SYBT Stock | | | USD 71.69 1.44 1.97% |
Stock Yards financial indicator trend analysis is much more than just breaking down Stock Yards Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stock Yards Bancorp is a good investment. Please check the relationship between Stock Yards Depreciation and its Net Income accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Stock Yards Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Depreciation vs Net Income
Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Stock Yards Bancorp Depreciation account and
Net Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Stock Yards' Depreciation and Net Income is 0.87. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Stock Yards Bancorp, assuming nothing else is changed. The correlation between historical values of Stock Yards' Depreciation and Net Income 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 of Stock Yards Bancorp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., Stock Yards' Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Depreciation
Depreciation indicates how much of Stock Yards Bancorp value has been used up. For tax purposes Stock Yards can deduct the cost of the tangible assets it purchases as business expenses. However, Stock Yards Bancorp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Stock Yards Bancorp financial statement analysis. It represents the amount of money remaining after all of Stock Yards Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Stock Yards' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stock Yards Bancorp 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Stock Yards Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
At this time, Stock Yards'
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 852.2
M in 2024, whereas
Tax Provision is likely to drop slightly above 19.3
M in 2024.
Stock Yards fundamental ratios Correlations
Click cells to compare fundamentals
Stock Yards Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stock Yards fundamental ratios Accounts
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