HMC Stock | | | 12.27 0.07 0.57% |
Home Consortium financial indicator trend analysis is much more than just examining Home Consortium latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Home Consortium is a good investment. Please check the relationship between Home Consortium Total Revenue and its Tax Provision accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Home Consortium. 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.
Total Revenue vs Tax Provision
Total Revenue vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Home Consortium Total Revenue account and
Tax Provision. At this time, the significance of the direction appears to have strong relationship.
The correlation between Home Consortium's Total Revenue and Tax Provision is 0.79. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Home Consortium, assuming nothing else is changed. The correlation between historical values of Home Consortium's Total Revenue and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Home Consortium are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Total Revenue i.e., Home Consortium's Total Revenue and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Revenue
Total revenue comprises all receipts Home Consortium generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Home Consortium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Home Consortium 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 Home Consortium. 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.
At this time, Home Consortium's Tax Provision is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 11.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 16.6
M in 2024.
Home Consortium fundamental ratios Correlations
Click cells to compare fundamentals
Home Consortium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Home Consortium fundamental ratios Accounts
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Additional Tools for Home Stock Analysis
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measure Home Consortium'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 Home Consortium is operating at the current time. Most of Home Consortium's value examination focuses on studying past and present price action to
predict the probability of Home Consortium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Home Consortium's price. Additionally, you may evaluate how the addition of Home Consortium to your portfolios can decrease your overall portfolio volatility.