Alpha Operating Income vs Income Tax Expense Analysis
| DRTSW Stock | USD 0.19 0.02 11.76% |
Alpha Tau financial indicator trend analysis is way more than just evaluating Alpha Tau Medical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alpha Tau Medical is a good investment. Please check the relationship between Alpha Tau Operating Income and its Income Tax Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Alpha Tau Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Operating Income vs Income Tax Expense
Operating Income vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alpha Tau Medical Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Alpha Tau's Operating Income and Income Tax Expense is -0.39. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Alpha Tau Medical, assuming nothing else is changed. The correlation between historical values of Alpha Tau's Operating 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 Operating Income of Alpha Tau Medical 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 Operating Income i.e., Alpha Tau's Operating Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.39 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Alpha Tau Medical operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Alpha Tau Medical is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Income Tax Expense
Most indicators from Alpha Tau's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alpha Tau Medical 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 Alpha Tau Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. Tax Provision is likely to drop to about 15.2 K in 2024. Selling General Administrative is likely to drop to about 4.8 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 195K | 1.8M | 4.7M | 5.0M | Tax Provision | 7K | 20K | 16K | 15.2K |
Alpha Tau fundamental ratios Correlations
Click cells to compare fundamentals
Alpha Tau Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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.Additional Tools for Alpha Stock Analysis
When running Alpha Tau's price analysis, check to measure Alpha Tau'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 Alpha Tau is operating at the current time. Most of Alpha Tau's value examination focuses on studying past and present price action to predict the probability of Alpha Tau's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alpha Tau's price. Additionally, you may evaluate how the addition of Alpha Tau to your portfolios can decrease your overall portfolio volatility.