RecruiterCom Operating Income vs Ebit Analysis
| RCRT Stock | USD 1.78 0.04 2.30% |
RecruiterCom financial indicator trend analysis is much more than just breaking down RecruiterCom Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RecruiterCom Group is a good investment. Please check the relationship between RecruiterCom Operating Income and its Ebit accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RecruiterCom Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Operating Income vs Ebit
Operating Income vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RecruiterCom Group Operating Income account and Ebit. At this time, the significance of the direction appears to have totally related.
The correlation between RecruiterCom's Operating Income and Ebit is 0.99. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebit in the same time period over historical financial statements of RecruiterCom Group, assuming nothing else is changed. The correlation between historical values of RecruiterCom's Operating Income and Ebit 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 RecruiterCom Group are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Operating Income i.e., RecruiterCom's Operating Income and Ebit go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from RecruiterCom Group 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 RecruiterCom Group 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.Ebit
Most indicators from RecruiterCom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RecruiterCom Group 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in RecruiterCom Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. Sales General And Administrative To Revenue is likely to gain to 2.02 in 2024, whereas Selling General Administrative is likely to drop slightly above 5.3 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 21.7M | 21.1M | 6.9M | 5.8M | Cost Of Revenue | 14.9M | 16.6M | 4.0M | 3.8M |
RecruiterCom fundamental ratios Correlations
Click cells to compare fundamentals
RecruiterCom Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RecruiterCom fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 6.5M | 5.7M | 26.3M | 14.1M | 10.5M | 11.0M | |
| Other Current Liab | 3.5M | 13.2M | 3.8M | 2.3M | 2.1M | 1.5M | |
| Total Current Liabilities | 5.5M | 16.7M | 7.6M | 7.8M | 9.6M | 10.0M | |
| Total Stockholder Equity | 715.4K | (11.1M) | 16.1M | 5.1M | 930.0K | 883.5K | |
| Retained Earnings | (17.5M) | (34.5M) | (50.9M) | (69.3M) | (76.4M) | (72.6M) | |
| Cash | 306.3K | 99.9K | 2.6M | 946.8K | 1.0M | 707.2K | |
| Net Receivables | 864.4K | 984.0K | 5.7M | 3.2M | 418.8K | 397.9K | |
| Total Liab | 5.8M | 16.8M | 10.2M | 9.1M | 9.6M | 10.0M | |
| Total Current Assets | 1.3M | 1.3M | 8.8M | 4.4M | 2.0M | 2.0M | |
| Short Term Debt | 99.3K | 2.0M | 1.7M | 3.7M | 5.6M | 5.9M | |
| Accounts Payable | 1.4M | 1.4M | 1.3M | 1.6M | 1.7M | 1.8M | |
| Intangible Assets | 1.4M | 795.9K | 9.7M | 2.6M | 1.3M | 1.8M | |
| Short Term Investments | 33.9K | 44.8K | 1.4K | 0.0 | 382.1K | 754.0K | |
| Long Term Debt | 77.9K | 73.5K | 2.6M | 1.3M | 1.4M | 980.1K | |
| Short Long Term Debt | 25.9K | 1.9M | 1.7M | 3.7M | 5.6M | 5.9M | |
| Net Tangible Assets | (5.1M) | (4.2M) | (15.4M) | (1.4M) | (1.2M) | (1.3M) |
Pair Trading with RecruiterCom
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 RecruiterCom 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 RecruiterCom will appreciate offsetting losses from the drop in the long position's value.Moving against RecruiterCom Stock
| 0.59 | NL | NL Industries | PairCorr |
| 0.54 | MG | Mistras Group | PairCorr |
| 0.51 | VCIG | VCI Global Limited | PairCorr |
| 0.51 | CIX | CompX International | PairCorr |
| 0.44 | FC | Franklin Covey Financial Report 26th of June 2024 | PairCorr |
The ability to find closely correlated positions to RecruiterCom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RecruiterCom 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 RecruiterCom - 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 RecruiterCom Group to buy it.
The correlation of RecruiterCom 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 RecruiterCom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RecruiterCom Group 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 RecruiterCom 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in RecruiterCom Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for RecruiterCom Stock analysis
When running RecruiterCom's price analysis, check to measure RecruiterCom'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 RecruiterCom is operating at the current time. Most of RecruiterCom's value examination focuses on studying past and present price action to predict the probability of RecruiterCom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RecruiterCom's price. Additionally, you may evaluate how the addition of RecruiterCom to your portfolios can decrease your overall portfolio volatility.
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Is RecruiterCom'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 RecruiterCom. If investors know RecruiterCom 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 RecruiterCom listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.45) | Revenue Per Share 0.784 | Quarterly Revenue Growth (0.93) | Return On Assets (0.33) | Return On Equity (1.83) |
The market value of RecruiterCom Group is measured differently than its book value, which is the value of RecruiterCom that is recorded on the company's balance sheet. Investors also form their own opinion of RecruiterCom's value that differs from its market value or its book value, called intrinsic value, which is RecruiterCom'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 RecruiterCom's market value can be influenced by many factors that don't directly affect RecruiterCom'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 RecruiterCom's value and its price as these two are different measures arrived at by different means. Investors typically determine if RecruiterCom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RecruiterCom'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.