Blue Net Income vs Gross Profit Analysis
| BHAT Stock | USD 1.23 0.07 6.03% |
Blue Hat financial indicator trend analysis is way more than just evaluating Blue Hat Interactive prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Hat Interactive is a good investment. Please check the relationship between Blue Hat Net Income and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Hat Interactive. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Net Income vs Gross Profit
Net Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Hat Interactive Net Income account and Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Blue Hat's Net Income and Gross Profit is 0.56. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Blue Hat Interactive, assuming nothing else is changed. The correlation between historical values of Blue Hat's Net Income and Gross Profit 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 Blue Hat Interactive are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Net Income i.e., Blue Hat's Net Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.56 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Blue Hat Interactive financial statement analysis. It represents the amount of money remaining after all of Blue Hat Interactive operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Blue Hat Interactive minus its cost of goods sold. It is profit before Blue Hat 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.Most indicators from Blue Hat's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Hat Interactive 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 Blue Hat Interactive. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Selling General Administrative is likely to gain to about 8.6 M in 2024, whereas Discontinued Operations is likely to drop slightly above 939.1 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.5M | 4.0M | 3.6M | 3.4M | Total Revenue | 15.2M | 7.4M | 6.6M | 6.3M |
Blue Hat fundamental ratios Correlations
Click cells to compare fundamentals
Blue Hat Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Blue Hat fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 59.3M | 75.7M | 36.5M | 34.3M | 39.4M | 46.5M | |
| Other Current Liab | 7.0M | 8.7M | 14.9M | 14.3M | 16.5M | 17.3M | |
| Total Current Liabilities | 13.2M | 16.7M | 18.3M | 17.4M | 15.7M | 12.3M | |
| Total Stockholder Equity | 45.4M | 58.8M | 15.2M | 12.1M | 13.9M | 13.2M | |
| Net Tangible Assets | 24.0M | 38.0M | 44.6M | 8.3M | 9.5M | 9.0M | |
| Retained Earnings | 24.1M | 31.4M | (25.7M) | (35.1M) | (31.6M) | (30.0M) | |
| Accounts Payable | 294.0K | 935.6K | 959.2K | 885.5K | 797.0K | 757.1K | |
| Cash | 10.5M | 15.8M | 135.6K | 76.5K | 68.9K | 65.4K | |
| Non Current Assets Total | 16.1M | 25.0M | 14.8M | 12.7M | 14.7M | 11.4M | |
| Non Currrent Assets Other | 4.4M | 4.2M | 1.7M | 2.5M | 2.9M | 2.2M | |
| Other Assets | 3.6M | (1.0) | 4.3M | 1.7M | 2.0M | 1.7M | |
| Long Term Debt | 13.3K | 505.8K | 517.6K | 2.3M | 2.7M | 2.8M | |
| Cash And Short Term Investments | 10.5M | 15.8M | 135.6K | 76.5K | 68.9K | 65.4K | |
| Net Receivables | 27.3M | 32.9M | 6.1M | 7.2M | 6.5M | 12.0M | |
| Common Stock Shares Outstanding | 3.5M | 4.0M | 5.1M | 7.6M | 8.8M | 9.2M | |
| Liabilities And Stockholders Equity | 59.3M | 75.7M | 36.5M | 34.3M | 39.4M | 37.8M | |
| Non Current Liabilities Total | 741.9K | 300.5K | 579.6K | 2.3M | 2.7M | 2.8M | |
| Capital Lease Obligations | 685.5K | 300.5K | 159.1K | 42.3K | 48.6K | 46.2K | |
| Inventory | 125.3K | 117.1K | 108.6K | 12.4M | 14.3M | 15.0M | |
| Other Current Assets | 5.3M | 1.9M | 15.4M | 1.8M | 2.1M | 4.2M | |
| Other Stockholder Equity | 21.4M | 23.5M | 36.3M | 44.1M | 50.8M | 53.3M | |
| Total Liab | 14.0M | 16.7M | 18.9M | 19.7M | 17.8M | 12.7M | |
| Long Term Investments | 1.7M | 1.9M | 1.9M | 1.7M | 2.0M | 1.2M | |
| Property Plant And Equipment Gross | 3.0M | 4.5M | 5.5M | 5.1M | 5.9M | 6.2M | |
| Short Long Term Debt | 5.9M | 5.9M | 860.9K | 1.3M | 1.5M | 2.9M | |
| Total Current Assets | 43.2M | 50.7M | 21.7M | 21.5M | 19.4M | 25.0M | |
| Accumulated Other Comprehensive Income | (163.6K) | 3.9M | 4.6M | 3.0M | 3.4M | 1.8M | |
| Short Term Debt | 5.9M | 6.2M | 958.0K | 1.3M | 1.5M | 1.4M | |
| Intangible Assets | 6.8M | 14.3M | 6.9M | 4.7M | 5.3M | 6.2M | |
| Common Stock | 35.1K | 38.6K | 53.8K | 98.9K | 89.1K | 84.6K | |
| Property Plant Equipment | 208.9K | 3.0M | 4.5M | 4.3M | 5.0M | 5.2M | |
| Short Long Term Debt Total | 6.6M | 6.2M | 1.5M | 3.6M | 3.3M | 3.3M | |
| Property Plant And Equipment Net | 3.1M | 4.5M | 4.3M | 3.9M | 4.5M | 3.0M | |
| Net Debt | (3.8M) | (9.6M) | 1.4M | 3.5M | 4.1M | 4.3M | |
| Net Invested Capital | 50.7M | 64.7M | 16.6M | 15.7M | 14.1M | 27.3M | |
| Net Working Capital | 29.0M | 34.0M | 3.4M | 4.1M | 3.7M | 3.5M |
Pair Trading with Blue Hat
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 Blue Hat 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 Blue Hat will appreciate offsetting losses from the drop in the long position's value.Moving against Blue Stock
| 0.44 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Blue Hat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Hat 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 Blue Hat - 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 Blue Hat Interactive to buy it.
The correlation of Blue Hat 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 Blue Hat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Hat Interactive 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 Blue Hat 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 Blue Hat Interactive. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Blue Hat Interactive information on this page should be used as a complementary analysis to other Blue Hat'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Blue Stock analysis
When running Blue Hat's price analysis, check to measure Blue Hat'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 Blue Hat is operating at the current time. Most of Blue Hat's value examination focuses on studying past and present price action to predict the probability of Blue Hat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blue Hat's price. Additionally, you may evaluate how the addition of Blue Hat to your portfolios can decrease your overall portfolio volatility.
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Is Blue Hat'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 Blue Hat. If investors know Blue 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 Blue Hat 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 (0.15) | Earnings Share (1.55) | Revenue Per Share 4.963 | Quarterly Revenue Growth 12.693 | Return On Assets (0.18) |
The market value of Blue Hat Interactive is measured differently than its book value, which is the value of Blue that is recorded on the company's balance sheet. Investors also form their own opinion of Blue Hat's value that differs from its market value or its book value, called intrinsic value, which is Blue Hat'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 Blue Hat's market value can be influenced by many factors that don't directly affect Blue Hat'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 Blue Hat's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blue Hat is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blue Hat'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.