CareCloud Tax Provision from 2010 to 2025

CCLDO Stock   19.43  0.07  0.36%   
CareCloud Tax Provision yearly trend continues to be very stable with very little volatility. Tax Provision is likely to grow to about 168 K this year. Tax Provision is the amount set aside by CareCloud to cover any estimated taxes for the current period. It reflects CareCloud's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2010-12-31
Previous Quarter
160 K
Current Value
168 K
Quarterly Volatility
138 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check CareCloud financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CareCloud's main balance sheet or income statement drivers, such as Depreciation And Amortization of 17.3 M, Interest Expense of 548 K or Selling General Administrative of 15.9 M, as well as many indicators such as Price To Sales Ratio of 0.51, Dividend Yield of 0.57 or PTB Ratio of 1.13. CareCloud financial statements analysis is a perfect complement when working with CareCloud Valuation or Volatility modules.
  
Check out the analysis of CareCloud Correlation against competitors.

Latest CareCloud's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of CareCloud over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. CareCloud's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CareCloud's overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Slightly volatile
   Tax Provision   
       Timeline  

CareCloud Tax Provision Regression Statistics

Arithmetic Mean145,550
Coefficient Of Variation94.80
Mean Deviation69,012
Median192,780
Standard Deviation137,983
Sample Variance19B
Range556.8K
R-Value(0.39)
Mean Square Error17.2B
R-Squared0.16
Significance0.13
Slope(11,417)
Total Sum of Squares285.6B

CareCloud Tax Provision History

2025168 K
2024160 K
2023-364 K
2022177 K
2021157 K
2020103 K

About CareCloud Financial Statements

CareCloud investors utilize fundamental indicators, such as Tax Provision, to predict how CareCloud Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Tax Provision160 K168 K

Pair Trading with CareCloud

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 CareCloud 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 CareCloud will appreciate offsetting losses from the drop in the long position's value.

Moving together with CareCloud Stock

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Moving against CareCloud Stock

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The ability to find closely correlated positions to CareCloud could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareCloud 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 CareCloud - 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 CareCloud to buy it.
The correlation of CareCloud 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 CareCloud moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareCloud 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 CareCloud 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in CareCloud Stock

CareCloud financial ratios help investors to determine whether CareCloud Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CareCloud with respect to the benefits of owning CareCloud security.