Sable Net Income From Continuing Ops vs Net Income Analysis
| SOC Stock | 24.08 1.06 4.60% |
Sable Offshore financial indicator trend analysis is much more than just breaking down Sable Offshore Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sable Offshore Corp is a good investment. Please check the relationship between Sable Offshore Net Income From Continuing Ops and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sable Offshore 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 persons.
Net Income From Continuing Ops vs Net Income
Net Income From Continuing Ops vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sable Offshore Corp Net Income From Continuing Ops account and Net Income. At this time, the significance of the direction appears to have totally related.
The correlation between Sable Offshore's Net Income From Continuing Ops and Net Income is 0.99. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Net Income in the same time period over historical financial statements of Sable Offshore Corp, assuming nothing else is changed. The correlation between historical values of Sable Offshore's Net Income From Continuing Ops and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of Sable Offshore Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Income From Continuing Ops i.e., Sable Offshore's Net Income From Continuing Ops and Net Income go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income From Continuing Ops
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Sable Offshore Corp financial statement analysis. It represents the amount of money remaining after all of Sable Offshore Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Sable Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sable Offshore 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sable Offshore 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 persons. As of November 24, 2024, Tax Provision is expected to decline to about 612.8 K. In addition to that, Selling General Administrative is expected to decline to about 1.3 M
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 6.2M | 4.9M | 5.7M | 3.5M | Depreciation And Amortization | 6.2K | 4.9K | 4.4K | 3.9K |
Sable Offshore fundamental ratios Correlations
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Sable Offshore Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.When determining whether Sable Offshore Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sable Offshore's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sable Offshore Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sable Offshore Corp Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sable Offshore 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 persons. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sable Offshore. If investors know Sable will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sable Offshore listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.86) | Return On Assets (0.09) | Return On Equity (6.46) |
The market value of Sable Offshore Corp is measured differently than its book value, which is the value of Sable that is recorded on the company's balance sheet. Investors also form their own opinion of Sable Offshore's value that differs from its market value or its book value, called intrinsic value, which is Sable Offshore's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sable Offshore's market value can be influenced by many factors that don't directly affect Sable Offshore's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sable Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sable Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sable Offshore's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.