Reitar Gross Profit from 2010 to 2024
| RITR Stock | 4.20 0.05 1.20% |
Gross Profit | First Reported 2010-12-31 | Previous Quarter 64.1 M | Current Value 38.3 M | Quarterly Volatility 15.8 M |
Check Reitar Logtech financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Reitar Logtech's main balance sheet or income statement drivers, such as Tax Provision of 3.7 M, Interest Income of 247.1 K or Interest Expense of 1.6 M, as well as many indicators such as . Reitar financial statements analysis is a perfect complement when working with Reitar Logtech Valuation or Volatility modules.
Reitar | Gross Profit |
Latest Reitar Logtech's Gross Profit Growth Pattern
Below is the plot of the Gross Profit of Reitar Logtech Holdings over the last few years. Gross profit is a required income statement account that reflects total revenue of Reitar Logtech Holdings minus its cost of goods sold. It is profit before Reitar Logtech operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Reitar Logtech's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Reitar Logtech's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0 | 10 Years Trend |
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Gross Profit |
| Timeline |
Reitar Gross Profit Regression Statistics
| Arithmetic Mean | 19,215,047 | |
| Geometric Mean | 15,539,520 | |
| Coefficient Of Variation | 82.17 | |
| Mean Deviation | 11,975,271 | |
| Median | 11,050,089 | |
| Standard Deviation | 15,788,382 | |
| Sample Variance | 249.3T | |
| Range | 53M | |
| R-Value | 0.70 | |
| Mean Square Error | 136.1T | |
| R-Squared | 0.49 | |
| Significance | 0 | |
| Slope | 2,478,817 | |
| Total Sum of Squares | 3489.8T |
Reitar Gross Profit History
About Reitar Logtech Financial Statements
Reitar Logtech shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although Reitar Logtech investors may analyze each financial statement separately, they are all interrelated. The changes in Reitar Logtech's assets and liabilities, for example, are also reflected in the revenues and expenses on on Reitar Logtech's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Gross Profit | 64.1 M | 38.3 M |
Pair Trading with Reitar Logtech
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 Reitar Logtech 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 Reitar Logtech will appreciate offsetting losses from the drop in the long position's value.Moving against Reitar Stock
| 0.55 | ORN | Orion Group Holdings | PairCorr |
| 0.54 | FIX | Comfort Systems USA | PairCorr |
| 0.51 | MTZ | MasTec Inc | PairCorr |
| 0.5 | MTRX | Matrix Service | PairCorr |
| 0.49 | ESOA | Energy Services | PairCorr |
The ability to find closely correlated positions to Reitar Logtech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reitar Logtech 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 Reitar Logtech - 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 Reitar Logtech Holdings to buy it.
The correlation of Reitar Logtech 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 Reitar Logtech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reitar Logtech Holdings 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 Reitar Logtech 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.Additional Tools for Reitar Stock Analysis
When running Reitar Logtech's price analysis, check to measure Reitar Logtech'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 Reitar Logtech is operating at the current time. Most of Reitar Logtech's value examination focuses on studying past and present price action to predict the probability of Reitar Logtech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reitar Logtech's price. Additionally, you may evaluate how the addition of Reitar Logtech to your portfolios can decrease your overall portfolio volatility.