| NEWT Stock | | | USD 13.01 0.29 2.18% |
Newtek Business financial indicator trend analysis is infinitely more than just investigating Newtek Business Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newtek Business Services is a good investment. Please check the relationship between Newtek Business Reconciled Depreciation and its Tax Provision accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newtek Business Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
Reconciled Depreciation vs Tax Provision
Reconciled Depreciation vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Newtek Business Services Reconciled Depreciation account and
Tax Provision. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Newtek Business' Reconciled Depreciation and Tax Provision is 0.48. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Newtek Business Services, assuming nothing else is changed. The correlation between historical values of Newtek Business' Reconciled Depreciation 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 Reconciled Depreciation of Newtek Business Services 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 Reconciled Depreciation i.e., Newtek Business' Reconciled Depreciation and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.48 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Reconciled Depreciation
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.
Most indicators from Newtek Business' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newtek Business Services 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 Newtek Business Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
At this time, Newtek Business'
Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 7.3
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.08 in 2024.
Newtek Business fundamental ratios Correlations
Click cells to compare fundamentals
Newtek Business Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Newtek Business fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Newtek Stock Analysis
When running Newtek Business' price analysis, check to
measure Newtek Business' 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 Newtek Business is operating at the current time. Most of Newtek Business' value examination focuses on studying past and present price action to
predict the probability of Newtek Business' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newtek Business' price. Additionally, you may evaluate how the addition of Newtek Business to your portfolios can decrease your overall portfolio volatility.