| WBT Stock | | | 2.14 0.04 1.83% |
Weebit Nano financial indicator trend analysis is more than just analyzing Weebit Nano current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Weebit Nano is a good investment. Please check the relationship between Weebit Nano Gross Profit and its Income Before Tax accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weebit Nano. 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.
Gross Profit vs Income Before Tax
Gross Profit vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Weebit Nano Gross Profit account and
Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Weebit Nano's Gross Profit and Income Before Tax is -0.38. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Weebit Nano, assuming nothing else is changed. The correlation between historical values of Weebit Nano's Gross Profit 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 Gross Profit of Weebit Nano 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 Gross Profit i.e., Weebit Nano's Gross Profit and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.38 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Weebit Nano minus its cost of goods sold. It is profit before Weebit Nano operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Weebit Nano income statement and is an important metric when analyzing Weebit Nano 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 Weebit Nano's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weebit Nano 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weebit Nano. 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.
Issuance Of Capital Stock is likely to gain to about 73.1
M in 2025, whereas
Selling General Administrative is likely to drop slightly above 455.1
K in 2025.
Weebit Nano fundamental ratios Correlations
Click cells to compare fundamentals
Weebit Nano Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Weebit Nano fundamental ratios Accounts
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Additional Tools for Weebit Stock Analysis
When running Weebit Nano's price analysis, check to
measure Weebit Nano'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 Weebit Nano is operating at the current time. Most of Weebit Nano's value examination focuses on studying past and present price action to
predict the probability of Weebit Nano's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weebit Nano's price. Additionally, you may evaluate how the addition of Weebit Nano to your portfolios can decrease your overall portfolio volatility.