SoundHound Common Stock vs Other Current Liab Analysis

SOUNW Stock  USD 7.46  0.85  10.23%   
SoundHound financial indicator trend analysis is much more than just breaking down SoundHound AI prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SoundHound AI is a good investment. Please check the relationship between SoundHound Common Stock and its Other Current Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoundHound AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Common Stock vs Other Current Liab

JavaScript chart by amCharts 3.21.152014201620182020202220241K2K4K6K8K10K12K14K16K18K20K22K24K26K 6M7M8M9M10M11M12M13M14M15M16M17M18M
JavaScript chart by amCharts 3.21.15Common Stocktotal: 82.3KOther Current Liabtotal: 184.6M

Common Stock vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SoundHound AI Common Stock account and Other Current Liab. At this time, the significance of the direction appears to have pay attention.
Common StockOther Current LiabDiversified AwayCommon StockOther Current LiabDiversified Away100%
The correlation between SoundHound's Common Stock and Other Current Liab is -0.8. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of SoundHound AI, assuming nothing else is changed. The correlation between historical values of SoundHound's Common Stock and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of SoundHound AI are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Common Stock i.e., SoundHound's Common Stock and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.8
Relationship DirectionNegative 
Relationship StrengthSignificant

Common Stock

Other Current Liab

Most indicators from SoundHound's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SoundHound AI 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SoundHound AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, SoundHound's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 22.8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit14.6M21.5M34.6M17.8M
Total Revenue21.2M31.1M45.9M26.2M

SoundHound fundamental ratios Correlations

0.51-0.11-0.20.27-0.32-0.19-0.48-0.520.790.870.74-0.560.820.780.59-0.560.010.00.54-0.030.820.550.54-0.40.91
0.51-0.830.66-0.390.610.72-0.880.270.60.80.67-0.560.430.50.88-0.560.540.860.520.580.470.930.74-0.960.79
-0.11-0.83-0.610.34-0.71-0.810.89-0.39-0.38-0.5-0.550.49-0.17-0.36-0.850.49-0.42-0.94-0.6-0.46-0.23-0.82-0.80.92-0.51
-0.20.66-0.61-0.720.940.88-0.440.740.060.160.1-0.18-0.11-0.10.3-0.180.670.85-0.060.75-0.080.460.18-0.630.1
0.27-0.390.34-0.72-0.8-0.540.12-0.950.10.180.27-0.180.280.43-0.14-0.18-0.93-0.530.5-0.940.29-0.40.170.240.12
-0.320.61-0.710.94-0.80.85-0.50.860.070.030.08-0.19-0.14-0.130.36-0.190.770.87-0.040.82-0.110.520.24-0.610.03
-0.190.72-0.810.88-0.540.85-0.550.62-0.040.280.14-0.1-0.23-0.070.51-0.10.450.940.180.53-0.180.540.37-0.760.19
-0.48-0.880.89-0.440.12-0.5-0.55-0.09-0.75-0.74-0.860.8-0.6-0.73-0.920.8-0.36-0.78-0.8-0.37-0.65-0.9-0.950.95-0.79
-0.520.27-0.390.74-0.950.860.62-0.09-0.27-0.35-0.370.25-0.46-0.540.060.250.820.57-0.480.85-0.460.27-0.18-0.21-0.31
0.790.6-0.380.060.10.07-0.04-0.75-0.270.740.93-0.920.970.920.65-0.920.270.270.670.230.980.690.76-0.580.85
0.870.8-0.50.160.180.030.28-0.74-0.350.740.84-0.640.70.790.8-0.640.050.430.730.060.730.730.76-0.760.97
0.740.67-0.550.10.270.080.14-0.86-0.370.930.84-0.940.890.970.76-0.940.060.410.880.050.920.690.92-0.740.89
-0.56-0.560.49-0.18-0.18-0.19-0.10.80.25-0.92-0.64-0.94-0.89-0.92-0.591.0-0.16-0.38-0.77-0.15-0.91-0.59-0.820.64-0.71
0.820.43-0.17-0.110.28-0.14-0.23-0.6-0.460.970.70.89-0.890.940.5-0.890.090.060.640.051.00.510.66-0.420.8
0.780.5-0.36-0.10.43-0.13-0.07-0.73-0.540.920.790.97-0.920.940.63-0.92-0.090.190.86-0.110.960.540.83-0.570.84
0.590.88-0.850.3-0.140.360.51-0.920.060.650.80.76-0.590.50.63-0.590.340.710.740.340.540.950.89-0.90.85
-0.56-0.560.49-0.18-0.18-0.19-0.10.80.25-0.92-0.64-0.941.0-0.89-0.92-0.59-0.16-0.38-0.77-0.15-0.91-0.59-0.820.64-0.71
0.010.54-0.420.67-0.930.770.45-0.360.820.270.050.06-0.160.09-0.090.34-0.160.56-0.260.990.080.610.09-0.390.16
0.00.86-0.940.85-0.530.870.94-0.780.570.270.430.41-0.380.060.190.71-0.380.560.380.620.110.760.61-0.90.4
0.540.52-0.6-0.060.5-0.040.18-0.8-0.480.670.730.88-0.770.640.860.74-0.77-0.260.38-0.260.680.540.94-0.680.74
-0.030.58-0.460.75-0.940.820.53-0.370.850.230.060.05-0.150.05-0.110.34-0.150.990.62-0.260.040.610.09-0.430.15
0.820.47-0.23-0.080.29-0.11-0.18-0.65-0.460.980.730.92-0.911.00.960.54-0.910.080.110.680.040.540.7-0.470.82
0.550.93-0.820.46-0.40.520.54-0.90.270.690.730.69-0.590.510.540.95-0.590.610.760.540.610.540.78-0.880.8
0.540.74-0.80.180.170.240.37-0.95-0.180.760.760.92-0.820.660.830.89-0.820.090.610.940.090.70.78-0.850.81
-0.4-0.960.92-0.630.24-0.61-0.760.95-0.21-0.58-0.76-0.740.64-0.42-0.57-0.90.64-0.39-0.9-0.68-0.43-0.47-0.88-0.85-0.74
0.910.79-0.510.10.120.030.19-0.79-0.310.850.970.89-0.710.80.840.85-0.710.160.40.740.150.820.80.81-0.74
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SoundHound Account Relationship Matchups

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Additional Tools for SoundHound Stock Analysis

When running SoundHound's price analysis, check to measure SoundHound'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 SoundHound is operating at the current time. Most of SoundHound's value examination focuses on studying past and present price action to predict the probability of SoundHound's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SoundHound's price. Additionally, you may evaluate how the addition of SoundHound to your portfolios can decrease your overall portfolio volatility.
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