Hour Historical Income Statement
| HOUR Stock | USD 1.52 0.01 0.65% |
Historical analysis of Hour Loop income statement accounts such as Selling General Administrative of 5.6 M or Selling And Marketing Expenses of 34.1 M can show how well Hour Loop performed in making a profits. Evaluating Hour Loop income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Hour Loop's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Hour Loop 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 Hour Loop is a good buy for the upcoming year.
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About Hour Income Statement Analysis
Hour Loop 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 Hour Loop shareholders. The income statement also shows Hour 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).
Hour Loop Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Hour Loop 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 Hour Loop minus its cost of goods sold. It is profit before Hour Loop 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.Most accounts from Hour Loop's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Hour Loop 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hour Loop. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Hour Stock, please use our How to Invest in Hour Loop guide.At this time, Hour Loop's Depreciation And Amortization is relatively stable compared to the past year. As of 11/30/2024, Interest Expense is likely to grow to about 261.2 K, though Net Interest Income is likely to grow to (193.3 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 34.8M | 49.0M | 66.5M | 40.6M | Total Revenue | 62.8M | 95.9M | 132.1M | 78.3M |
Hour Loop income statement Correlations
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Hour Loop Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Hour Loop
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 Hour Loop 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 Hour Loop will appreciate offsetting losses from the drop in the long position's value.Moving together with Hour Stock
Moving against Hour Stock
| 0.81 | GRPN | Groupon | PairCorr |
| 0.68 | BGI | Birks Group | PairCorr |
| 0.52 | ZUMZ | Zumiez Inc | PairCorr |
| 0.43 | DKS | Dicks Sporting Goods | PairCorr |
| 0.42 | ASO | Academy Sports Outdoors | PairCorr |
The ability to find closely correlated positions to Hour Loop could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hour Loop 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 Hour Loop - 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 Hour Loop to buy it.
The correlation of Hour Loop 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 Hour Loop moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hour Loop 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 Hour Loop 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 Hour Stock Analysis
When running Hour Loop's price analysis, check to measure Hour Loop'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 Hour Loop is operating at the current time. Most of Hour Loop's value examination focuses on studying past and present price action to predict the probability of Hour Loop's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hour Loop's price. Additionally, you may evaluate how the addition of Hour Loop to your portfolios can decrease your overall portfolio volatility.