Moving Operating Income vs Gross Profit Analysis

MITQ Stock

USD 0.66 0.01 1.54%

Moving IMage financial indicator trend analysis is infinitely more than just investigating Moving iMage Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Moving iMage Technologies is a good investment. Please check the relationship between Moving IMage Operating Income and its Gross Profit accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Moving iMage Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Moving iMage Technologies Operating Income account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.

The correlation between Moving IMage's Operating Income and Gross Profit is 0.6. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Moving iMage Technologies, assuming nothing else is changed. The correlation between historical values of Moving IMage's Operating 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 Operating Income of Moving iMage Technologies 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 Operating Income i.e., Moving IMage's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Moving iMage Technologies 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 Moving iMage Technologies 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Moving iMage Technologies minus its cost of goods sold. It is profit before Moving IMage 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 Moving IMage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Moving iMage Technologies 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 Moving iMage Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

As of 12/01/2024, Selling General Administrative is likely to drop to about 3 M. In addition to that, Issuance Of Capital Stock is likely to grow to about (954.2 K)

	2021	2022	2023	2024 (projected)
Gross Profit	4.5M	5.3M	4.7M	3.5M
Total Revenue	18.4M	20.2M	20.1M	14.6M

Gross Profit Total Revenue

Moving IMage fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Accounts Payable	Other Assets	Net Receivables	Inventory	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Net Working Capital
Other Current Liab		0.41	0.39	0.26	-0.51	0.22	-0.16	0.31	0.44	-0.48	-0.26	0.52	0.46	-0.29	0.55	0.09	0.03	0.51	0.22	0.46	0.39	0.72	0.41	0.28	0.56	0.27
Total Current Liabilities	0.41		0.41	0.28	-0.56	0.27	-0.42	0.34	0.32	-0.58	0.21	0.4	0.26	0.18	0.54	-0.2	0.32	0.36	0.27	0.38	0.34	0.39	0.34	0.35	0.22	0.28
Other Liab	0.39	0.41		0.43	-0.88	0.44	-0.74	0.29	0.44	-0.84	0.52	0.56	0.45	0.4	0.59	-0.31	0.61	0.68	0.44	0.63	0.89	0.48	0.59	0.31	0.58	0.48
Net Tangible Assets	0.26	0.28	0.43		-0.61	-0.48	-0.25	0.87	0.91	-0.62	0.75	0.88	0.91	0.51	0.8	-0.92	0.77	0.0	-0.49	0.88	0.5	0.79	0.91	-0.47	0.86	1.0
Accounts Payable	-0.51	-0.56	-0.88	-0.61		-0.35	0.81	-0.56	-0.66	0.97	-0.58	-0.8	-0.67	-0.54	-0.84	0.46	-0.74	-0.73	-0.35	-0.83	-0.94	-0.73	-0.77	-0.32	-0.75	-0.65
Other Assets	0.22	0.27	0.44	-0.48	-0.35		-0.67	-0.48	-0.41	-0.38	-0.16	-0.2	-0.4	-0.09	-0.1	0.59	-0.12	0.82	1.0	-0.16	0.43	-0.2	-0.24	0.91	-0.2	-0.43
