TACT Stock | | | USD 4.12 0.07 1.73% |
TransAct Technologies financial indicator trend analysis is much more than just breaking down TransAct Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TransAct Technologies is a good investment. Please check the relationship between TransAct Technologies Tax Provision and its Selling General Administrative accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TransAct Technologies Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Tax Provision vs Selling General Administrative
Tax Provision vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TransAct Technologies Tax Provision account and
Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between TransAct Technologies' Tax Provision and Selling General Administrative is -0.33. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of TransAct Technologies Incorporated, assuming nothing else is changed. The correlation between historical values of TransAct Technologies' Tax Provision and Selling General Administrative 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 TransAct Technologies Incorporated are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Tax Provision i.e., TransAct Technologies' Tax Provision and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.
Selling General Administrative
Most indicators from TransAct Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TransAct Technologies 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
World Market Map to better understand how to build diversified portfolios, which includes a position in TransAct Technologies Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
At this time, TransAct Technologies' Tax Provision is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 199.9
M in 2024, whereas Selling General Administrative is likely to drop slightly above 10.1
M in 2024.
TransAct Technologies fundamental ratios Correlations
Click cells to compare fundamentals
TransAct Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TransAct Technologies fundamental ratios Accounts
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