BYKE Stock | | | 84.39 1.72 2.08% |
Byke Hospitality financial indicator trend analysis is way more than just evaluating Byke Hospitality prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Byke Hospitality is a good investment. Please check the relationship between Byke Hospitality Property Plant Equipment and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in The Byke Hospitality. 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.
Property Plant Equipment vs Total Revenue
Property Plant Equipment vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Byke Hospitality Property Plant Equipment account and
Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Byke Hospitality's Property Plant Equipment and Total Revenue is -0.26. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Revenue in the same time period over historical financial statements of The Byke Hospitality, assuming nothing else is changed. The correlation between historical values of Byke Hospitality's Property Plant Equipment and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of The Byke Hospitality are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Property Plant Equipment i.e., Byke Hospitality's Property Plant Equipment and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Property Plant Equipment
Total Revenue
Total revenue comprises all receipts Byke Hospitality generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Byke Hospitality's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Byke Hospitality 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 The Byke Hospitality. 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.
Selling General Administrative is likely to drop to about 20.6
M in 2024.
Tax Provision is likely to gain to about (18.4
M) in 2024
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 643.2M | 800.0M | 542.6M | 942.3M | Total Revenue | 932.9M | 1.1B | 838.6M | 1.2B |
Byke Hospitality fundamental ratios Correlations
Click cells to compare fundamentals
Byke Hospitality Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Byke Hospitality fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Byke Stock Analysis
When running Byke Hospitality's price analysis, check to
measure Byke Hospitality'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 Byke Hospitality is operating at the current time. Most of Byke Hospitality's value examination focuses on studying past and present price action to
predict the probability of Byke Hospitality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Byke Hospitality's price. Additionally, you may evaluate how the addition of Byke Hospitality to your portfolios can decrease your overall portfolio volatility.