| GR1T Stock | | | 10.50 0.25 2.33% |
GRIT Real financial indicator trend analysis is much more than just examining GRIT Real Estate latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GRIT Real Estate is a good investment. Please check the relationship between GRIT Real Gross Profit and its Income Before Tax accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GRIT Real Estate. 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.
Gross Profit vs Income Before Tax
Gross Profit vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GRIT Real Estate Gross Profit account and
Income Before Tax. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between GRIT Real's Gross Profit and Income Before Tax is -0.53. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of GRIT Real Estate, assuming nothing else is changed. The correlation between historical values of GRIT Real's Gross Profit 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 Gross Profit of GRIT Real Estate 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 Gross Profit i.e., GRIT Real's Gross Profit and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of GRIT Real Estate minus its cost of goods sold. It is profit before GRIT Real 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.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on GRIT Real income statement and is an important metric when analyzing GRIT Real Estate 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 GRIT Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GRIT Real Estate 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GRIT Real Estate. 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.
Tax Provision is likely to gain to about 6.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 146.5
K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 42.1M | 46.6M | 51.6M | 88.2K | Total Revenue | 50.8M | 56.2M | 64.0M | 103.0K |
GRIT Real fundamental ratios Correlations
Click cells to compare fundamentals
GRIT Real Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GRIT Real fundamental ratios Accounts
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 GRIT Stock Analysis
When running GRIT Real's price analysis, check to
measure GRIT Real'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 GRIT Real is operating at the current time. Most of GRIT Real's value examination focuses on studying past and present price action to
predict the probability of GRIT Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GRIT Real's price. Additionally, you may evaluate how the addition of GRIT Real to your portfolios can decrease your overall portfolio volatility.