Onfolio Net Income vs Net Borrowings Analysis
| ONFO Stock | USD 1.50 0.03 1.96% |
Onfolio Holdings financial indicator trend analysis is much more than just breaking down Onfolio Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Onfolio Holdings is a good investment. Please check the relationship between Onfolio Holdings Net Income and its Net Borrowings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onfolio Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Onfolio Stock, please use our How to Invest in Onfolio Holdings guide.
Net Income vs Net Borrowings
Net Income vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Onfolio Holdings Net Income account and Net Borrowings. At this time, the significance of the direction appears to have pay attention.
The correlation between Onfolio Holdings' Net Income and Net Borrowings is -0.83. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Onfolio Holdings, assuming nothing else is changed. The correlation between historical values of Onfolio Holdings' Net Income and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Onfolio Holdings are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Net Income i.e., Onfolio Holdings' Net Income and Net Borrowings go up and down completely randomly.
Correlation Coefficient | -0.83 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Onfolio Holdings financial statement analysis. It represents the amount of money remaining after all of Onfolio Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Most indicators from Onfolio Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Onfolio Holdings 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Onfolio Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Onfolio Stock, please use our How to Invest in Onfolio Holdings guide.At this time, Onfolio Holdings' Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 2.9 M, while Selling General Administrative is likely to drop about 1.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 735.0K | 1.2M | 3.2M | 3.4M | Total Revenue | 1.8M | 2.2M | 5.2M | 5.5M |
Onfolio Holdings fundamental ratios Correlations
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Onfolio Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Onfolio Holdings
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 Onfolio Holdings 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 Onfolio Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Onfolio Stock
Moving against Onfolio Stock
| 0.61 | TC | TuanChe ADR | PairCorr |
| 0.61 | IAC | IAC Inc | PairCorr |
| 0.6 | EVER | EverQuote Class A | PairCorr |
| 0.59 | MAX | MediaAlpha Downward Rally | PairCorr |
| 0.56 | FENG | Phoenix New Media | PairCorr |
The ability to find closely correlated positions to Onfolio Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onfolio Holdings 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 Onfolio Holdings - 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 Onfolio Holdings to buy it.
The correlation of Onfolio Holdings 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 Onfolio Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onfolio Holdings 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 Onfolio Holdings 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Onfolio Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Onfolio Stock, please use our How to Invest in Onfolio Holdings guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Movies & Entertainment 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 Onfolio Holdings. If investors know Onfolio 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 Onfolio Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.60) | Revenue Per Share 1.154 | Quarterly Revenue Growth 0.318 | Return On Assets (0.17) | Return On Equity (0.92) |
The market value of Onfolio Holdings is measured differently than its book value, which is the value of Onfolio that is recorded on the company's balance sheet. Investors also form their own opinion of Onfolio Holdings' value that differs from its market value or its book value, called intrinsic value, which is Onfolio Holdings' 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 Onfolio Holdings' market value can be influenced by many factors that don't directly affect Onfolio Holdings' 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 Onfolio Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Onfolio Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onfolio Holdings' 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.