Omeros Income Tax Expense vs Tax Provision Analysis

OMER Stock

USD 11.35 0.56 4.70%

Omeros financial indicator trend analysis is much more than just breaking down Omeros prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Omeros is a good investment. Please check the relationship between Omeros Income Tax Expense and its Tax Provision accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omeros. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Omeros Stock, please use our How to Invest in Omeros guide.

Income Tax Expense vs Tax Provision

Income Tax Expense vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Omeros Income Tax Expense account and Tax Provision. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Omeros' Income Tax Expense and Tax Provision is -0.64. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Omeros, assuming nothing else is changed. The correlation between historical values of Omeros' Income Tax Expense and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Omeros are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Tax Expense i.e., Omeros' Income Tax Expense and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.64

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Income Tax Expense

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most indicators from Omeros' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Omeros 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 Omeros. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Omeros Stock, please use our How to Invest in Omeros guide.Omeros reported last year Tax Provision of (4.16 Million). As of 11/29/2024, Discontinued Operations is likely to grow to about 283.6 M, while Selling General Administrative is likely to drop slightly above 34.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	19.7M	22.7M	14.5M	9.7M
Depreciation And Amortization	1.4M	952K	920K	720.9K

Interest Expense Depreciation And Amortization

Omeros fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Common Stock Shares Outstanding		0.75	0.81	0.81	0.72	-0.08	0.76	-0.59	0.63	-0.48	0.72	0.43	0.65	0.41	0.62	0.78	0.54	0.99	0.69	0.59	0.43	0.46	0.65	0.74	0.76	0.42
Total Assets	0.75		0.93	0.52	0.85	0.06	0.75	-0.4	0.9	-0.52	0.6	0.48	0.94	0.77	0.93	0.95	0.74	0.69	0.86	0.85	0.6	0.74	0.91	0.78	0.98	0.72
Short Long Term Debt Total	0.81	0.93		0.65	0.7	-0.03	0.84	-0.48	0.9	-0.53	0.63	0.48	0.93	0.74	0.92	0.97	0.49	0.78	0.87	0.84	0.76	0.65	0.88	0.88	0.88	0.47
Other Current Liab	0.81	0.52	0.65		0.59	-0.25	0.79	-0.51	0.41	-0.33	0.53	0.25	0.44	0.25	0.37	0.58	0.33	0.81	0.53	0.44	0.39	0.07	0.49	0.77	0.54	0.18
Total Current Liabilities	0.72	0.85	0.7	0.59		0.03	0.65	-0.33	0.65	-0.35	0.41	0.23	0.65	0.58	0.61	0.73	0.92	0.66	0.71	0.6	0.24	0.44	0.71	0.62	0.91	0.9
Total Stockholder Equity	-0.08	0.06	-0.03	-0.25	0.03		-0.47	0.07	0.33	0.68	0.18	0.08	0.08	0.15	0.12	-0.05	0.15	-0.13	-0.08	-0.32	-0.01	0.29	-0.27	-0.43	0.05	0.13
