ODDITY Retained Earnings vs Cash Analysis
| ODD Stock | 46.22 0.28 0.61% |
ODDITY Tech financial indicator trend analysis is much more than just breaking down ODDITY Tech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ODDITY Tech is a good investment. Please check the relationship between ODDITY Tech Retained Earnings and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ODDITY Tech Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ODDITY Tech Retained Earnings account and Cash. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between ODDITY Tech's Retained Earnings and Cash is -0.55. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of ODDITY Tech Ltd, assuming nothing else is changed. The correlation between historical values of ODDITY Tech's Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of ODDITY Tech Ltd are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., ODDITY Tech's Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | -0.55 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Cash
Cash refers to the most liquid asset of ODDITY Tech, which is listed under current asset account on ODDITY Tech Ltd balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from ODDITY Tech customers. The amounts must be unrestricted with restricted cash listed in a different ODDITY Tech account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from ODDITY Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ODDITY Tech 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 ODDITY Tech Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. At present, ODDITY Tech's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 121.13, whereas Issuance Of Capital Stock is forecasted to decline to about 42.4 M.
| 2021 | 2023 | 2024 (projected) | Interest Expense | 877K | 789.3K | 850.8K | Depreciation And Amortization | 4.0M | 8.6M | 5.9M |
ODDITY Tech fundamental ratios Correlations
Click cells to compare fundamentals
ODDITY Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ODDITY Tech is a strong investment it is important to analyze ODDITY Tech's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ODDITY Tech's future performance. For an informed investment choice regarding ODDITY Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ODDITY Tech Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Personal Care Products space 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 ODDITY Tech. If investors know ODDITY 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 ODDITY Tech 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 3.833 | Earnings Share 1.63 | Revenue Per Share 10.837 | Quarterly Revenue Growth 0.26 | Return On Assets 0.1904 |
The market value of ODDITY Tech is measured differently than its book value, which is the value of ODDITY that is recorded on the company's balance sheet. Investors also form their own opinion of ODDITY Tech's value that differs from its market value or its book value, called intrinsic value, which is ODDITY Tech'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 ODDITY Tech's market value can be influenced by many factors that don't directly affect ODDITY Tech'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 ODDITY Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ODDITY Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ODDITY Tech'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.