| OVLY Stock | | | USD 31.26 0.29 0.94% |
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 Total Operating Expenses and its Depreciation And Amortization 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.
Total Operating Expenses vs Depreciation And Amortization
Total Operating Expenses vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Oak Valley Bancorp Total Operating Expenses account and
Depreciation And Amortization. At this time, the significance of the direction appears to have no relationship.
The correlation between Oak Valley's Total Operating Expenses and Depreciation And Amortization is 0.01. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Depreciation And Amortization 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 Total Operating Expenses and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Oak Valley Bancorp are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Operating Expenses i.e., Oak Valley's Total Operating Expenses and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.01 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
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.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 971K | 1.1M | 4.9M | 2.8M | Depreciation And Amortization | 1.3M | 1.3M | 1.1M | 1.1M |
Oak Valley fundamental ratios Correlations
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Oak Valley Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oak Valley fundamental ratios Accounts
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