Oceanpal Net Income vs Operating Income Analysis
| OP Stock | USD 1.41 0.01 0.70% |
Oceanpal financial indicator trend analysis is much more than just breaking down Oceanpal prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oceanpal is a good investment. Please check the relationship between Oceanpal Net Income and its Operating Income accounts. 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.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oceanpal Net Income account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Oceanpal's Net Income and Operating Income is 0.65. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Oceanpal, assuming nothing else is changed. The correlation between historical values of Oceanpal's Net Income and Operating Income 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 Oceanpal are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Oceanpal's Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.65 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Oceanpal financial statement analysis. It represents the amount of money remaining after all of Oceanpal operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Operating Income
Operating Income is the amount of profit realized from Oceanpal operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Oceanpal is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Oceanpal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oceanpal 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 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.As of 11/28/2024, Selling General Administrative is likely to grow to about 6.8 M, while Issuance Of Capital Stock is likely to drop slightly above 12.5 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 fundamental ratios Correlations
Click cells to compare fundamentals
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.