| BTCS Stock | | | USD 3.56 0.21 5.57% |
BTCS financial indicator trend analysis is way more than just evaluating BTCS Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BTCS Inc is a good investment. Please check the relationship between BTCS Net Income and its Income Tax Expense accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BTCS Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Net Income vs Income Tax Expense
Net Income vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BTCS Inc Net Income account and
Income Tax Expense. At this time, the significance of the direction appears to have pay attention.
The correlation between BTCS's Net Income and Income Tax Expense is -0.86. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of BTCS Inc, assuming nothing else is changed. The correlation between historical values of BTCS's Net Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of BTCS Inc are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income i.e., BTCS's Net Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.86 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in BTCS Inc financial statement analysis. It represents the amount of money remaining after all of BTCS Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Income Tax Expense
Most indicators from BTCS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BTCS Inc 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 BTCS Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Enterprise Value is likely to gain to about 22.6
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 4
M in 2024.
BTCS fundamental ratios Correlations
Click cells to compare fundamentals
BTCS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BTCS fundamental ratios Accounts
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Additional Tools for BTCS Stock Analysis
When running BTCS's price analysis, check to
measure BTCS'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 BTCS is operating at the current time. Most of BTCS's value examination focuses on studying past and present price action to
predict the probability of BTCS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BTCS's price. Additionally, you may evaluate how the addition of BTCS to your portfolios can decrease your overall portfolio volatility.