Resverlogix Reconciled Depreciation vs Operating Income Analysis
| RVX Stock | CAD 0.06 0.01 14.29% |
Resverlogix Corp financial indicator trend analysis is much more than just breaking down Resverlogix Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Resverlogix Corp is a good investment. Please check the relationship between Resverlogix Corp Reconciled Depreciation and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Resverlogix Corp. 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.
Reconciled Depreciation vs Operating Income
Reconciled Depreciation vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Resverlogix Corp Reconciled Depreciation account and Operating Income. At this time, the significance of the direction appears to have very week relationship.
The correlation between Resverlogix Corp's Reconciled Depreciation and Operating Income is 0.26. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Operating Income in the same time period over historical financial statements of Resverlogix Corp, assuming nothing else is changed. The correlation between historical values of Resverlogix Corp's Reconciled Depreciation and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Resverlogix Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Reconciled Depreciation i.e., Resverlogix Corp's Reconciled Depreciation and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.26 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Reconciled Depreciation
Operating Income
Operating Income is the amount of profit realized from Resverlogix Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Resverlogix Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Resverlogix Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Resverlogix Corp 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 Resverlogix Corp. 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, Resverlogix Corp's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Tax Provision is likely to grow to about 15.8 K, while Issuance Of Capital Stock is likely to drop about 264.1 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Research Development | 4.5M | 5.5M | 3.2M | 3.0M | Depreciation And Amortization | 1.1M | 1.0M | 1.2M | 1.2M |
Resverlogix Corp fundamental ratios Correlations
Click cells to compare fundamentals
Resverlogix Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Resverlogix Corp fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 11.4M | 10.7M | 10.0M | 8.1M | 6.5M | 6.2M | |
| Total Current Liabilities | 28.7M | 11.8M | 17.4M | 22.7M | 26.9M | 19.1M | |
| Total Stockholder Equity | (64.1M) | (39.9M) | (59.9M) | (59.3M) | (74.5M) | (70.8M) | |
| Net Debt | 13.2M | (87.0) | 7.0M | 6.5M | 6.7M | 7.7M | |
| Retained Earnings | (418.9M) | (417.3M) | (442.1M) | (445.7M) | (462.4M) | (439.3M) | |
| Accounts Payable | 7.9M | 6.9M | 8.7M | 14.1M | 14.5M | 15.3M | |
| Cash | 4K | 87K | 6K | 40K | 5K | 4.8K | |
| Cash And Short Term Investments | 4K | 87K | 6K | 40K | 36K | 34.2K | |
| Net Receivables | 920K | 848K | 310K | 323K | 371.5K | 352.9K | |
| Common Stock Shares Outstanding | 221.4M | 235.0M | 239.9M | 254.4M | 272.4M | 286.0M | |
| Liabilities And Stockholders Equity | 11.4M | 10.7M | 10.0M | 8.1M | 9.3M | 13.3M | |
| Non Current Liabilities Total | 46.8M | 38K | 52.4M | 44.7M | 54.1M | 37.4M | |
| Other Stockholder Equity | 50.7M | 1.1M | 55.3M | 55.0M | 63.2M | 53.4M | |
| Total Liab | 75.5M | 50.6M | 69.9M | 67.4M | 81.0M | 54.4M | |
| Total Current Assets | 3.2M | 1.9M | 3.0M | 2.9M | 518K | 492.1K | |
| Short Long Term Debt Total | 13.2M | 996K | 7.0M | 6.5M | 7.5M | 7.1M | |
| Other Current Liab | 7.9M | 4.1M | 1.7M | 2.1M | 577K | 548.2K | |
| Property Plant And Equipment Net | 350K | 2.0M | 1.5K | 1.0M | 426K | 0.0 | |
| Non Current Assets Total | 8.2M | 4.4K | 7.0M | 5.2M | 6.0M | 3.2M | |
| Non Currrent Assets Other | 3.4M | (4.4K) | 2.6M | 2.6M | 3.6M | 3.8M | |
| Other Current Assets | 365K | 297K | 17K | 8K | 6K | 5.7K | |
| Property Plant And Equipment Gross | 350K | 2.0M | 3.8M | 2.8M | 1.0M | 1.1M | |
| Short Term Debt | 12.2M | 157K | 6.6M | 6.5M | 7.5M | 7.1M | |
| Intangible Assets | 2.8M | 2.9M | 3.4M | 2.2M | 2.4M | 1.5M | |
| Common Stock | 305.6M | 322.4M | 326.9M | 331.4M | 381.1M | 234.8M | |
| Other Assets | 3.4M | 4.4M | 2.6M | 2.6M | 3.0M | 1.8M | |
| Current Deferred Revenue | 6.2M | 120K | 717K | 383K | 440.5K | 462.5K | |
| Inventory | 1.6M | 584K | 2.5M | 2.4M | 300K | 285K | |
| Net Tangible Assets | (210.3M) | (66.9M) | (42.8M) | (63.3M) | (57.0M) | (59.8M) | |
| Short Long Term Debt | 14.8M | 11.4M | 6.0M | 6.1M | 6.7M | 6.4M | |
| Property Plant Equipment | 2.0M | 1.5M | 1.0M | 426K | 489.9K | 465.4K | |
| Capital Surpluse | 47.7M | 54.0M | 55.3M | 55.0M | 63.2M | 50.2M | |
| Net Invested Capital | (192.9M) | (52.7M) | (53.9M) | (53.2M) | (67.8M) | (71.2M) |
Pair Trading with Resverlogix Corp
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 Resverlogix Corp 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 Resverlogix Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Resverlogix Stock
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The ability to find closely correlated positions to Resverlogix Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Resverlogix Corp 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 Resverlogix Corp - 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 Resverlogix Corp to buy it.
The correlation of Resverlogix Corp 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 Resverlogix Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Resverlogix Corp 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 Resverlogix Corp 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.Other Information on Investing in Resverlogix Stock
Balance Sheet is a snapshot of the financial position of Resverlogix Corp at a specified time, usually calculated after every quarter, six months, or one year. Resverlogix Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Resverlogix Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Resverlogix currently owns. An asset can also be divided into two categories, current and non-current.