NWTN Historical Income Statement
| NWTN Stock | 1.24 0.08 6.90% |
Historical analysis of NWTN income statement accounts such as Income Tax Expense of 9.83 can show how well NWTN Class B performed in making a profits. Evaluating NWTN income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of NWTN's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining NWTN Class B 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 NWTN Class B is a good buy for the upcoming year.
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About NWTN Income Statement Analysis
NWTN Class B 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 NWTN shareholders. The income statement also shows NWTN 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).
NWTN Income Statement Chart
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Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in NWTN Class B financial statement analysis. It represents the amount of money remaining after all of NWTN Class B operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of NWTN Class B. It is also known as NWTN 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from NWTN's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into NWTN Class B 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NWTN Class B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, NWTN's Minority Interest is very stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 10.8M | 40.4M | 46.5M | 48.8M | Depreciation And Amortization | 16.2K | 748.6K | 860.9K | 903.9K |
NWTN income statement Correlations
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NWTN Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NWTN income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Income Before Tax | 551.0K | (12.6M) | (13.1M) | (41.3M) | (37.1M) | (35.3M) | |
| Total Other Income Expense Net | 827.0K | (1.7M) | (2.3M) | (805.0K) | (724.5K) | (760.8K) | |
| Net Income | 551.0K | (11.9M) | (12.4M) | (40.7M) | (36.6M) | (34.8M) |
Pair Trading with NWTN
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 NWTN 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 NWTN will appreciate offsetting losses from the drop in the long position's value.Moving against NWTN Stock
| 0.74 | FOXF | Fox Factory Holding | PairCorr |
| 0.6 | DAN | Dana Inc | PairCorr |
| 0.44 | LEA | Lear | PairCorr |
| 0.38 | LI | Li Auto Buyout Trend | PairCorr |
The ability to find closely correlated positions to NWTN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NWTN 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 NWTN - 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 NWTN Class B to buy it.
The correlation of NWTN 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 NWTN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NWTN Class B 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 NWTN 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NWTN Class B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NWTN. If investors know NWTN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NWTN listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.35) | Revenue Per Share 0.002 | Return On Assets (0.33) | Return On Equity (1.29) |
The market value of NWTN Class B is measured differently than its book value, which is the value of NWTN that is recorded on the company's balance sheet. Investors also form their own opinion of NWTN's value that differs from its market value or its book value, called intrinsic value, which is NWTN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NWTN's market value can be influenced by many factors that don't directly affect NWTN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NWTN's value and its price as these two are different measures arrived at by different means. Investors typically determine if NWTN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NWTN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.