Oceanpal Historical Income Statement
| OP Stock | USD 1.41 0.01 0.70% |
Historical analysis of Oceanpal income statement accounts such as Total Revenue of 13.5 M, Other Operating Expenses of 15.8 M or Ebitda of 6.9 M can show how well Oceanpal performed in making a profits. Evaluating Oceanpal income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Oceanpal's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Oceanpal 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 Oceanpal is a good buy for the upcoming year.
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About Oceanpal Income Statement Analysis
Oceanpal 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 Oceanpal shareholders. The income statement also shows Oceanpal 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).
Oceanpal Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Oceanpal 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.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Oceanpal minus its cost of goods sold. It is profit before Oceanpal operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Oceanpal. It is also known as Oceanpal overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Oceanpal income statement and represents the costs associated with goods and services Oceanpal provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Oceanpal's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Oceanpal 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Oceanpal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. To learn how to invest in Oceanpal Stock, please use our How to Invest in Oceanpal guide.At this time, Oceanpal's Selling General Administrative is relatively stable compared to the past year. As of 11/28/2024, EBITDA is likely to grow to about 6.9 M, though Gross Profit is likely to grow to (1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 792K | 8.9M | 13.3M | 6.8M | Cost Of Revenue | 408K | 10.6M | 20.0M | 10.5M |
Oceanpal income statement Correlations
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Oceanpal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Oceanpal
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 Oceanpal 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 Oceanpal will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Oceanpal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oceanpal 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 Oceanpal - 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 Oceanpal to buy it.
The correlation of Oceanpal 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 Oceanpal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oceanpal 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 Oceanpal 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 Oceanpal Stock Analysis
When running Oceanpal's price analysis, check to measure Oceanpal's 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 Oceanpal is operating at the current time. Most of Oceanpal's value examination focuses on studying past and present price action to predict the probability of Oceanpal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceanpal's price. Additionally, you may evaluate how the addition of Oceanpal to your portfolios can decrease your overall portfolio volatility.