Skandinaviska Income Before Tax vs Net Interest Income Analysis
| 0GUX Stock | 155.80 0.60 0.38% |
Skandinaviska Enskilda financial indicator trend analysis is much more than just breaking down Skandinaviska Enskilda prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skandinaviska Enskilda is a good investment. Please check the relationship between Skandinaviska Enskilda Income Before Tax and its Net Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Skandinaviska Enskilda Banken. 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 Before Tax vs Net Interest Income
Income Before Tax vs Net Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skandinaviska Enskilda Income Before Tax account and Net Interest Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Skandinaviska Enskilda's Income Before Tax and Net Interest Income is 0.87. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Skandinaviska Enskilda Banken, assuming nothing else is changed. The correlation between historical values of Skandinaviska Enskilda's Income Before Tax and Net Interest Income 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 Skandinaviska Enskilda Banken are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Income Before Tax i.e., Skandinaviska Enskilda's Income Before Tax and Net Interest Income go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Skandinaviska Enskilda income statement and is an important metric when analyzing Skandinaviska Enskilda 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.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most indicators from Skandinaviska Enskilda's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skandinaviska Enskilda 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Skandinaviska Enskilda Banken. 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. Tax Provision is likely to drop to about 3.5 B in 2024
| 2010 | 2018 | 2023 | 2024 (projected) | Net Interest Income | 19.9B | 21.0B | 24.2B | 22.5B | Tax Provision | 4.6B | 4.2B | 3.7B | 3.5B |
Skandinaviska Enskilda fundamental ratios Correlations
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Skandinaviska Enskilda Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Skandinaviska Enskilda's price analysis, check to measure Skandinaviska Enskilda'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 Skandinaviska Enskilda is operating at the current time. Most of Skandinaviska Enskilda's value examination focuses on studying past and present price action to predict the probability of Skandinaviska Enskilda's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skandinaviska Enskilda's price. Additionally, you may evaluate how the addition of Skandinaviska Enskilda to your portfolios can decrease your overall portfolio volatility.