Net Receivables	-0.16	-0.42	-0.74	-0.25	0.81	-0.67		-0.19	-0.25	0.87	-0.58	-0.44	-0.26	-0.54	-0.47	0.19	-0.61	-0.84	-0.66	-0.51	-0.82	-0.28	-0.45	-0.61	-0.41	-0.32
Inventory	0.31	0.34	0.29	0.87	-0.56	-0.48	-0.19		0.97	-0.55	0.53	0.93	0.95	0.63	0.89	-0.83	0.79	0.03	-0.48	0.9	0.35	0.85	0.91	-0.28	0.85	0.86
Total Current Assets	0.44	0.32	0.44	0.91	-0.66	-0.41	-0.25	0.97		-0.64	0.54	0.97	1.0	0.55	0.92	-0.81	0.79	0.13	-0.41	0.96	0.48	0.92	0.96	-0.27	0.94	0.91
Common Stock	-0.48	-0.58	-0.84	-0.62	0.97	-0.38	0.87	-0.55	-0.64		-0.63	-0.79	-0.65	-0.52	-0.8	0.46	-0.76	-0.75	-0.37	-0.83	-0.89	-0.69	-0.78	-0.36	-0.76	-0.67
Property Plant Equipment	-0.26	0.21	0.52	0.75	-0.58	-0.16	-0.58	0.53	0.54	-0.63		0.57	0.54	0.75	0.5	-0.83	0.84	0.12	-0.16	0.64	0.57	0.32	0.67	-0.24	0.53	0.77
Total Assets	0.52	0.4	0.56	0.88	-0.8	-0.2	-0.44	0.93	0.97	-0.79	0.57		0.97	0.57	0.97	-0.74	0.81	0.35	-0.2	0.99	0.63	0.95	0.97	-0.08	0.96	0.9
Total Stockholder Equity	0.46	0.26	0.45	0.91	-0.67	-0.4	-0.26	0.95	1.0	-0.65	0.54	0.97		0.53	0.91	-0.8	0.78	0.15	-0.4	0.96	0.51	0.93	0.96	-0.28	0.96	0.91
Property Plant And Equipment Net	-0.29	0.18	0.4	0.51	-0.54	-0.09	-0.54	0.63	0.55	-0.52	0.75	0.57	0.53		0.59	-0.69	0.86	0.2	-0.09	0.63	0.47	0.33	0.6	0.03	0.45	0.53
Current Deferred Revenue	0.55	0.54	0.59	0.8	-0.84	-0.1	-0.47	0.89	0.92	-0.8	0.5	0.97	0.91	0.59		-0.68	0.78	0.4	-0.1	0.95	0.67	0.93	0.91	0.02	0.88	0.81
Net Debt	0.09	-0.2	-0.31	-0.92	0.46	0.59	0.19	-0.83	-0.81	0.46	-0.83	-0.74	-0.8	-0.69	-0.68		-0.83	0.21	0.59	-0.77	-0.36	-0.56	-0.82	0.56	-0.67	-0.9
Cash	0.03	0.32	0.61	0.77	-0.74	-0.12	-0.61	0.79	0.79	-0.76	0.84	0.81	0.78	0.86	0.78	-0.83		0.27	-0.12	0.88	0.63	0.58	0.89	-0.05	0.74	0.79
Non Current Assets Total	0.51	0.36	0.68	0.0	-0.73	0.82	-0.84	0.03	0.13	-0.75	0.12	0.35	0.15	0.2	0.4	0.21	0.27		0.82	0.37	0.73	0.35	0.26	0.81	0.36	0.07
Non Currrent Assets Other	0.22	0.27	0.44	-0.49	-0.35	1.0	-0.66	-0.48	-0.41	-0.37	-0.16	-0.2	-0.4	-0.09	-0.1	0.59	-0.12	0.82		-0.16	0.43	-0.2	-0.25	0.91	-0.2	-0.43
Cash And Short Term Investments	0.46	0.38	0.63	0.88	-0.83	-0.16	-0.51	0.9	0.96	-0.83	0.64	0.99	0.96	0.63	0.95	-0.77	0.88	0.37	-0.16		0.68	0.9	0.99	-0.07	0.96	0.9
Common Stock Shares Outstanding	0.39	0.34	0.89	0.5	-0.94	0.43	-0.82	0.35	0.48	-0.89	0.57	0.63	0.51	0.47	0.67	-0.36	0.63	0.73	0.43	0.68		0.57	0.62	0.28	0.63	0.55
Other Current Assets	0.72	0.39	0.48	0.79	-0.73	-0.2	-0.28	0.85	0.92	-0.69	0.32	0.95	0.93	0.33	0.93	-0.56	0.58	0.35	-0.2	0.9	0.57		0.86	-0.08	0.93	0.8
Other Stockholder Equity	0.41	0.34	0.59	0.91	-0.77	-0.24	-0.45	0.91	0.96	-0.78	0.67	0.97	0.96	0.6	0.91	-0.82	0.89	0.26	-0.25	0.99	0.62	0.86		-0.16	0.95	0.92
Total Liab	0.28	0.35	0.31	-0.47	-0.32	0.91	-0.61	-0.28	-0.27	-0.36	-0.24	-0.08	-0.28	0.03	0.02	0.56	-0.05	0.81	0.91	-0.07	0.28	-0.08	-0.16		-0.12	-0.42
Property Plant And Equipment Gross	0.56	0.22	0.58	0.86	-0.75	-0.2	-0.41	0.85	0.94	-0.76	0.53	0.96	0.96	0.45	0.88	-0.67	0.74	0.36	-0.2	0.96	0.63	0.93	0.95	-0.12		0.88
Net Working Capital	0.27	0.28	0.48	1.0	-0.65	-0.43	-0.32	0.86	0.91	-0.67	0.77	0.9	0.91	0.53	0.81	-0.9	0.79	0.07	-0.43	0.9	0.55	0.8	0.92	-0.42	0.88

