OppFi Short Term Investments vs Total Assets Analysis
| OPFI Stock | USD 2.76 0.02 0.72% |
OppFi financial indicator trend analysis is much more than just breaking down OppFi Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OppFi Inc is a good investment. Please check the relationship between OppFi Short Term Investments and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OppFi Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Short Term Investments vs Total Assets
Short Term Investments vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OppFi Inc Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between OppFi's Short Term Investments and Total Assets is -0.56. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of OppFi Inc, assuming nothing else is changed. The correlation between historical values of OppFi's Short Term Investments and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of OppFi Inc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Term Investments i.e., OppFi's Short Term Investments and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.56 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of OppFi balance sheet. It contains any investments OppFi Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that OppFi Inc can easily liquidate in the marketplace.Total Assets
Total assets refers to the total amount of OppFi 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 OppFi Inc 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. 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.Most indicators from OppFi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OppFi Inc 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, which includes a position in OppFi Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. As of now, OppFi's Enterprise Value Multiple is increasing as compared to previous years. The OppFi's current Enterprise Value is estimated to increase to about 568.3 M, while Tax Provision is forecasted to increase to (700.1 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 183.1M | 186.5M | 183.1M | 150.0M | Total Revenue | 350.6M | 452.9M | 273.2M | 313.7M |
OppFi fundamental ratios Correlations
Click cells to compare fundamentals
OppFi Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards OppFi in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, OppFi's short interest history, or implied volatility extrapolated from OppFi options trading.
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Try AI Portfolio ArchitectCheck out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OppFi Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the OppFi Inc information on this page should be used as a complementary analysis to other OppFi'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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for OppFi Stock analysis
When running OppFi's price analysis, check to measure OppFi'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 OppFi is operating at the current time. Most of OppFi's value examination focuses on studying past and present price action to predict the probability of OppFi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OppFi's price. Additionally, you may evaluate how the addition of OppFi to your portfolios can decrease your overall portfolio volatility.
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Is OppFi'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 OppFi. If investors know OppFi 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 OppFi listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.43 | Earnings Share 0.353 | Revenue Per Share 13.814 | Quarterly Revenue Growth 0.423 | Return On Assets 0.0668 |
The market value of OppFi Inc is measured differently than its book value, which is the value of OppFi that is recorded on the company's balance sheet. Investors also form their own opinion of OppFi's value that differs from its market value or its book value, called intrinsic value, which is OppFi'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 OppFi's market value can be influenced by many factors that don't directly affect OppFi'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 OppFi's value and its price as these two are different measures arrived at by different means. Investors typically determine if OppFi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OppFi'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.