Evergreen Income Before Tax vs Gross Profit Analysis
| EVGR Stock | USD 11.80 0.04 0.34% |
Evergreen Corp financial indicator trend analysis is much more than just examining Evergreen Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evergreen Corp is a good investment. Please check the relationship between Evergreen Corp Income Before Tax and its Gross Profit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evergreen Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Evergreen Stock, please use our How to Invest in Evergreen Corp guide.
Income Before Tax vs Gross Profit
Income Before Tax vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evergreen Corp Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have pay attention.
The correlation between Evergreen Corp's Income Before Tax and Gross Profit is -0.98. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Evergreen Corp, assuming nothing else is changed. The correlation between historical values of Evergreen Corp's Income Before Tax 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 Income Before Tax of Evergreen Corp 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 Income Before Tax i.e., Evergreen Corp's Income Before Tax and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.98 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Evergreen Corp income statement and is an important metric when analyzing Evergreen Corp 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.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Evergreen Corp minus its cost of goods sold. It is profit before Evergreen Corp 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 Evergreen Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evergreen Corp 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 Evergreen Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Evergreen Stock, please use our How to Invest in Evergreen Corp guide.Issuance Of Capital Stock is expected to grow at the current pace this year. In addition to that, Enterprise Value Over EBITDA is likely to drop to 45.20
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Income | 1.3M | 5.0M | 5.8M | 3.5M | Net Interest Income | 1.3M | 5.0M | 5.8M | 3.5M |
Evergreen Corp fundamental ratios Correlations
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Evergreen Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Evergreen Corp
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 Evergreen Corp 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 Evergreen Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Evergreen Stock
| 0.83 | BN | Brookfield Corp | PairCorr |
| 0.8 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.94 | CG | Carlyle Group | PairCorr |
| 0.87 | APO | Apollo Global Management | PairCorr |
| 0.76 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against Evergreen Stock
The ability to find closely correlated positions to Evergreen Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evergreen Corp 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 Evergreen Corp - 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 Evergreen Corp to buy it.
The correlation of Evergreen Corp 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 Evergreen Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evergreen Corp 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 Evergreen Corp 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.Additional Tools for Evergreen Stock Analysis
When running Evergreen Corp's price analysis, check to measure Evergreen Corp'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 Evergreen Corp is operating at the current time. Most of Evergreen Corp's value examination focuses on studying past and present price action to predict the probability of Evergreen Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evergreen Corp's price. Additionally, you may evaluate how the addition of Evergreen Corp to your portfolios can decrease your overall portfolio volatility.