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Moving IMage Account Relationship Matchups

Moving IMage fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	454K	1.9M	3.8M	337K	554K	526.3K
Total Current Liabilities	4.5M	6.0M	5.4M	5.6M	4.8M	5.7M
Net Tangible Assets	(2.3M)	(3.2M)	8.3M	7.1M	8.2M	8.6M
Accounts Payable	2.7M	1.9M	1.6M	1.5M	2.3M	2.0M
Other Assets	17K	188K	698K	1.1M	18.4K	17.5K
Net Receivables	809K	454K	1.8M	905K	1.0M	1.2M
Inventory	1.6M	1.5M	4.0M	4.4M	3.1M	2.9M
Total Current Assets	3.5M	3.3M	13.4M	12.4M	9.9M	7.9M
Common Stock	126K	(86K)	(969K)	(2.0M)	(1.8M)	(1.7M)
Property Plant Equipment	151K	21K	22K	443K	509.5K	534.9K
Total Assets	5.7M	5.7M	14.9M	13.3M	10.5M	9.5M
Total Stockholder Equity	(969K)	(2.0M)	9.4M	7.6M	5.7M	3.1M
Property Plant And Equipment Net	151K	21K	22K	443K	172K	139.2K
Current Deferred Revenue	854K	1.4M	3.2M	3.2M	1.7M	1.9M
Net Debt	1.6M	2.5M	(2.3M)	(6.2M)	(5.1M)	(4.9M)
Cash	1.1M	1.3M	2.3M	6.6M	5.3M	2.8M
Non Current Assets Total	2.2M	2.4M	1.5M	939K	610K	579.5K
Non Currrent Assets Other	188K	698K	1.1M	16K	14.4K	13.7K
Cash And Short Term Investments	1.1M	1.3M	6.7M	6.6M	5.3M	3.5M
Liabilities And Stockholders Equity	5.7M	5.7M	14.9M	13.3M	10.5M	9.5M
Non Current Liabilities Total	2.2M	1.7M	22K	151K	135.9K	129.1K
Other Current Assets	77K	95K	1.7M	902K	470K	541.2K
Other Stockholder Equity	(410K)	1.0M	12.5M	12.5M	12.0M	6.0M
Total Liab	6.7M	7.7M	5.4M	5.8M	4.8M	4.6M
Property Plant And Equipment Gross	151K	21K	732K	443K	509.5K	261.1K
Net Working Capital	(983K)	(2.7M)	7.9M	6.8M	7.8M	8.2M

Pair Trading with Moving IMage

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 Moving IMage 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 Moving IMage will appreciate offsetting losses from the drop in the long position's value.

Moving against Moving Stock

0.58	CDW	CDW Corp	Pair Corr
0.56	IVAC	Intevac	Pair Corr
0.54	VRME	VerifyMe	Pair Corr
0.54	EVLV	Evolv Technologies Trending	Pair Corr
0.5	STX	Seagate Technology PLC	Pair Corr

The ability to find closely correlated positions to Moving IMage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Moving IMage 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 Moving IMage - 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 Moving iMage Technologies to buy it.

The correlation of Moving IMage 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 Moving IMage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Moving iMage Technologies 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 Moving IMage 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.

Pair Correlation Correlation Matching

Additional Tools for Moving Stock Analysis

When running Moving IMage's price analysis, check to measure Moving IMage'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 Moving IMage is operating at the current time. Most of Moving IMage's value examination focuses on studying past and present price action to predict the probability of Moving IMage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Moving IMage's price. Additionally, you may evaluate how the addition of Moving IMage to your portfolios can decrease your overall portfolio volatility.

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