| PTM Stock | | | 1.05 0.01 0.94% |
Platinum Asset financial indicator trend analysis is much more than just breaking down Platinum Asset Management prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Platinum Asset Management is a good investment. Please check the relationship between Platinum Asset Research Development and its Income Before Tax accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Platinum Asset Management. 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.
Research Development vs Income Before Tax
Research Development vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Platinum Asset Management Research Development account and
Income Before Tax. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Platinum Asset's Research Development and Income Before Tax is -0.58. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Platinum Asset Management, assuming nothing else is changed. The correlation between historical values of Platinum Asset's Research Development 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 Research Development of Platinum Asset Management 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 Research Development i.e., Platinum Asset's Research Development and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.58 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Research Development
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Platinum Asset income statement and is an important metric when analyzing Platinum Asset Management 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 Platinum Asset's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Platinum Asset Management 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 Platinum Asset Management. 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.
At this time, Platinum Asset's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 50.8
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 1
M in 2024.
Platinum Asset fundamental ratios Correlations
Click cells to compare fundamentals
Platinum Asset Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Platinum Asset fundamental ratios Accounts
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Additional Tools for Platinum Stock Analysis
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