Viomi Common Stock Shares Outstanding vs Cash And Short Term Investments Analysis

VIOT Stock

USD 0.89 0.04 4.71%

Viomi Technology financial indicator trend analysis is much more than just breaking down Viomi Technology ADR prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Viomi Technology ADR is a good investment. Please check the relationship between Viomi Technology Common Stock Shares Outstanding 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 Viomi Technology ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Common Stock Shares Outstanding vs Cash And Short Term Investments

Common Stock Shares Outstanding 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 Viomi Technology ADR Common Stock Shares Outstanding account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very week relationship.

The correlation between Viomi Technology's Common Stock Shares Outstanding and Cash And Short Term Investments is 0.22. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Viomi Technology ADR, assuming nothing else is changed. The correlation between historical values of Viomi Technology's Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of Viomi Technology ADR 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 Common Stock Shares Outstanding i.e., Viomi Technology's Common Stock Shares Outstanding and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
Relationship Strength	Very Weak

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Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Viomi Technology ADR balance sheet. This account contains Viomi Technology investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Viomi Technology ADR 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 Viomi Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Viomi Technology ADR 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 Viomi Technology ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Selling General Administrative is likely to gain to about 83.7 M in 2024, whereas Tax Provision is likely to drop slightly above 1.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.2B	737.1M	569.5M	789.7M
Total Revenue	5.3B	3.2B	2.5B	3.5B

