| CORZZ Stock | | | 14.10 0.29 2.02% |
Core Scientific, financial indicator trend analysis is way more than just evaluating Core Scientific, Tranche prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Core Scientific, Tranche is a good investment. Please check the relationship between Core Scientific, Depreciation And Amortization and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Core Scientific, Tranche. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Depreciation And Amortization vs Income Before Tax
Depreciation And Amortization vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Core Scientific, Tranche Depreciation And Amortization account and
Income Before Tax. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Core Scientific,'s Depreciation And Amortization and Income Before Tax is -0.53. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Core Scientific, Tranche, assuming nothing else is changed. The correlation between historical values of Core Scientific,'s Depreciation And Amortization 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 Depreciation And Amortization of Core Scientific, Tranche 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 Depreciation And Amortization i.e., Core Scientific,'s Depreciation And Amortization and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Core Scientific, income statement and is an important metric when analyzing Core Scientific, Tranche 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 Core Scientific,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Core Scientific, Tranche 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 Core Scientific, Tranche. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
At this time, Core Scientific,'s
Tax Provision is fairly stable compared to the past year.
Selling General Administrative is likely to rise to about 108.6
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.18 in 2024.
| 2021 | 2023 | 2024 (projected) |
Interest Expense | 96.8M | 99.2M | 63.8M | Depreciation And Amortization | 96.4M | 110.9M | 116.5M |
Core Scientific, fundamental ratios Correlations
Click cells to compare fundamentals
Core Scientific, Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Core Scientific, fundamental ratios Accounts
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Additional Tools for Core Stock Analysis
When running Core Scientific,'s price analysis, check to
measure Core Scientific,'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 Core Scientific, is operating at the current time. Most of Core Scientific,'s value examination focuses on studying past and present price action to
predict the probability of Core Scientific,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Scientific,'s price. Additionally, you may evaluate how the addition of Core Scientific, to your portfolios can decrease your overall portfolio volatility.