Expand Income Before Tax vs Tax Provision Analysis
| EXEEW Stock | 93.08 0.00 0.00% |
Expand Energy financial indicator trend analysis is much more than just examining Expand Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Expand Energy is a good investment. Please check the relationship between Expand Energy Income Before Tax and its Tax Provision accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Expand Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy Expand Stock please use our How to Invest in Expand Energy guide.
Income Before Tax vs Tax Provision
Income Before Tax vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Expand Energy Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Expand Energy's Income Before Tax and Tax Provision is -0.13. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Expand Energy, assuming nothing else is changed. The correlation between historical values of Expand Energy's Income Before Tax and Tax Provision 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 Expand Energy are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Before Tax i.e., Expand Energy's Income Before Tax and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.13 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Expand Energy income statement and is an important metric when analyzing Expand Energy 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.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.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 Expand Stock Analysis
When running Expand Energy's price analysis, check to measure Expand Energy'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 Expand Energy is operating at the current time. Most of Expand Energy's value examination focuses on studying past and present price action to predict the probability of Expand Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Expand Energy's price. Additionally, you may evaluate how the addition of Expand Energy to your portfolios can decrease your overall portfolio volatility.