Oxbridge Total Current Assets vs Property Plant And Equipment Net Analysis
OXBR Stock | USD 3.08 0.03 0.98% |
Oxbridge financial indicator trend analysis is much more than just breaking down Oxbridge Re Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oxbridge Re Holdings is a good investment. Please check the relationship between Oxbridge Total Current Assets and its Property Plant And Equipment Net accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oxbridge Re 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 bureau of labor statistics.
Total Current Assets vs Property Plant And Equipment Net
Total Current Assets vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oxbridge Re Holdings Total Current Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Oxbridge's Total Current Assets and Property Plant And Equipment Net is -0.08. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Oxbridge Re Holdings, assuming nothing else is changed. The correlation between historical values of Oxbridge's Total Current Assets and Property Plant And Equipment Net 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 Current Assets of Oxbridge Re Holdings are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Current Assets i.e., Oxbridge's Total Current Assets and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Oxbridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oxbridge Re 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 Oxbridge Re 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 bureau of labor statistics. As of 11/29/2024, Selling General Administrative is likely to drop to about 1.4 M. In addition to that, Sales General And Administrative To Revenue is likely to grow to -0.29
2023 | 2024 (projected) | Interest Income | 22.5K | 20.4K | Reconciled Depreciation | 6K | 9.0K |
Oxbridge fundamental ratios Correlations
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Oxbridge Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oxbridge fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.5M | 9.1M | 17.7M | 16.6M | 8.3M | 7.8M | |
Total Current Liabilities | 279K | 209K | 337K | 260K | 356K | 338.2K | |
Total Stockholder Equity | 8.0M | 8.0M | 16.7M | 15.0M | 5.3M | 5.1M | |
Net Tangible Assets | 8.3M | 8.0M | 8.0M | 16.7M | 15.0M | 15.4M | |
Net Debt | (5.2M) | (5.1M) | (3.2M) | (947K) | (3.6M) | (3.8M) | |
Retained Earnings | (24.2M) | (24.3M) | (15.7M) | (17.5M) | (27.4M) | (26.0M) | |
Accounts Payable | 279K | 209K | 337K | 294K | 356K | 297.3K | |
Cash | 6.0M | 5.6M | 3.5M | 1.2M | 3.7M | 4.6M | |
Non Current Assets Total | 834K | 1.0M | 721K | 49K | 3.4M | 3.2M | |
Non Currrent Assets Other | (834K) | (1.0M) | (721K) | (642K) | 3.3M | 3.1M | |
Other Assets | 2.2M | 2.0M | 13.2M | 3.9M | (495K) | (519.8K) | |
Cash And Short Term Investments | 6.0M | 5.6M | 3.5M | 1.2M | 495K | 470.3K | |
Short Term Investments | 993K | 0.0 | 11.2M | 11.4M | (3.3M) | (3.1M) | |
Liabilities And Stockholders Equity | 9.5M | 9.1M | 17.7M | 16.6M | 8.3M | 7.8M | |
Non Current Liabilities Total | 733K | 438K | 351K | 1.4M | 2.9M | 4.7M | |
Other Current Assets | 8.5M | 7.9M | 5.7M | 4.4M | 4.9M | 3.7M | |
Other Stockholder Equity | 32.3M | 32.3M | 32.4M | 32.5M | 32.7M | 33.3M | |
Total Liab | 1.5M | 1.1M | 1.0M | 1.6M | 2.9M | 4.8M | |
Total Current Assets | 6.5M | 6.0M | 3.8M | 12.6M | 5.4M | 6.8M | |
Property Plant And Equipment Net | 142K | 235K | 144K | 49K | 13K | 12.4K | |
Net Receivables | 518K | 465K | 289K | 327K | 1.0M | 1.5M | |
Retained Earnings Total Equity | (18.1M) | (23.9M) | (24.2M) | (24.3M) | (21.8M) | (20.8M) | |
Capital Surpluse | 32.1M | 32.2M | 32.3M | 32.3M | 29.1M | 26.2M | |
Long Term Investments | 704K | 787K | 577K | 12.1M | 3.2M | 3.3M | |
Non Current Liabilities Other | 7.4M | 4.1M | 573K | 633K | 569.7K | 541.2K | |
Property Plant Equipment | 18K | 9K | 235K | 144K | 165.6K | 83.3K | |
Net Invested Capital | 8.6M | 8.2M | 16.9M | 15.2M | 5.5M | 8.8M |
Pair Trading with Oxbridge
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 Oxbridge 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 Oxbridge will appreciate offsetting losses from the drop in the long position's value.Moving together with Oxbridge Stock
0.77 | BNT | Brookfield Wealth Symbol Change | PairCorr |
The ability to find closely correlated positions to Oxbridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oxbridge 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 Oxbridge - 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 Oxbridge Re Holdings to buy it.
The correlation of Oxbridge 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 Oxbridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oxbridge Re 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 Oxbridge 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 Oxbridge Stock Analysis
When running Oxbridge's price analysis, check to measure Oxbridge'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 Oxbridge is operating at the current time. Most of Oxbridge's value examination focuses on studying past and present price action to predict the probability of Oxbridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oxbridge's price. Additionally, you may evaluate how the addition of Oxbridge to your portfolios can decrease your overall portfolio volatility.