AOUT Stock | | | USD 9.81 0.06 0.62% |
American Outdoor financial indicator trend analysis is way more than just evaluating American Outdoor Brands prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Outdoor Brands is a good investment. Please check the relationship between American Outdoor Non Operating Income Net Other and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in American Outdoor Brands. 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.
Non Operating Income Net Other vs Income Before Tax
Non Operating Income Net Other vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
American Outdoor Brands Non Operating Income Net Other account and
Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between American Outdoor's Non Operating Income Net Other and Income Before Tax is -0.24. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of American Outdoor Brands, assuming nothing else is changed. The correlation between historical values of American Outdoor's Non Operating Income Net Other and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Operating Income Net Other of American Outdoor Brands are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Non Operating Income Net Other i.e., American Outdoor's Non Operating Income Net Other and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Operating Income Net Other
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on American Outdoor income statement and is an important metric when analyzing American Outdoor Brands profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from American Outdoor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Outdoor Brands 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in American Outdoor Brands. 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.
At this time, American Outdoor's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 30.98 in 2024, whereas
Tax Provision is likely to drop (73.5
K) in 2024.
American Outdoor fundamental ratios Correlations
Click cells to compare fundamentals
American Outdoor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Outdoor fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for American Stock Analysis
When running American Outdoor's price analysis, check to
measure American Outdoor'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 American Outdoor is operating at the current time. Most of American Outdoor's value examination focuses on studying past and present price action to
predict the probability of American Outdoor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Outdoor's price. Additionally, you may evaluate how the addition of American Outdoor to your portfolios can decrease your overall portfolio volatility.