| BHAT Stock | | | USD 0.16 0.01 5.88% |
Blue Hat financial indicator trend analysis is way more than just evaluating Blue Hat Interactive prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Hat Interactive is a good investment. Please check the relationship between Blue Hat Income Before Tax and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Hat Interactive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Income Before Tax vs Gross Profit
Income Before Tax vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Blue Hat Interactive Income Before Tax account and
Gross Profit. At this time, the significance of the direction appears to have strong relationship.
The correlation between Blue Hat's Income Before Tax and Gross Profit is 0.71. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Blue Hat Interactive, assuming nothing else is changed. The correlation between historical values of Blue Hat's Income Before Tax and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Blue Hat Interactive are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., Blue Hat's Income Before Tax and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.71 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Blue Hat income statement and is an important metric when analyzing Blue Hat Interactive 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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Blue Hat Interactive minus its cost of goods sold. It is profit before Blue Hat operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Blue Hat's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Hat Interactive 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 Blue Hat Interactive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
At this time, Blue Hat's
Issuance Of Capital Stock is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.34 in 2024, whereas
Discontinued Operations is likely to drop slightly above 939.1
K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 6.5M | 4.0M | 1.2M | 1.1M | Total Revenue | 15.2M | 7.4M | 73.7M | 77.4M |
Blue Hat fundamental ratios Correlations
Click cells to compare fundamentals
Blue Hat Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Blue Hat fundamental ratios Accounts
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