MicroAlgo Net Income vs Income Before Tax Analysis
| MLGO Stock | 0.19 0.01 5.00% |
MicroAlgo financial indicator trend analysis is infinitely more than just investigating MicroAlgo recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MicroAlgo is a good investment. Please check the relationship between MicroAlgo Net Income and its Income Before Tax accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MicroAlgo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in MicroAlgo Stock, please use our How to Invest in MicroAlgo guide.
Net Income vs Income Before Tax
Net Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MicroAlgo Net Income account and Income Before Tax. At this time, the significance of the direction appears to have totally related.
The correlation between MicroAlgo's Net Income and Income Before Tax is 1.0. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of MicroAlgo, assuming nothing else is changed. The correlation between historical values of MicroAlgo's Net Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of MicroAlgo are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Net Income i.e., MicroAlgo's Net Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in MicroAlgo financial statement analysis. It represents the amount of money remaining after all of MicroAlgo operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on MicroAlgo income statement and is an important metric when analyzing MicroAlgo profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most indicators from MicroAlgo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MicroAlgo 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MicroAlgo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in MicroAlgo Stock, please use our How to Invest in MicroAlgo guide.At this time, MicroAlgo's Selling General Administrative is very stable compared to the past year. As of the 18th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.26, though Tax Provision is likely to grow to (335.4 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 1.6M | 1.5M | 1.1M | 1.4M | Interest Income | 1.9M | 266.1K | 548.3K | 559.9K |
MicroAlgo fundamental ratios Correlations
Click cells to compare fundamentals
MicroAlgo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MicroAlgo fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 33.8K | 18.5M | 17.7M | 680.5K | 5.7M | 7.8M | |
| Total Current Liabilities | 483.8K | 23.8M | 22.0M | 4.8M | 12.0M | 11.6M | |
| Total Stockholder Equity | 14.1K | 48.6M | 58.4M | 66.8M | 45.4M | 40.2M | |
| Retained Earnings | (10.9K) | 19.6M | 28.1M | 19.1M | (10.9M) | (10.3M) | |
| Total Liab | 483.8K | 25.0M | 23.0M | 5.1M | 12.0M | 12.0M |
Pair Trading with MicroAlgo
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 MicroAlgo 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 MicroAlgo will appreciate offsetting losses from the drop in the long position's value.Moving against MicroAlgo Stock
| 0.81 | GB | Global Blue Group Earnings Call This Week | PairCorr |
| 0.77 | FFIV | F5 Networks | PairCorr |
| 0.61 | CETXP | Cemtrex Pref | PairCorr |
| 0.56 | JG | Aurora Mobile | PairCorr |
| 0.56 | NN | Nextnav Acquisition Corp | PairCorr |
The ability to find closely correlated positions to MicroAlgo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MicroAlgo 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 MicroAlgo - 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 MicroAlgo to buy it.
The correlation of MicroAlgo 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 MicroAlgo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MicroAlgo 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 MicroAlgo 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MicroAlgo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in MicroAlgo Stock, please use our How to Invest in MicroAlgo guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Application Software space 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 MicroAlgo. If investors know MicroAlgo 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 MicroAlgo 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 (0.90) | Earnings Share (7.03) | Revenue Per Share 79.717 | Quarterly Revenue Growth 0.081 | Return On Assets (0.11) |
The market value of MicroAlgo is measured differently than its book value, which is the value of MicroAlgo that is recorded on the company's balance sheet. Investors also form their own opinion of MicroAlgo's value that differs from its market value or its book value, called intrinsic value, which is MicroAlgo'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 MicroAlgo's market value can be influenced by many factors that don't directly affect MicroAlgo'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 MicroAlgo's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroAlgo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroAlgo'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.