SoundHound Ev To Free Cash Flow vs Cash Ratio Analysis

SOUN Stock

USD 8.25 1.27 18.19%

SoundHound financial indicator trend analysis is much more than just breaking down SoundHound AI prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SoundHound AI is a good investment. Please check the relationship between SoundHound Ev To Free Cash Flow and its Cash Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoundHound AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Ev To Free Cash Flow vs Cash Ratio

Ev To Free Cash Flow vs Cash Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SoundHound AI Ev To Free Cash Flow account and Cash Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between SoundHound's Ev To Free Cash Flow and Cash Ratio is -0.44. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Cash Ratio in the same time period over historical financial statements of SoundHound AI, assuming nothing else is changed. The correlation between historical values of SoundHound's Ev To Free Cash Flow and Cash Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Free Cash Flow of SoundHound AI are associated (or correlated) with its Cash Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Ratio has no effect on the direction of Ev To Free Cash Flow i.e., SoundHound's Ev To Free Cash Flow and Cash Ratio go up and down completely randomly.

Correlation Coefficient

-0.44

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.

Cash Ratio

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

At this time, SoundHound's Issuance Of Capital Stock is very stable compared to the past year. As of the 23rd of November 2024, Sales General And Administrative To Revenue is likely to grow to 1.18, while Selling General Administrative is likely to drop about 22.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	14.6M	21.5M	34.6M	17.8M
Total Revenue	21.2M	31.1M	45.9M	26.2M

