STRATA Other Stockholder Equity vs Net Debt Analysis

SSKN Stock  USD 3.03  0.07  2.36%   
STRATA Skin financial indicator trend analysis is much more than just breaking down STRATA Skin Sciences prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether STRATA Skin Sciences is a good investment. Please check the relationship between STRATA Skin Other Stockholder Equity and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STRATA Skin Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Other Stockholder Equity vs Net Debt

Other Stockholder Equity vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of STRATA Skin Sciences Other Stockholder Equity account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between STRATA Skin's Other Stockholder Equity and Net Debt is 0.18. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of STRATA Skin Sciences, assuming nothing else is changed. The correlation between historical values of STRATA Skin's Other Stockholder Equity and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of STRATA Skin Sciences are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Other Stockholder Equity i.e., STRATA Skin's Other Stockholder Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

0.18
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Stockholder Equity

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from STRATA Skin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into STRATA Skin Sciences 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 STRATA Skin Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
As of the 28th of November 2024, Selling General Administrative is likely to drop to about 8.9 M. In addition to that, Tax Provision is likely to grow to about (87.4 K)

STRATA Skin fundamental ratios Correlations

0.73-0.770.860.420.520.830.150.310.730.580.330.720.270.210.20.570.610.690.130.90.180.50.310.21-0.57
0.73-0.570.390.590.850.680.090.260.160.090.40.45-0.370.730.730.10.510.330.40.440.34-0.160.05-0.07-0.65
-0.77-0.57-0.76-0.28-0.37-0.920.03-0.26-0.69-0.58-0.39-0.68-0.37-0.06-0.06-0.68-0.54-0.6-0.13-0.76-0.29-0.3-0.61-0.470.83
0.860.39-0.760.250.090.670.060.150.930.740.230.60.67-0.22-0.220.830.50.79-0.210.95-0.030.740.360.46-0.42
0.420.59-0.280.250.420.410.01-0.130.04-0.10.570.19-0.220.370.37-0.070.390.350.060.360.15-0.060.0-0.09-0.17
0.520.85-0.370.090.420.450.210.390.02-0.080.260.39-0.560.880.88-0.10.510.010.690.210.43-0.310.02-0.03-0.51
0.830.68-0.920.670.410.450.00.260.510.480.470.690.180.160.160.470.490.610.170.730.310.220.540.16-0.82
0.150.090.030.060.010.210.0-0.170.110.2-0.52-0.23-0.030.230.230.09-0.260.260.250.0-0.320.30.07-0.05-0.1
0.310.26-0.260.15-0.130.390.26-0.170.20.060.040.740.020.050.050.080.41-0.010.690.220.36-0.190.150.03-0.18
0.730.16-0.690.930.040.020.510.110.20.780.090.570.77-0.31-0.310.870.480.66-0.150.88-0.030.810.430.64-0.32
0.580.09-0.580.74-0.1-0.080.480.20.060.78-0.090.280.76-0.26-0.260.8-0.010.64-0.170.64-0.150.760.240.48-0.44
0.330.4-0.390.230.570.260.47-0.520.040.09-0.090.41-0.080.110.11-0.070.49-0.03-0.120.340.41-0.130.33-0.06-0.23
0.720.45-0.680.60.190.390.69-0.230.740.570.280.410.25-0.04-0.040.410.790.380.340.720.450.150.420.23-0.39
0.27-0.37-0.370.67-0.22-0.560.18-0.030.020.770.76-0.080.25-0.78-0.770.740.00.53-0.40.55-0.360.80.350.50.0
0.210.73-0.06-0.220.370.880.160.230.05-0.31-0.260.11-0.04-0.781.0-0.310.21-0.20.53-0.130.32-0.47-0.29-0.15-0.36
0.20.73-0.06-0.220.370.880.160.230.05-0.31-0.260.11-0.04-0.771.0-0.310.21-0.20.53-0.130.32-0.47-0.29-0.14-0.36
0.570.1-0.680.83-0.07-0.10.470.090.080.870.8-0.070.410.74-0.31-0.310.30.63-0.280.730.060.680.260.78-0.46
0.610.51-0.540.50.390.510.49-0.260.410.48-0.010.490.790.00.210.210.30.190.20.650.520.050.260.33-0.26
0.690.33-0.60.790.350.010.610.26-0.010.660.64-0.030.380.53-0.2-0.20.630.19-0.20.73-0.120.620.30.23-0.38
0.130.4-0.13-0.210.060.690.170.250.69-0.15-0.17-0.120.34-0.40.530.53-0.280.2-0.2-0.110.15-0.440.07-0.15-0.24
0.90.44-0.760.950.360.210.730.00.220.880.640.340.720.55-0.13-0.130.730.650.73-0.110.090.680.340.46-0.38
0.180.34-0.29-0.030.150.430.31-0.320.36-0.03-0.150.410.45-0.360.320.320.060.52-0.120.150.09-0.370.180.15-0.44
0.5-0.16-0.30.74-0.06-0.310.220.3-0.190.810.76-0.130.150.8-0.47-0.470.680.050.62-0.440.68-0.370.220.380.01
0.310.05-0.610.360.00.020.540.070.150.430.240.330.420.35-0.29-0.290.260.260.30.070.340.180.220.09-0.47
0.21-0.07-0.470.46-0.09-0.030.16-0.050.030.640.48-0.060.230.5-0.15-0.140.780.330.23-0.150.460.150.380.09-0.24
-0.57-0.650.83-0.42-0.17-0.51-0.82-0.1-0.18-0.32-0.44-0.23-0.390.0-0.36-0.36-0.46-0.26-0.38-0.24-0.38-0.440.01-0.47-0.24
Click cells to compare fundamentals

