VINO Stock | | | 35.50 0.50 1.39% |
Virgin Wines financial indicator trend analysis is much more than just breaking down Virgin Wines UK prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Virgin Wines UK is a good investment. Please check the relationship between Virgin Wines Depreciation And Amortization and its Net Income accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Virgin Wines UK. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Depreciation And Amortization vs Net Income
Depreciation And Amortization vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Virgin Wines UK Depreciation And Amortization account and
Net Income. At this time, the significance of the direction appears to have no relationship.
The correlation between Virgin Wines' Depreciation And Amortization and Net Income is 0.09. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Net Income in the same time period over historical financial statements of Virgin Wines UK, assuming nothing else is changed. The correlation between historical values of Virgin Wines' Depreciation And Amortization and Net 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 Depreciation And Amortization of Virgin Wines UK are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation And Amortization i.e., Virgin Wines' Depreciation And Amortization and Net Income go up and down completely randomly.
Correlation Coefficient | 0.09 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Virgin Wines UK financial statement analysis. It represents the amount of money remaining after all of Virgin Wines UK operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Virgin Wines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Virgin Wines UK 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 Virgin Wines UK. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to gain to about 319
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 4.7
M in 2024.
Virgin Wines fundamental ratios Correlations
Click cells to compare fundamentals
Virgin Wines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Virgin Wines fundamental ratios Accounts
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Additional Tools for Virgin Stock Analysis
When running Virgin Wines' price analysis, check to
measure Virgin Wines' 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 Virgin Wines is operating at the current time. Most of Virgin Wines' value examination focuses on studying past and present price action to
predict the probability of Virgin Wines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Virgin Wines' price. Additionally, you may evaluate how the addition of Virgin Wines to your portfolios can decrease your overall portfolio volatility.