Snap Other Current Liab from 2010 to 2025
| SNAP Stock | USD 7.78 0.60 7.16% |
Other Current Liabilities | First Reported 2015-12-31 | Previous Quarter 796.3 M | Current Value 954 M | Quarterly Volatility 280.9 M |
Check Snap financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Snap's main balance sheet or income statement drivers, such as Tax Provision of 26.9 M, Interest Income of 161.1 M or Depreciation And Amortization of 112.1 M, as well as many indicators such as Price To Sales Ratio of 3.17, Dividend Yield of 0.0 or PTB Ratio of 6.93. Snap financial statements analysis is a perfect complement when working with Snap Valuation or Volatility modules.
Snap | Other Current Liab | Build AI portfolio with Snap Stock |
Pair Trading with Snap
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 Snap 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 Snap will appreciate offsetting losses from the drop in the long position's value.Moving against Snap Stock
| 0.77 | HD | Home Depot | PairCorr |
| 0.64 | FNMFO | Federal National Mortgage | PairCorr |
| 0.64 | AVAL | Grupo Aval | PairCorr |
| 0.61 | META | Meta Platforms | PairCorr |
| 0.58 | WFC-PL | Wells Fargo Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Snap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snap 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 Snap - 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 Snap Inc to buy it.
The correlation of Snap 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 Snap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snap Inc 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 Snap 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 Snap Stock Analysis
When running Snap's price analysis, check to measure Snap'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 Snap is operating at the current time. Most of Snap's value examination focuses on studying past and present price action to predict the probability of Snap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snap's price. Additionally, you may evaluate how the addition of Snap to your portfolios can decrease your overall portfolio volatility.