POET Net Tangible Assets vs Common Stock Analysis
POET Stock | USD 1.77 0.08 4.73% |
POET Technologies financial indicator trend analysis is much more than just breaking down POET Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether POET Technologies is a good investment. Please check the relationship between POET Technologies Net Tangible Assets and its Common Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in POET Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy POET Stock please use our How to Invest in POET Technologies guide.
Net Tangible Assets vs Common Stock
Net Tangible Assets vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of POET Technologies Net Tangible Assets account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between POET Technologies' Net Tangible Assets and Common Stock is 0.56. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of POET Technologies, assuming nothing else is changed. The correlation between historical values of POET Technologies' Net Tangible Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of POET Technologies are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Tangible Assets i.e., POET Technologies' Net Tangible Assets and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Common Stock
Most indicators from POET Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into POET Technologies 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 POET Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy POET Stock please use our How to Invest in POET Technologies guide.At this time, POET Technologies' Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 63.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 7.9 M in 2024.
2021 | 2023 | 2024 (projected) | Total Operating Expenses | 17.2M | 19.3M | 11.7M | Cost Of Revenue | 2.0M | 2.3M | 1.9M |
POET Technologies fundamental ratios Correlations
Click cells to compare fundamentals
POET Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
POET Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 24.1M | 11.6M | 27.2M | 15.4M | 8.7M | 17.0M | |
Other Current Liab | 218.1K | 127.1K | 803.7K | 638.9K | 956.1K | 532.0K | |
Total Current Liabilities | 4.9M | 5.4M | 1.9M | 3.8M | 2.5M | 1.9M | |
Total Stockholder Equity | 19.0M | 5.8M | 25.0M | 11.4M | 4.9M | 4.7M | |
Property Plant And Equipment Net | 3.4M | 3.7M | 3.4M | 5.3M | 5.1M | 3.3M | |
Net Debt | 1.9M | (2.8M) | (14.6M) | (8.9M) | (2.5M) | (2.6M) | |
Retained Earnings | (139.1M) | (157.3M) | (173.0M) | (194.0M) | (213.2M) | (202.5M) | |
Accounts Payable | 1.5M | 1.6M | 987.5K | 2.7M | 1.4M | 973.8K | |
Cash | 1.4M | 6.9M | 14.9M | 9.2M | 3.0M | 2.9M | |
Non Current Assets Total | 3.8M | 4.1M | 5.4M | 5.8M | 5.6M | 5.4M | |
Cash And Short Term Investments | 1.4M | 6.9M | 21.3M | 9.2M | 3.0M | 2.9M | |
Net Receivables | 18.1M | 122.4K | 141.6K | 191.2K | 57.2K | 54.3K | |
Common Stock Shares Outstanding | 28.8M | 29.2M | 34.5M | 36.7M | 40.1M | 42.1M | |
Liabilities And Stockholders Equity | 24.1M | 11.6M | 27.2M | 15.4M | 8.7M | 17.0M | |
Non Current Liabilities Total | 133.3K | 429.4K | 258.3K | 128.3K | 1.3M | 1.4M | |
Other Current Assets | 313.2K | 59.5K | 479.9K | 275.5K | 149.9K | 142.4K | |
Other Stockholder Equity | 48.0M | 50.5M | 52.3M | 56.9M | 55.2M | 40.7M | |
Total Liab | 5.0M | 5.8M | 2.2M | 3.9M | 3.8M | 2.4M | |
Total Current Assets | 20.3M | 7.5M | 21.8M | 9.6M | 3.2M | 3.0M | |
Accumulated Other Comprehensive Income | (1.9M) | (2.0M) | (2.1M) | (2.7M) | (1.9M) | (1.8M) | |
Intangible Assets | 452.4K | 438.7K | 528.5K | 510.7K | 502.1K | 512.9K | |
Common Stock | 112.1M | 114.6M | 147.7M | 151.2M | 164.9M | 104.5M | |
Net Tangible Assets | 12.1M | 18.6M | 5.4M | 24.4M | 28.1M | 16.4M | |
Property Plant Equipment | 9.3M | 3.4M | 3.7M | 3.4M | 3.1M | 4.5M | |
Net Invested Capital | 22.1M | 9.4M | 25.0M | 11.5M | 5.0M | 4.7M | |
Capital Stock | 112.1M | 114.6M | 147.7M | 151.2M | 165.7M | 147.3M | |
Net Working Capital | 15.4M | 2.1M | 19.9M | 5.8M | 633.1K | 601.5K |
Pair Trading with POET Technologies
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 POET Technologies 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 POET Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against POET Stock
0.85 | JNPR | Juniper Networks | PairCorr |
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0.54 | NTGR | NETGEAR | PairCorr |
0.51 | AMD | Advanced Micro Devices Sell-off Trend | PairCorr |
The ability to find closely correlated positions to POET Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace POET Technologies 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 POET Technologies - 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 POET Technologies to buy it.
The correlation of POET Technologies 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 POET Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if POET Technologies 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 POET Technologies 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.Additional Tools for POET Stock Analysis
When running POET Technologies' price analysis, check to measure POET Technologies' 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 POET Technologies is operating at the current time. Most of POET Technologies' value examination focuses on studying past and present price action to predict the probability of POET Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move POET Technologies' price. Additionally, you may evaluate how the addition of POET Technologies to your portfolios can decrease your overall portfolio volatility.