Wrap Historical Income Statement
| WRAP Stock | USD 1.59 0.12 8.16% |
Historical analysis of Wrap Technologies income statement accounts such as Interest Expense of 270.5 K, Selling General Administrative of 10 M, Total Revenue of 3.7 M or Gross Profit of 3.1 M can show how well Wrap Technologies performed in making a profits. Evaluating Wrap Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Wrap Technologies's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Wrap Technologies 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 Wrap Technologies is a good buy for the upcoming year.
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About Wrap Income Statement Analysis
Wrap Technologies 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 Wrap Technologies shareholders. The income statement also shows Wrap 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).
Wrap Technologies Income Statement Chart
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Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Wrap Technologies financial statement analysis. It represents the amount of money remaining after all of Wrap Technologies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from Wrap Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Wrap Technologies 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrap Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Wrap Stock, please use our How to Invest in Wrap Technologies guide.At this time, Wrap Technologies' Interest Expense is relatively stable compared to the past year. As of 11/25/2024, Gross Profit is likely to grow to about 3.1 M, though Operating Income is likely to grow to (17.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 32.2M | 25.8M | 29.6M | 16.2M | Depreciation And Amortization | 567K | 863K | 992.5K | 1.0M |
Wrap Technologies income statement Correlations
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Wrap Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Wrap Technologies
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 Wrap Technologies 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 Wrap Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Wrap Stock
The ability to find closely correlated positions to Wrap Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wrap Technologies 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 Wrap Technologies - 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 Wrap Technologies to buy it.
The correlation of Wrap Technologies 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 Wrap Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wrap Technologies 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 Wrap Technologies 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 Wrap Stock Analysis
When running Wrap Technologies' price analysis, check to measure Wrap Technologies' 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 Wrap Technologies is operating at the current time. Most of Wrap Technologies' value examination focuses on studying past and present price action to predict the probability of Wrap Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wrap Technologies' price. Additionally, you may evaluate how the addition of Wrap Technologies to your portfolios can decrease your overall portfolio volatility.