Gross Profit Total Revenue

SoundHound fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	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 Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock
Total Assets		0.51	-0.11	-0.2	0.27	-0.32	0.27	-0.32	-0.19	-0.48	-0.52	0.79	0.87	0.74	0.41	0.82	0.78	0.59	-0.56	0.01	0.0	0.54	-0.03	0.82	0.55	0.54
Short Long Term Debt Total	0.51		-0.83	0.66	-0.39	-0.85	0.89	0.61	0.72	-0.88	0.27	0.6	0.8	0.67	0.94	0.43	0.5	0.88	-0.56	0.54	0.86	0.52	0.58	0.47	0.93	0.74
Other Current Liab	-0.11	-0.83		-0.61	0.34	0.79	-0.89	-0.71	-0.81	0.89	-0.39	-0.38	-0.5	-0.55	-0.86	-0.17	-0.36	-0.85	0.49	-0.42	-0.94	-0.6	-0.46	-0.23	-0.82	-0.8
Total Current Liabilities	-0.2	0.66	-0.61		-0.72	-0.59	0.67	0.94	0.88	-0.44	0.74	0.06	0.16	0.1	0.6	-0.11	-0.1	0.3	-0.18	0.67	0.85	-0.06	0.75	-0.08	0.46	0.18
Total Stockholder Equity	0.27	-0.39	0.34	-0.72		0.06	-0.15	-0.8	-0.54	0.12	-0.95	0.1	0.18	0.27	-0.25	0.28	0.43	-0.14	-0.18	-0.93	-0.53	0.5	-0.94	0.29	-0.4	0.17
Other Liab	-0.32	-0.85	0.79	-0.59	0.06		-0.96	-0.47	-0.8	0.75	-0.06	-0.33	-0.75	-0.58	-0.95	-0.21	-0.43	-0.74	0.43	-0.1	-0.82	-0.63	-0.18	-0.27	-0.65	-0.7
Net Tangible Assets	0.27	0.89	-0.89	0.67	-0.15	-0.96		0.61	0.82	-0.87	0.17	0.45	0.7	0.67	0.93	0.31	0.5	0.79	-0.58	0.25	0.9	0.67	0.32	0.36	0.74	0.79
Property Plant And Equipment Net	-0.32	0.61	-0.71	0.94	-0.8	-0.47	0.61		0.85	-0.5	0.86	0.07	0.03	0.08	0.53	-0.14	-0.13	0.36	-0.19	0.77	0.87	-0.04	0.82	-0.11	0.52	0.24
Net Debt	-0.19	0.72	-0.81	0.88	-0.54	-0.8	0.82	0.85		-0.55	0.62	-0.04	0.28	0.14	0.8	-0.23	-0.07	0.51	-0.1	0.45	0.94	0.18	0.53	-0.18	0.54	0.37
Retained Earnings	-0.48	-0.88	0.89	-0.44	0.12	0.75	-0.87	-0.5	-0.55		-0.09	-0.75	-0.74	-0.86	-0.82	-0.6	-0.73	-0.92	0.8	-0.36	-0.78	-0.8	-0.37	-0.65	-0.9	-0.95
Accounts Payable	-0.52	0.27	-0.39	0.74	-0.95	-0.06	0.17	0.86	0.62	-0.09		-0.27	-0.35	-0.37	0.2	-0.46	-0.54	0.06	0.25	0.82	0.57	-0.48	0.85	-0.46	0.27	-0.18
Cash	0.79	0.6	-0.38	0.06	0.1	-0.33	0.45	0.07	-0.04	-0.75	-0.27		0.74	0.93	0.4	0.97	0.92	0.65	-0.92	0.27	0.27	0.67	0.23	0.98	0.69	0.76
Non Current Assets Total	0.87	0.8	-0.5	0.16	0.18	-0.75	0.7	0.03	0.28	-0.74	-0.35	0.74		0.84	0.78	0.7	0.79	0.8	-0.64	0.05	0.43	0.73	0.06	0.73	0.73	0.76
Non Currrent Assets Other	0.74	0.67	-0.55	0.1	0.27	-0.58	0.67	0.08	0.14	-0.86	-0.37	0.93	0.84		0.58	0.89	0.97	0.76	-0.94	0.06	0.41	0.88	0.05	0.92	0.69	0.92
Other Assets	0.41	0.94	-0.86	0.6	-0.25	-0.95	0.93	0.53	0.8	-0.82	0.2	0.4	0.78	0.58		0.24	0.4	0.87	-0.4	0.32	0.86	0.57	0.38	0.29	0.84	0.72
Cash And Short Term Investments	0.82	0.43	-0.17	-0.11	0.28	-0.21	0.31	-0.14	-0.23	-0.6	-0.46	0.97	0.7	0.89	0.24		0.94	0.5	-0.89	0.09	0.06	0.64	0.05	1.0	0.51	0.66
Net Receivables	0.78	0.5	-0.36	-0.1	0.43	-0.43	0.5	-0.13	-0.07	-0.73	-0.54	0.92	0.79	0.97	0.4	0.94		0.63	-0.92	-0.09	0.19	0.86	-0.11	0.96	0.54	0.83
Common Stock Shares Outstanding	0.59	0.88	-0.85	0.3	-0.14	-0.74	0.79	0.36	0.51	-0.92	0.06	0.65	0.8	0.76	0.87	0.5	0.63		-0.59	0.34	0.71	0.74	0.34	0.54	0.95	0.89
Short Term Investments	-0.56	-0.56	0.49	-0.18	-0.18	0.43	-0.58	-0.19	-0.1	0.8	0.25	-0.92	-0.64	-0.94	-0.4	-0.89	-0.92	-0.59		-0.16	-0.38	-0.77	-0.15	-0.91	-0.59	-0.82
Non Current Liabilities Total	0.01	0.54	-0.42	0.67	-0.93	-0.1	0.25	0.77	0.45	-0.36	0.82	0.27	0.05	0.06	0.32	0.09	-0.09	0.34	-0.16		0.56	-0.26	0.99	0.08	0.61	0.09
Other Current Assets	0.0	0.86	-0.94	0.85	-0.53	-0.82	0.9	0.87	0.94	-0.78	0.57	0.27	0.43	0.41	0.86	0.06	0.19	0.71	-0.38	0.56		0.38	0.62	0.11	0.76	0.61
Other Stockholder Equity	0.54	0.52	-0.6	-0.06	0.5	-0.63	0.67	-0.04	0.18	-0.8	-0.48	0.67	0.73	0.88	0.57	0.64	0.86	0.74	-0.77	-0.26	0.38		-0.26	0.68	0.54	0.94
Total Liab	-0.03	0.58	-0.46	0.75	-0.94	-0.18	0.32	0.82	0.53	-0.37	0.85	0.23	0.06	0.05	0.38	0.05	-0.11	0.34	-0.15	0.99	0.62	-0.26		0.04	0.61	0.09
Total Current Assets	0.82	0.47	-0.23	-0.08	0.29	-0.27	0.36	-0.11	-0.18	-0.65	-0.46	0.98	0.73	0.92	0.29	1.0	0.96	0.54	-0.91	0.08	0.11	0.68	0.04		0.54	0.7
Intangible Assets	0.55	0.93	-0.82	0.46	-0.4	-0.65	0.74	0.52	0.54	-0.9	0.27	0.69	0.73	0.69	0.84	0.51	0.54	0.95	-0.59	0.61	0.76	0.54	0.61	0.54		0.78
Common Stock	0.54	0.74	-0.8	0.18	0.17	-0.7	0.79	0.24	0.37	-0.95	-0.18	0.76	0.76	0.92	0.72	0.66	0.83	0.89	-0.82	0.09	0.61	0.94	0.09	0.7	0.78

