| OVLY Stock | | | USD 29.48 0.35 1.17% |
Oak Valley financial indicator trend analysis is much more than just breaking down Oak Valley Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oak Valley Bancorp is a good investment. Please check the relationship between Oak Valley Operating Income and its Income Before Tax accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oak Valley Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Operating Income vs Income Before Tax
Operating Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Oak Valley Bancorp Operating Income account and
Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Oak Valley's Operating Income and Income Before Tax is 0.94. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Oak Valley Bancorp, assuming nothing else is changed. The correlation between historical values of Oak Valley's Operating 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 Operating Income of Oak Valley Bancorp 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 Operating Income i.e., Oak Valley's Operating Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from Oak Valley Bancorp 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 Oak Valley Bancorp 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.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Oak Valley income statement and is an important metric when analyzing Oak Valley Bancorp 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 Oak Valley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oak Valley Bancorp 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Oak Valley Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, Oak Valley's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.41 in 2024, whereas
Tax Provision is likely to drop slightly above 5.7
M in 2024.
Oak Valley fundamental ratios Correlations
Click cells to compare fundamentals
Oak Valley Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oak Valley fundamental ratios Accounts
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measure Oak Valley'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 Oak Valley is operating at the current time. Most of Oak Valley's value examination focuses on studying past and present price action to
predict the probability of Oak Valley's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oak Valley's price. Additionally, you may evaluate how the addition of Oak Valley to your portfolios can decrease your overall portfolio volatility.