| HITI Stock | | | CAD 4.33 0.09 2.12% |
High Tide financial indicator trend analysis is much more than just examining High Tide latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether High Tide is a good investment. Please check the relationship between High Tide Net Income and its Income Before Tax accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy High Stock please use our
How to Invest in High Tide guide.
Net Income vs Income Before Tax
Net Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
High Tide Net Income account and
Income Before Tax. At this time, the significance of the direction appears to have totally related.
The correlation between High Tide's Net Income and Income Before Tax is 0.99. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of High Tide, assuming nothing else is changed. The correlation between historical values of High Tide's Net 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 Net Income of High Tide 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 Net Income i.e., High Tide's Net Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in High Tide financial statement analysis. It represents the amount of money remaining after all of High Tide operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on High Tide income statement and is an important metric when analyzing High Tide 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 High Tide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into High Tide 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 High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy High Stock please use our
How to Invest in High Tide guide.At this time, High Tide's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.41 in 2024, despite the fact that
Tax Provision is likely to grow to (6.5
M).
High Tide fundamental ratios Correlations
Click cells to compare fundamentals
High Tide Account Relationship Matchups
High Positive Relationship
High Negative Relationship
High Tide fundamental ratios Accounts
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Additional Tools for High Stock Analysis
When running High Tide's price analysis, check to
measure High Tide'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 High Tide is operating at the current time. Most of High Tide's value examination focuses on studying past and present price action to
predict the probability of High Tide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Tide's price. Additionally, you may evaluate how the addition of High Tide to your portfolios can decrease your overall portfolio volatility.