Myomo Research Development vs Total Operating Expenses Analysis

MYO Stock  USD 6.38  0.17  2.74%   
Myomo financial indicator trend analysis is infinitely more than just investigating Myomo Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Myomo Inc is a good investment. Please check the relationship between Myomo Research Development and its Total Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myomo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Research Development vs Total Operating Expenses

Research Development vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Myomo Inc Research Development account and Total Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Myomo's Research Development and Total Operating Expenses is 0.96. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Myomo Inc, assuming nothing else is changed. The correlation between historical values of Myomo's Research Development and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Myomo Inc are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Research Development i.e., Myomo's Research Development and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Research Development

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Myomo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Myomo Inc 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myomo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
At this time, Myomo's Tax Provision is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value is likely to grow to about 148.6 M, while Selling General Administrative is likely to drop about 10.4 M.
 2021 2022 2023 2024 (projected)
Gross Profit10.3M10.3M13.2M13.8M
Total Revenue13.9M15.6M19.2M20.2M

Myomo fundamental ratios Correlations

-0.440.660.680.830.950.76-0.93-0.790.660.950.61-0.570.570.970.710.41-0.410.840.620.860.89-0.140.131.0-0.02
-0.44-0.59-0.15-0.71-0.45-0.510.490.46-0.08-0.36-0.20.75-0.18-0.38-0.57-0.310.81-0.48-0.51-0.42-0.50.69-0.03-0.440.63
0.66-0.590.820.450.60.9-0.45-0.910.290.470.75-0.370.310.510.930.78-0.270.880.920.640.790.060.430.640.13
0.68-0.150.820.310.60.8-0.38-0.870.460.460.9-0.060.360.520.780.660.010.820.770.640.820.360.560.650.54
0.83-0.710.450.310.870.54-0.92-0.560.540.830.28-0.780.410.840.510.17-0.820.650.430.730.75-0.66-0.130.84-0.41
0.95-0.450.60.60.870.7-0.93-0.80.630.920.53-0.610.40.930.660.37-0.540.870.620.830.9-0.290.070.950.0
0.76-0.510.90.80.540.7-0.56-0.930.490.570.87-0.260.480.610.980.78-0.290.920.920.680.840.020.320.730.18
-0.930.49-0.45-0.38-0.92-0.93-0.560.59-0.58-0.98-0.320.7-0.51-0.98-0.51-0.20.55-0.69-0.42-0.81-0.740.380.08-0.950.25
-0.790.46-0.91-0.87-0.56-0.8-0.930.59-0.48-0.6-0.830.38-0.28-0.64-0.93-0.740.31-0.99-0.94-0.71-0.94-0.02-0.36-0.77-0.27
0.66-0.080.290.460.540.630.49-0.58-0.480.580.42-0.10.190.630.480.44-0.260.540.460.270.56-0.08-0.170.650.03
0.95-0.360.470.460.830.920.57-0.98-0.60.580.37-0.610.580.990.510.2-0.40.690.40.840.73-0.21-0.040.96-0.12
0.61-0.20.750.90.280.530.87-0.32-0.830.420.370.050.460.420.820.60.00.770.770.570.780.320.560.570.44
-0.570.75-0.37-0.06-0.78-0.61-0.260.70.38-0.1-0.610.05-0.06-0.61-0.3-0.070.71-0.44-0.3-0.51-0.510.640.18-0.590.58
0.57-0.180.310.360.410.40.48-0.51-0.280.190.580.46-0.060.570.350.0-0.080.30.110.710.360.050.170.560.04
0.97-0.380.510.520.840.930.61-0.98-0.640.630.990.42-0.610.570.560.28-0.410.730.460.830.77-0.2-0.010.98-0.1
0.71-0.570.930.780.510.660.98-0.51-0.930.480.510.82-0.30.350.560.84-0.320.920.960.590.810.00.310.690.12
0.41-0.310.780.660.170.370.78-0.2-0.740.440.20.6-0.070.00.280.84-0.060.720.890.220.520.20.240.390.27
-0.410.81-0.270.01-0.82-0.54-0.290.550.31-0.26-0.40.00.71-0.08-0.41-0.32-0.06-0.38-0.29-0.38-0.450.930.26-0.420.57
0.84-0.480.880.820.650.870.92-0.69-0.990.540.690.77-0.440.30.730.920.72-0.380.920.750.94-0.060.280.830.21
0.62-0.510.920.770.430.620.92-0.42-0.940.460.40.77-0.30.110.460.960.89-0.290.920.470.790.020.280.60.18
0.86-0.420.640.640.730.830.68-0.81-0.710.270.840.57-0.510.710.830.590.22-0.380.750.470.8-0.140.310.860.12
0.89-0.50.790.820.750.90.84-0.74-0.940.560.730.78-0.510.360.770.810.52-0.450.940.790.8-0.140.310.880.14
-0.140.690.060.36-0.66-0.290.020.38-0.02-0.08-0.210.320.640.05-0.20.00.20.93-0.060.02-0.14-0.140.43-0.160.71
0.13-0.030.430.56-0.130.070.320.08-0.36-0.17-0.040.560.180.17-0.010.310.240.260.280.280.310.310.430.110.43
1.0-0.440.640.650.840.950.73-0.95-0.770.650.960.57-0.590.560.980.690.39-0.420.830.60.860.88-0.160.11-0.04
-0.020.630.130.54-0.410.00.180.25-0.270.03-0.120.440.580.04-0.10.120.270.570.210.180.120.140.710.43-0.04
Click cells to compare fundamentals

