Maritime Gross Profit vs Income Before Tax Analysis
| MAXQ Stock | 0.04 0.01 20.00% |
Maritime Launch financial indicator trend analysis is infinitely more than just investigating Maritime Launch Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maritime Launch Services is a good investment. Please check the relationship between Maritime Launch Gross Profit and its Income Before Tax accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maritime Launch Services. 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 Maritime Launch Services Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Maritime Launch's Gross Profit and Income Before Tax is 0.83. 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 Maritime Launch Services, assuming nothing else is changed. The correlation between historical values of Maritime Launch'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 Maritime Launch Services 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., Maritime Launch's Gross Profit and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.83 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Maritime Launch Services minus its cost of goods sold. It is profit before Maritime Launch 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 Maritime Launch income statement and is an important metric when analyzing Maritime Launch Services 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 Maritime Launch's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maritime Launch Services 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 Maritime Launch Services. 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. As of November 29, 2024, Selling General Administrative is expected to decline to about 3.5 M. Issuance Of Capital Stock is expected to grow at the current pace this year
| 2010 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 11.2K | 34.3K | 37.5K | 30.5K | Cost Of Revenue | 11.2K | 34.3K | 37.5K | 30.5K |
Maritime Launch fundamental ratios Correlations
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Maritime Launch Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Maritime Launch
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 Maritime Launch 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 Maritime Launch will appreciate offsetting losses from the drop in the long position's value.Moving against Maritime Stock
| 0.5 | FFH | Fairfax Financial | PairCorr |
| 0.4 | FFH-PF | Fairfax Financial | PairCorr |
| 0.39 | TPX-B | Molson Coors Canada | PairCorr |
| 0.36 | FFH-PD | Fairfax Financial | PairCorr |
| 0.34 | FFH-PJ | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Maritime Launch could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maritime Launch 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 Maritime Launch - 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 Maritime Launch Services to buy it.
The correlation of Maritime Launch 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 Maritime Launch moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maritime Launch Services 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 Maritime Launch 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.Other Information on Investing in Maritime Stock
Balance Sheet is a snapshot of the financial position of Maritime Launch Services at a specified time, usually calculated after every quarter, six months, or one year. Maritime Launch Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Maritime Launch and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Maritime currently owns. An asset can also be divided into two categories, current and non-current.