	-0.68	0.83	0.88	0.85	0.79	-0.68	0.32	0.8	-0.57	-0.77	0.61	-0.36	-0.53	-0.84	-0.5	0.69	-0.46	0.77	-0.41		0.8	-0.21	-0.17	-0.73
Non Current Assets Total	0.87	-0.16	-0.71	0.96	0.84	0.88	0.84	-0.46	0.21	0.79	-0.34	-0.69	0.44	-0.16	-0.43	-0.73	-0.41	0.52	-0.28	0.97	-0.25	0.8		0.22	0.1	-0.56
Non Currrent Assets Other	0.1	-0.09	-0.24	0.27	0.09	0.26	0.31	-0.15	-0.24	0.09	-0.19	-0.22	0.27	-0.23	-0.03	0.19	-0.29	-0.15	-0.32	0.29	0.17	-0.21	0.22		-0.18	-0.19
Non Current Liabilities Total	0.5	-0.09	0.36	-0.17	-0.33	-0.33	-0.42	0.72	0.31	-0.39	0.84	0.51	-0.54	0.94	0.36	0.14	0.75	-0.1	0.8	0.12	-0.01	-0.17	0.1	-0.18		0.67
Common Stock Shares Outstanding	-0.17	-0.15	0.74	-0.74	-0.86	-0.85	-0.9	0.88	0.01	-0.83	0.88	0.88	-0.64	0.8	0.73	0.64	0.83	-0.47	0.91	-0.55	0.17	-0.73	-0.56	-0.19	0.67

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Omni Lite Account Relationship Matchups

Omni Lite fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.1M	14.9M	23.2M	20.1M	21.2M	16.2M
Other Current Liab	6.6K	8.3K	280.2K	2.4K	2.8K	2.6K
Total Current Liabilities	1.3M	2.2M	2.6M	1.7M	2.0M	1.3M
Total Stockholder Equity	12.7M	12.4M	14.2M	12.4M	13.5M	12.4M
Other Liab	1.8M	2.0M	213.3K	58.7K	52.8K	50.2K
Net Tangible Assets	13.8M	12.0M	11.8M	11.3M	10.2M	12.4M
Retained Earnings	2.8M	2.2M	1.7M	(810.4K)	(720.2K)	(684.2K)
Accounts Payable	791.8K	576.6K	1.9M	1.3M	1.6M	928.3K
Cash	693.2K	1.5M	2.4M	1.3M	1.1M	1.3M
Other Assets	2.8M	1.4M	59.5K	57.9K	52.1K	49.5K
Net Receivables	1.4M	976.9K	2.4M	2.3M	2.2M	1.6M
Inventory	3.9M	3.3M	4.0M	3.4M	4.7M	3.5M
Other Stockholder Equity	(195.9K)	(231.3K)	55.7K	(209.9K)	(188.9K)	(179.5K)
Total Liab	4.4M	2.4M	9.0M	7.6M	7.7M	5.2M
Long Term Investments	184.7K	471.7K	426.3K	487.7K	1.3M	1.4M
Total Current Assets	6.0M	6.0M	9.3M	7.3M	8.2M	6.6M
Property Plant Equipment	9.0M	8.8M	7.8M	11.1M	10.0M	9.4M
Non Current Assets Total	11.0M	8.9M	13.8M	12.8M	13.0M	10.6M
Non Current Liabilities Total	3.1M	213.3K	6.4M	6.0M	5.7M	4.0M
Net Invested Capital	13.7M	14.0M	14.2M	12.4M	13.5M	11.5M
Net Working Capital	4.7M	3.8M	6.7M	5.6M	6.2M	5.4M
Intangible Assets	264K	195.6K	385.6K	250.6K	155.4K	212.0K

Pair Trading with Omni Lite

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 Omni Lite 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 Omni Lite will appreciate offsetting losses from the drop in the long position's value.

Moving against Omni Stock

0.68

CVS

CVS HEALTH CDR

Pair Corr

The ability to find closely correlated positions to Omni Lite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Omni Lite 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 Omni Lite - 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 Omni Lite Industries Canada to buy it.

The correlation of Omni Lite 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 Omni Lite moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Omni Lite Industries 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 Omni Lite 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 Correlation Correlation Matching

Additional Tools for Omni Stock Analysis

When running Omni Lite's price analysis, check to measure Omni Lite'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 Omni Lite is operating at the current time. Most of Omni Lite's value examination focuses on studying past and present price action to predict the probability of Omni Lite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omni Lite's price. Additionally, you may evaluate how the addition of Omni Lite to your portfolios can decrease your overall portfolio volatility.

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