International Historical Income Statement
| ITH Stock | CAD 0.67 0.01 1.47% |
Historical analysis of International Tower income statement accounts such as Total Operating Expenses of 3.1 M or Depreciation And Amortization of 3.5 M can show how well International Tower Hill performed in making a profits. Evaluating International Tower income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of International Tower's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining International Tower Hill latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether International Tower Hill is a good buy for the upcoming year.
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About International Income Statement Analysis
International Tower Hill Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to International Tower shareholders. The income statement also shows International investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
International Tower Income Statement Chart
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Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in International Tower Hill financial statement analysis. It represents the amount of money remaining after all of International Tower Hill 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 International Tower income statement and is an important metric when analyzing International Tower Hill 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.Total Revenue
Total revenue comprises all receipts International Tower Hill generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most accounts from International Tower's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into International Tower Hill current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 International Tower Hill. 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, International Tower's Interest Expense is very stable compared to the past year. As of the 22nd of December 2024, Depreciation And Amortization is likely to grow to about 3.5 M, while Other Operating Expenses is likely to drop about 3.1 M.
| 2023 | 2024 (projected) | Interest Income | 97.1K | 92.3K | Research Development | 2.2M | 2.0M |
International Tower income statement Correlations
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International Tower Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with International Tower
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if International Tower position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in International Tower will appreciate offsetting losses from the drop in the long position's value.Moving together with International Stock
Moving against International Stock
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| 0.53 | AMZN | Amazon CDR | PairCorr |
| 0.38 | GOOG | Alphabet CDR | PairCorr |
| 0.37 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to International Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Tower when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back International Tower - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling International Tower Hill to buy it.
The correlation of International Tower is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as International Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Tower Hill moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for International Tower can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Tower Hill. 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. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.