Clarus Income Tax Expense vs Gross Profit Analysis
CLAR Stock | USD 6.15 0.08 1.32% |
Clarus Corp financial indicator trend analysis is way more than just evaluating Clarus Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clarus Corp is a good investment. Please check the relationship between Clarus Corp Income Tax Expense and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clarus Corp. 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. To learn how to invest in Clarus Stock, please use our How to Invest in Clarus Corp guide.
Income Tax Expense vs Gross Profit
Income Tax Expense vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clarus Corp Income Tax Expense account and Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Clarus Corp's Income Tax Expense and Gross Profit is -0.34. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Clarus Corp, assuming nothing else is changed. The correlation between historical values of Clarus Corp's Income Tax Expense 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 Income Tax Expense of Clarus Corp 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 Income Tax Expense i.e., Clarus Corp's Income Tax Expense and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.34 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Income Tax Expense
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Clarus Corp minus its cost of goods sold. It is profit before Clarus Corp 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 Clarus Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clarus Corp 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 Clarus Corp. 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. To learn how to invest in Clarus Stock, please use our How to Invest in Clarus Corp guide.At this time, Clarus Corp's Selling General Administrative is relatively stable compared to the past year. As of 04/24/2024, Discontinued Operations is likely to grow to about 13.7 M, while Issuance Of Capital Stock is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 136.9M | 163.4M | 97.5M | 50.9M | Total Revenue | 375.8M | 448.1M | 286.0M | 166.8M |
Clarus Corp fundamental ratios Correlations
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Clarus Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clarus Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 230.3M | 280.7M | 631.8M | 518.1M | 495.3M | 520.1M | |
Short Long Term Debt Total | 22.7M | 34.6M | 141.5M | 139.0M | 136.0M | 142.8M | |
Other Current Liab | (562K) | 956K | 31.9M | 19.7M | 27.1M | 28.5M | |
Total Current Liabilities | 24.6M | 39.6M | 73.0M | 64.6M | 170.9M | 179.5M | |
Total Stockholder Equity | 181.2M | 204.6M | 370.2M | 292.1M | 292.1M | 178.1M | |
Property Plant And Equipment Net | 22.9M | 27.0M | 42.8M | 43.0M | 16.6M | 14.0M | |
Net Debt | 21.0M | 16.8M | 122.1M | 127.0M | 124.7M | 130.9M | |
Retained Earnings | (288.6M) | (286.1M) | (263.3M) | (336.8M) | (350.7M) | (368.3M) | |
Accounts Payable | 24.3M | 34.7M | 31.5M | 27.1M | 20.0M | 16.5M | |
Cash | 1.7M | 17.8M | 19.5M | 12.1M | 11.3M | 10.8M | |
Non Current Assets Total | 109.4M | 138.6M | 404.9M | 279.5M | 195.6M | 104.2M | |
Non Currrent Assets Other | 3.0M | 6.8M | 19.6M | 17.5M | 16.8M | 17.7M | |
Cash And Short Term Investments | 1.7M | 17.8M | 19.5M | 12.1M | 11.3M | 10.8M | |
Net Receivables | 42.0M | 50.6M | 66.3M | 69.6M | 54.9M | 57.6M | |
Common Stock Shares Outstanding | 31.1M | 31.2M | 35.7M | 37.2M | 37.5M | 26.0M | |
Liabilities And Stockholders Equity | 230.3M | 280.7M | 631.8M | 518.1M | 495.3M | 520.1M | |
Non Current Liabilities Total | 24.5M | 36.5M | 188.7M | 161.4M | 32.3M | 33.8M | |
Other Current Assets | 3.8M | 5.4M | 11.8M | 9.9M | 4.9M | 4.0M | |
Other Stockholder Equity | 470.1M | 490.2M | 638.6M | 646.6M | 658.3M | 458.4M | |
Total Liab | 49.1M | 76.1M | 261.7M | 226.0M | 203.2M | 213.4M | |
Property Plant And Equipment Gross | 22.9M | 27.0M | 72.6M | 79.5M | 43.0M | 45.1M | |
Total Current Assets | 120.9M | 142.1M | 226.9M | 238.6M | 299.7M | 314.7M | |
Accumulated Other Comprehensive Income | (303K) | 500K | (5.1M) | (17.7M) | (15.4M) | (14.6M) | |
Short Term Debt | 681K | 4M | 9.6M | 12.0M | 123.0M | 129.1M | |
Intangible Assets | 57.4M | 66.9M | 202.0M | 138.2M | 100.0M | 59.0M | |
Inventory | 73.4M | 68.4M | 129.4M | 147.1M | 91.4M | 54.7M | |
Other Liab | 1.3M | 5.9M | 56.7M | 21.5M | 24.8M | 26.0M | |
Net Tangible Assets | 105.7M | 110.9M | 50.1M | 91.0M | 104.6M | 85.7M | |
Other Assets | 9.7M | 65.5M | 42.0M | 20.2M | 23.2M | 24.4M | |
Long Term Debt | 22.7M | 30.6M | 131.9M | 127.1M | 146.1M | 153.5M | |
Retained Earnings Total Equity | (304.6M) | (288.6M) | (286.1M) | (263.3M) | (237.0M) | (248.9M) | |
Deferred Long Term Liab | 2.9M | 1.2M | 1.2M | 35.3M | 40.6M | 42.6M | |
Treasury Stock | (18.1M) | (22.3M) | (23.8M) | (24.4M) | (22.0M) | (20.9M) | |
Property Plant Equipment | 22.9M | 27.0M | 42.8M | 58.2M | 66.9M | 70.3M |
Pair Trading with Clarus Corp
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 Clarus Corp 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 Clarus Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Clarus Stock
0.62 | VMAR | Vision Marine Techno Financial Report 11th of July 2024 | PairCorr |
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0.44 | FORD | Forward Industries | PairCorr |
The ability to find closely correlated positions to Clarus Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clarus Corp 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 Clarus Corp - 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 Clarus Corp to buy it.
The correlation of Clarus Corp 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 Clarus Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clarus Corp 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 Clarus Corp 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 Clarus Corp. 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. To learn how to invest in Clarus Stock, please use our How to Invest in Clarus Corp guide.Note that the Clarus Corp information on this page should be used as a complementary analysis to other Clarus Corp'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 Transaction History module to view history of all your transactions and understand their impact on performance.
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Is Clarus Corp'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 Clarus Corp. If investors know Clarus 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 Clarus Corp 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 (0.69) | Dividend Share 0.1 | Earnings Share (0.42) | Revenue Per Share 7.63 | Quarterly Revenue Growth (0.14) |
The market value of Clarus Corp is measured differently than its book value, which is the value of Clarus that is recorded on the company's balance sheet. Investors also form their own opinion of Clarus Corp's value that differs from its market value or its book value, called intrinsic value, which is Clarus Corp'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 Clarus Corp's market value can be influenced by many factors that don't directly affect Clarus Corp'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 Clarus Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clarus Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clarus Corp'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.