Skyward Net Income vs Operating Income Analysis
| SKWD Stock | 54.11 0.41 0.76% |
Skyward Specialty financial indicator trend analysis is much more than just breaking down Skyward Specialty prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skyward Specialty is a good investment. Please check the relationship between Skyward Specialty Net Income and its Operating Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skyward Specialty Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skyward Specialty Net Income account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Skyward Specialty's Net Income and Operating Income is 0.86. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Skyward Specialty Insurance, assuming nothing else is changed. The correlation between historical values of Skyward Specialty's Net Income 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 Net Income of Skyward Specialty Insurance 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 Net Income i.e., Skyward Specialty's Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Skyward Specialty financial statement analysis. It represents the amount of money remaining after all of Skyward Specialty Insurance operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Operating Income
Operating Income is the amount of profit realized from Skyward Specialty 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 Skyward Specialty Insurance 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 Skyward Specialty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skyward Specialty 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Skyward Specialty Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. The current year's Tax Provision is expected to grow to about 22.4 M. The current year's Issuance Of Capital Stock is expected to grow to about 70.9 M
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 535.8M | 642.4M | 895.4M | 520.3M | Total Revenue | 535.8M | 642.4M | 895.4M | 520.3M |
Skyward Specialty fundamental ratios Correlations
Click cells to compare fundamentals
Skyward Specialty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Skyward Specialty is a strong investment it is important to analyze Skyward Specialty's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Skyward Specialty's future performance. For an informed investment choice regarding Skyward Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skyward Specialty Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Property & Casualty Insurance 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 Skyward Specialty. If investors know Skyward 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 Skyward Specialty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.561 | Earnings Share 3.27 | Revenue Per Share 27.694 | Quarterly Revenue Growth 0.258 | Return On Assets 0.0353 |
The market value of Skyward Specialty is measured differently than its book value, which is the value of Skyward that is recorded on the company's balance sheet. Investors also form their own opinion of Skyward Specialty's value that differs from its market value or its book value, called intrinsic value, which is Skyward Specialty's 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 Skyward Specialty's market value can be influenced by many factors that don't directly affect Skyward Specialty's 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 Skyward Specialty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skyward Specialty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skyward Specialty's 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.