Gross Profit Total Revenue

Viomi Technology fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.98	1.0	1.0	-0.97	0.98	0.72	0.98	-0.69	0.96	0.99	0.83	0.81	0.85	0.84	0.98	0.94	-0.97	0.29	0.96	0.99	0.88	0.98	1.0	0.61	1.0
Other Current Liab	0.98		0.99	0.97	-0.93	0.94	0.67	0.94	-0.62	0.97	0.97	0.75	0.77	0.85	0.83	0.94	0.96	-0.93	0.34	0.91	0.96	0.84	0.93	0.98	0.56	0.98
Total Current Liabilities	1.0	0.99		0.99	-0.95	0.96	0.69	0.96	-0.69	0.96	0.99	0.83	0.78	0.84	0.82	0.97	0.96	-0.95	0.29	0.94	0.98	0.85	0.95	1.0	0.58	1.0
Total Stockholder Equity	1.0	0.97	0.99		-0.98	0.98	0.72	0.98	-0.7	0.95	0.98	0.84	0.8	0.85	0.84	0.98	0.92	-0.98	0.29	0.97	0.99	0.87	0.99	0.99	0.61	0.99
Other Liab	-0.97	-0.93	-0.95	-0.98		-0.97	-0.72	-0.98	0.75	-0.87	-0.94	-0.91	-0.78	-0.74	-0.8	-0.98	-0.89	1.0	-0.2	-0.99	-0.94	-0.8	-0.99	-0.96	-0.63	-0.97
Net Tangible Assets	0.98	0.94	0.96	0.98	-0.97		0.74	0.99	-0.69	0.9	0.94	0.83	0.81	0.82	0.83	0.95	0.87	-0.97	0.28	0.96	0.97	0.87	0.99	0.97	0.63	0.97
Property Plant And Equipment Net	0.72	0.67	0.69	0.72	-0.72	0.74		0.78	-0.14	0.63	0.66	0.49	0.98	0.75	0.93	0.63	0.54	-0.73	0.34	0.79	0.76	0.82	0.71	0.72	0.98	0.68
Current Deferred Revenue	0.98	0.94	0.96	0.98	-0.98	0.99	0.78		-0.66	0.88	0.94	0.84	0.83	0.8	0.85	0.94	0.89	-0.98	0.22	0.97	0.96	0.87	0.98	0.97	0.69	0.97
Net Debt	-0.69	-0.62	-0.69	-0.7	0.75	-0.69	-0.14	-0.66		-0.59	-0.72	-0.92	-0.2	-0.31	-0.23	-0.79	-0.7	0.74	0.12	-0.68	-0.62	-0.38	-0.75	-0.67	-0.02	-0.73
Retained Earnings	0.96	0.97	0.96	0.95	-0.87	0.9	0.63	0.88	-0.59		0.97	0.69	0.75	0.91	0.82	0.93	0.91	-0.88	0.36	0.85	0.96	0.86	0.89	0.96	0.5	0.95
Accounts Payable	0.99	0.97	0.99	0.98	-0.94	0.94	0.66	0.94	-0.72	0.97		0.84	0.75	0.84	0.79	0.98	0.95	-0.94	0.26	0.92	0.97	0.84	0.94	0.99	0.53	0.99
Cash	0.83	0.75	0.83	0.84	-0.91	0.83	0.49	0.84	-0.92	0.69	0.84		0.52	0.47	0.51	0.9	0.81	-0.9	-0.01	0.88	0.78	0.57	0.89	0.82	0.4	0.86
Non Current Assets Total	0.81	0.77	0.78	0.8	-0.78	0.81	0.98	0.83	-0.2	0.75	0.75	0.52		0.86	0.99	0.72	0.64	-0.79	0.38	0.83	0.85	0.89	0.78	0.8	0.92	0.77
Non Currrent Assets Other	0.85	0.85	0.84	0.85	-0.74	0.82	0.75	0.8	-0.31	0.91	0.84	0.47	0.86		0.91	0.77	0.7	-0.75	0.48	0.75	0.91	0.95	0.77	0.85	0.62	0.82
Other Assets	0.84	0.83	0.82	0.84	-0.8	0.83	0.93	0.85	-0.23	0.82	0.79	0.51	0.99	0.91		0.76	0.69	-0.81	0.4	0.84	0.88	0.92	0.81	0.84	0.86	0.81
Cash And Short Term Investments	0.98	0.94	0.97	0.98	-0.98	0.95	0.63	0.94	-0.79	0.93	0.98	0.9	0.72	0.77	0.76		0.92	-0.98	0.22	0.95	0.96	0.78	0.97	0.97	0.52	0.99
Net Receivables	0.94	0.96	0.96	0.92	-0.89	0.87	0.54	0.89	-0.7	0.91	0.95	0.81	0.64	0.7	0.69	0.92		-0.89	0.22	0.87	0.88	0.72	0.88	0.95	0.45	0.95
Common Stock Total Equity	-0.97	-0.93	-0.95	-0.98	1.0	-0.97	-0.73	-0.98	0.74	-0.88	-0.94	-0.9	-0.79	-0.75	-0.81	-0.98	-0.89		-0.2	-0.99	-0.95	-0.8	-1.0	-0.96	-0.64	-0.97
Common Stock Shares Outstanding	0.29	0.34	0.29	0.29	-0.2	0.28	0.34	0.22	0.12	0.36	0.26	-0.01	0.38	0.48	0.4	0.22	0.22	-0.2		0.23	0.36	0.45	0.24	0.3	0.28	0.27
Capital Surpluse	0.96	0.91	0.94	0.97	-0.99	0.96	0.79	0.97	-0.68	0.85	0.92	0.88	0.83	0.75	0.84	0.95	0.87	-0.99	0.23		0.93	0.8	0.98	0.94	0.71	0.95
Inventory	0.99	0.96	0.98	0.99	-0.94	0.97	0.76	0.96	-0.62	0.96	0.97	0.78	0.85	0.91	0.88	0.96	0.88	-0.95	0.36	0.93		0.92	0.96	0.98	0.64	0.98
Other Current Assets	0.88	0.84	0.85	0.87	-0.8	0.87	0.82	0.87	-0.38	0.86	0.84	0.57	0.89	0.95	0.92	0.78	0.72	-0.8	0.45	0.8	0.92		0.83	0.88	0.68	0.84
Other Stockholder Equity	0.98	0.93	0.95	0.99	-0.99	0.99	0.71	0.98	-0.75	0.89	0.94	0.89	0.78	0.77	0.81	0.97	0.88	-1.0	0.24	0.98	0.96	0.83		0.96	0.61	0.97
Total Liab	1.0	0.98	1.0	0.99	-0.96	0.97	0.72	0.97	-0.67	0.96	0.99	0.82	0.8	0.85	0.84	0.97	0.95	-0.96	0.3	0.94	0.98	0.88	0.96		0.61	0.99
Property Plant And Equipment Gross	0.61	0.56	0.58	0.61	-0.63	0.63	0.98	0.69	-0.02	0.5	0.53	0.4	0.92	0.62	0.86	0.52	0.45	-0.64	0.28	0.71	0.64	0.68	0.61	0.61		0.57
Total Current Assets	1.0	0.98	1.0	0.99	-0.97	0.97	0.68	0.97	-0.73	0.95	0.99	0.86	0.77	0.82	0.81	0.99	0.95	-0.97	0.27	0.95	0.98	0.84	0.97	0.99	0.57