Property Plant And Equipment Net	0.76	0.75	0.84	0.79	0.65	-0.47		-0.44	0.54	-0.67	0.55	0.5	0.72	0.42	0.67	0.79	0.44	0.73	0.66	0.79	0.51	0.29	0.81	0.99	0.72	0.35
Current Deferred Revenue	-0.59	-0.4	-0.48	-0.51	-0.33	0.07	-0.44		-0.38	0.27	-0.47	-0.18	-0.36	-0.26	-0.34	-0.43	-0.24	-0.56	-0.41	-0.38	-0.31	-0.25	-0.39	-0.44	-0.4	-0.15
Net Debt	0.63	0.9	0.9	0.41	0.65	0.33	0.54	-0.38		-0.33	0.56	0.35	0.93	0.88	0.94	0.88	0.5	0.61	0.83	0.72	0.79	0.82	0.76	0.63	0.84	0.54
Retained Earnings	-0.48	-0.52	-0.53	-0.33	-0.35	0.68	-0.67	0.27	-0.33		-0.28	-0.24	-0.54	-0.4	-0.52	-0.57	-0.21	-0.51	-0.53	-0.73	-0.43	-0.49	-0.7	-0.68	-0.48	-0.23
Accounts Payable	0.72	0.6	0.63	0.53	0.41	0.18	0.55	-0.47	0.56	-0.28		0.79	0.65	0.19	0.62	0.57	0.35	0.66	0.31	0.45	0.31	0.53	0.47	0.54	0.53	0.14
Cash	0.43	0.48	0.48	0.25	0.23	0.08	0.5	-0.18	0.35	-0.24	0.79		0.56	-0.05	0.54	0.43	0.3	0.35	0.07	0.43	0.08	0.39	0.42	0.46	0.4	0.07
Non Current Assets Total	0.65	0.94	0.93	0.44	0.65	0.08	0.72	-0.36	0.93	-0.54	0.65	0.56		0.79	0.99	0.91	0.51	0.62	0.77	0.86	0.74	0.79	0.88	0.79	0.85	0.51
Non Currrent Assets Other	0.41	0.77	0.74	0.25	0.58	0.15	0.42	-0.26	0.88	-0.4	0.19	-0.05	0.79		0.81	0.76	0.4	0.42	0.86	0.69	0.82	0.72	0.72	0.53	0.72	0.57
Other Assets	0.62	0.93	0.92	0.37	0.61	0.12	0.67	-0.34	0.94	-0.52	0.62	0.54	0.99	0.81		0.9	0.48	0.59	0.78	0.85	0.76	0.82	0.86	0.74	0.84	0.5
Cash And Short Term Investments	0.78	0.95	0.97	0.58	0.73	-0.05	0.79	-0.43	0.88	-0.57	0.57	0.43	0.91	0.76	0.9		0.56	0.75	0.93	0.86	0.73	0.68	0.9	0.83	0.93	0.56
Net Receivables	0.54	0.74	0.49	0.33	0.92	0.15	0.44	-0.24	0.5	-0.21	0.35	0.3	0.51	0.4	0.48	0.56		0.44	0.49	0.47	-0.05	0.43	0.58	0.38	0.82	0.94
Common Stock Total Equity	0.99	0.69	0.78	0.81	0.66	-0.13	0.73	-0.56	0.61	-0.51	0.66	0.35	0.62	0.42	0.59	0.75	0.44		0.68	0.58	0.47	0.46	0.62	0.73	0.7	0.35
Short Term Investments	0.69	0.86	0.87	0.53	0.71	-0.08	0.66	-0.41	0.83	-0.53	0.31	0.07	0.77	0.86	0.78	0.93	0.49	0.68		0.78	0.78	0.59	0.82	0.73	0.86	0.59
Non Current Liabilities Total	0.59	0.85	0.84	0.44	0.6	-0.32	0.79	-0.38	0.72	-0.73	0.45	0.43	0.86	0.69	0.85	0.86	0.47	0.58	0.78		0.64	0.62	0.99	0.83	0.8	0.5
Other Current Assets	0.43	0.6	0.76	0.39	0.24	-0.01	0.51	-0.31	0.79	-0.43	0.31	0.08	0.74	0.82	0.76	0.73	-0.05	0.47	0.78	0.64		0.57	0.62	0.63	0.49	0.07
Other Stockholder Equity	0.46	0.74	0.65	0.07	0.44	0.29	0.29	-0.25	0.82	-0.49	0.53	0.39	0.79	0.72	0.82	0.68	0.43	0.46	0.59	0.62	0.57		0.64	0.36	0.66	0.46
Total Liab	0.65	0.91	0.88	0.49	0.71	-0.27	0.81	-0.39	0.76	-0.7	0.47	0.42	0.88	0.72	0.86	0.9	0.58	0.62	0.82	0.99	0.62	0.64		0.85	0.87	0.6
Property Plant And Equipment Gross	0.74	0.78	0.88	0.77	0.62	-0.43	0.99	-0.44	0.63	-0.68	0.54	0.46	0.79	0.53	0.74	0.83	0.38	0.73	0.73	0.83	0.63	0.36	0.85		0.73	0.33
Total Current Assets	0.76	0.98	0.88	0.54	0.91	0.05	0.72	-0.4	0.84	-0.48	0.53	0.4	0.85	0.72	0.84	0.93	0.82	0.7	0.86	0.8	0.49	0.66	0.87	0.73		0.8
Short Term Debt	0.42	0.72	0.47	0.18	0.9	0.13	0.35	-0.15	0.54	-0.23	0.14	0.07	0.51	0.57	0.5	0.56	0.94	0.35	0.59	0.5	0.07	0.46	0.6	0.33	0.8

