The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hampton Financial Corp Ebit account and
Income Tax Expense. At this time, the significance of the direction appears to have very week relationship.
The correlation between Hampton Financial's Ebit and Income Tax Expense is 0.28. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Hampton Financial Corp, assuming nothing else is changed. The correlation between historical values of Hampton Financial's Ebit and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Hampton Financial Corp are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Ebit i.e., Hampton Financial's Ebit and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Most indicators from Hampton Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hampton Financial Corp 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hampton Financial Corp. 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.
At this time, Hampton Financial's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 132.3
K in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 216.7
K in 2024.
When running Hampton Financial's price analysis, check to
measure Hampton Financial'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 Hampton Financial is operating at the current time. Most of Hampton Financial's value examination focuses on studying past and present price action to
predict the probability of Hampton Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hampton Financial's price. Additionally, you may evaluate how the addition of Hampton Financial to your portfolios can decrease your overall portfolio volatility.