SIBN Intangible Assets vs Capital Stock Analysis
| SIBN Stock | USD 13.38 0.43 3.11% |
Si Bone financial indicator trend analysis is much more than just breaking down Si Bone prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Si Bone is a good investment. Please check the relationship between Si Bone Intangible Assets and its Capital Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Si Bone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in SIBN Stock, please use our How to Invest in Si Bone guide.
Intangible Assets vs Capital Stock
Intangible Assets vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Si Bone Intangible Assets account and Capital Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Si Bone's Intangible Assets and Capital Stock is -0.22. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Si Bone, assuming nothing else is changed. The correlation between historical values of Si Bone's Intangible Assets and Capital 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 Intangible Assets of Si Bone are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Intangible Assets i.e., Si Bone's Intangible Assets and Capital Stock go up and down completely randomly.
Correlation Coefficient | -0.22 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Most indicators from Si Bone's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Si Bone 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 Si Bone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in SIBN Stock, please use our How to Invest in Si Bone guide.As of the 27th of September 2024, Enterprise Value is likely to grow to about 852.9 M, while Selling General Administrative is likely to drop about 18.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 79.7M | 90.7M | 109.4M | 62.6M | Total Revenue | 90.2M | 106.4M | 138.9M | 72.3M |
Si Bone fundamental ratios Correlations
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Si Bone Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Si Bone fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 24.7M | 29.1M | 33.1M | 34.2M | 38.4M | 22.4M | |
| Total Assets | 117.0M | 223.1M | 190.5M | 157.6M | 230.4M | 121.5M | |
| Other Current Liab | 272K | 10.2M | 1.3M | 13.5M | 17.5M | 18.3M | |
| Total Current Liabilities | 18.8M | 13.5M | 16.9M | 21.2M | 23.5M | 14.8M | |
| Total Stockholder Equity | 63.0M | 169.4M | 134.4M | 98.3M | 169.4M | 177.8M | |
| Property Plant And Equipment Net | 4.0M | 4.5M | 14.2M | 19.6M | 18.7M | 19.6M | |
| Net Debt | 28.8M | (14.1M) | (22.9M) | 18.7M | 5.7M | 6.0M | |
| Retained Earnings | (195.6M) | (239.3M) | (295.8M) | (357.1M) | (400.4M) | (380.4M) | |
| Accounts Payable | 2.8M | 3.3M | 3.2M | 6.3M | 4.6M | 3.4M | |
| Cash | 10.4M | 53.6M | 63.4M | 20.7M | 33.3M | 30.3M | |
| Non Current Assets Total | 5.5M | 4.9M | 14.6M | 19.9M | 19.0M | 20.0M | |
| Non Currrent Assets Other | 325K | 315K | 374K | 400K | 375K | 341.3K | |
| Other Assets | 315K | 374K | 400K | 375K | 337.5K | 406.6K | |
| Cash And Short Term Investments | 91.8M | 196.4M | 147.0M | 97.3M | 166.0M | 91.7M | |
| Net Receivables | 11.7M | 13.6M | 14.2M | 20.7M | 22.0M | 12.2M | |
| Non Current Liabilities Total | 35.2M | 40.3M | 39.2M | 38.1M | 37.6M | 41.6M | |
| Inventory | 5.5M | 5.6M | 11.5M | 17.3M | 20.2M | 21.3M | |
| Other Current Assets | 2.5M | 2.6M | 3.1M | 2.4M | 3.2M | 2.1M | |
| Other Stockholder Equity | 258.1M | 408.1M | 429.9M | 455.2M | 569.5M | 598.0M | |
| Total Liab | 54.0M | 53.8M | 56.1M | 59.3M | 61.1M | 72.0M | |
| Total Current Assets | 111.5M | 218.2M | 175.9M | 137.6M | 211.4M | 113.3M | |
| Common Stock | 3K | 258.1M | 408.1M | 429.9M | 455.2M | 3.8K | |
| Net Tangible Assets | 63.0M | 169.4M | 134.4M | 98.3M | 113.0M | 118.7M | |
| Long Term Debt | 34.9M | 39.5M | 35.0M | 35.2M | 36.1M | 35.2M | |
| Property Plant Equipment | 4.0M | 4.5M | 14.2M | 15.6M | 17.9M | 18.8M | |
| Long Term Debt Total | 39.0M | 34.9M | 39.5M | 35.2M | 40.4M | 37.0M | |
| Capital Surpluse | 246.9M | 258.1M | 408.1M | 455.2M | 523.4M | 549.6M | |
| Short Long Term Debt Total | 39.2M | 39.5M | 40.5M | 39.4M | 39.0M | 34.4M | |
| Other Liab | 362K | 854K | 57K | 30K | 27K | 25.7K | |
| Liabilities And Stockholders Equity | 117.0M | 223.1M | 190.5M | 157.6M | 230.4M | 155.7M | |
| Property Plant And Equipment Gross | 4.0M | 4.5M | 14.2M | 19.6M | 34.0M | 35.6M | |
| Accumulated Other Comprehensive Income | 464K | 524K | 352K | 232K | 335K | 322K | |
| Net Invested Capital | 102.2M | 208.8M | 169.4M | 133.5M | 205.4M | 134.8M | |
| Net Working Capital | 92.7M | 204.8M | 159.0M | 116.4M | 187.9M | 143.6M | |
| Short Term Investments | 81.3M | 142.9M | 83.6M | 76.6M | 132.7M | 112.6M |
Pair Trading with Si Bone
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 Si Bone 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 Si Bone will appreciate offsetting losses from the drop in the long position's value.Moving against SIBN Stock
The ability to find closely correlated positions to Si Bone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Si Bone 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 Si Bone - 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 Si Bone to buy it.
The correlation of Si Bone 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 Si Bone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Si Bone 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 Si Bone 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 Information and Resources on Investing in SIBN Stock
When determining whether Si Bone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Si Bone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Si Bone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Si Bone Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Si Bone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in SIBN Stock, please use our How to Invest in Si Bone guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Health Care Equipment & Supplies 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 Si Bone. If investors know SIBN 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 Si Bone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.00) | Revenue Per Share 3.695 | Quarterly Revenue Growth 0.2 | Return On Assets (0.13) | Return On Equity (0.24) |
The market value of Si Bone is measured differently than its book value, which is the value of SIBN that is recorded on the company's balance sheet. Investors also form their own opinion of Si Bone's value that differs from its market value or its book value, called intrinsic value, which is Si Bone'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 Si Bone's market value can be influenced by many factors that don't directly affect Si Bone'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 Si Bone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Si Bone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Si Bone'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.