Odyssey Energy financial indicator trend analysis is much more than just breaking down Odyssey Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Odyssey Energy is a good investment. Please check the relationship between Odyssey Energy Gross Profit and its Income Before Tax accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Odyssey Energy. 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
Odyssey Energy Gross Profit account and
Income Before Tax. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Odyssey Energy's Gross Profit and Income Before Tax is 0.57. 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 Odyssey Energy, assuming nothing else is changed. The correlation between historical values of Odyssey Energy'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 Odyssey Energy 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., Odyssey Energy's Gross Profit and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.57 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Odyssey Energy minus its cost of goods sold. It is profit before Odyssey Energy 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 Odyssey Energy income statement and is an important metric when analyzing Odyssey Energy 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 Odyssey Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Odyssey Energy 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Odyssey Energy. 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.
Issuance Of Capital Stock is likely to gain to about 5.6
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 376.8
K in 2024.
Odyssey Energy fundamental ratios Correlations
Click cells to compare fundamentals
Odyssey Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Odyssey Energy fundamental ratios Accounts
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Additional Tools for Odyssey Stock Analysis
When running Odyssey Energy's price analysis, check to
measure Odyssey Energy'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 Odyssey Energy is operating at the current time. Most of Odyssey Energy's value examination focuses on studying past and present price action to
predict the probability of Odyssey Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odyssey Energy's price. Additionally, you may evaluate how the addition of Odyssey Energy to your portfolios can decrease your overall portfolio volatility.