Spring Income Tax Expense vs Income Before Tax Analysis

SVIIR Stock  USD 0.07  0.01  12.38%   
Spring Valley financial indicator trend analysis is much more than just breaking down Spring Valley Acquisition prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spring Valley Acquisition is a good investment. Please check the relationship between Spring Valley Income Tax Expense and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spring Valley Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Income Tax Expense vs Income Before Tax

Income Tax Expense vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spring Valley Acquisition Income Tax Expense account and Income Before Tax. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Spring Valley's Income Tax Expense and Income Before Tax is -0.6. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Spring Valley Acquisition, assuming nothing else is changed. The correlation between historical values of Spring Valley's Income Tax Expense 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 Income Tax Expense of Spring Valley Acquisition 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 Income Tax Expense i.e., Spring Valley's Income Tax Expense and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.6
Relationship DirectionNegative 
Relationship StrengthWeak

Income Tax Expense

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Spring Valley income statement and is an important metric when analyzing Spring Valley Acquisition 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 Spring Valley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spring Valley Acquisition 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 Spring Valley Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
At this time, Spring Valley's Selling General Administrative is relatively stable compared to the past year. As of 11/25/2024, Enterprise Value Over EBITDA is likely to grow to 28.45, while Enterprise Value is likely to drop slightly above 230.9 M.

Spring Valley fundamental ratios Correlations

-0.65-1.0-1.01.0-0.98-0.980.91.00.980.95-0.991.0-0.991.0-0.65-0.73-0.73-0.65-0.74-0.74
-0.650.670.66-0.650.650.79-0.74-0.65-0.79-0.770.69-0.650.74-0.651.00.960.961.00.940.93
-1.00.671.0-1.00.990.98-0.9-1.0-0.98-0.951.0-1.00.99-1.00.670.740.740.670.750.75
-1.00.661.0-1.00.990.98-0.87-1.0-0.98-0.931.0-1.00.99-1.00.660.720.720.660.720.73
1.0-0.65-1.0-1.0-0.98-0.980.91.00.980.95-0.991.0-0.991.0-0.65-0.73-0.73-0.65-0.74-0.74
-0.980.650.990.99-0.980.97-0.82-0.98-0.97-0.891.0-0.990.99-0.980.650.680.680.650.680.68
-0.980.790.980.98-0.980.97-0.9-0.98-1.0-0.960.99-0.981.0-0.980.790.830.830.790.830.83
0.9-0.74-0.9-0.870.9-0.82-0.90.90.90.99-0.860.89-0.880.9-0.74-0.88-0.88-0.74-0.9-0.91
1.0-0.65-1.0-1.01.0-0.98-0.980.90.980.95-0.991.0-0.991.0-0.65-0.73-0.73-0.65-0.74-0.74
0.98-0.79-0.98-0.980.98-0.97-1.00.90.980.96-0.990.98-1.00.98-0.79-0.83-0.83-0.79-0.83-0.83
0.95-0.77-0.95-0.930.95-0.89-0.960.990.950.96-0.930.94-0.940.95-0.77-0.88-0.88-0.77-0.9-0.9
-0.990.691.01.0-0.991.00.99-0.86-0.99-0.99-0.93-0.991.0-0.990.690.740.740.690.740.74
1.0-0.65-1.0-1.01.0-0.99-0.980.891.00.980.94-0.99-0.991.0-0.65-0.72-0.72-0.65-0.73-0.73
-0.990.740.990.99-0.990.991.0-0.88-0.99-1.0-0.941.0-0.99-0.990.740.780.780.740.780.78
1.0-0.65-1.0-1.01.0-0.98-0.980.91.00.980.95-0.991.0-0.99-0.65-0.73-0.73-0.65-0.74-0.74
-0.651.00.670.66-0.650.650.79-0.74-0.65-0.79-0.770.69-0.650.74-0.650.960.961.00.940.93
-0.730.960.740.72-0.730.680.83-0.88-0.73-0.83-0.880.74-0.720.78-0.730.961.00.961.01.0
-0.730.960.740.72-0.730.680.83-0.88-0.73-0.83-0.880.74-0.720.78-0.730.961.00.961.01.0
-0.651.00.670.66-0.650.650.79-0.74-0.65-0.79-0.770.69-0.650.74-0.651.00.960.960.940.93
-0.740.940.750.72-0.740.680.83-0.9-0.74-0.83-0.90.74-0.730.78-0.740.941.01.00.941.0
-0.740.930.750.73-0.740.680.83-0.91-0.74-0.83-0.90.74-0.730.78-0.740.931.01.00.931.0
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Spring Valley Account Relationship Matchups

Pair Trading with Spring Valley

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 Spring Valley 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 Spring Valley will appreciate offsetting losses from the drop in the long position's value.

Moving together with Spring Stock

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Moving against Spring Stock

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The ability to find closely correlated positions to Spring Valley could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spring Valley 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 Spring Valley - 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 Spring Valley Acquisition to buy it.
The correlation of Spring Valley 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 Spring Valley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spring Valley Acquisition 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 Spring Valley 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.
Pair CorrelationCorrelation Matching

Additional Tools for Spring Stock Analysis

When running Spring Valley's price analysis, check to measure Spring Valley'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 Spring Valley is operating at the current time. Most of Spring Valley's value examination focuses on studying past and present price action to predict the probability of Spring Valley's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spring Valley's price. Additionally, you may evaluate how the addition of Spring Valley to your portfolios can decrease your overall portfolio volatility.