Fenbo Operating Income vs Income Before Tax Analysis
| FEBO Stock | 1.95 0.24 10.96% |
Fenbo Holdings financial indicator trend analysis is much more than just examining Fenbo Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fenbo Holdings is a good investment. Please check the relationship between Fenbo Holdings Operating Income and its Income Before Tax accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fenbo Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Operating Income vs Income Before Tax
Operating Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fenbo Holdings Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Fenbo Holdings' Operating Income and Income Before Tax is 0.98. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Fenbo Holdings Limited, assuming nothing else is changed. The correlation between historical values of Fenbo Holdings' Operating Income and Income Before Tax 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 Fenbo Holdings Limited are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Fenbo Holdings' Operating Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from Fenbo Holdings 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 Fenbo Holdings Limited 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 Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Fenbo Holdings income statement and is an important metric when analyzing Fenbo Holdings 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.Most indicators from Fenbo Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fenbo Holdings 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 Fenbo Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. As of the 24th of November 2024, Tax Provision is likely to drop to about 124.5 K. In addition to that, Selling General Administrative is likely to drop to about 17.4 M
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 782.1K | 710.6K | 5.9M | 3.5M | Interest Income | 17K | 20K | 84K | 88.2K |
Fenbo Holdings fundamental ratios Correlations
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Fenbo Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Fenbo Holdings
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 Fenbo Holdings 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 Fenbo Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Fenbo Stock
| 0.91 | AS | Amer Sports, | PairCorr |
| 0.87 | VSTO | Vista Outdoor | PairCorr |
| 0.85 | RL | Ralph Lauren Corp | PairCorr |
| 0.84 | GIL | Gildan Activewear | PairCorr |
| 0.84 | HBI | Hanesbrands | PairCorr |
The ability to find closely correlated positions to Fenbo Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fenbo Holdings 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 Fenbo Holdings - 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 Fenbo Holdings Limited to buy it.
The correlation of Fenbo Holdings 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 Fenbo Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fenbo Holdings 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 Fenbo Holdings 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fenbo Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Household Appliances space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fenbo Holdings. If investors know Fenbo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fenbo Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.04) | Revenue Per Share 12.006 | Quarterly Revenue Growth 0.142 | Return On Assets (0.02) | Return On Equity (0.08) |
The market value of Fenbo Holdings is measured differently than its book value, which is the value of Fenbo that is recorded on the company's balance sheet. Investors also form their own opinion of Fenbo Holdings' value that differs from its market value or its book value, called intrinsic value, which is Fenbo Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fenbo Holdings' market value can be influenced by many factors that don't directly affect Fenbo Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fenbo Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fenbo Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fenbo Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.