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Omeros Account Relationship Matchups

Omeros fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	49.5M	57.2M	62.3M	62.7M	62.7M	38.8M
Total Assets	137.0M	181.0M	419.3M	591.0M	378.3M	397.2M
Short Long Term Debt Total	161.7M	240.1M	347.8M	342.0M	361.6M	379.7M
Other Current Liab	46.6M	28.8M	27.5M	25.7M	31.9M	17.7M
Total Current Liabilities	55.5M	36.7M	51.8M	136.7M	53.3M	35.4M
Total Stockholder Equity	(734.6M)	(872.7M)	23.8M	85.7M	(25.0M)	(26.2M)
Property Plant And Equipment Net	30.9M	28.1M	30.0M	23.3M	20.6M	21.6M
Net Debt	32.7M	22.1M	247.0M	331.0M	354.5M	372.2M
Retained Earnings	(734.6M)	(872.7M)	(683.1M)	(635.7M)	(753.5M)	(715.9M)
Accounts Payable	5.3M	4.2M	13.4M	6.0M	7.7M	5.1M
Cash	3.1M	10.5M	100.8M	11.0M	7.1M	11.3M
Non Current Assets Total	33.2M	29.8M	171.4M	147.7M	160.4M	168.4M
Non Currrent Assets Other	1.2M	625K	67K	124.5M	139.8M	146.8M
Other Assets	2.3M	27.2M	141.4M	124.5M	143.2M	150.3M
Cash And Short Term Investments	60.8M	135.0M	157.3M	194.9M	171.8M	180.4M
Net Receivables	35.2M	3.8M	82.5M	242.0M	6.7M	6.4M
Common Stock Total Equity	542K	616K	626K	628K	722.2K	404.0K
Short Term Investments	57.7M	124.5M	56.5M	183.9M	164.7M	173.0M
Liabilities And Stockholders Equity	(488.6M)	(570.9M)	419.3M	591.0M	378.3M	397.2M
Non Current Liabilities Total	190.5M	265.1M	343.7M	368.6M	349.9M	367.4M
Other Current Assets	6.6M	11.1M	8.1M	6.3M	39.3M	41.3M
Other Stockholder Equity	(542K)	(616K)	706.3M	720.8M	727.9M	764.3M
Total Liab	246.0M	301.8M	395.5M	505.3M	403.3M	423.4M
Property Plant And Equipment Gross	30.9M	28.1M	30.0M	23.3M	26.7M	28.1M
Total Current Assets	103.7M	151.3M	247.9M	443.2M	217.9M	228.8M
Short Term Debt	3.5M	3.8M	10.5M	99.8M	13.7M	12.0M
Common Stock	542K	616K	626K	721.4M	611K	580.5K
Property Plant Equipment	3.8M	28.1M	30.0M	23.3M	26.7M	28.1M
Long Term Debt	158.2M	236.3M	313.5M	220.9M	254.0M	266.7M
Net Tangible Assets	(76.7M)	(92.0M)	52.9M	233.2M	268.2M	281.6M
Retained Earnings Total Equity	(734.6M)	(872.7M)	(683.1M)	(635.7M)	(572.1M)	(600.8M)
Long Term Debt Total	158.2M	236.3M	313.5M	220.9M	254.0M	159.7M
Capital Surpluse	625.0M	751.3M	706.3M	720.8M	828.9M	593.0M
Inventory	52.5M	48.3M	114.5M	8.6M	9.9M	9.4M
Other Liab	8.7M	8.2M	1.1M	444K	399.6K	379.6K
Capital Lease Obligations	35.8M	32.6M	34.4M	26.7M	30.7M	20.9M

Pair Trading with Omeros

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 Omeros 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 Omeros will appreciate offsetting losses from the drop in the long position's value.

Moving together with Omeros Stock

0.64

FNMFO

Federal National Mortgage

Pair Corr

Moving against Omeros Stock

0.67	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.61	BCH	Banco De Chile	Pair Corr
0.53	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.48	HLN	Haleon plc	Pair Corr
0.48	ANRO	Alto Neuroscience,	Pair Corr

The ability to find closely correlated positions to Omeros could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Omeros 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 Omeros - 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 Omeros to buy it.

The correlation of Omeros 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 Omeros moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Omeros 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 Omeros 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.

Pair Correlation Correlation Matching

Additional Tools for Omeros Stock Analysis

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

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