Oriental Net Income vs Tax Provision Analysis
| ORIS Stock | 6.74 0.54 7.42% |
Oriental Rise financial indicator trend analysis is much more than just breaking down Oriental Rise Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oriental Rise Holdings is a good investment. Please check the relationship between Oriental Rise Net Income and its Tax Provision accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oriental Rise Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Net Income vs Tax Provision
Net Income vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oriental Rise Holdings Net Income account and Tax Provision. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Oriental Rise's Net Income and Tax Provision is -0.3. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Oriental Rise Holdings, assuming nothing else is changed. The correlation between historical values of Oriental Rise's Net Income 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 Net Income of Oriental Rise Holdings 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 Net Income i.e., Oriental Rise's Net Income and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.3 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Oriental Rise Holdings financial statement analysis. It represents the amount of money remaining after all of Oriental Rise Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.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 Oriental Rise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oriental Rise Holdings 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 Oriental Rise Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. Tax Provision is likely to gain to about (112.1 K) in 2024. Selling General Administrative is likely to drop to about 1.1 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 51K | 72K | 149K | 82.8K | Interest Income | 46K | 65K | 80K | 61.6K |
Oriental Rise fundamental ratios Correlations
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Oriental Rise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Oriental Stock Analysis
When running Oriental Rise's price analysis, check to measure Oriental Rise'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 Oriental Rise is operating at the current time. Most of Oriental Rise's value examination focuses on studying past and present price action to predict the probability of Oriental Rise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oriental Rise's price. Additionally, you may evaluate how the addition of Oriental Rise to your portfolios can decrease your overall portfolio volatility.