Angel Historical Income Statement
| AOMR Stock | USD 9.61 0.06 0.63% |
Historical analysis of Angel Oak income statement accounts such as Net Interest Income of 38.4 M, Interest Income of 74.1 M or Depreciation And Amortization of 60.4 M can show how well Angel Oak Mortgage performed in making a profits. Evaluating Angel Oak income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Angel Oak's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Angel Oak Mortgage latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Angel Oak Mortgage is a good buy for the upcoming year.
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About Angel Income Statement Analysis
Angel Oak Mortgage Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Angel Oak shareholders. The income statement also shows Angel investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Angel Oak Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of Angel Oak Mortgage minus its cost of goods sold. It is profit before Angel Oak operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Angel Oak Mortgage. It is also known as Angel Oak overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Angel Oak Mortgage income statement and represents the costs associated with goods and services Angel Oak provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Angel Oak's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Angel Oak Mortgage current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Angel Oak Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. At this time, Angel Oak's Total Operating Expenses is relatively stable compared to the past year. As of 11/25/2024, Income Before Tax is likely to grow to about 36.7 M, while Interest Income is likely to drop slightly above 74.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 60.6M | 115.5M | 100.0M | 74.1M | Net Interest Income | 49.1M | 52.5M | 28.1M | 38.4M |
Angel Oak income statement Correlations
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Angel Oak Account Relationship Matchups
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Angel Oak income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 7.9M | 7.5M | 11.5M | 63.0M | 67.1M | 70.4M | |
| Net Income Applicable To Common Shares | 5.1M | 721K | 21.1M | (187.8M) | (169.1M) | (160.6M) |
Pair Trading with Angel Oak
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 Angel Oak 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 Angel Oak will appreciate offsetting losses from the drop in the long position's value.Moving against Angel Stock
| 0.81 | CG | Carlyle Group | PairCorr |
| 0.79 | LX | Lexinfintech Holdings | PairCorr |
| 0.78 | AC | Associated Capital | PairCorr |
| 0.78 | MA | Mastercard | PairCorr |
| 0.77 | AB | AllianceBernstein | PairCorr |
The ability to find closely correlated positions to Angel Oak could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Angel Oak 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 Angel Oak - 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 Angel Oak Mortgage to buy it.
The correlation of Angel Oak 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 Angel Oak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Angel Oak Mortgage 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 Angel Oak 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 Angel Stock Analysis
When running Angel Oak's price analysis, check to measure Angel Oak'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 Angel Oak is operating at the current time. Most of Angel Oak's value examination focuses on studying past and present price action to predict the probability of Angel Oak's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Angel Oak's price. Additionally, you may evaluate how the addition of Angel Oak to your portfolios can decrease your overall portfolio volatility.