| 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 Tax Provision 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.
Tax Provision vs Total Revenue
Tax Provision vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Red Violet Tax Provision account and
Total Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Red Violet's Tax Provision and Total Revenue is -0.52. Overlapping area represents the amount of variation of Tax Provision 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 Tax Provision 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 Tax Provision 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 Tax Provision i.e., Red Violet's Tax Provision and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.52 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
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.
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
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