SoundHound Other Assets vs Cash Analysis

SOUNW Stock  USD 6.24  0.29  4.87%   
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 Other Assets and its Cash 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.

Other Assets vs Cash

Other Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SoundHound AI Other Assets account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between SoundHound's Other Assets and Cash is -0.92. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Cash 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 Other Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of SoundHound AI are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Assets i.e., SoundHound's Other Assets and Cash go up and down completely randomly.

Correlation Coefficient

-0.92
Relationship DirectionNegative 
Relationship StrengthSignificant

Other Assets

Cash

Cash refers to the most liquid asset of SoundHound AI, which is listed under current asset account on SoundHound AI balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from SoundHound customers. The amounts must be unrestricted with restricted cash listed in a different SoundHound account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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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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.