First Operating Income vs Selling And Marketing Expenses Analysis

FCAP Stock  USD 36.35  0.40  1.09%   
First Capital financial indicator trend analysis is much more than just examining First Capital latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Capital is a good investment. Please check the relationship between First Capital Operating Income and its Selling And Marketing Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in First Stock, please use our How to Invest in First Capital guide.

Operating Income vs Selling And Marketing Expenses

Operating Income vs Selling And Marketing Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Capital Operating Income account and Selling And Marketing Expenses. At this time, the significance of the direction appears to have almost no relationship.
The correlation between First Capital's Operating Income and Selling And Marketing Expenses is 0.19. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of First Capital, assuming nothing else is changed. The correlation between historical values of First Capital's Operating Income and Selling And Marketing Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of First Capital are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Operating Income i.e., First Capital's Operating Income and Selling And Marketing Expenses go up and down completely randomly.

Correlation Coefficient

0.19
Relationship DirectionPositive 
Relationship StrengthInsignificant

Operating Income

Operating Income is the amount of profit realized from First Capital operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of First Capital is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Selling And Marketing Expenses

Most indicators from First Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Capital 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 First Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in First Stock, please use our How to Invest in First Capital guide.As of 10/31/2024, Selling General Administrative is likely to drop to about 8.8 M. In addition to that, Tax Provision is likely to drop to about 1.7 M
 2021 2022 2023 2024 (projected)
Interest Expense1.1M1.6M9.0M4.5M
Depreciation And Amortization1.1M1.1M1.0M1.1M

First Capital fundamental ratios Correlations

-0.220.20.940.83-0.620.810.80.33-0.550.050.610.950.790.270.70.20.79-0.25-0.190.790.340.790.050.360.86
-0.220.71-0.28-0.190.610.14-0.270.60.50.23-0.75-0.06-0.060.65-0.320.530.190.630.730.06-0.510.06-0.29-0.120.07
0.20.710.130.040.360.64-0.030.95-0.050.01-0.560.390.170.990.050.60.620.640.40.24-0.670.25-0.120.290.53
0.94-0.280.130.88-0.670.740.830.33-0.510.00.570.860.810.240.68-0.040.65-0.32-0.240.80.310.80.10.320.75
0.83-0.190.040.88-0.720.660.890.19-0.240.310.610.750.940.110.550.120.57-0.42-0.270.930.530.93-0.130.00.68
-0.620.610.36-0.67-0.72-0.32-0.890.210.23-0.2-0.81-0.42-0.580.31-0.550.13-0.230.80.74-0.55-0.69-0.550.070.04-0.37
0.810.140.640.740.66-0.320.590.69-0.52-0.020.240.870.740.690.450.460.950.02-0.030.7-0.040.710.040.430.96
0.8-0.27-0.030.830.89-0.890.590.12-0.190.30.670.660.780.030.640.10.49-0.58-0.460.790.550.79-0.220.050.62
0.330.60.950.330.190.210.690.12-0.11-0.01-0.420.450.280.970.230.450.670.530.290.33-0.580.330.00.360.62
-0.550.5-0.05-0.51-0.240.23-0.52-0.19-0.110.65-0.44-0.54-0.22-0.14-0.380.23-0.510.160.15-0.080.06-0.09-0.45-0.72-0.51
0.050.230.010.00.31-0.2-0.020.3-0.010.650.060.040.35-0.080.10.6-0.05-0.05-0.110.430.460.43-0.51-0.670.05
0.61-0.75-0.560.570.61-0.810.240.67-0.42-0.440.060.420.51-0.510.52-0.180.26-0.74-0.640.40.810.40.170.090.39
0.95-0.060.390.860.75-0.420.870.660.45-0.540.040.420.750.450.640.360.82-0.03-0.020.760.130.76-0.060.430.87
0.79-0.060.170.810.94-0.580.740.780.28-0.220.350.510.750.230.360.270.65-0.29-0.180.940.470.95-0.05-0.070.74
0.270.650.990.240.110.310.690.030.97-0.14-0.08-0.510.450.230.110.50.660.60.380.28-0.670.29-0.080.380.58
0.7-0.320.050.680.55-0.550.450.640.23-0.380.10.520.640.360.110.090.43-0.27-0.30.360.190.36-0.190.520.57
0.20.530.6-0.040.120.130.460.10.450.230.6-0.180.360.270.50.090.50.340.160.35-0.050.35-0.43-0.150.47
0.790.190.620.650.57-0.230.950.490.67-0.51-0.050.260.820.650.660.430.50.070.020.63-0.010.630.150.430.97
-0.250.630.64-0.32-0.420.80.02-0.580.530.16-0.05-0.74-0.03-0.290.6-0.270.340.070.56-0.21-0.74-0.2-0.120.15-0.04
-0.190.730.4-0.24-0.270.74-0.03-0.460.290.15-0.11-0.64-0.02-0.180.38-0.30.160.020.56-0.1-0.49-0.1-0.070.08-0.09
0.790.060.240.80.93-0.550.70.790.33-0.080.430.40.760.940.280.360.350.63-0.21-0.10.451.0-0.14-0.160.7
0.34-0.51-0.670.310.53-0.69-0.040.55-0.580.060.460.810.130.47-0.670.19-0.05-0.01-0.74-0.490.450.440.06-0.470.1
0.790.060.250.80.93-0.550.710.790.33-0.090.430.40.760.950.290.360.350.63-0.2-0.11.00.44-0.14-0.160.7
0.05-0.29-0.120.1-0.130.070.04-0.220.0-0.45-0.510.17-0.06-0.05-0.08-0.19-0.430.15-0.12-0.07-0.140.06-0.140.120.08
0.36-0.120.290.320.00.040.430.050.36-0.72-0.670.090.43-0.070.380.52-0.150.430.150.08-0.16-0.47-0.160.120.43
0.860.070.530.750.68-0.370.960.620.62-0.510.050.390.870.740.580.570.470.97-0.04-0.090.70.10.70.080.43
Click cells to compare fundamentals

