| ALRS Stock | | | USD 19.99 0.17 0.86% |
Alerus Financial financial indicator trend analysis is way more than just evaluating Alerus Financial Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alerus Financial Corp is a good investment. Please check the relationship between Alerus Financial Total Operating Expenses and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Alerus Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Total Operating Expenses vs Income Before Tax
Total Operating Expenses vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Alerus Financial Corp Total Operating Expenses account and
Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Alerus Financial's Total Operating Expenses and Income Before Tax is -0.45. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Alerus Financial Corp, assuming nothing else is changed. The correlation between historical values of Alerus Financial's Total Operating Expenses and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Alerus Financial Corp are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Total Operating Expenses i.e., Alerus Financial's Total Operating Expenses and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.45 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Alerus Financial income statement and is an important metric when analyzing Alerus Financial Corp 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.
Most indicators from Alerus Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alerus Financial Corp 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 Alerus Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Alerus Financial's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.53 in 2024, whereas
Selling General Administrative is likely to drop slightly above 71.3
M in 2024.
Alerus Financial fundamental ratios Correlations
Click cells to compare fundamentals
Alerus Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alerus Financial fundamental ratios Accounts
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Additional Tools for Alerus Stock Analysis
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measure Alerus Financial'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 Alerus Financial is operating at the current time. Most of Alerus Financial's value examination focuses on studying past and present price action to
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