| OVLY Stock | | | USD 30.71 0.54 1.79% |
Oak Valley financial indicator trend analysis is much more than just breaking down Oak Valley Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oak Valley Bancorp is a good investment. Please check the relationship between Oak Valley Tax Provision and its Gross Profit accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oak Valley Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Tax Provision vs Gross Profit
Tax Provision vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Oak Valley Bancorp Tax Provision account and
Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Oak Valley's Tax Provision and Gross Profit is 0.46. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Oak Valley Bancorp, assuming nothing else is changed. The correlation between historical values of Oak Valley's Tax Provision 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 Tax Provision of Oak Valley Bancorp 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 Tax Provision i.e., Oak Valley's Tax Provision and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.46 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Oak Valley Bancorp minus its cost of goods sold. It is profit before Oak Valley 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 Oak Valley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oak Valley Bancorp 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 Oak Valley Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, Oak Valley's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.41 in 2024, whereas Tax Provision is likely to drop slightly above 5.7
M in 2024.
Oak Valley fundamental ratios Correlations
Click cells to compare fundamentals
Oak Valley Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oak Valley fundamental ratios Accounts
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