NVIDIA Cost Of Revenue vs Tax Provision Analysis
| NVDA Stock | 31.55 0.93 2.86% |
NVIDIA CDR financial indicator trend analysis is infinitely more than just investigating NVIDIA CDR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NVIDIA CDR is a good investment. Please check the relationship between NVIDIA CDR Cost Of Revenue and its Tax Provision accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NVIDIA CDR. 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.
Cost Of Revenue vs Tax Provision
Cost Of Revenue vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NVIDIA CDR Cost Of Revenue account and Tax Provision. At this time, the significance of the direction appears to have very strong relationship.
The correlation between NVIDIA CDR's Cost Of Revenue and Tax Provision is 0.81. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Tax Provision in the same time period over historical financial statements of NVIDIA CDR, assuming nothing else is changed. The correlation between historical values of NVIDIA CDR's Cost Of Revenue 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 Cost Of Revenue of NVIDIA CDR 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 Cost Of Revenue i.e., NVIDIA CDR's Cost Of Revenue and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cost Of Revenue
Cost of Revenue is found on NVIDIA CDR income statement and represents the costs associated with goods and services NVIDIA CDR provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.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 NVIDIA CDR's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NVIDIA CDR 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 NVIDIA CDR. 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. The current year's Tax Provision is expected to grow to about 4.3 B, whereas Selling General Administrative is forecasted to decline to about 2.5 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 236M | 262M | 257M | 258.2M | Interest Income | 29M | 267M | 866M | 909.3M |
NVIDIA CDR fundamental ratios Correlations
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NVIDIA CDR Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with NVIDIA CDR
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 NVIDIA CDR 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 NVIDIA CDR will appreciate offsetting losses from the drop in the long position's value.Moving against NVIDIA Stock
The ability to find closely correlated positions to NVIDIA CDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NVIDIA CDR 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 NVIDIA CDR - 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 NVIDIA CDR to buy it.
The correlation of NVIDIA CDR 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 NVIDIA CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NVIDIA CDR 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 NVIDIA CDR 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.Other Information on Investing in NVIDIA Stock
Balance Sheet is a snapshot of the financial position of NVIDIA CDR at a specified time, usually calculated after every quarter, six months, or one year. NVIDIA CDR Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NVIDIA CDR 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 NVIDIA currently owns. An asset can also be divided into two categories, current and non-current.