DHI Income Tax Expense vs Ebitda Analysis

DHX Stock  USD 2.54  0.05  2.01%   
DHI financial indicator trend analysis is much more than just examining DHI Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DHI Group is a good investment. Please check the relationship between DHI Income Tax Expense and its Ebitda accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DHI Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

Income Tax Expense vs Ebitda

Income Tax Expense vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DHI Group Income Tax Expense account and Ebitda. At this time, the significance of the direction appears to have almost identical trend.
The correlation between DHI's Income Tax Expense and Ebitda is 0.94. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Ebitda in the same time period over historical financial statements of DHI Group, assuming nothing else is changed. The correlation between historical values of DHI's Income Tax Expense and Ebitda 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 DHI Group are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Income Tax Expense i.e., DHI's Income Tax Expense and Ebitda go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Income Tax Expense

Ebitda

Most indicators from DHI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DHI Group 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DHI Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
At this time, DHI's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.28 in 2024, despite the fact that Tax Provision is likely to grow to (70.3 K).
 2021 2022 2023 2024 (projected)
Gross Profit104.8M132.1M132.1M144.3M
Total Revenue119.9M149.7M151.9M162.1M

DHI fundamental ratios Correlations

0.810.510.630.980.45-0.570.610.830.640.920.90.570.150.93-0.060.880.260.730.830.90.640.560.150.3-0.06
0.81-0.020.640.810.39-0.410.650.910.90.530.710.05-0.080.62-0.020.560.070.430.410.70.530.09-0.090.31-0.05
0.51-0.02-0.060.550.31-0.22-0.110.11-0.30.760.340.830.220.610.230.570.530.690.740.460.410.750.30.240.17
0.630.64-0.060.51-0.18-0.541.00.560.820.50.860.37-0.050.53-0.530.53-0.420.110.40.740.070.450.36-0.32-0.48
0.980.810.550.510.54-0.510.490.850.580.90.810.510.120.910.090.840.360.780.80.850.720.490.050.410.01
0.450.390.31-0.180.54-0.26-0.170.620.160.390.13-0.090.360.440.50.410.370.60.310.060.88-0.2-0.580.640.58
-0.57-0.41-0.22-0.54-0.51-0.26-0.54-0.44-0.41-0.57-0.65-0.38-0.38-0.650.47-0.680.15-0.31-0.55-0.56-0.34-0.38-0.180.080.18
0.610.65-0.111.00.49-0.17-0.540.570.840.460.840.33-0.060.51-0.530.5-0.440.080.370.710.060.40.33-0.33-0.47
0.830.910.110.560.850.62-0.440.570.810.610.690.060.040.690.150.640.110.560.480.630.770.05-0.280.410.0
0.640.9-0.30.820.580.16-0.410.840.810.340.7-0.05-0.090.44-0.260.41-0.330.130.220.590.290.01-0.070.0-0.23
0.920.530.760.50.90.39-0.570.460.610.340.840.790.270.96-0.080.920.330.780.940.850.590.760.280.23-0.06
0.90.710.340.860.810.13-0.650.840.690.70.840.60.170.88-0.40.87-0.020.50.80.920.410.640.360.0-0.33
0.570.050.830.370.51-0.09-0.380.330.06-0.050.790.60.150.63-0.210.60.150.470.750.670.070.990.63-0.18-0.14
0.15-0.080.22-0.050.120.36-0.38-0.060.04-0.090.270.170.150.35-0.160.440.060.070.370.00.290.11-0.290.040.41
0.930.620.610.530.910.44-0.650.510.690.440.960.880.630.35-0.160.990.350.770.950.860.670.620.170.32-0.13
-0.06-0.020.23-0.530.090.50.47-0.530.15-0.26-0.08-0.4-0.21-0.16-0.16-0.220.520.22-0.15-0.290.37-0.31-0.480.40.52
0.880.560.570.530.840.41-0.680.50.640.410.920.870.60.440.99-0.220.310.690.950.820.640.60.160.27-0.15
0.260.070.53-0.420.360.370.15-0.440.11-0.330.33-0.020.150.060.350.520.310.610.450.180.470.11-0.080.690.2
0.730.430.690.110.780.6-0.310.080.560.130.780.50.470.070.770.220.690.610.730.60.750.41-0.030.690.03
0.830.410.740.40.80.31-0.550.370.480.220.940.80.750.370.95-0.150.950.450.730.810.560.730.330.27-0.12
0.90.70.460.740.850.06-0.560.710.630.590.850.920.670.00.86-0.290.820.180.60.810.350.710.420.12-0.41
0.640.530.410.070.720.88-0.340.060.770.290.590.410.070.290.670.370.640.470.750.560.35-0.02-0.410.740.27
0.560.090.750.450.49-0.2-0.380.40.050.010.760.640.990.110.62-0.310.60.110.410.730.71-0.020.7-0.24-0.23
0.15-0.090.30.360.05-0.58-0.180.33-0.28-0.070.280.360.63-0.290.17-0.480.16-0.08-0.030.330.42-0.410.7-0.45-0.4
0.30.310.24-0.320.410.640.08-0.330.410.00.230.0-0.180.040.320.40.270.690.690.270.120.74-0.24-0.450.19
-0.06-0.050.17-0.480.010.580.18-0.470.0-0.23-0.06-0.33-0.140.41-0.130.52-0.150.20.03-0.12-0.410.27-0.23-0.40.19
Click cells to compare fundamentals

