OmniAb Other Assets vs Common Stock Shares Outstanding Analysis

OABIW Stock  USD 0.34  0.06  21.43%   
OmniAb financial indicator trend analysis is much more than just breaking down OmniAb Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OmniAb Inc is a good investment. Please check the relationship between OmniAb Other Assets and its Common Stock Shares Outstanding accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OmniAb Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Other Assets vs Common Stock Shares Outstanding

Other Assets vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OmniAb Inc Other Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between OmniAb's Other Assets and Common Stock Shares Outstanding is 0.6. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of OmniAb Inc, assuming nothing else is changed. The correlation between historical values of OmniAb's Other Assets and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of OmniAb Inc are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Other Assets i.e., OmniAb's Other Assets and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Assets

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from OmniAb's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OmniAb Inc 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 OmniAb Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Sales General And Administrative To Revenue is likely to climb to 1.02 in 2024, whereas Tax Provision is likely to drop (5.2 M) in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit19.8M42.8M14.7M26.1M
Total Revenue34.7M59.1M34.2M37.3M

OmniAb fundamental ratios Correlations

0.960.250.940.990.970.010.850.9-0.53-0.560.480.81-0.820.740.990.90.98-0.59-0.930.160.860.920.96-0.260.97
0.960.070.940.951.00.170.960.81-0.45-0.520.430.84-0.820.630.960.850.96-0.57-0.890.280.780.911.0-0.110.92
0.250.070.340.190.1-0.01-0.080.41-0.160.10.520.21-0.10.520.210.440.160.360.010.110.120.050.060.020.08
0.940.940.340.90.950.310.890.92-0.38-0.50.550.86-0.880.80.920.960.89-0.46-0.790.40.660.790.940.040.83
0.990.950.190.90.97-0.080.840.85-0.53-0.570.40.81-0.760.650.980.840.99-0.62-0.960.050.90.960.96-0.360.99
0.971.00.10.950.970.120.940.82-0.48-0.510.450.83-0.810.650.970.860.97-0.57-0.90.260.810.920.99-0.140.93
0.010.17-0.010.31-0.080.120.390.260.53-0.210.020.36-0.430.22-0.070.29-0.11-0.050.120.67-0.49-0.220.170.81-0.17
0.850.96-0.080.890.840.940.390.74-0.21-0.560.260.87-0.80.50.830.760.84-0.6-0.810.340.590.810.950.040.8
0.90.810.410.920.850.820.260.74-0.29-0.680.440.82-0.90.870.820.950.78-0.59-0.790.250.60.690.84-0.050.8
-0.53-0.45-0.16-0.38-0.53-0.480.53-0.21-0.29-0.26-0.760.050.3-0.51-0.64-0.46-0.6-0.040.39-0.2-0.72-0.51-0.420.23-0.54
-0.56-0.520.1-0.5-0.57-0.51-0.21-0.56-0.68-0.260.35-0.760.6-0.3-0.43-0.44-0.460.930.740.28-0.36-0.53-0.580.33-0.62
0.480.430.520.550.40.450.020.260.44-0.760.350.07-0.470.760.550.670.460.32-0.140.680.370.250.390.330.32
0.810.840.210.860.810.830.360.870.820.05-0.760.07-0.70.470.740.730.75-0.65-0.810.060.530.760.85-0.140.76
-0.82-0.82-0.1-0.88-0.76-0.81-0.43-0.8-0.90.30.6-0.47-0.7-0.85-0.77-0.91-0.710.610.71-0.51-0.47-0.59-0.85-0.21-0.72
0.740.630.520.80.650.650.220.50.87-0.51-0.30.760.47-0.850.710.930.62-0.26-0.510.530.460.440.650.20.59
0.990.960.210.920.980.97-0.070.830.82-0.64-0.430.550.74-0.770.710.870.99-0.5-0.90.190.90.940.95-0.260.96
0.90.850.440.960.840.860.290.760.95-0.46-0.440.670.73-0.910.930.870.81-0.39-0.710.480.60.670.860.120.77
0.980.960.160.890.990.97-0.110.840.78-0.6-0.460.460.75-0.710.620.990.81-0.54-0.920.10.920.970.95-0.340.97
-0.59-0.570.36-0.46-0.62-0.57-0.05-0.6-0.59-0.040.930.32-0.650.61-0.26-0.5-0.39-0.540.810.28-0.49-0.62-0.640.4-0.7
-0.93-0.890.01-0.79-0.96-0.90.12-0.81-0.790.390.74-0.14-0.810.71-0.51-0.9-0.71-0.920.810.14-0.88-0.96-0.910.49-0.98
0.160.280.110.40.050.260.670.340.25-0.20.280.680.06-0.510.530.190.480.10.280.14-0.19-0.120.250.88-0.05
0.860.780.120.660.90.81-0.490.590.6-0.72-0.360.370.53-0.470.460.90.60.92-0.49-0.88-0.190.940.78-0.620.93
0.920.910.050.790.960.92-0.220.810.69-0.51-0.530.250.76-0.590.440.940.670.97-0.62-0.96-0.120.940.91-0.510.97
0.961.00.060.940.960.990.170.950.84-0.42-0.580.390.85-0.850.650.950.860.95-0.64-0.910.250.780.91-0.130.93
-0.26-0.110.020.04-0.36-0.140.810.04-0.050.230.330.33-0.14-0.210.2-0.260.12-0.340.40.490.88-0.62-0.51-0.13-0.45
0.970.920.080.830.990.93-0.170.80.8-0.54-0.620.320.76-0.720.590.960.770.97-0.7-0.98-0.050.930.970.93-0.45
Click cells to compare fundamentals

OmniAb Account Relationship Matchups

Also Currently Popular

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.

Additional Tools for OmniAb Stock Analysis

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