Dividend Income Before Tax vs Income Tax Expense Analysis

DS Stock  CAD 6.90  0.07  1.00%   
Dividend Select financial indicator trend analysis is much more than just examining Dividend Select 15 latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dividend Select 15 is a good investment. Please check the relationship between Dividend Select Income Before Tax and its Income Tax Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dividend Select 15. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Income Before Tax vs Income Tax Expense

Income Before Tax vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dividend Select 15 Income Before Tax account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Dividend Select's Income Before Tax and Income Tax Expense is 0.41. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Dividend Select 15, assuming nothing else is changed. The correlation between historical values of Dividend Select's Income Before Tax and Income Tax Expense 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 Dividend Select 15 are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Income Before Tax i.e., Dividend Select's Income Before Tax and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Dividend Select income statement and is an important metric when analyzing Dividend Select 15 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.

Income Tax Expense

Most indicators from Dividend Select's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dividend Select 15 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dividend Select 15. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Dividend Select's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 69.6 M, while Issuance Of Capital Stock is likely to drop about 2 M.
 2021 2022 2023 2024 (projected)
Cost Of Revenue694.2K726.4K835.3K749.6K
Research Development0.270.380.340.32

Dividend Select fundamental ratios Correlations

-0.440.451.0-0.35-0.510.450.480.99-0.970.810.480.50.79-0.270.470.530.580.990.7-0.250.59-0.82
-0.44-1.0-0.390.76-0.03-1.0-0.85-0.350.32-0.4-0.850.23-0.260.1-0.96-0.83-0.09-0.4-0.29-0.19-0.30.42
0.45-1.00.4-0.740.011.00.840.36-0.330.430.84-0.220.28-0.110.960.830.120.420.280.170.28-0.43
1.0-0.390.4-0.3-0.530.40.431.0-0.970.810.430.530.8-0.270.420.490.590.990.7-0.270.58-0.82
-0.350.76-0.74-0.3-0.11-0.74-0.94-0.240.31-0.07-0.940.22-0.180.04-0.79-0.930.17-0.26-0.47-0.42-0.60.44
-0.51-0.030.01-0.53-0.110.010.01-0.540.51-0.640.01-0.88-0.430.680.07-0.07-0.91-0.47-0.210.2-0.140.3
0.45-1.01.00.4-0.740.010.840.36-0.330.430.84-0.220.28-0.110.960.830.120.420.280.170.28-0.43
0.48-0.850.840.43-0.940.010.840.37-0.380.321.0-0.160.31-0.090.841.00.050.410.440.360.55-0.57
0.99-0.350.361.0-0.24-0.540.360.37-0.970.810.370.540.79-0.260.390.420.60.990.68-0.320.55-0.79
-0.970.32-0.33-0.970.310.51-0.33-0.38-0.97-0.69-0.38-0.53-0.780.24-0.37-0.43-0.49-0.95-0.780.31-0.660.75
0.81-0.40.430.81-0.07-0.640.430.320.81-0.690.320.50.66-0.40.360.370.830.830.26-0.350.14-0.57
0.48-0.850.840.43-0.940.010.841.00.37-0.380.32-0.160.31-0.090.841.00.050.410.440.360.55-0.57
0.50.23-0.220.530.22-0.88-0.22-0.160.54-0.530.5-0.160.51-0.5-0.26-0.070.780.470.33-0.250.25-0.39
0.79-0.260.280.8-0.18-0.430.280.310.79-0.780.660.310.51-0.080.290.360.50.80.59-0.580.47-0.62
-0.270.1-0.11-0.270.040.68-0.11-0.09-0.260.24-0.4-0.09-0.5-0.080.02-0.13-0.6-0.25-0.010.160.040.06
0.47-0.960.960.42-0.790.070.960.840.39-0.370.360.84-0.260.290.020.830.020.420.340.180.35-0.45
0.53-0.830.830.49-0.93-0.070.831.00.42-0.430.371.0-0.070.36-0.130.830.120.460.480.340.58-0.61
0.58-0.090.120.590.17-0.910.120.050.6-0.490.830.050.780.5-0.60.020.120.580.12-0.240.03-0.4
0.99-0.40.420.99-0.26-0.470.420.410.99-0.950.830.410.470.8-0.250.420.460.580.67-0.330.54-0.8
0.7-0.290.280.7-0.47-0.210.280.440.68-0.780.260.440.330.59-0.010.340.480.120.67-0.010.96-0.8
-0.25-0.190.17-0.27-0.420.20.170.36-0.320.31-0.350.36-0.25-0.580.160.180.34-0.24-0.33-0.010.21-0.12
0.59-0.30.280.58-0.6-0.140.280.550.55-0.660.140.550.250.470.040.350.580.030.540.960.21-0.78
-0.820.42-0.43-0.820.440.3-0.43-0.57-0.790.75-0.57-0.57-0.39-0.620.06-0.45-0.61-0.4-0.8-0.8-0.12-0.78
Click cells to compare fundamentals

Dividend Select Account Relationship Matchups

Dividend Select fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets41.4M46.4M60.6M53.9M48.5M54.7M
Other Current Liab(317.0K)(485.5K)(1.9M)(401.4K)(461.6K)(484.6K)
Total Current Liabilities317.0K485.5K1.9M401.4K361.2K343.2K
Total Stockholder Equity40.8M45.7M58.5M53.2M47.9M53.6M
Net Debt(3.1M)(1.0M)(8.2M)(5.5M)(6.3M)(6.7M)
Accounts Payable317.0K485.5K1.9M401.4K361.2K343.2K
Cash3.1M1.0M8.2M5.5M5.0M4.2M
Non Current Assets Total38.1M45.2M52.2M48.2M43.3M50.3M
Non Currrent Assets Other(38.1M)(45.2M)(52.2M)(48.2M)(55.4M)(58.2M)
Cash And Short Term Investments3.1M1.0M8.2M5.5M5.0M4.2M
Net Receivables207.1K117.3K174.8K174.1K156.6K222.5K
Common Stock Shares Outstanding8.4M6.7M6.1M8.4M7.6M6.6M
Liabilities And Stockholders Equity41.4M46.4M60.6M53.9M48.5M54.7M
Other Stockholder Equity40.8M45.7M58.5M53.2M61.1M51.8M
Total Liab317.0K485.5K2.2M680.5K612.5K1.1M
Total Current Assets3.3M1.1M8.4M5.7M5.1M4.4M
Long Term Investments38.1M45.2M52.2M48.2M43.3M45.5M
Short Term Investments38.1M45.2M52.2M48.2M55.4M52.5M
Non Current Liabilities Total628.2K628.9K1.9M680.5K782.6K971.2K
Inventory41.4M46.4M60.6M53.9M61.9M57.4M
Other Current Assets(41.4M)(46.4M)(60.6M)(53.9M)(48.5M)(50.9M)

Pair Trading with Dividend Select

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

Moving together with Dividend Stock

  0.69BIP-PB Brookfield InfrastructurePairCorr

Moving against Dividend Stock

  0.83VCM Vecima NetworksPairCorr
  0.4MOX Morien Resources CorpPairCorr
The ability to find closely correlated positions to Dividend Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dividend Select 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 Dividend Select - 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 Dividend Select 15 to buy it.
The correlation of Dividend Select 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 Dividend Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dividend Select 15 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 Dividend Select 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 Dividend Stock

Balance Sheet is a snapshot of the financial position of Dividend Select 15 at a specified time, usually calculated after every quarter, six months, or one year. Dividend Select Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dividend Select and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Dividend currently owns. An asset can also be divided into two categories, current and non-current.