| TCX Stock | | | USD 17.64 1.23 7.50% |
Tucows financial indicator trend analysis is much more than just breaking down Tucows Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tucows Inc is a good investment. Please check the relationship between Tucows Cost Of Revenue and its Tax Provision accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Cost Of Revenue vs Tax Provision
Cost Of Revenue vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tucows Inc Cost Of Revenue account and
Tax Provision. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tucows' Cost Of Revenue and Tax Provision is -0.45. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Tucows Inc, assuming nothing else is changed. The correlation between historical values of Tucows' Cost Of Revenue and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Tucows Inc are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Cost Of Revenue i.e., Tucows' Cost Of Revenue and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.45 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cost Of Revenue
Cost of Revenue is found on Tucows Inc income statement and represents the costs associated with goods and services Tucows provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Tucows' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tucows Inc 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 Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Enterprise Value is likely to rise to about 564.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 31.7
M in 2024.
Tucows fundamental ratios Correlations
Click cells to compare fundamentals
Tucows Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tucows fundamental ratios Accounts
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Additional Tools for Tucows Stock Analysis
When running Tucows' price analysis, check to
measure Tucows' 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 Tucows is operating at the current time. Most of Tucows' value examination focuses on studying past and present price action to
predict the probability of Tucows' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tucows' price. Additionally, you may evaluate how the addition of Tucows to your portfolios can decrease your overall portfolio volatility.