Diligent Media financial indicator trend analysis is much more than just examining Diligent Media latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diligent Media is a good investment. Please check the relationship between Diligent Media Extraordinary Items and its Gross Profit accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diligent Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Extraordinary Items vs Gross Profit
Extraordinary Items vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Diligent Media Extraordinary Items account and
Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Diligent Media's Extraordinary Items and Gross Profit is -0.47. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Diligent Media, assuming nothing else is changed. The correlation between historical values of Diligent Media's Extraordinary Items 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 Extraordinary Items of Diligent Media 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 Extraordinary Items i.e., Diligent Media's Extraordinary Items and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.47 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Extraordinary Items
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Diligent Media minus its cost of goods sold. It is profit before Diligent Media 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 Diligent Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diligent Media 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diligent Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
The Diligent Media's current
Selling General Administrative is estimated to increase to about 114.3
M. The Diligent Media's current
Tax Provision is estimated to increase to about 440.5
M | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 52.4M | 48.3M | 10.6M | 10.0M | Total Revenue | 64.8M | 94.4M | 97.0M | 92.2M |
Diligent Media fundamental ratios Correlations
Click cells to compare fundamentals
Diligent Media Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Diligent Media fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Diligent Stock
Balance Sheet is a snapshot of the
financial position of Diligent Media at a specified time, usually calculated after every quarter, six months, or one year. Diligent Media Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Diligent Media 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 Diligent currently owns. An asset can also be divided into two categories, current and non-current.