TDb Operating Income vs Other Operating Expenses Analysis
XTD Stock | CAD 2.06 0.08 4.04% |
TDb Split financial indicator trend analysis is much more than just breaking down TDb Split Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TDb Split Corp is a good investment. Please check the relationship between TDb Split Operating Income and its Other Operating Expenses accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in TDb Split Corp. 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.
Operating Income vs Other Operating Expenses
Operating Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TDb Split Corp Operating Income account and Other Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between TDb Split's Operating Income and Other Operating Expenses is -0.53. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of TDb Split Corp, assuming nothing else is changed. The correlation between historical values of TDb Split's Operating Income and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of TDb Split Corp are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Operating Income i.e., TDb Split's Operating Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Operating Income
Operating Income is the amount of profit realized from TDb Split Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of TDb Split Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of TDb Split Corp. It is also known as TDb Split overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most indicators from TDb Split's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TDb Split Corp 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in TDb Split Corp. 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. At this time, TDb Split's Selling General Administrative is very stable compared to the past year. As of the 5th of December 2024, Issuance Of Capital Stock is likely to grow to about 13.8 M, while Sales General And Administrative To Revenue is likely to drop (0.05).
TDb Split fundamental ratios Correlations
Click cells to compare fundamentals
TDb Split Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TDb Split fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 60.5M | 87.1M | 89.7M | 88.7M | 102.0M | 53.3M | |
Other Current Liab | (286.4K) | (675.2K) | (610.0K) | (1.6M) | (1.4M) | (1.3M) | |
Total Current Liabilities | 286.4K | 675.2K | 610.0K | 74.2M | 85.3M | 89.5M | |
Total Stockholder Equity | 10.4M | 26.9M | 24.1M | 14.8M | 17.1M | 14.7M | |
Net Debt | 36.2M | 57.4M | 55.9M | (31.3M) | (36.0M) | (34.2M) | |
Accounts Payable | 286.4K | 675.2K | 610.0K | 1.6M | 1.8M | 1.9M | |
Cash | 13.4M | 2.0M | 8.9M | 31.3M | 36.0M | 37.8M | |
Non Current Assets Total | 47.2M | 85.1M | 80.9M | 57.4M | 66.0M | 47.2M | |
Non Currrent Assets Other | (47.2M) | (85.1M) | (80.9M) | (57.4M) | (51.7M) | (54.2M) | |
Cash And Short Term Investments | 13.4M | 2.0M | 8.9M | 88.7M | 102.0M | 107.1M | |
Net Receivables | 863.0 | 941.0 | 1.1K | 995.0 | 895.5 | 850.72 | |
Common Stock Shares Outstanding | 3.4M | 4.9M | 5.6M | 14.4M | 16.5M | 17.4M | |
Liabilities And Stockholders Equity | 60.5M | 87.1M | 89.7M | 88.7M | 102.0M | 53.3M | |
Non Current Liabilities Total | 555.5K | 739.2K | 610.0K | 1.7M | 1.9M | 2.0M | |
Total Liab | 286.4K | 675.2K | 65.6M | 73.8M | 84.9M | 89.2M | |
Total Current Assets | 13.4M | 2.0M | 8.9M | 88.7M | 102.0M | 107.1M | |
Common Stock | 10.4M | 26.9M | 24.1M | 14.8M | 17.1M | 19.7M | |
Net Tangible Assets | 19.8M | 10.4M | 26.9M | 24.1M | 27.7M | 21.1M | |
Short Term Investments | 47.2M | 85.1M | 80.9M | 57.4M | 66.0M | 62.9M | |
Long Term Investments | 47.2M | 85.1M | 80.9M | 57.4M | 66.0M | 65.3M | |
Short Long Term Debt Total | 49.5M | 59.4M | 64.8M | 72.2M | 83.0M | 61.5M | |
Current Deferred Revenue | (49.3M) | (58.7M) | (64.1M) | (70.6M) | (63.5M) | (66.7M) | |
Short Term Debt | 49.5M | 59.4M | 64.8M | 72.2M | 83.0M | 61.5M |
Pair Trading with TDb Split
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 TDb Split 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 TDb Split will appreciate offsetting losses from the drop in the long position's value.Moving against TDb Stock
0.7 | EVT | Economic Investment Trust | PairCorr |
0.5 | AC | Air Canada | PairCorr |
0.35 | UNC | Uniteds Limited | PairCorr |
0.33 | POW | Power | PairCorr |
The ability to find closely correlated positions to TDb Split could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TDb Split 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 TDb Split - 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 TDb Split Corp to buy it.
The correlation of TDb Split 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 TDb Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TDb Split Corp 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 TDb Split 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 TDb Stock
Balance Sheet is a snapshot of the financial position of TDb Split Corp at a specified time, usually calculated after every quarter, six months, or one year. TDb Split Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TDb Split 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 TDb currently owns. An asset can also be divided into two categories, current and non-current.