Solid Historical Income Statement
| SLDP Stock | USD 1.16 0.04 3.57% |
Historical analysis of Solid Power income statement accounts such as Selling General Administrative of 27.5 M, Selling And Marketing Expenses of 2.7 M, Total Revenue of 18.3 M or Other Operating Expenses of 113.4 M can show how well Solid Power performed in making a profits. Evaluating Solid Power income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Solid Power's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Solid Power 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 Solid Power is a good buy for the upcoming year.
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About Solid Income Statement Analysis
Solid Power 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 Solid Power shareholders. The income statement also shows Solid 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).
Solid Power Income Statement Chart
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Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Total Revenue
Total revenue comprises all receipts Solid Power 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Solid Power. It is also known as Solid Power 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.Most accounts from Solid Power's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Solid Power 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Solid Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in Solid Stock, please use our How to Invest in Solid Power guide.At this time, Solid Power's Cost Of Revenue is relatively stable compared to the past year. As of 12/01/2024, Reconciled Depreciation is likely to grow to about 11.3 M, though Gross Profit is likely to grow to (9.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 2.4M | 5.9M | 12.7M | 13.4M | Interest Income | 56K | 4.7M | 15.4M | 16.2M |
Solid Power income statement Correlations
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Solid Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Solid Power
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 Solid Power 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 Solid Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Solid Stock
Moving against Solid Stock
| 0.79 | GBX | Greenbrier Companies | PairCorr |
| 0.79 | VMI | Valmont Industries | PairCorr |
| 0.75 | HON | Honeywell International | PairCorr |
| 0.7 | WAB | Westinghouse Air Brake | PairCorr |
| 0.68 | FSTR | LB Foster | PairCorr |
The ability to find closely correlated positions to Solid Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solid Power 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 Solid Power - 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 Solid Power to buy it.
The correlation of Solid Power 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 Solid Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solid Power 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 Solid Power 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 Solid Stock Analysis
When running Solid Power's price analysis, check to measure Solid Power'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 Solid Power is operating at the current time. Most of Solid Power's value examination focuses on studying past and present price action to predict the probability of Solid Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solid Power's price. Additionally, you may evaluate how the addition of Solid Power to your portfolios can decrease your overall portfolio volatility.