Owlet Other Liab vs Total Stockholder Equity Analysis
| OWLT Stock | USD 3.81 0.09 2.31% |
Owlet financial indicator trend analysis is much more than just breaking down Owlet Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Owlet Inc is a good investment. Please check the relationship between Owlet Other Liab and its Total Stockholder Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owlet 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 bureau of economic analysis.
Other Liab vs Total Stockholder Equity
Other Liab vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Owlet Inc Other Liab account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Owlet's Other Liab and Total Stockholder Equity is 0.9. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Owlet Inc, assuming nothing else is changed. The correlation between historical values of Owlet's Other Liab and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Owlet Inc are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Liab i.e., Owlet's Other Liab and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Liab
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Owlet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Owlet 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 Owlet 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 bureau of economic analysis. At this time, Owlet's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 76 M in 2024, whereas Tax Provision is likely to drop 5,700 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 35M | 23.3M | 22.3M | 22.3M | Total Revenue | 75.8M | 69.2M | 54.0M | 71.3M |
Owlet fundamental ratios Correlations
Click cells to compare fundamentals
Owlet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Owlet
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 Owlet 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 Owlet will appreciate offsetting losses from the drop in the long position's value.Moving together with Owlet Stock
| 0.63 | FEMY | Femasys | PairCorr |
Moving against Owlet Stock
| 0.6 | GCTK | GlucoTrack | PairCorr |
| 0.48 | CI | Cigna Corp | PairCorr |
The ability to find closely correlated positions to Owlet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Owlet 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 Owlet - 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 Owlet Inc to buy it.
The correlation of Owlet 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 Owlet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Owlet Inc 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 Owlet 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owlet 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 bureau of economic analysis. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Owlet Stock analysis
When running Owlet's price analysis, check to measure Owlet'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 Owlet is operating at the current time. Most of Owlet's value examination focuses on studying past and present price action to predict the probability of Owlet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Owlet's price. Additionally, you may evaluate how the addition of Owlet to your portfolios can decrease your overall portfolio volatility.
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Is Owlet'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 Owlet. If investors know Owlet 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 Owlet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.50) | Revenue Per Share 6.89 | Quarterly Revenue Growth 0.379 | Return On Assets (0.26) | Return On Equity (9.01) |
The market value of Owlet Inc is measured differently than its book value, which is the value of Owlet that is recorded on the company's balance sheet. Investors also form their own opinion of Owlet's value that differs from its market value or its book value, called intrinsic value, which is Owlet'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 Owlet's market value can be influenced by many factors that don't directly affect Owlet'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 Owlet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owlet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owlet'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.