OPRT Stock | | | USD 3.16 0.13 4.29% |
Oportun Financial financial indicator trend analysis is much more than just breaking down Oportun Financial Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oportun Financial Corp is a good investment. Please check the relationship between Oportun Financial Property Plant And Equipment Net and its Total Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oportun Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Property Plant And Equipment Net vs Total Assets
Property Plant And Equipment Net vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Oportun Financial Corp Property Plant And Equipment Net account and
Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Oportun Financial's Property Plant And Equipment Net and Total Assets is 0.65. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Assets in the same time period over historical financial statements of Oportun Financial Corp, assuming nothing else is changed. The correlation between historical values of Oportun Financial's Property Plant And Equipment Net 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 Property Plant And Equipment Net of Oportun Financial Corp 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 Property Plant And Equipment Net i.e., Oportun Financial's Property Plant And Equipment Net and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Total Assets
Total assets refers to the total amount of Oportun Financial 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 Oportun Financial Corp 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 Oportun Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oportun Financial Corp 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 Oportun Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Sales General And Administrative To Revenue is likely to gain to 0.19 in 2024, whereas
Selling General Administrative is likely to drop slightly above 133.9
M in 2024.
Oportun Financial fundamental ratios Correlations
Click cells to compare fundamentals
Oportun Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oportun Financial fundamental ratios Accounts
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Additional Tools for Oportun Stock Analysis
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