Korver Total Revenue vs Operating Income Analysis
| KOVR Stock | USD 0.0001 0.00 0.00% |
Korver Corp financial indicator trend analysis is infinitely more than just investigating Korver Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Korver Corp is a good investment. Please check the relationship between Korver Corp Total Revenue and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Korver 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 real. To learn how to invest in Korver Stock, please use our How to Invest in Korver Corp guide.
Total Revenue vs Operating Income
Total Revenue vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Korver Corp Total Revenue account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Korver Corp's Total Revenue and Operating Income is 0.96. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of Korver Corp, assuming nothing else is changed. The correlation between historical values of Korver Corp's Total Revenue and Operating Income 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 Korver Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Revenue i.e., Korver Corp's Total Revenue and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts Korver Corp 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.Operating Income
Operating Income is the amount of profit realized from Korver Corp 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 Korver Corp 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.Most indicators from Korver Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Korver 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Korver 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 real. To learn how to invest in Korver Stock, please use our How to Invest in Korver Corp guide.As of 11/28/2024, Enterprise Value is likely to grow to about 679.6 K, while Selling General Administrative is likely to drop slightly above 324.4 K.
| 2010 | 2011 | 2023 | 2024 (projected) | Gross Profit | 391.9K | 57.7K | 51.9K | 49.3K | Total Revenue | 1.2M | 729.4K | 656.5K | 778.2K |
Korver Corp fundamental ratios Correlations
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Korver Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Korver 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 Korver 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 Korver Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Korver 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 Korver 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 Korver 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 Korver Corp to buy it.
The correlation of Korver 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 Korver Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korver 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 Korver 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 Korver Stock Analysis
When running Korver Corp's price analysis, check to measure Korver 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 Korver Corp is operating at the current time. Most of Korver Corp's value examination focuses on studying past and present price action to predict the probability of Korver 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 Korver Corp's price. Additionally, you may evaluate how the addition of Korver Corp to your portfolios can decrease your overall portfolio volatility.