ParaZero Income Before Tax vs Total Revenue Analysis
| PRZO Stock | 1.24 0.60 93.75% |
ParaZero Technologies financial indicator trend analysis is much more than just breaking down ParaZero Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ParaZero Technologies is a good investment. Please check the relationship between ParaZero Technologies Income Before Tax and its Total Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ParaZero Technologies Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Income Before Tax vs Total Revenue
Income Before Tax vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ParaZero Technologies Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between ParaZero Technologies' Income Before Tax and Total Revenue is 0.82. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of ParaZero Technologies Ltd, assuming nothing else is changed. The correlation between historical values of ParaZero Technologies' Income Before Tax and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of ParaZero Technologies Ltd are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., ParaZero Technologies' Income Before Tax and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on ParaZero Technologies income statement and is an important metric when analyzing ParaZero Technologies 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.Total Revenue
Total revenue comprises all receipts ParaZero Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from ParaZero Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ParaZero 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in ParaZero Technologies Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, ParaZero Technologies' Issuance Of Capital Stock is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 9.19, while Selling General Administrative is likely to drop about 951.4 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.1K | 17.4K | 152.7K | 160.4K | Depreciation And Amortization | 5.5K | 5.5K | 4.6K | 4.4K |
ParaZero Technologies fundamental ratios Correlations
Click cells to compare fundamentals
ParaZero Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with ParaZero Technologies
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 ParaZero Technologies 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 ParaZero Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against ParaZero Stock
| 0.5 | SATLW | Satellogic Warrant | PairCorr |
| 0.37 | MITQ | Moving iMage Technologies | PairCorr |
| 0.32 | UKOMW | Ucommune International | PairCorr |
The ability to find closely correlated positions to ParaZero Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ParaZero Technologies 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 ParaZero Technologies - 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 ParaZero Technologies Ltd to buy it.
The correlation of ParaZero Technologies 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 ParaZero Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ParaZero 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 ParaZero Technologies 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ParaZero Technologies Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ParaZero Technologies. If investors know ParaZero will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ParaZero Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.48) | Revenue Per Share 0.065 | Quarterly Revenue Growth (0.18) | Return On Assets (0.68) | Return On Equity (5.03) |
The market value of ParaZero Technologies is measured differently than its book value, which is the value of ParaZero that is recorded on the company's balance sheet. Investors also form their own opinion of ParaZero Technologies' value that differs from its market value or its book value, called intrinsic value, which is ParaZero Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ParaZero Technologies' market value can be influenced by many factors that don't directly affect ParaZero Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ParaZero Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ParaZero Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ParaZero Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.