Denison Net Income vs Income Tax Expense Analysis
DNN Stock | USD 2.01 0.01 0.50% |
Denison Mines financial indicator trend analysis is much more than just examining Denison Mines Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Denison Mines Corp is a good investment. Please check the relationship between Denison Mines Net Income and its Income Tax Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines 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 board of governors.
Net Income vs Income Tax Expense
Net Income vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Denison Mines Corp Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Denison Mines' Net Income and Income Tax Expense is -0.2. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Denison Mines Corp, assuming nothing else is changed. The correlation between historical values of Denison Mines' Net Income 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 Net Income of Denison Mines Corp 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 Net Income i.e., Denison Mines' Net Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.2 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Denison Mines Corp financial statement analysis. It represents the amount of money remaining after all of Denison Mines Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Income Tax Expense
Most indicators from Denison Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Denison Mines 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines 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 board of governors. At this time, Denison Mines' Issuance Of Capital Stock is very stable compared to the past year. As of the 19th of April 2024, Sales General And Administrative To Revenue is likely to grow to 7.79, while Selling General Administrative is likely to drop about 10.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 30.7M | 43.2M | 16.8M | 22.8M | Cost Of Revenue | 12.6M | 11.4M | 33.9M | 25.0M |
Denison Mines fundamental ratios Correlations
Click cells to compare fundamentals
Denison Mines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Denison Mines fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 300.0M | 320.7M | 510.3M | 515.8M | 791.9M | 421.3M | |
Other Current Liab | 2.0M | 944K | 8.3M | 7.9M | 8.2M | 7.2M | |
Total Current Liabilities | 14.9M | 11.8M | 16.4M | 18.4M | 17.9M | 14.4M | |
Total Stockholder Equity | 210.1M | 227.3M | 396.7M | 436.0M | 641.8M | 328.0M | |
Property Plant And Equipment Net | 257.3M | 256.9M | 254.5M | 253.5M | 254.9M | 290.8M | |
Net Debt | (7.2M) | (24.4M) | (63.5M) | (50.3M) | (130.6M) | (124.1M) | |
Accounts Payable | 7.9M | 7.2M | 3.2M | 5.4M | 5.0M | 7.0M | |
Cash | 8.2M | 25.0M | 64.0M | 50.9M | 131.1M | 137.6M | |
Non Current Assets Total | 283.5M | 271.3M | 423.4M | 448.6M | 643.4M | 360.2M | |
Non Currrent Assets Other | 14.1M | 14.1M | 14.3M | 13.2M | 2.1M | 2.0M | |
Other Assets | 14.1M | 14.1M | 14.3M | 13.2M | 1.0 | 0.95 | |
Cash And Short Term Investments | 8.2M | 41.6M | 78.4M | 58.9M | 141.5M | 148.5M | |
Net Receivables | 4.0M | 3.4M | 3.7M | 4.1M | 1.9M | 1.8M | |
Common Stock Shares Outstanding | 590.3M | 628.4M | 793.7M | 828.7M | 854.0M | 896.7M | |
Liabilities And Stockholders Equity | 300.0M | 320.7M | 510.3M | 515.8M | 791.9M | 415.6M | |
Non Current Liabilities Total | 74.9M | 81.6M | 97.2M | 61.4M | 132.2M | 78.6M | |
Inventory | 3.4M | 3.0M | 3.5M | 2.7M | 3.6M | 3.4M | |
Other Current Assets | 978K | 1.4M | 1.3M | 1.4M | 1.6M | 1.0M | |
Other Stockholder Equity | 65.9M | 67.4M | 67.5M | 70.3M | 69.8M | 66.3M | |
Total Liab | 89.8M | 93.4M | 113.6M | 79.8M | 150.1M | 93.0M | |
Property Plant And Equipment Gross | 257.3M | 256.9M | 286.4M | 289.1M | 294.3M | 294.0M | |
Total Current Assets | 16.5M | 49.4M | 86.9M | 67.2M | 148.5M | 156.0M | |
Accumulated Other Comprehensive Income | 1.1M | 1.8M | 1.8M | 1.8M | 1.8M | 1.9M | |
Short Long Term Debt Total | 1.0M | 615K | 508K | 576K | 417K | 396.2K | |
Retained Earnings | (1.2B) | (1.2B) | (1.2B) | (1.2B) | (1.1B) | (1.0B) | |
Other Liab | 74.4M | 81.2M | 96.9M | 61.0M | 70.2M | 40.1M | |
Net Tangible Assets | 210.1M | 227.3M | 396.7M | 436.0M | 501.4M | 526.5M | |
Long Term Debt | 28K | 24K | 39K | 125K | 112.5K | 106.9K | |
Common Stock Total Equity | 1.4B | 1.3B | 1.3B | 1.4B | 1.6B | 1.7B | |
Long Term Investments | 12.1M | 293K | 154.6M | 181.9M | 309.8M | 325.3M | |
Short Term Debt | 470K | 240K | 179K | 216K | 213K | 376.1K | |
Common Stock | 1.3B | 1.4B | 1.5B | 1.5B | 1.7B | 960.2M | |
Property Plant Equipment | 257.3M | 256.9M | 254.5M | 253.5M | 291.5M | 305.6M | |
Current Deferred Revenue | 4.6M | 3.5M | 4.7M | 4.9M | 4.5M | 4.1M | |
Long Term Debt Total | 532K | 375K | 329K | 360K | 414K | 434.7K | |
Capital Surpluse | 65.4M | 67.4M | 67.5M | 70.3M | 80.8M | 71.9M |
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 Denison Mines 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, Denison Mines' short interest history, or implied volatility extrapolated from Denison Mines options trading.
Pair Trading with Denison Mines
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 Denison Mines 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 Denison Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Denison Stock
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The ability to find closely correlated positions to Denison Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Denison Mines 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 Denison Mines - 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 Denison Mines Corp to buy it.
The correlation of Denison Mines 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 Denison Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Denison Mines 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 Denison Mines 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines 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 board of governors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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When running Denison Mines' price analysis, check to measure Denison Mines' 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 Denison Mines is operating at the current time. Most of Denison Mines' value examination focuses on studying past and present price action to predict the probability of Denison Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Denison Mines' price. Additionally, you may evaluate how the addition of Denison Mines to your portfolios can decrease your overall portfolio volatility.
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Is Denison Mines' 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 Denison Mines. If investors know Denison 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 Denison Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.07 | Revenue Per Share 0.002 | Quarterly Revenue Growth (0.09) | Return On Assets (0.05) | Return On Equity 0.1658 |
The market value of Denison Mines Corp is measured differently than its book value, which is the value of Denison that is recorded on the company's balance sheet. Investors also form their own opinion of Denison Mines' value that differs from its market value or its book value, called intrinsic value, which is Denison Mines' 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 Denison Mines' market value can be influenced by many factors that don't directly affect Denison Mines' 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 Denison Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison Mines' 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.