Belden Gross Profit vs Income Tax Expense Analysis

BDC Stock  USD 93.21  1.60  1.75%   
Belden financial indicator trend analysis is way more than just evaluating Belden Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Belden Inc is a good investment. Please check the relationship between Belden Gross Profit and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Belden Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

Gross Profit vs Income Tax Expense

Gross Profit vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Belden Inc Gross Profit account and Income Tax Expense. At this time, the significance of the direction appears to have very week relationship.
The correlation between Belden's Gross Profit and Income Tax Expense is 0.21. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Belden Inc, assuming nothing else is changed. The correlation between historical values of Belden's Gross Profit 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 Gross Profit of Belden Inc 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 Gross Profit i.e., Belden's Gross Profit and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.21
Relationship DirectionPositive 
Relationship StrengthVery Weak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Belden Inc minus its cost of goods sold. It is profit before Belden operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Income Tax Expense

Most indicators from Belden's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Belden Inc 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 Belden Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
At present, Belden's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Gross Profit854.4M916.3M916.3M534.8M
Total Revenue2.4B2.6B2.5B1.6B

Belden fundamental ratios Correlations

0.930.540.930.890.740.760.650.850.70.960.310.70.920.930.690.930.730.430.660.970.120.880.20.770.72
0.930.490.790.670.620.890.50.660.630.930.450.630.770.890.621.00.550.330.460.980.010.750.140.810.6
0.540.490.730.340.690.530.30.650.150.480.020.150.560.480.440.520.660.440.170.60.220.54-0.510.160.48
0.930.790.730.840.830.650.610.930.590.860.10.590.920.840.670.810.850.510.640.890.210.880.050.560.71
0.890.670.340.840.660.450.750.830.690.820.160.690.90.790.590.670.730.410.760.750.210.840.360.660.68
0.740.620.690.830.660.430.610.830.60.610.140.60.770.550.720.640.920.730.390.720.530.83-0.030.230.85
0.760.890.530.650.450.430.380.450.220.870.380.220.580.860.420.90.350.220.260.86-0.050.43-0.090.810.42
0.650.50.30.610.750.610.380.620.440.610.180.440.720.560.430.490.650.770.360.540.690.60.180.520.75
0.850.660.650.930.830.830.450.620.670.730.170.670.940.70.650.680.940.590.610.770.250.88-0.020.420.69
0.70.630.150.590.690.60.220.440.670.510.311.00.670.450.620.620.590.340.540.640.110.890.440.360.58
0.960.930.480.860.820.610.870.610.730.510.320.510.850.980.590.930.60.340.610.950.040.710.170.870.61
0.310.450.020.10.160.140.380.180.170.310.320.310.370.170.590.440.150.07-0.050.36-0.080.23-0.170.520.43
0.70.630.150.590.690.60.220.440.671.00.510.310.670.450.620.620.590.340.540.640.110.890.440.360.58
0.920.770.560.920.90.770.580.720.940.670.850.370.670.790.730.770.860.550.60.840.220.870.070.660.77
0.930.890.480.840.790.550.860.560.70.450.980.170.450.790.480.890.550.30.660.910.00.650.190.820.51
0.690.620.440.670.590.720.420.430.650.620.590.590.620.730.480.650.660.420.530.680.230.740.050.450.87
0.931.00.520.810.670.640.90.490.680.620.930.440.620.770.890.650.570.340.480.990.010.750.120.790.62
0.730.550.660.850.730.920.350.650.940.590.60.150.590.860.550.660.570.760.440.670.460.82-0.140.260.76
0.430.330.440.510.410.730.220.770.590.340.340.070.340.550.30.420.340.760.110.40.820.5-0.110.080.69
0.660.460.170.640.760.390.260.360.610.540.61-0.050.540.60.660.530.480.440.110.54-0.040.610.440.430.42
0.970.980.60.890.750.720.860.540.770.640.950.360.640.840.910.680.990.670.40.540.070.820.10.760.67
0.120.010.220.210.210.53-0.050.690.250.110.04-0.080.110.220.00.230.010.460.82-0.040.070.240.0-0.130.62
0.880.750.540.880.840.830.430.60.880.890.710.230.890.870.650.740.750.820.50.610.820.240.230.450.75
0.20.14-0.510.050.36-0.03-0.090.18-0.020.440.17-0.170.440.070.190.050.12-0.14-0.110.440.10.00.230.230.08
0.770.810.160.560.660.230.810.520.420.360.870.520.360.660.820.450.790.260.080.430.76-0.130.450.230.43
0.720.60.480.710.680.850.420.750.690.580.610.430.580.770.510.870.620.760.690.420.670.620.750.080.43
Click cells to compare fundamentals

