Expion360 Total Revenue vs Total Assets Analysis
| XPON Stock | USD 2.37 0.08 3.27% |
Expion360 financial indicator trend analysis is much more than just examining Expion360 latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Expion360 is a good investment. Please check the relationship between Expion360 Total Revenue and its Total Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Expion360. 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. To learn how to invest in Expion360 Stock, please use our How to Invest in Expion360 guide.
Total Revenue vs Total Assets
Total Revenue vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Expion360 Total Revenue account and Total Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Expion360's Total Revenue and Total Assets is 0.99. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Assets in the same time period over historical financial statements of Expion360, assuming nothing else is changed. The correlation between historical values of Expion360's Total Revenue and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Expion360 are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Revenue i.e., Expion360's Total Revenue and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts Expion360 generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Total Assets
Total assets refers to the total amount of Expion360 assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Expion360 books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Expion360's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Expion360 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Expion360. 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. To learn how to invest in Expion360 Stock, please use our How to Invest in Expion360 guide.As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 1.27, though Tax Provision is likely to grow to (7.4 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 61.1K | 164.8K | 205.7K | 216.0K | Interest Income | 169.0 | 239.0 | 101.0K | 106.1K |
Expion360 fundamental ratios Correlations
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Expion360 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Expion360
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 Expion360 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 Expion360 will appreciate offsetting losses from the drop in the long position's value.Moving against Expion360 Stock
| 0.81 | ESP | Espey Mfg Electronics | PairCorr |
| 0.78 | NVX | Novonix Ltd ADR | PairCorr |
| 0.77 | AYI | Acuity Brands | PairCorr |
| 0.77 | EAF | GrafTech International | PairCorr |
| 0.61 | NVT | nVent Electric PLC | PairCorr |
The ability to find closely correlated positions to Expion360 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Expion360 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 Expion360 - 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 Expion360 to buy it.
The correlation of Expion360 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 Expion360 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Expion360 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 Expion360 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.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Expion360. 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. To learn how to invest in Expion360 Stock, please use our How to Invest in Expion360 guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Industrial Machinery & Supplies & Components 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 Expion360. If investors know Expion360 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 Expion360 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share -7.9 K | Revenue Per Share 70.928 | Quarterly Revenue Growth (0.26) | Return On Assets (0.43) | Return On Equity (1.53) |
The market value of Expion360 is measured differently than its book value, which is the value of Expion360 that is recorded on the company's balance sheet. Investors also form their own opinion of Expion360's value that differs from its market value or its book value, called intrinsic value, which is Expion360'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 Expion360's market value can be influenced by many factors that don't directly affect Expion360'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 Expion360's value and its price as these two are different measures arrived at by different means. Investors typically determine if Expion360 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Expion360'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.