Oscar Long Term Debt vs Capital Stock Analysis
| OSCR Stock | USD 15.98 0.33 2.02% |
Oscar Health financial indicator trend analysis is much more than just breaking down Oscar Health prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oscar Health is a good investment. Please check the relationship between Oscar Health Long Term Debt and its Capital Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oscar Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Oscar Stock, please use our How to Invest in Oscar Health guide.
Long Term Debt vs Capital Stock
Long Term Debt vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oscar Health Long Term Debt account and Capital Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Oscar Health's Long Term Debt and Capital Stock is -0.55. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Oscar Health, assuming nothing else is changed. The correlation between historical values of Oscar Health's Long Term Debt and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Oscar Health are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Long Term Debt i.e., Oscar Health's Long Term Debt and Capital Stock go up and down completely randomly.
Correlation Coefficient | -0.55 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that Oscar Health has held for over one year. Long-term debt appears on Oscar Health balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Oscar Health balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Most indicators from Oscar Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oscar Health 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 Oscar Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Oscar Stock, please use our How to Invest in Oscar Health guide.As of 11/22/2024, Tax Provision is likely to grow to about 3.6 M, while Selling General Administrative is likely to drop slightly above 262.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 14.6M | 15.3M | 30.7M | 17.3M | Interest Income | 10.3M | 31.3M | 36.0M | 37.8M |
Oscar Health fundamental ratios Correlations
Click cells to compare fundamentals
Oscar Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Oscar Health
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 Oscar Health 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 Oscar Health will appreciate offsetting losses from the drop in the long position's value.Moving against Oscar Stock
| 0.54 | FLYW | Flywire Corp | PairCorr |
| 0.54 | RELY | Remitly Global | PairCorr |
| 0.42 | DLO | Dlocal | PairCorr |
| 0.42 | FIS | Fidelity National | PairCorr |
| 0.38 | MHLA | Maiden Holdings | PairCorr |
The ability to find closely correlated positions to Oscar Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oscar Health 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 Oscar Health - 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 Oscar Health to buy it.
The correlation of Oscar Health 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 Oscar Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oscar Health 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 Oscar Health 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 Oscar Stock Analysis
When running Oscar Health's price analysis, check to measure Oscar Health'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 Oscar Health is operating at the current time. Most of Oscar Health's value examination focuses on studying past and present price action to predict the probability of Oscar Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oscar Health's price. Additionally, you may evaluate how the addition of Oscar Health to your portfolios can decrease your overall portfolio volatility.