Finwise Net Income vs Gross Profit Analysis
| FINW Stock | USD 18.05 0.22 1.23% |
Finwise Bancorp financial indicator trend analysis is much more than just examining Finwise Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Finwise Bancorp is a good investment. Please check the relationship between Finwise Bancorp Net Income and its Gross Profit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Finwise Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Finwise Stock please use our How to Invest in Finwise Bancorp guide.
Net Income vs Gross Profit
Net Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Finwise Bancorp Net Income account and Gross Profit. At this time, the significance of the direction appears to have weak relationship.
The correlation between Finwise Bancorp's Net Income and Gross Profit is 0.34. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Finwise Bancorp, assuming nothing else is changed. The correlation between historical values of Finwise Bancorp's Net Income 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 Net Income of Finwise Bancorp 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 Net Income i.e., Finwise Bancorp's Net Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.34 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Finwise Bancorp financial statement analysis. It represents the amount of money remaining after all of Finwise Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Finwise Bancorp minus its cost of goods sold. It is profit before Finwise Bancorp 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 Finwise Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Finwise Bancorp 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 Finwise Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Finwise Stock please use our How to Invest in Finwise Bancorp guide.At this time, Finwise Bancorp's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 101.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4.7 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 48.0M | 50.9M | 52.8M | 43.9M | Tax Provision | 10.7M | 10.9M | 7.2M | 7.9M |
Finwise Bancorp fundamental ratios Correlations
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Finwise Bancorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Finwise Bancorp's price analysis, check to measure Finwise Bancorp'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 Finwise Bancorp is operating at the current time. Most of Finwise Bancorp's value examination focuses on studying past and present price action to predict the probability of Finwise Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Finwise Bancorp's price. Additionally, you may evaluate how the addition of Finwise Bancorp to your portfolios can decrease your overall portfolio volatility.