DHI Account Relationship Matchups

DHI fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets278.3M241.0M221.6M226.7M225.2M301.8M
Total Stockholder Equity161.2M127.6M116.4M106.2M107.5M145.0M
Net Debt24.4M29.1M30.6M35.5M42.3M34.8M
Cash5.4M7.6M1.5M3.0M4.2M4.0M
Non Current Assets Total245.2M207.5M197.1M198.9M194.3M241.6M
Non Currrent Assets Other2.6M1.6M1.9M8.0M8.3M8.7M
Other Assets8.1M25.8M11.0M3.9M4.4M7.1M
Cash And Short Term Investments5.4M7.6M1.5M3.0M4.2M4.0M
Common Stock Shares Outstanding51.6M48.3M46.3M46.5M44.5M46.3M
Liabilities And Stockholders Equity278.3M241.0M221.6M226.7M225.2M301.8M
Other Stockholder Equity105.8M101.4M91.5M77.5M74.6M106.4M
Total Liab117.1M113.4M105.2M120.5M117.7M156.8M
Total Current Assets33.1M33.5M24.5M27.8M30.9M42.4M
Short Long Term Debt Total29.7M36.7M32.1M38.5M46.5M48.6M
Other Current Liab984K123K622K34K17.4M18.3M
Total Current Liabilities74.1M65.4M63.5M74.1M68.9M85.9M
Property Plant And Equipment Net40.1M40.9M27.5M27.8M30.0M18.4M
Current Deferred Revenue50.6M42.4M45.2M50.1M49.5M61.4M
Retained Earnings84.0M54.0M24.2M28.4M32.2M33.8M
Accounts Payable18.9M19.4M15.9M23.8M17.4M19.4M
Net Receivables23.5M21.3M18.7M20.5M22.4M28.4M
Good Will154.0M156.1M133.4M128.1M115.3M130.2M
Common Stock Total Equity696K714K738K766K880.9K714.5K
Non Current Liabilities Total43.0M48.0M41.8M46.4M48.8M62.5M
Other Current Assets4.2M4.5M4.2M4.3M4.2M3.8M
Property Plant And Equipment Gross40.1M40.9M20.6M21.3M77.3M81.1M
Accumulated Other Comprehensive Income(29.2M)(28.5M)(61K)(481K)(83K)(87.2K)
Common Stock696K714K738K766K789K722.5K
Other Liab16.9M14.7M12.0M8.0M9.2M11.2M
Long Term Debt9.4M19.6M22.7M30M38M45.4M
Property Plant Equipment20.4M24.5M27.5M27.8M32.0M33.6M
Short Term Debt3.6M3.4M2.4M105K2.0M2.1M
Treasury Stock(121.5M)(132.2M)(150.4M)(174.1M)(156.7M)(164.5M)
Net Tangible Assets(33.9M)127.6M(35.5M)106.2M122.2M128.3M
Retained Earnings Total Equity84.0M54.0M24.2M28.4M32.7M41.6M
Long Term Debt Total9.4M19.6M22.7M30M27M40.4M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DHI in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DHI's short interest history, or implied volatility extrapolated from DHI options trading.

Pair Trading with DHI

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 DHI 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 DHI will appreciate offsetting losses from the drop in the long position's value.

Moving against DHI Stock

  0.49DTRK DATATRAK InternationalPairCorr
The ability to find closely correlated positions to DHI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DHI 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 DHI - 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 DHI Group to buy it.
The correlation of DHI 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 DHI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DHI Group 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 DHI 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.
Pair CorrelationCorrelation Matching
When determining whether DHI Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DHI's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dhi Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dhi Group Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DHI Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the DHI Group information on this page should be used as a complementary analysis to other DHI's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for DHI Stock analysis

When running DHI's price analysis, check to measure DHI'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 DHI is operating at the current time. Most of DHI's value examination focuses on studying past and present price action to predict the probability of DHI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DHI's price. Additionally, you may evaluate how the addition of DHI to your portfolios can decrease your overall portfolio volatility.
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Is DHI's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DHI. If investors know DHI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DHI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.02)
Earnings Share
0.08
Revenue Per Share
3.486
Quarterly Revenue Growth
(0.06)
Return On Assets
0.0241
The market value of DHI Group is measured differently than its book value, which is the value of DHI that is recorded on the company's balance sheet. Investors also form their own opinion of DHI's value that differs from its market value or its book value, called intrinsic value, which is DHI's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DHI's market value can be influenced by many factors that don't directly affect DHI's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DHI's value and its price as these two are different measures arrived at by different means. Investors typically determine if DHI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DHI's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.