Computer Income Before Tax vs Selling General Administrative Analysis

CMG Stock  CAD 10.47  0.25  2.45%   
Computer Modelling financial indicator trend analysis is way more than just evaluating Computer Modelling prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Computer Modelling is a good investment. Please check the relationship between Computer Modelling Income Before Tax and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Computer Modelling Group. 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.

Income Before Tax vs Selling General Administrative

Income Before Tax vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Computer Modelling Income Before Tax account and Selling General Administrative. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Computer Modelling's Income Before Tax and Selling General Administrative is 0.16. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Computer Modelling Group, assuming nothing else is changed. The correlation between historical values of Computer Modelling's Income Before Tax and Selling General Administrative 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 Computer Modelling Group are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Income Before Tax i.e., Computer Modelling's Income Before Tax and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.16
Relationship DirectionPositive 
Relationship StrengthInsignificant

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Computer Modelling income statement and is an important metric when analyzing Computer Modelling 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.

Selling General Administrative

Most indicators from Computer Modelling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Computer Modelling 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 Computer Modelling Group. 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, Computer Modelling's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Issuance Of Capital Stock is likely to grow to about 4.4 M, while Tax Provision is likely to drop about 6.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit49.9M56.7M86.3M90.6M
Total Revenue66.2M73.8M108.7M114.1M

Computer Modelling fundamental ratios Correlations

0.450.320.950.470.70.14-0.540.490.410.81-0.180.410.920.850.730.72-0.170.940.780.530.190.660.720.740.38
0.450.170.520.790.12-0.48-0.18-0.230.830.020.020.830.450.80.020.07-0.160.260.050.83-0.10.810.330.320.18
0.320.170.450.130.14-0.07-0.370.240.070.240.150.070.340.380.090.38-0.270.280.180.12-0.830.350.440.450.51
0.950.520.450.580.52-0.08-0.450.520.50.66-0.020.50.940.860.530.77-0.030.830.60.610.050.730.690.710.43
0.470.790.130.58-0.08-0.660.030.180.96-0.05-0.070.960.530.74-0.110.260.10.21-0.040.980.060.830.310.270.19
0.70.120.140.52-0.080.73-0.860.22-0.120.94-0.23-0.120.490.540.960.3-0.580.880.960.030.150.370.770.790.41
0.14-0.48-0.07-0.08-0.660.73-0.550.16-0.710.68-0.12-0.71-0.02-0.150.760.03-0.440.460.69-0.570.14-0.270.30.310.07
-0.54-0.18-0.37-0.450.03-0.86-0.55-0.050.05-0.750.120.05-0.31-0.56-0.74-0.180.73-0.7-0.77-0.060.22-0.5-0.91-0.92-0.63
0.49-0.230.240.520.180.220.16-0.05-0.040.490.09-0.040.550.190.330.680.360.470.370.130.210.160.30.270.25
0.410.830.070.50.96-0.12-0.710.05-0.04-0.14-0.191.00.420.71-0.150.150.010.15-0.080.960.050.770.240.220.12
0.810.020.240.66-0.050.940.68-0.750.49-0.14-0.18-0.140.640.530.960.56-0.360.950.970.030.180.320.740.760.41
-0.180.020.15-0.02-0.07-0.23-0.120.120.09-0.19-0.18-0.190.04-0.11-0.30.080.31-0.21-0.37-0.12-0.220.0-0.1-0.12-0.16
0.410.830.070.50.96-0.12-0.710.05-0.041.0-0.14-0.190.420.71-0.150.150.010.15-0.080.960.050.770.240.220.12
0.920.450.340.940.530.49-0.02-0.310.550.420.640.040.420.770.530.730.030.80.560.570.170.630.540.560.2
0.850.80.380.860.740.54-0.15-0.560.190.710.53-0.110.710.770.480.45-0.330.730.530.8-0.050.930.760.750.44
0.730.020.090.53-0.110.960.76-0.740.33-0.150.96-0.3-0.150.530.480.41-0.480.910.980.010.260.260.660.690.26
0.720.070.380.770.260.30.03-0.180.680.150.560.080.150.730.450.410.280.640.440.260.120.30.40.410.14
-0.17-0.16-0.27-0.030.1-0.58-0.440.730.360.01-0.360.310.010.03-0.33-0.480.28-0.33-0.48-0.030.38-0.3-0.52-0.53-0.29
0.940.260.280.830.210.880.46-0.70.470.150.95-0.210.150.80.730.910.64-0.330.930.30.190.530.770.80.38
0.780.050.180.6-0.040.960.69-0.770.37-0.080.97-0.37-0.080.560.530.980.44-0.480.930.060.20.330.740.760.42
0.530.830.120.610.980.03-0.57-0.060.130.960.03-0.120.960.570.80.010.26-0.030.30.060.070.870.380.340.15
0.19-0.1-0.830.050.060.150.140.220.210.050.18-0.220.050.17-0.050.260.120.380.190.20.07-0.13-0.16-0.16-0.37
0.660.810.350.730.830.37-0.27-0.50.160.770.320.00.770.630.930.260.3-0.30.530.330.87-0.130.730.70.47
0.720.330.440.690.310.770.3-0.910.30.240.74-0.10.240.540.760.660.4-0.520.770.740.38-0.160.730.990.71
0.740.320.450.710.270.790.31-0.920.270.220.76-0.120.220.560.750.690.41-0.530.80.760.34-0.160.70.990.71
0.380.180.510.430.190.410.07-0.630.250.120.41-0.160.120.20.440.260.14-0.290.380.420.15-0.370.470.710.71
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Computer Modelling Account Relationship Matchups

