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 Income Before Tax and its Ebitda 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.
Income Before Tax vs Ebitda
Income Before Tax vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Virgin Wines UK Income Before Tax account and
Ebitda. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Virgin Wines' Income Before Tax and Ebitda is 0.91. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebitda 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' Income Before Tax and Ebitda 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 Before Tax of Virgin Wines UK are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Income Before Tax i.e., Virgin Wines' Income Before Tax and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Virgin Wines income statement and is an important metric when analyzing Virgin Wines UK 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.
Ebitda
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.