Multistack International financial indicator trend analysis is infinitely more than just investigating Multistack International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Multistack International is a good investment. Please check the relationship between Multistack International Income Before Tax and its Operating Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Multistack International. 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.
Income Before Tax vs Operating Income
Income Before Tax vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Multistack International Income Before Tax account and
Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Multistack International's Income Before Tax and Operating Income is 0.83. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Multistack International, assuming nothing else is changed. The correlation between historical values of Multistack International's Income Before Tax and Operating Income 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 Multistack International are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., Multistack International's Income Before Tax and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.83 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Multistack International income statement and is an important metric when analyzing Multistack International 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.
Operating Income
Operating Income is the amount of profit realized from Multistack International operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Multistack International is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Multistack International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Multistack International 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Multistack International. 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.
At this time, Multistack International's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 44.1
K in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 960
K in 2024.
Multistack International fundamental ratios Correlations
Click cells to compare fundamentals
Multistack International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Multistack International fundamental ratios Accounts
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Additional Tools for Multistack Stock Analysis
When running Multistack International's price analysis, check to
measure Multistack International'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 Multistack International is operating at the current time. Most of Multistack International's value examination focuses on studying past and present price action to
predict the probability of Multistack International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Multistack International's price. Additionally, you may evaluate how the addition of Multistack International to your portfolios can decrease your overall portfolio volatility.