CDP Stock | | | 4.79 0.01 0.21% |
Carindale Property financial indicator trend analysis is way more than just evaluating Carindale Property Trust prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carindale Property Trust is a good investment. Please check the relationship between Carindale Property Income Before Tax and its Ebit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Carindale Property Trust. 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.
Income Before Tax vs Ebit
Income Before Tax vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Carindale Property Trust Income Before Tax account and
Ebit. At this time, the significance of the direction appears to have very week relationship.
The correlation between Carindale Property's Income Before Tax and Ebit is 0.26. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebit in the same time period over historical financial statements of Carindale Property Trust, assuming nothing else is changed. The correlation between historical values of Carindale Property's Income Before Tax and Ebit 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 Before Tax of Carindale Property Trust are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Income Before Tax i.e., Carindale Property's Income Before Tax and Ebit go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Carindale Property income statement and is an important metric when analyzing Carindale Property Trust 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.
Ebit
Most indicators from Carindale Property's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carindale Property Trust 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Carindale Property Trust. 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.
Selling General Administrative is likely to drop to about 5.1
M in 2024
Carindale Property fundamental ratios Correlations
Click cells to compare fundamentals
Carindale Property Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Carindale Property fundamental ratios Accounts
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Additional Tools for Carindale Stock Analysis
When running Carindale Property's price analysis, check to
measure Carindale Property'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 Carindale Property is operating at the current time. Most of Carindale Property's value examination focuses on studying past and present price action to
predict the probability of Carindale Property's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carindale Property's price. Additionally, you may evaluate how the addition of Carindale Property to your portfolios can decrease your overall portfolio volatility.