| DSP Stock | | | USD 18.88 0.64 3.51% |
Viant Technology financial indicator trend analysis is much more than just breaking down Viant Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Viant Technology is a good investment. Please check the relationship between Viant Technology Income Before Tax and its Gross Profit accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Viant Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
To learn how to invest in Viant Stock, please use our
How to Invest in Viant Technology guide.
Income Before Tax vs Gross Profit
Income Before Tax vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Viant Technology Income Before Tax account and
Gross Profit. At this time, the significance of the direction appears to have very week relationship.
The correlation between Viant Technology's Income Before Tax and Gross Profit is 0.28. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Viant Technology, assuming nothing else is changed. The correlation between historical values of Viant Technology's Income Before Tax and Gross Profit 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 Viant Technology are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., Viant Technology's Income Before Tax and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.28 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Viant Technology income statement and is an important metric when analyzing Viant Technology 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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Viant Technology minus its cost of goods sold. It is profit before Viant Technology operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Viant Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Viant Technology 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 Viant Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
To learn how to invest in Viant Stock, please use our
How to Invest in Viant Technology guide.At this time, Viant Technology's
Tax Provision is relatively stable compared to the past year. As of 12/02/2024,
Enterprise Value Over EBITDA is likely to grow to 25.37, while
Sales General And Administrative To Revenue is likely to drop 0.14.
Viant Technology fundamental ratios Correlations
Click cells to compare fundamentals
Viant Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Viant Technology fundamental ratios Accounts
Pair Trading with Viant Technology
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 Viant Technology 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 Viant Technology will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Viant Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Viant Technology 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 Viant Technology - 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 Viant Technology to buy it.
The correlation of Viant Technology 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 Viant Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Viant Technology 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 Viant Technology 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 Viant Stock Analysis
When running Viant Technology's price analysis, check to
measure Viant Technology'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 Viant Technology is operating at the current time. Most of Viant Technology's value examination focuses on studying past and present price action to
predict the probability of Viant Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Viant Technology's price. Additionally, you may evaluate how the addition of Viant Technology to your portfolios can decrease your overall portfolio volatility.