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 Other Operating Expenses and its Tax Provision 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.
Other Operating Expenses vs Tax Provision
Other Operating Expenses vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Diligent Media Other Operating Expenses account and
Tax Provision. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Diligent Media's Other Operating Expenses and Tax Provision is -0.57. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Tax Provision 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 Other Operating Expenses and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Diligent Media are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Other Operating Expenses i.e., Diligent Media's Other Operating Expenses and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.57 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Diligent Media. It is also known as Diligent Media overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
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
MDiligent 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
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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.