Computer Modelling fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets120.9M122.5M125.1M137.1M172.4M181.0M
Other Current Liab5.9M6.2M6.5M9.3M18.5M19.4M
Total Current Liabilities41.4M38.2M38.9M46.5M64.2M67.4M
Total Stockholder Equity38.4M43.4M46.7M52.5M67.8M36.7M
Property Plant And Equipment Net51.4M47.5M44.0M41.1M38.9M40.9M
Net Debt1.9M(8.1M)(20.1M)(28.9M)(26.3M)(27.6M)
Retained Earnings(55.0M)(50.9M)(48.5M)(44.8M)(34.8M)(33.0M)
Accounts Payable402K188K293K634K2.0M1.1M
Cash40.5M49.1M59.7M66.9M63.2M41.5M
Non Current Assets Total52.4M49.4M46.2M44.9M66.4M69.8M
Non Currrent Assets Other16.6M15.1M52.4M(42.4M)59K56.1K
Cash And Short Term Investments40.5M49.1M59.7M66.9M63.2M41.5M
Net Receivables26.3M23.2M17.5M23.9M36.6M38.4M
Common Stock Shares Outstanding80.4M80.5M80.6M81.1M83.1M80.4M
Liabilities And Stockholders Equity120.9M122.5M125.1M137.1M172.4M181.0M
Non Current Liabilities Total41.1M40.9M39.5M38.1M40.4M42.4M
Other Current Assets1.7M828K1.8M1.5M6.2M6.5M
Other Stockholder Equity(24.8M)(29.2M)(31.7M)(37.0M)15.7M16.5M
Total Liab82.5M79.1M78.4M84.7M104.6M109.8M
Property Plant And Equipment Gross51.4M64.2M64.2M64.9M66.8M70.2M
Total Current Assets68.5M73.1M78.9M92.3M105.9M58.6M
Short Term Debt1.3M1.4M1.6M1.8M2.6M2.7M
Current Deferred Revenue33.8M30.5M30.5M34.8M41.1M23.8M
Common Stock79.9M80.1M80.2M81.8M87.3M78.8M
Other Liab2.2M445K1.3M1.6M1.8M1.3M
Net Tangible Assets47.3M38.4M43.4M46.7M42.0M42.3M
Property Plant Equipment51.4M47.5M44.0M41.1M47.3M26.4M
Capital Surpluse13.5M14.3M15.0M15.5M17.8M14.4M
Long Term Debt Total41.1M39.6M38.0M36.2M41.6M24.3M
Other Assets992K1.8M2.2M2.4M1.00.95
Net Invested Capital38.4M43.4M46.7M52.5M67.8M55.3M
Net Working Capital27.0M35.0M40.0M45.7M41.8M41.7M
Capital Stock79.9M80.1M80.2M81.8M87.3M89.6M

Pair Trading with Computer Modelling

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 Computer Modelling 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 Computer Modelling will appreciate offsetting losses from the drop in the long position's value.

Moving together with Computer Stock

  0.62DELX DelphX Capital Markets Earnings Call This WeekPairCorr

Moving against Computer Stock

  0.36CTF-UN Citadel IncomePairCorr
The ability to find closely correlated positions to Computer Modelling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Computer Modelling 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 Computer Modelling - 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 Computer Modelling Group to buy it.
The correlation of Computer Modelling 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 Computer Modelling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Computer Modelling 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 Computer Modelling 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Computer Stock

Balance Sheet is a snapshot of the financial position of Computer Modelling at a specified time, usually calculated after every quarter, six months, or one year. Computer Modelling Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Computer Modelling and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Computer currently owns. An asset can also be divided into two categories, current and non-current.