Sobr Historical Income Statement
| SOBR Stock | USD 3.96 0.22 5.26% |
Historical analysis of Sobr Safe income statement accounts such as Total Revenue of 165.2 K, Other Operating Expenses of 10.2 M, Cost Of Revenue of 504.4 K or Total Operating Expenses of 9.7 M can show how well Sobr Safe performed in making a profits. Evaluating Sobr Safe income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sobr Safe's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Sobr Safe latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Sobr Safe is a good buy for the upcoming year.
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About Sobr Income Statement Analysis
Sobr Safe Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Sobr Safe shareholders. The income statement also shows Sobr investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Sobr Safe Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Sobr Safe. It is also known as Sobr Safe overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Sobr Safe's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Sobr Safe current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sobr Safe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in Sobr Stock, please use our How to Invest in Sobr Safe guide.At this time, Sobr Safe's Minority Interest is relatively stable compared to the past year.
| 2021 | 2023 | 2024 (projected) | Interest Expense | 2.3M | 804.3K | 693.1K | Depreciation And Amortization | 385.5K | 443.3K | 465.4K |
Sobr Safe income statement Correlations
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Sobr Safe Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Sobr Safe
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 Sobr Safe 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 Sobr Safe will appreciate offsetting losses from the drop in the long position's value.Moving together with Sobr Stock
Moving against Sobr Stock
| 0.82 | TDY | Teledyne Technologies Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.8 | ESE | ESCO Technologies | PairCorr |
| 0.78 | GNSS | Genasys Fiscal Year End 5th of December 2024 | PairCorr |
| 0.78 | ITRI | Itron Inc | PairCorr |
| 0.71 | WELX | Winland Holdings | PairCorr |
The ability to find closely correlated positions to Sobr Safe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sobr Safe 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 Sobr Safe - 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 Sobr Safe to buy it.
The correlation of Sobr Safe 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 Sobr Safe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sobr Safe 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 Sobr Safe 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 Sobr Stock Analysis
When running Sobr Safe's price analysis, check to measure Sobr Safe'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 Sobr Safe is operating at the current time. Most of Sobr Safe's value examination focuses on studying past and present price action to predict the probability of Sobr Safe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sobr Safe's price. Additionally, you may evaluate how the addition of Sobr Safe to your portfolios can decrease your overall portfolio volatility.