Yellow Income Tax Expense vs Net Income From Continuing Ops Analysis
Y Stock | CAD 11.31 0.20 1.80% |
Yellow Pages financial indicator trend analysis is more than just analyzing Yellow Pages Limited current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yellow Pages Limited is a good investment. Please check the relationship between Yellow Pages Income Tax Expense and its Net Income From Continuing Ops accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yellow Pages Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Income Tax Expense vs Net Income From Continuing Ops
Income Tax Expense vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Yellow Pages Limited Income Tax Expense account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Yellow Pages' Income Tax Expense and Net Income From Continuing Ops is 0.14. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Yellow Pages Limited, assuming nothing else is changed. The correlation between historical values of Yellow Pages' Income Tax Expense and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Yellow Pages Limited are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Income Tax Expense i.e., Yellow Pages' Income Tax Expense and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Income Tax Expense
Net Income From Continuing Ops
Most indicators from Yellow Pages' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yellow Pages Limited 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 Yellow Pages Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Yellow Pages' Tax Provision is very stable compared to the past year. As of the 21st of December 2024, Enterprise Value Over EBITDA is likely to grow to 3.14, while Selling General Administrative is likely to drop about 2.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 10.1M | 3.7M | 3.2M | 3.0M | Depreciation And Amortization | 19.6M | 15.4M | 13.7M | 13.0M |
Yellow Pages fundamental ratios Correlations
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Yellow Pages Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yellow Pages fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 326.9M | 367.9M | 305.2M | 207.3M | 167.5M | 159.1M | |
Short Long Term Debt Total | 156.4M | 154.0M | 49.9M | 47.1M | 43.9M | 41.7M | |
Other Current Liab | 41.7M | 36.9M | 36.9M | 34.2M | 28.6M | 27.2M | |
Total Current Liabilities | 65.7M | 61.6M | 65.9M | 56.0M | 49.6M | 47.1M | |
Total Stockholder Equity | (16.7M) | 29.3M | 116.1M | 65.8M | 42.3M | 40.1M | |
Property Plant And Equipment Net | 26.4M | 17.7M | 15.0M | 11.3M | 8.6M | 8.1M | |
Current Deferred Revenue | 2.7M | 1.5M | 1.6M | 1.3M | 956K | 908.2K | |
Net Debt | 112.0M | 497K | (73.7M) | 3.2M | 20.7M | 19.7M | |
Retained Earnings | (6.6B) | (6.5B) | (6.4B) | (55.3M) | (54.0M) | (56.7M) | |
Accounts Payable | 18.6M | 18.7M | 19.1M | 16.8M | 15.9M | 15.1M | |
Cash | 44.4M | 153.5M | 123.6M | 43.9M | 23.2M | 22.1M | |
Non Current Assets Total | 185.9M | 141.8M | 131.8M | 117.8M | 98.6M | 93.7M | |
Non Currrent Assets Other | 3.6M | 1.9M | 2.0M | 2.2M | 2.5M | 4.2M | |
Cash And Short Term Investments | 45.3M | 154.7M | 125.0M | 45.6M | 23.2M | 22.1M | |
Net Receivables | 88.5M | 59.0M | 40.2M | 38.9M | 38.3M | 36.4M | |
Common Stock Shares Outstanding | 32.5M | 32.6M | 26.7M | 23.9M | 17.8M | 16.9M | |
Short Term Investments | 926K | 1.2M | 1.5M | 1.7M | 2.0M | 2.5M | |
Liabilities And Stockholders Equity | 326.9M | 367.9M | 305.2M | 207.3M | 167.5M | 159.1M | |
Non Current Liabilities Total | 277.8M | 277.0M | 123.2M | 85.5M | 75.7M | 71.9M | |
Other Current Assets | 17.1M | 12.0M | 9.7M | 6.7M | 7.4M | 7.0M | |
Other Stockholder Equity | 106.4M | 107.1M | 106.0M | 103.7M | (11.0M) | 0.95 | |
Total Liab | 343.5M | 338.6M | 189.1M | 141.5M | 125.3M | 119.0M | |
Property Plant And Equipment Gross | 26.4M | 17.7M | 64.3M | 60.9M | 46.1M | 42.4M | |
Total Current Assets | 141.0M | 226.1M | 173.4M | 89.5M | 68.9M | 65.5M | |
Short Term Debt | 2.8M | 3.0M | 2.9M | 3.4M | 4.0M | 3.8M | |
Intangible Assets | 89.7M | 70.7M | 58.7M | 49.7M | 40.9M | 38.9M | |
Inventory | 2.5M | 2.1M | 1.9M | 1.0M | 1.2M | 1.2M | |
Other Liab | 124.1M | 126.0M | 76.3M | 41.8M | 37.6M | 35.7M | |
Net Tangible Assets | (106.4M) | (41.4M) | 57.4M | 16.1M | 18.5M | 19.5M | |
Other Assets | 68.9M | 52.0M | 58.1M | 30.3M | 34.8M | 42.0M | |
Deferred Long Term Liab | 3.6M | 1.9M | 2.0M | 2.2M | 1.9M | 1.8M | |
Long Term Investments | 26.4M | 29.6M | 26.9M | 26.6M | 25.8M | 18.3M | |
Property Plant Equipment | 26.4M | 17.7M | 15.0M | 11.3M | 10.1M | 9.6M | |
Long Term Debt Total | 153.7M | 151.0M | 46.9M | 43.7M | 39.4M | 37.4M |
Pair Trading with Yellow Pages
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 Yellow Pages 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 Yellow Pages will appreciate offsetting losses from the drop in the long position's value.Moving together with Yellow Stock
Moving against Yellow Stock
The ability to find closely correlated positions to Yellow Pages could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yellow Pages 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 Yellow Pages - 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 Yellow Pages Limited to buy it.
The correlation of Yellow Pages 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 Yellow Pages moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yellow Pages Limited 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 Yellow Pages 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 Yellow Stock
Balance Sheet is a snapshot of the financial position of Yellow Pages Limited at a specified time, usually calculated after every quarter, six months, or one year. Yellow Pages Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yellow Pages 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 Yellow currently owns. An asset can also be divided into two categories, current and non-current.