STRATA Skin Account Relationship Matchups

STRATA Skin fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding27.2M3.4M3.4M3.5M3.5M4.0M
Other Current Liab4.5M1.6M2.4M2.5M1.7M1.4M
Accounts Payable1.8M2.8M2.8M3.4M3.3M2.5M
Other Assets428K347K1.3M216K248.4K301.5K
Property Plant Equipment5.3M5.4M6.5M7.5M8.6M4.7M
Other Liab499K178K288K666K765.9K1.1M
Net Tangible Assets12.7M11.9M10.7M6.5M5.9M6.7M
Retained Earnings Total Equity(229.4M)(210.8M)(214.6M)(219.0M)(197.1M)(206.9M)
Capital Surpluse251.6M242.0M243.2M244.8M281.6M235.9M

Pair Trading with STRATA Skin

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

Moving against STRATA Stock

  0.66CVS CVS Health Corp Aggressive PushPairCorr
  0.52ICUI ICU MedicalPairCorr
  0.42AHG Akso Health GroupPairCorr
The ability to find closely correlated positions to STRATA Skin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STRATA Skin 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 STRATA Skin - 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 STRATA Skin Sciences to buy it.
The correlation of STRATA Skin 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 STRATA Skin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STRATA Skin Sciences 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 STRATA Skin 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 CorrelationCorrelation Matching
When determining whether STRATA Skin Sciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of STRATA Skin'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 Strata Skin Sciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Strata Skin Sciences Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STRATA Skin Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Health Care Equipment & Supplies 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 STRATA Skin. If investors know STRATA 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 STRATA Skin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.60)
Revenue Per Share
9.347
Quarterly Revenue Growth
0.022
Return On Assets
(0.07)
Return On Equity
(0.63)
The market value of STRATA Skin Sciences is measured differently than its book value, which is the value of STRATA that is recorded on the company's balance sheet. Investors also form their own opinion of STRATA Skin's value that differs from its market value or its book value, called intrinsic value, which is STRATA Skin'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 STRATA Skin's market value can be influenced by many factors that don't directly affect STRATA Skin'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 STRATA Skin's value and its price as these two are different measures arrived at by different means. Investors typically determine if STRATA Skin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STRATA Skin'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.