Belden Account Relationship Matchups

Belden fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.4B3.1B3.4B3.2B3.2B2.0B
Short Long Term Debt Total1.5B1.6B1.5B1.2B1.3B801.5M
Other Current Liab385.8M208.4M255.0M246.8M247.6M132.8M
Total Current Liabilities722.5M520.8M718.5M639.9M633.5M378.0M
Total Stockholder Equity959.8M750.6M955.3M1.1B1.2B731.7M
Property Plant And Equipment Net408.2M423.4M429.3M455.2M546.0M302.0M
Net Debt1.1B1.1B883.5M549.6M707.1M489.8M
Retained Earnings518.0M450.9M505.7M751.5M985.8M1.0B
Accounts Payable268.5M244.1M384.2M350.1M343.2M181.6M
Cash407.5M502.0M643.8M687.7M597.0M311.6M
Non Current Assets Total2.0B2.0B2.0B1.6B1.8B1.2B
Non Currrent Assets Other12.4M49.4M34.9M46.5M45.0M37.1M
Cash And Short Term Investments407.5M502.0M643.8M687.7M597.0M311.6M
Net Receivables334.6M296.8M412.2M440.1M413.8M271.0M
Good Will1.2B1.3B1.2B862.3M907.3M606.7M
Common Stock Shares Outstanding42.4M44.9M45.4M44.5M42.9M40.3M
Liabilities And Stockholders Equity3.4B3.1B3.4B3.2B3.2B2.0B
Non Current Liabilities Total1.7B1.9B1.7B1.4B1.4B910.7M
Inventory231.3M247.3M345.4M341.6M367.0M213.0M
Other Current Assets29.2M52.3M65.7M66.9M79.1M83.1M
Other Stockholder Equity504.8M491.1M519.6M396.9M221.2M356.3M
Total Liab2.4B2.4B2.5B2.0B2.1B1.3B
Property Plant And Equipment Gross408.2M423.4M429.3M455.2M1.2B1.2B
Total Current Assets1.4B1.1B1.5B1.5B1.5B851.7M
Accumulated Other Comprehensive Income(63.4M)(191.9M)(70.6M)(5.9M)(41.3M)(43.3M)
Short Term Debt14.1M14.8M18.3M16.8M18.9M34.0M
Intangible Assets339.5M287.1M301.7M246.8M269.1M248.6M
Other Liab223.3M241.8M215.8M151.5M174.2M147.5M
Other Assets37.2M78.9M67.2M61.1M1.00.95
Long Term Debt1.4B1.6B1.5B1.2B1.2B982.9M
Treasury Stock(599.8M)(307.2M)(332.6M)(314.0M)(282.6M)(296.7M)
Property Plant Equipment345.9M368.6M429.3M455.2M523.5M363.3M
Current Deferred Revenue54.3M53.4M60.9M26.2M23.7M22.5M
Net Tangible Assets(567.7M)(742.0M)(498.9M)93.2M83.9M88.1M
Noncontrolling Interest In Consolidated Entity6.0M6.5M795K939K1.1M1.5M
Retained Earnings Total Equity518.0M450.9M505.7M751.5M864.3M614.0M
Long Term Debt Total1.4B1.6B1.5B1.2B1.3B1.5B

Pair Trading with Belden

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 Belden 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 Belden will appreciate offsetting losses from the drop in the long position's value.

Moving together with Belden Stock

  0.7MINM Minim Inc Report 3rd of April 2024 PairCorr

Moving against Belden Stock

  0.86MITQ Moving IMage TechnologiesPairCorr
  0.74UI Ubiquiti Networks Financial Report 3rd of May 2024 PairCorr
  0.74EMKR EMCORE Financial Report 2nd of May 2024 PairCorr
  0.65FKWL Franklin Wireless CorpPairCorr
  0.63KN Knowles Cor Financial Report 25th of April 2024 PairCorr
The ability to find closely correlated positions to Belden could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Belden 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 Belden - 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 Belden Inc to buy it.
The correlation of Belden 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 Belden moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Belden Inc 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 Belden 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.
Pair CorrelationCorrelation Matching
When determining whether Belden Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Belden's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Belden Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Belden Inc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Belden Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Belden Inc information on this page should be used as a complementary analysis to other Belden's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for Belden Stock analysis

When running Belden's price analysis, check to measure Belden'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 Belden is operating at the current time. Most of Belden's value examination focuses on studying past and present price action to predict the probability of Belden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Belden's price. Additionally, you may evaluate how the addition of Belden to your portfolios can decrease your overall portfolio volatility.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Equity Valuation
Check real value of public entities based on technical and fundamental data
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Is Belden'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 Belden. If investors know Belden 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 Belden 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
(0.36)
Dividend Share
0.2
Earnings Share
5.66
Revenue Per Share
59.476
Quarterly Revenue Growth
(0.16)
The market value of Belden Inc is measured differently than its book value, which is the value of Belden that is recorded on the company's balance sheet. Investors also form their own opinion of Belden's value that differs from its market value or its book value, called intrinsic value, which is Belden'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 Belden's market value can be influenced by many factors that don't directly affect Belden'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 Belden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Belden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Belden'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.