Sight Other Stockholder Equity vs Cash And Short Term Investments Analysis
SGHT Stock | USD 6.83 0.03 0.44% |
Sight Sciences financial indicator trend analysis is much more than just breaking down Sight Sciences prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sight Sciences is a good investment. Please check the relationship between Sight Sciences Other Stockholder Equity and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sight Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. For more information on how to buy Sight Stock please use our How to Invest in Sight Sciences guide.
Other Stockholder Equity vs Cash And Short Term Investments
Other Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sight Sciences Other Stockholder Equity account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sight Sciences' Other Stockholder Equity and Cash And Short Term Investments is 0.93. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Sight Sciences, assuming nothing else is changed. The correlation between historical values of Sight Sciences' Other Stockholder Equity and Cash And Short Term Investments 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 Stockholder Equity of Sight Sciences are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Stockholder Equity i.e., Sight Sciences' Other Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Stockholder Equity
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Sight Sciences balance sheet. This account contains Sight Sciences investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sight Sciences fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Sight Sciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sight Sciences 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sight Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. For more information on how to buy Sight Stock please use our How to Invest in Sight Sciences guide.Tax Provision is likely to drop to about 74.8 K in 2024. Selling General Administrative is likely to drop to about 70.5 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 40.3M | 59.0M | 69.2M | 38.3M | Total Revenue | 49.0M | 71.3M | 81.1M | 47.6M |
Sight Sciences fundamental ratios Correlations
Click cells to compare fundamentals
Sight Sciences Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sight Sciences fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 30.7M | 72.8M | 280.2M | 213.1M | 166.7M | 141.5M | |
Other Current Liab | 4.5M | 6.8M | 9.6M | 14.1M | 7.7M | 8.0M | |
Total Current Liabilities | 7.3M | 9.3M | 13.5M | 17.8M | 12.3M | 11.6M | |
Total Stockholder Equity | (54.7M) | (88.8M) | 232.1M | 160.1M | 120.2M | 62.3M | |
Other Liab | 213K | 809K | 1.9M | 1.2M | 1.4M | 919.6K | |
Net Tangible Assets | (54.7M) | (88.8M) | 232.1M | 160.1M | 184.1M | 193.3M | |
Property Plant And Equipment Net | 2.6M | 1.8M | 2.9M | 3.2M | 3.1M | 2.7M | |
Net Debt | (7.3M) | (29.0M) | (228.0M) | (150.7M) | (102.7M) | (107.9M) | |
Retained Earnings | (55.3M) | (90.0M) | (153.0M) | (239.2M) | (294.8M) | (280.1M) | |
Accounts Payable | 2.3M | 2.2M | 3.4M | 2.7M | 1.7M | 2.6M | |
Cash | 21.2M | 61.5M | 260.7M | 185M | 138.1M | 123.0M | |
Non Current Assets Total | 2.7M | 2.2M | 3.2M | 3.4M | 3.8M | 3.0M | |
Non Currrent Assets Other | 168K | 386K | 202K | 211K | 682K | 716.1K | |
Other Assets | 168K | 386K | 202K | 211K | 242.7K | 226.4K | |
Cash And Short Term Investments | 21.2M | 61.5M | 260.7M | 185M | 138.1M | 123.0M | |
Net Receivables | 4.1M | 5.4M | 8.7M | 15.1M | 14.3M | 9.1M | |
Liabilities And Stockholders Equity | 30.7M | 72.8M | 280.2M | 213.1M | 166.7M | 141.5M | |
Non Current Liabilities Total | 78.1M | 152.3M | 34.6M | 35.2M | 34.2M | 49.1M | |
Capital Lease Obligations | 1.1M | 529K | 1.6M | 1.7M | 1.5M | 1.2M | |
Inventory | 2.2M | 2.6M | 3.5M | 6.1M | 7.8M | 4.2M | |
Other Current Assets | 426K | 1.2M | 4.2M | 3.4M | 2.6M | 2.3M | |
Other Stockholder Equity | 656K | 1.2M | 385.1M | 399.3M | 415.0M | 220.3M | |
Total Liab | 85.4M | 161.7M | 48.1M | 53.0M | 46.4M | 57.6M | |
Net Invested Capital | (41.8M) | (56.9M) | 264.8M | 193.4M | 154.1M | 88.8M | |
Property Plant And Equipment Gross | 2.6M | 1.8M | 2.9M | 3.2M | 4.7M | 2.9M | |
Total Current Assets | 28.0M | 70.6M | 277.0M | 209.7M | 162.9M | 138.5M | |
Net Working Capital | 20.7M | 61.3M | 263.5M | 191.9M | 150.6M | 126.9M | |
Property Plant Equipment | 2.6M | 1.8M | 2.9M | 1.6M | 1.8M | 2.1M |
Pair Trading with Sight Sciences
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 Sight Sciences 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 Sight Sciences will appreciate offsetting losses from the drop in the long position's value.Moving together with Sight Stock
Moving against Sight Stock
0.69 | DXCM | DexCom Inc | PairCorr |
0.64 | ABT | Abbott Laboratories Financial Report 18th of July 2024 | PairCorr |
0.62 | VVOS | Vivos Therapeutics | PairCorr |
0.5 | ELMD | Electromed | PairCorr |
0.49 | EHAB | Enhabit | PairCorr |
The ability to find closely correlated positions to Sight Sciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sight Sciences 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 Sight Sciences - 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 Sight Sciences to buy it.
The correlation of Sight Sciences 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 Sight Sciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sight Sciences 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 Sight Sciences 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 Sight Stock Analysis
When running Sight Sciences' price analysis, check to measure Sight Sciences' 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 Sight Sciences is operating at the current time. Most of Sight Sciences' value examination focuses on studying past and present price action to predict the probability of Sight Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sight Sciences' price. Additionally, you may evaluate how the addition of Sight Sciences to your portfolios can decrease your overall portfolio volatility.