| RDVT Stock | | | USD 36.80 0.31 0.85% |
Red Violet financial indicator trend analysis is much more than just breaking down Red Violet prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Violet is a good investment. Please check the relationship between Red Violet Cost Of Revenue and its Total Revenue accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
For more information on how to buy Red Stock please use our
How to Invest in Red Violet guide.
Cost Of Revenue vs Total Revenue
Cost Of Revenue vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Red Violet Cost Of Revenue account and
Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Red Violet's Cost Of Revenue and Total Revenue is 0.92. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Red Violet, assuming nothing else is changed. The correlation between historical values of Red Violet's Cost Of Revenue and Total Revenue 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 Red Violet are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Cost Of Revenue i.e., Red Violet's Cost Of Revenue and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cost Of Revenue
Cost of Revenue is found on Red Violet income statement and represents the costs associated with goods and services Red Violet 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.
Total Revenue
Total revenue comprises all receipts Red Violet generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Red Violet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Violet 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
For more information on how to buy Red Stock please use our
How to Invest in Red Violet guide.
Tax Provision is likely to gain to about (9.2
M) in 2024.
Selling General Administrative is likely to drop to about 18.3
M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 32.8M | 41.1M | 47.1M | 49.5M | Total Revenue | 44.0M | 53.3M | 60.2M | 31.3M |
Red Violet fundamental ratios Correlations
Click cells to compare fundamentals
Red Violet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Red Violet fundamental ratios Accounts
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Additional Tools for Red Stock Analysis
When running Red Violet's price analysis, check to
measure Red Violet'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 Red Violet is operating at the current time. Most of Red Violet's value examination focuses on studying past and present price action to
predict the probability of Red Violet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Violet's price. Additionally, you may evaluate how the addition of Red Violet to your portfolios can decrease your overall portfolio volatility.