| FXPO Stock | | | 109.20 0.20 0.18% |
Ferrexpo PLC financial indicator trend analysis is much more than just examining Ferrexpo PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ferrexpo PLC is a good investment. Please check the relationship between Ferrexpo PLC Income Before Tax and its Tax Provision accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ferrexpo PLC. 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 Tax Provision
Income Before Tax vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ferrexpo PLC Income Before Tax account and
Tax Provision. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Ferrexpo PLC's Income Before Tax and Tax Provision is 0.8. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Ferrexpo PLC, assuming nothing else is changed. The correlation between historical values of Ferrexpo PLC's Income Before Tax and Tax Provision 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 Ferrexpo PLC are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Before Tax i.e., Ferrexpo PLC's Income Before Tax and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.8 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Ferrexpo PLC income statement and is an important metric when analyzing Ferrexpo PLC 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.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Ferrexpo PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ferrexpo PLC 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 Ferrexpo PLC. 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 62
M in 2024. Tax Provision is likely to drop to about 15.5
M in 2024
Ferrexpo PLC fundamental ratios Correlations
Click cells to compare fundamentals
Ferrexpo PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ferrexpo PLC fundamental ratios Accounts
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Additional Tools for Ferrexpo Stock Analysis
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measure Ferrexpo PLC'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 Ferrexpo PLC is operating at the current time. Most of Ferrexpo PLC's value examination focuses on studying past and present price action to
predict the probability of Ferrexpo PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ferrexpo PLC's price. Additionally, you may evaluate how the addition of Ferrexpo PLC to your portfolios can decrease your overall portfolio volatility.