TDUP Stock | | | USD 1.52 0.08 5.00% |
ThredUp financial indicator trend analysis is much more than just breaking down ThredUp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ThredUp is a good investment. Please check the relationship between ThredUp Ebitda and its Tax Provision accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in ThredUp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
To learn how to invest in ThredUp Stock, please use our
How to Invest in ThredUp guide.
Ebitda vs Tax Provision
Ebitda vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ThredUp Ebitda account and
Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ThredUp's Ebitda and Tax Provision is -0.18. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Tax Provision in the same time period over historical financial statements of ThredUp, assuming nothing else is changed. The correlation between historical values of ThredUp's Ebitda 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 Ebitda of ThredUp 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 Ebitda i.e., ThredUp's Ebitda and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Ebitda
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 ThredUp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ThredUp 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 ThredUp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
To learn how to invest in ThredUp Stock, please use our
How to Invest in ThredUp guide.As of 11/27/2024, Tax Provision is likely to grow to about 36.3
K, while
Selling General Administrative is likely to drop slightly above 44.2
M.
ThredUp fundamental ratios Correlations
Click cells to compare fundamentals
ThredUp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ThredUp fundamental ratios Accounts
Additional Tools for ThredUp Stock Analysis
When running ThredUp's price analysis, check to
measure ThredUp'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 ThredUp is operating at the current time. Most of ThredUp's value examination focuses on studying past and present price action to
predict the probability of ThredUp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ThredUp's price. Additionally, you may evaluate how the addition of ThredUp to your portfolios can decrease your overall portfolio volatility.