Angel Net Receivables vs Total Assets Analysis
| AOMR Stock | USD 9.61 0.06 0.63% |
Angel Oak financial indicator trend analysis is way more than just evaluating Angel Oak Mortgage prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Angel Oak Mortgage is a good investment. Please check the relationship between Angel Oak Net Receivables and its Total Assets accounts. 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.
Net Receivables vs Total Assets
Net Receivables vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Angel Oak Mortgage Net Receivables account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Angel Oak's Net Receivables and Total Assets is -0.7. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Assets in the same time period over historical financial statements of Angel Oak Mortgage, assuming nothing else is changed. The correlation between historical values of Angel Oak's Net Receivables and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Angel Oak Mortgage are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Receivables i.e., Angel Oak's Net Receivables and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.7 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Receivables
Total Assets
Total assets refers to the total amount of Angel Oak assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Angel Oak Mortgage books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Angel Oak's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Selling General Administrative is relatively stable compared to the past year. As of 11/26/2024, Tax Provision is likely to grow to about 820 K, while Issuance Of Capital Stock is likely to drop 0.00.
| 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 fundamental ratios Correlations
Click cells to compare fundamentals
Angel Oak Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Angel Oak fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 434K | 100K | 1.3M | 1.0B | 687.8M | 382.3M | |
| Net Tangible Assets | 94.8M | 248.2M | 491.3M | 236.5M | 272.0M | 245.3M | |
| Retained Earnings | 3.6M | 2.6M | 11.5M | (218.0M) | (216.2M) | (205.4M) | |
| Other Assets | 185.5M | 152.3M | 1.8B | 1.8B | 1.6B | 1.0B | |
| Net Receivables | 4.2M | 5.1M | 26.0M | 17.5M | 7.5M | 7.1M | |
| Other Current Assets | (13.4M) | 7.5M | (78.3M) | (57.4M) | (52.0M) | (49.4M) | |
| Total Current Assets | 11.6M | 48.6M | 66.8M | 46.8M | 49.1M | 60.7M |
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.