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Viomi Technology Account Relationship Matchups

Viomi Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	3.2B	3.3B	3.0B	2.8B	2.5B
Short Long Term Debt Total	116.3M	21.2M	35.0M	148.8M	261.9M	274.9M
Other Current Liab	383.7M	510.6M	414.0M	336.8M	338.5M	322.9M
Total Current Liabilities	1.6B	1.6B	1.6B	1.4B	1.3B	1.2B
Total Stockholder Equity	1.4B	1.5B	1.6B	1.4B	1.3B	1.2B
Other Liab	518K	1.8M	3.4M	7.6M	6.8M	6.5M
Net Tangible Assets	1.1B	1.4B	1.5B	1.6B	1.8B	919.2M
Property Plant And Equipment Net	87.1M	93.0M	164.4M	251.1M	348.0M	365.4M
Current Deferred Revenue	103.2M	112.6M	100.1M	118.4M	131.3M	94.4M
Net Debt	(856.2M)	(482.9M)	(551.9M)	(588.3M)	(229.9M)	(241.4M)
Retained Earnings	195.6M	363.1M	449.9M	174.4M	89.7M	105.6M
Accounts Payable	1.0B	1.0B	1.1B	932.3M	666.3M	773.5M
Cash	972.4M	504.1M	587.0M	737.1M	491.7M	642.1M
Non Current Assets Total	114.9M	247.6M	330.9M	390.7M	471.7M	495.3M
Non Currrent Assets Other	11.2M	19.8M	27.3M	22.9M	18.8M	15.9M
Other Assets	8.9M	23.4M	84.0M	92.6M	106.5M	111.8M
Cash And Short Term Investments	1.3B	1.2B	1.5B	1.1B	957.9M	1.0B
Net Receivables	1.0B	1.1B	711.6M	627.2M	551.2M	679.7M
Common Stock Shares Outstanding	72.0M	71.9M	73.6M	69.3M	68.8M	62.3M
Short Term Investments	376.2M	706.1M	878.9M	368.6M	466.2M	407.7M
Liabilities And Stockholders Equity	3.0B	3.2B	3.3B	3.0B	2.8B	2.5B
Non Current Liabilities Total	15.2M	15.1M	31.3M	129.6M	144.2M	151.4M
Capital Lease Obligations	20.4M	21.2M	18.9M	14.0M	5.1M	4.9M
Inventory	418.0M	439.4M	576.4M	502.3M	442.2M	369.2M
Other Current Assets	92.9M	157.9M	192.0M	271.8M	186.7M	126.3M
Other Stockholder Equity	1.2B	1.2B	1.3B	1.3B	1.3B	1.0B
Total Liab	1.6B	1.6B	1.6B	1.5B	1.4B	1.3B
Property Plant And Equipment Gross	87.1M	93.0M	164.4M	251.1M	560.6M	588.6M
Total Current Assets	2.9B	2.9B	2.9B	2.6B	2.3B	2.3B
Accumulated Other Comprehensive Income	(19.1M)	(59.4M)	(73.1M)	(24.3M)	(14.3M)	(15.0M)
Non Current Liabilities Other	1.8M	3.4M	7.6M	8.2M	12.8M	13.4M
Short Term Debt	102.9M	9.5M	11.3M	27.4M	130.4M	137.0M
Intangible Assets	4.4M	70.7M	73.9M	74.1M	70.1M	40.3M
Property Plant Equipment	11.3M	87.1M	93.0M	164.4M	189.1M	198.5M

Pair Trading with Viomi Technology

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 Viomi Technology 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 Viomi Technology will appreciate offsetting losses from the drop in the long position's value.

Moving together with Viomi Stock

0.68

SharkNinja

Pair Corr

Moving against Viomi Stock

0.78	NTZ	Natuzzi SpA	Pair Corr
0.76	WHR	Whirlpool	Pair Corr
0.74	ETD	Ethan Allen Interiors Financial Report 7th of August 2024	Pair Corr
0.74	LEG	Leggett Platt	Pair Corr
0.73	HBB	Hamilton Beach Brands	Pair Corr

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

The correlation of Viomi Technology 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 Viomi Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Viomi Technology ADR 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 Viomi Technology 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 Viomi Stock Analysis

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

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