| RDVT Stock | | | USD 36.53 1.52 4.34% |
Red Violet financial indicator trend analysis is much more than just breaking down Red Violet prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Violet is a good investment. Please check the relationship between Red Violet Interest Income and its Gross Profit accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
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Interest Income vs Gross Profit
Interest Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Red Violet Interest Income account and
Gross Profit. At this time, the significance of the direction appears to have pay attention.
The correlation between Red Violet's Interest Income and Gross Profit is -0.79. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Red Violet, assuming nothing else is changed. The correlation between historical values of Red Violet's Interest Income 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 Interest Income of Red Violet 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 Interest Income i.e., Red Violet's Interest Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.79 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Red Violet minus its cost of goods sold. It is profit before Red Violet 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 Red Violet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Violet 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 Red Violet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
For more information on how to buy Red Stock please use our
How to Invest in Red Violet guide.
Tax Provision is likely to gain to about (9.2
M) in 2024.
Selling General Administrative is likely to drop to about 18.3
M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 32.8M | 41.1M | 47.1M | 49.5M | Total Revenue | 44.0M | 53.3M | 60.2M | 31.3M |
Red Violet fundamental ratios Correlations
Click cells to compare fundamentals
Red Violet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Red Violet fundamental ratios Accounts
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Additional Tools for Red Stock Analysis
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measure Red Violet'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 Red Violet is operating at the current time. Most of Red Violet's value examination focuses on studying past and present price action to
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