WYY Stock | | | USD 4.78 0.05 1.06% |
Widepoint financial indicator trend analysis is more than just analyzing Widepoint C current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Widepoint C is a good investment. Please check the relationship between Widepoint Income Before Tax and its Extraordinary Items accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Widepoint C. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Income Before Tax vs Extraordinary Items
Income Before Tax vs Extraordinary Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Widepoint C Income Before Tax account and
Extraordinary Items. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Widepoint's Income Before Tax and Extraordinary Items is -0.02. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Extraordinary Items in the same time period over historical financial statements of Widepoint C, assuming nothing else is changed. The correlation between historical values of Widepoint's Income Before Tax and Extraordinary Items 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 Widepoint C are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Income Before Tax i.e., Widepoint's Income Before Tax and Extraordinary Items go up and down completely randomly.
Correlation Coefficient | -0.02 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Widepoint income statement and is an important metric when analyzing Widepoint C 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.
Extraordinary Items
Most indicators from Widepoint's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Widepoint C 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 Widepoint C. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
At this time, Widepoint's
Tax Provision is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 30.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 15.1
M in 2024.
Widepoint fundamental ratios Correlations
Click cells to compare fundamentals
Widepoint Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Widepoint fundamental ratios Accounts
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Additional Tools for Widepoint Stock Analysis
When running Widepoint's price analysis, check to
measure Widepoint'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 Widepoint is operating at the current time. Most of Widepoint's value examination focuses on studying past and present price action to
predict the probability of Widepoint's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Widepoint's price. Additionally, you may evaluate how the addition of Widepoint to your portfolios can decrease your overall portfolio volatility.