Myomo Account Relationship Matchups

Myomo fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.6M14.7M20.1M10.2M14.6M10.4M
Other Current Liab1.7M2.5M2.8M2.6M3.3M3.5M
Total Current Liabilities3.9M2.9M4.3M3.6M5.5M3.1M
Total Stockholder Equity1.8M11.6M15.4M6.4M9.0M4.9M
Net Tangible Assets1.8M11.6M15.4M6.4M7.3M7.7M
Property Plant And Equipment Net155.0K263.8K908.2K703.0K839.3K881.3K
Net Debt(1.8M)(12.1M)(14.8M)(4.8M)(6.3M)(6.6M)
Retained Earnings(56.1M)(67.7M)(78.1M)(88.8M)(96.9M)(92.1M)
Accounts Payable450.1K180.5K723.4K569.7K1.1M602.4K
Cash4.5M12.2M15.5M5.3M6.9M7.5M
Non Current Assets Total449.2K263.8K908.2K946.5K930.6K533.7K
Non Currrent Assets Other219.2K(263.8K)95.3K111.0K91.2K97.0K
Other Assets294.2K263.8K19.8M111.0K127.7K121.3K
Cash And Short Term Investments4.5M12.2M15.5M5.3M8.9M7.7M
Net Receivables424.3K924.9K2.0M1.9M2.4M2.5M
Common Stock Shares Outstanding553.8K3.3M5.8M7.1M29.5M31.0M
Liabilities And Stockholders Equity6.6M14.7M20.1M10.2M14.6M10.4M
Non Current Liabilities Total890.5K274.7K402.9K200.7K115.2K109.4K
Capital Surpluse58.0M79.3M93.5M95.1M109.4M114.8M
Inventory439.5K707.1K808.3K1.4M1.8M1.9M
Other Current Assets820.2K1.1M1.7M573.5K598.9K681.3K
Other Stockholder Equity58.0M79.3M93.5M95.1M105.8M58.8M
Total Liab4.8M3.1M4.7M3.8M5.6M4.0M
Total Current Assets6.1M14.4M19.2M9.2M13.7M9.9M
Short Term Debt1.8M36.6K666.8K457.6K972.3K876.3K
Common Stock57.0457.0687.0775.02.7K2.9K
Property Plant Equipment155.0K95.0K908.2K703.0K808.5K848.9K
Deferred Long Term Liab44.0K144.6K219.2K1.5K1.3K1.3K
Current Deferred Revenue3.0K2.5K192.8K20.7K8.5K8.1K
Common Stock Total Equity1.1K1.2K57.0457.0411.3477.6
Property Plant And Equipment Gross155.0K263.8K1.3M703.0K1.6M1.7M
Cash And Equivalents4.5M12.2M15.5M5.3M6.1M9.1M
Net Invested Capital4.5M11.6M15.4M6.4M9.0M10.3M

Pair Trading with Myomo

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

Moving together with Myomo Stock

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Moving against Myomo Stock

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  0.31VTAK Catheter Precision Earnings Call This WeekPairCorr
The ability to find closely correlated positions to Myomo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Myomo 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 Myomo - 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 Myomo Inc to buy it.
The correlation of Myomo 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 Myomo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Myomo Inc 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 Myomo 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 Myomo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Myomo'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 Myomo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Myomo Inc Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myomo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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 Myomo. If investors know Myomo 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 Myomo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.23)
Revenue Per Share
0.835
Quarterly Revenue Growth
0.813
Return On Assets
(0.31)
Return On Equity
(0.83)
The market value of Myomo Inc is measured differently than its book value, which is the value of Myomo that is recorded on the company's balance sheet. Investors also form their own opinion of Myomo's value that differs from its market value or its book value, called intrinsic value, which is Myomo'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 Myomo's market value can be influenced by many factors that don't directly affect Myomo'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 Myomo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Myomo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myomo'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.