Tigo Total Revenue vs Income Before Tax Analysis
| TYGO Stock | 0.92 0.07 8.24% |
Tigo Energy financial indicator trend analysis is much more than just breaking down Tigo Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tigo Energy is a good investment. Please check the relationship between Tigo Energy Total Revenue and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tigo Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Tigo Stock, please use our How to Invest in Tigo Energy guide.
Total Revenue vs Income Before Tax
Total Revenue vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tigo Energy Total Revenue account and Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tigo Energy's Total Revenue and Income Before Tax is -0.35. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Tigo Energy, assuming nothing else is changed. The correlation between historical values of Tigo Energy's Total Revenue 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 Total Revenue of Tigo Energy 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 Total Revenue i.e., Tigo Energy's Total Revenue and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.35 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts Tigo Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Tigo Energy income statement and is an important metric when analyzing Tigo Energy 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 Tigo Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tigo Energy 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 Tigo Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Tigo Stock, please use our How to Invest in Tigo Energy guide.At this time, Tigo Energy's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.21, while Tax Provision is likely to drop about 98.9 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 12.6M | 24.8M | 51.3M | 27.3M | Total Revenue | 43.6M | 81.3M | 145.2M | 83.5M |
Tigo Energy fundamental ratios Correlations
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Tigo Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Tigo Energy
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 Tigo Energy 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 Tigo Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Tigo Stock
| 0.77 | RMBS | Rambus Inc | PairCorr |
| 0.65 | CAN | Canaan Inc Buyout Trend | PairCorr |
| 0.48 | SITM | Sitime | PairCorr |
| 0.32 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to Tigo Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tigo Energy 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 Tigo Energy - 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 Tigo Energy to buy it.
The correlation of Tigo Energy 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 Tigo Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tigo Energy 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 Tigo Energy 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tigo Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Tigo Stock, please use our How to Invest in Tigo Energy guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Semiconductors & Semiconductor Equipment 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 Tigo Energy. If investors know Tigo 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 Tigo Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.87) | Revenue Per Share 0.768 | Quarterly Revenue Growth (0.17) | Return On Assets (0.21) | Return On Equity (0.93) |
The market value of Tigo Energy is measured differently than its book value, which is the value of Tigo that is recorded on the company's balance sheet. Investors also form their own opinion of Tigo Energy's value that differs from its market value or its book value, called intrinsic value, which is Tigo Energy'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 Tigo Energy's market value can be influenced by many factors that don't directly affect Tigo Energy'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 Tigo Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tigo Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tigo Energy'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.