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SoundHound Account Relationship Matchups

Pair Trading with SoundHound

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

Moving together with SoundHound Stock

0.86	DJCO	Daily Journal Corp	Pair Corr
0.76	AI	C3 Ai Inc Trending	Pair Corr
0.78	BL	Blackline	Pair Corr

Moving against SoundHound Stock

0.54	VTEX	VTEX	Pair Corr
0.44	DMAN	Innovativ Media Group	Pair Corr
0.4	VERB	VERB TECHNOLOGY PANY Trending	Pair Corr

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

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

When determining whether SoundHound AI is a strong investment it is important to analyze SoundHound's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SoundHound's future performance. For an informed investment choice regarding SoundHound Stock, refer to the following important reports:

How To Invest In SoundHound

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Is SoundHound Stock a good investment?

Details

What is SoundHound's Net Worth?

Details

Largest Application Software Companies

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Largest Software - Application Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoundHound AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Is Application Software 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 SoundHound. If investors know SoundHound 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 SoundHound listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.35)

Revenue Per Share

0.219

Quarterly Revenue Growth

0.891

Return On Assets

(0.18)

Return On Equity

(0.68)

The market value of SoundHound AI is measured differently than its book value, which is the value of SoundHound that is recorded on the company's balance sheet. Investors also form their own opinion of SoundHound's value that differs from its market value or its book value, called intrinsic value, which is SoundHound'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 SoundHound's market value can be influenced by many factors that don't directly affect SoundHound'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 SoundHound's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoundHound is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoundHound'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.

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SoundHound Ev To Free Cash Flow vs Cash Ratio Analysis

Ev To Free Cash Flow vs Cash Ratio

Ev To Free Cash Flow vs Cash Ratio Correlation Analysis

Correlation Coefficient

Ev To Free Cash Flow

Cash Ratio

SoundHound fundamental ratios Correlations

SoundHound Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with SoundHound

Moving together with SoundHound Stock

Moving against SoundHound Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 0.99	Non Current Liabilities Total
Total Current Assets	+ 0.98	Cash
Cash And Short Term Investments	+ 0.97	Cash
Net Receivables	+ 0.97	Non Currrent Assets Other
Total Current Assets	+ 0.96	Net Receivables

Net Tangible Assets	- 0.96	Other Liab
Common Stock	- 0.95	Retained Earnings
Other Assets	- 0.95	Other Liab
Accounts Payable	- 0.95	Total Stockholder Equity
Short Term Investments	- 0.94	Non Currrent Assets Other
Total Liab	- 0.94	Total Stockholder Equity