First Capital Account Relationship Matchups

First Capital fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets827.5M1.0B1.2B1.2B1.2B628.4M
Total Current Liabilities210K153K97K123K795.5M835.3M
Total Stockholder Equity98.8M110.6M113.8M85.2M105.2M65.6M
Property Plant And Equipment Net16.4M16.0M15.2M14.7M14.4M12.1M
Net Debt(28.8M)(41.5M)(32.2M)(32.7M)(5.6M)(5.3M)
Retained Earnings65.3M72.2M80.1M88.5M97.1M102.0M
Cash28.8M41.6M32.3M32.7M27.1M22.3M
Non Current Assets Total278.3M306.6M471.5M21.5M1.1B1.2B
Non Currrent Assets Other(278.3M)(306.6M)(471.5M)(467.8M)23.6M22.4M
Other Assets262.8M382.5M202.1M594.7M683.9M574.3M
Cash And Short Term Investments283.4M325.1M479.6M530.9M(38.7M)(36.7M)
Net Receivables3.1M3.4M3.4M4.3M4.8M2.6M
Common Stock Shares Outstanding3.3M3.3M3.3M3.4M3.3M3.2M
Liabilities And Stockholders Equity827.5M1.0B1.2B1.2B1.2B628.4M
Non Current Liabilities Total41.2M36.4M31.5M123K257.0M269.9M
Other Stockholder Equity31.4M31.6M32.0M32.4M32.4M23.7M
Total Liab210K153K97K1.1B1.1B1.1B
Property Plant And Equipment Gross16.4M16.0M28.8M29.0M29.3M30.7M
Accounts Payable210K153K97K123K1.2M637.6K
Total Current Assets286.5M328.5M483.0M535.2M47.4M45.0M
Accumulated Other Comprehensive Income2.1M6.8M1.7M(35.7M)(24.3M)(23.1M)
Other Liab1.9M496K7.2M996K896.4K1.7M
Short Term Investments254.6M283.5M447.3M460.8M437.3M459.1M
Inventory(61.1M)(185.7M)(180.8M)(74.3M)33.9M35.6M
Property Plant Equipment16.4M16.0M15.2M14.7M16.9M12.9M
Treasury Stock(8.4M)(8.5M)(8.7M)(8.7M)(7.8M)(8.2M)
Other Current Assets61.1M185.7M180.8M74.3M47.4M45.0M
Intangible Assets819K672K526K379K232K220.4K
Other Current Liab(210K)(153K)(97K)(123K)774.0M812.7M
Net Tangible Assets91.5M103.5M113.8M78.3M90.1M79.4M
Retained Earnings Total Equity65.3M72.2M80.1M88.5M101.7M59.6M
Capital Surpluse40.2M40.7M41.7M41.6M47.9M38.7M
Long Term Investments725.2M283.5M933.0M461.6M444.3M496.0M

Pair Trading with First Capital

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

Moving together with First Stock

  0.76MBCN Middlefield Banc Fiscal Year End 24th of January 2025 PairCorr

Moving against First Stock

  0.36MCBK Madison County FinancialPairCorr
  0.35AX Axos FinancialPairCorr
The ability to find closely correlated positions to First Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Capital 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 First Capital - 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 First Capital to buy it.
The correlation of First Capital 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 First Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Capital 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 First Capital 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

Additional Tools for First Stock Analysis

When running First Capital's price analysis, check to measure First Capital'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 First Capital is operating at the current time. Most of First Capital's value examination focuses on studying past and present price action to predict the probability of First Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Capital's price. Additionally, you may evaluate how the addition of First Capital to your portfolios can decrease your overall portfolio volatility.