Brightcove Net Income From Continuing Ops vs Cost Of Revenue Analysis
BCOV Stock | USD 1.63 0.02 1.21% |
Brightcove financial indicator trend analysis is way more than just evaluating Brightcove prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brightcove is a good investment. Please check the relationship between Brightcove Net Income From Continuing Ops and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brightcove. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Brightcove Stock please use our How to Invest in Brightcove guide.
Net Income From Continuing Ops vs Cost Of Revenue
Net Income From Continuing Ops vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brightcove Net Income From Continuing Ops account and Cost Of Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Brightcove's Net Income From Continuing Ops and Cost Of Revenue is -0.04. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Brightcove, assuming nothing else is changed. The correlation between historical values of Brightcove's Net Income From Continuing Ops and Cost Of Revenue 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 From Continuing Ops of Brightcove are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income From Continuing Ops i.e., Brightcove's Net Income From Continuing Ops and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | -0.04 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Income From Continuing Ops
Cost Of Revenue
Cost of Revenue is found on Brightcove income statement and represents the costs associated with goods and services Brightcove provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most indicators from Brightcove's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brightcove 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Brightcove. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Brightcove Stock please use our How to Invest in Brightcove guide.At this time, Brightcove's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.18 in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (22.50).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 138.1M | 133.9M | 123.8M | 96.1M | Total Revenue | 211.1M | 211.0M | 201.2M | 152.3M |
Brightcove fundamental ratios Correlations
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Brightcove Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brightcove fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 172.9M | 186.8M | 216.5M | 227.8M | 216.1M | 135.0M | |
Total Stockholder Equity | 74.1M | 79.6M | 96.3M | 102.3M | 93.9M | 98.6M | |
Property Plant And Equipment Net | 29.0M | 24.7M | 45.4M | 58.3M | 58.7M | 61.6M | |
Net Debt | (4.9M) | (27.6M) | (20.3M) | (7.2M) | 3.2M | 3.4M | |
Cash | 22.8M | 37.5M | 45.7M | 31.9M | 18.6M | 29.1M | |
Other Assets | 3.3M | 14.0M | 6.7M | 7.0M | 6.3M | 6.8M | |
Cash And Short Term Investments | 22.8M | 37.5M | 45.7M | 31.9M | 18.6M | 29.8M | |
Other Stockholder Equity | 275.5M | 286.2M | 297.9M | 314.0M | 328.0M | 212.5M | |
Property Plant And Equipment Gross | 29.0M | 24.7M | 45.4M | 58.3M | 121.5M | 127.5M | |
Common Stock Shares Outstanding | 38.0M | 39.5M | 42.2M | 41.8M | 43.1M | 34.2M | |
Other Current Liab | 13.7M | 20.9M | 25.4M | 26.9M | 17.6M | 16.6M | |
Total Current Liabilities | 86.3M | 98.9M | 96.6M | 104.0M | 104.6M | 64.5M | |
Current Deferred Revenue | 49.3M | 58.7M | 62.1M | 61.6M | 68.2M | 39.5M | |
Retained Earnings | (200.6M) | (206.4M) | (201.0M) | (210.1M) | (232.9M) | (244.6M) | |
Accounts Payable | 9.9M | 10.5M | 11.0M | 11.3M | 14.4M | 15.1M | |
Non Current Assets Total | 107.0M | 101.3M | 122.2M | 150.5M | 145.7M | 81.3M | |
Non Currrent Assets Other | 3.3M | 5.3M | 6.7M | 7.0M | 5.8M | 3.1M | |
Net Receivables | 31.2M | 29.3M | 29.9M | 26.0M | 33.5M | 24.5M | |
Common Stock Total Equity | 39K | 40K | 41K | 42K | 48.3K | 34.3K | |
Liabilities And Stockholders Equity | 172.9M | 186.8M | 216.5M | 227.8M | 216.1M | 146.8M | |
Non Current Liabilities Total | 12.5M | 8.3M | 23.6M | 21.5M | 17.6M | 16.8M | |
Other Current Assets | 6.7M | 13.0M | 10.8M | 10.7M | 11.8M | 12.4M | |
Total Liab | 98.7M | 107.2M | 120.2M | 125.5M | 122.2M | 87.6M | |
Total Current Assets | 65.8M | 85.5M | 94.2M | 77.3M | 70.4M | 65.6M | |
Accumulated Other Comprehensive Income | (785K) | (188K) | (662K) | (1.6M) | (1.2M) | (1.2M) | |
Common Stock | 39K | 40K | 41K | 42K | 44K | 35.2K | |
Other Liab | 767K | 2.8M | 786K | 981K | 1.1M | 1.6M | |
Intangible Assets | 13.9M | 10.5M | 9.3M | 10.3M | 6.4M | 10.2M | |
Property Plant Equipment | 12.1M | 16.0M | 45.4M | 39.7M | 45.6M | 47.9M | |
Short Long Term Debt Total | 17.9M | 9.8M | 25.4M | 24.7M | 21.8M | 11.0M | |
Inventory | 5.2M | 5.8M | 7.8M | 8.7M | 6.6M | 5.0M | |
Short Term Debt | 6.2M | 4.3M | 2.6M | 4.2M | 4.5M | 2.6M | |
Net Tangible Assets | (654K) | 8.2M | 26.1M | 17.2M | 15.5M | 12.8M | |
Retained Earnings Total Equity | (200.6M) | (206.4M) | (201.0M) | (210.1M) | (189.1M) | (198.5M) | |
Capital Surpluse | 276.4M | 287.1M | 298.8M | 314.8M | 362.0M | 267.7M | |
Non Current Liabilities Other | 767K | 2.8M | 786K | 981K | 207K | 196.7K |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Brightcove in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Brightcove's short interest history, or implied volatility extrapolated from Brightcove options trading.
Pair Trading with Brightcove
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 Brightcove 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 Brightcove will appreciate offsetting losses from the drop in the long position's value.Moving together with Brightcove Stock
0.9 | U | Unity Software Aggressive Push | PairCorr |
0.79 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Moving against Brightcove Stock
0.82 | ML | MoneyLion Downward Rally | PairCorr |
0.72 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
0.63 | VERX | Vertex Financial Report 8th of May 2024 | PairCorr |
0.52 | DSGX | Descartes Systems Financial Report 29th of May 2024 | PairCorr |
0.46 | DJCO | Daily Journal Corp | PairCorr |
The ability to find closely correlated positions to Brightcove could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brightcove 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 Brightcove - 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 Brightcove to buy it.
The correlation of Brightcove 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 Brightcove moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brightcove 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 Brightcove 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Brightcove. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Brightcove Stock please use our How to Invest in Brightcove guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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Is Brightcove's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Brightcove. If investors know Brightcove will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Brightcove listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.79) | Earnings Share (0.53) | Revenue Per Share 4.665 | Quarterly Revenue Growth 0.019 | Return On Assets (0.05) |
The market value of Brightcove is measured differently than its book value, which is the value of Brightcove that is recorded on the company's balance sheet. Investors also form their own opinion of Brightcove's value that differs from its market value or its book value, called intrinsic value, which is Brightcove's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Brightcove's market value can be influenced by many factors that don't directly affect Brightcove's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Brightcove's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brightcove is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brightcove's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.