Xtract Income Tax Expense vs Selling General Administrative Analysis
| XTRA Stock | 0.66 0.01 1.49% |
Xtract One financial indicator trend analysis is more than just analyzing Xtract One Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xtract One Technologies is a good investment. Please check the relationship between Xtract One Income Tax Expense and its Selling General Administrative accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xtract One Technologies. 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 Tax Expense vs Selling General Administrative
Income Tax Expense vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xtract One Technologies Income Tax Expense account and Selling General Administrative. At this time, the significance of the direction appears to have very week relationship.
The correlation between Xtract One's Income Tax Expense and Selling General Administrative is 0.2. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Xtract One Technologies, assuming nothing else is changed. The correlation between historical values of Xtract One's Income Tax Expense and Selling General Administrative 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 Tax Expense of Xtract One Technologies are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Income Tax Expense i.e., Xtract One's Income Tax Expense and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.2 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Income Tax Expense
Selling General Administrative
Most indicators from Xtract One's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xtract One Technologies 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 Xtract One Technologies. 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. As of the 29th of November 2024, Enterprise Value is likely to grow to about 145.4 M, while Selling General Administrative is likely to drop about 5.6 M.
Xtract One fundamental ratios Correlations
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Xtract One Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xtract One fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 66.0M | 49.4M | 18.1M | 19.0M | 21.8M | 22.4M | |
| Total Current Liabilities | 3.2M | 1.9M | 3.2M | 4.1M | 4.8M | 5.0M | |
| Total Stockholder Equity | 62.2M | 46.8M | 14.5M | 14.7M | 17.0M | 20.7M | |
| Property Plant And Equipment Net | 2.5M | 2.4M | 2.1M | 2.4M | 2.7M | 2.8M | |
| Net Debt | (21.4M) | (8.7M) | (5.6M) | (8.0M) | (7.2M) | (7.5M) | |
| Retained Earnings | (62.9M) | (79.4M) | (119.2M) | (135.5M) | (122.0M) | (115.9M) | |
| Accounts Payable | 2.3M | 1.3M | 2.6M | 2.5M | 2.9M | 3.0M | |
| Cash | 22.4M | 9.7M | 6.3M | 8.3M | 9.6M | 10.3M | |
| Non Current Assets Total | 35.5M | 34.7M | 8.1M | 7.2M | 8.3M | 8.7M | |
| Cash And Short Term Investments | 26.4M | 9.7M | 6.3M | 8.3M | 9.6M | 11.9M | |
| Net Receivables | 1.6M | 3.3M | 1.9M | 847.4K | 974.5K | 833.9K | |
| Common Stock Shares Outstanding | 148.7M | 150.7M | 155.7M | 176.7M | 203.2M | 213.3M | |
| Liabilities And Stockholders Equity | 66.0M | 49.4M | 18.1M | 19.0M | 21.8M | 22.4M | |
| Other Stockholder Equity | 10.5M | 11.7M | 13.9M | 14.4M | 16.6M | 17.4M | |
| Total Liab | 3.8M | 2.6M | 3.5M | 4.3M | 4.9M | 5.1M | |
| Total Current Assets | 30.5M | 14.7M | 9.9M | 11.8M | 13.6M | 13.7M | |
| Other Current Assets | 956.6K | 355.6K | 668.7K | 1.0M | 1.2M | 654.1K | |
| Long Term Debt Total | 595.2K | 677.3K | 356.8K | 124.4K | 143.0K | 275.6K | |
| Capital Surpluse | 10.5M | 11.7M | 13.9M | 14.4M | 16.6M | 11.1M | |
| Inventory | 1.5M | 1.5M | 1.1M | 1.6M | 1.8M | 1.1M | |
| Short Term Debt | 418.2K | 308.6K | 320.4K | 232.5K | 267.4K | 201.1K | |
| Property Plant Equipment | 2.5M | 2.4M | 2.1M | 2.4M | 2.7M | 1.8M | |
| Intangible Assets | 7.4M | 6.5M | 5.6M | 4.8M | 5.6M | 5.9M |
Pair Trading with Xtract One
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 Xtract One 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 Xtract One will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Xtract One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtract One 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 Xtract One - 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 Xtract One Technologies to buy it.
The correlation of Xtract One 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 Xtract One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtract One Technologies 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 Xtract One 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.Other Information on Investing in Xtract Stock
Balance Sheet is a snapshot of the financial position of Xtract One Technologies at a specified time, usually calculated after every quarter, six months, or one year. Xtract One Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xtract One and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Xtract currently owns. An asset can also be divided into two categories, current and non-current.