Red Other Current Liab vs Current Deferred Revenue Analysis

RDVT Stock  USD 20.39  1.26  5.82%   
Red Violet financial indicator trend analysis is much more than just breaking down Red Violet prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Violet is a good investment. Please check the relationship between Red Violet Other Current Liab and its Current Deferred Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.

Other Current Liab vs Current Deferred Revenue

Other Current Liab vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Violet Other Current Liab account and Current Deferred Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Red Violet's Other Current Liab and Current Deferred Revenue is -0.03. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Red Violet, assuming nothing else is changed. The correlation between historical values of Red Violet's Other Current Liab and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Red Violet are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Other Current Liab i.e., Red Violet's Other Current Liab and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.03
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Liab

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from Red Violet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Violet 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 Red Violet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.At this time, Red Violet's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 24.14 in 2024, despite the fact that Tax Provision is likely to grow to (9.2 M).
 2021 2022 2023 2024 (projected)
Gross Profit32.8M41.1M47.1M49.5M
Total Revenue44.0M53.3M60.2M31.3M

Red Violet fundamental ratios Correlations

0.180.641.00.90.80.360.9-0.410.990.750.980.97-0.84-0.010.810.89-0.930.990.980.94-0.42
0.180.830.12-0.030.29-0.170.21-0.080.10.630.060.310.170.130.13-0.03-0.030.060.040.10.0
0.640.830.590.440.740.020.64-0.280.610.940.530.77-0.390.150.570.43-0.50.550.530.55-0.13
1.00.120.590.910.780.380.89-0.410.990.70.990.95-0.84-0.030.790.9-0.940.990.990.93-0.45
0.9-0.030.440.910.640.380.93-0.660.890.530.920.82-0.81-0.110.680.87-0.980.950.950.91-0.6
0.80.290.740.780.640.140.74-0.250.820.820.740.91-0.860.240.720.57-0.690.750.760.66-0.17
0.36-0.170.020.380.380.140.120.110.410.080.460.28-0.27-0.170.20.57-0.460.360.460.2-0.33
0.90.210.640.890.930.740.12-0.740.870.720.850.88-0.790.030.770.76-0.90.920.880.94-0.44
-0.41-0.08-0.28-0.41-0.66-0.250.11-0.74-0.35-0.31-0.36-0.380.380.09-0.39-0.330.54-0.49-0.42-0.60.28
0.990.10.610.990.890.820.410.87-0.350.740.980.96-0.880.010.820.92-0.930.980.980.92-0.4
0.750.630.940.70.530.820.080.72-0.310.740.630.87-0.590.210.790.57-0.570.660.640.70.01
0.980.060.530.990.920.740.460.85-0.360.980.630.92-0.82-0.080.740.93-0.960.991.00.91-0.53
0.970.310.770.950.820.910.280.88-0.380.960.870.92-0.850.080.840.81-0.860.930.920.88-0.29
-0.840.17-0.39-0.84-0.81-0.86-0.27-0.790.38-0.88-0.59-0.82-0.85-0.14-0.77-0.710.8-0.85-0.86-0.780.23
-0.010.130.15-0.03-0.110.24-0.170.030.090.010.21-0.080.08-0.140.4-0.280.13-0.07-0.06-0.050.05
0.810.130.570.790.680.720.20.77-0.390.820.790.740.84-0.770.40.68-0.660.780.750.84-0.04
0.89-0.030.430.90.870.570.570.76-0.330.920.570.930.81-0.71-0.280.68-0.90.910.920.88-0.42
-0.93-0.03-0.5-0.94-0.98-0.69-0.46-0.90.54-0.93-0.57-0.96-0.860.80.13-0.66-0.9-0.96-0.98-0.890.63
0.990.060.550.990.950.750.360.92-0.490.980.660.990.93-0.85-0.070.780.91-0.960.990.96-0.47
0.980.040.530.990.950.760.460.88-0.420.980.641.00.92-0.86-0.060.750.92-0.980.990.91-0.52
0.940.10.550.930.910.660.20.94-0.60.920.70.910.88-0.78-0.050.840.88-0.890.960.91-0.35
-0.420.0-0.13-0.45-0.6-0.17-0.33-0.440.28-0.40.01-0.53-0.290.230.05-0.04-0.420.63-0.47-0.52-0.35
Click cells to compare fundamentals

Red Violet Account Relationship Matchups

Red Violet fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets48.9M52.0M74.4M77.4M93.0M54.1M
Other Current Liab1.6M1.5M395K1.8M2.0M1.6M
Total Current Liabilities4.3M5.0M3.5M5.4M4.9M4.7M
Total Stockholder Equity42.1M43.3M69.4M71.1M86.1M48.1M
Net Tangible Assets12.8M10.9M36.0M34.2M39.4M41.3M
Retained Earnings(15.9M)(22.7M)(22.0M)(21.4M)(7.9M)(8.3M)
Accounts Payable2.1M2.1M1.6M2.2M1.6M1.7M
Cash11.8M13.0M34.3M31.8M32.0M16.3M
Non Current Assets Total32.8M35.3M35.8M39.3M52.7M32.1M
Non Currrent Assets Other289K139K137K601K146K138.7K
Other Assets289K2.3M74.4M601K691.2K656.6K
Cash And Short Term Investments11.8M13.0M34.3M31.8M32.0M16.3M
Net Receivables3.5M3.2M3.7M5.5M7.1M7.5M
Common Stock Total Equity10K12K13K14K16.1K8.5K
Retained Earnings Total Equity(15.9M)(22.7M)(22.0M)(21.4M)(19.3M)(18.3M)
Common Stock Shares Outstanding10.8M11.9M13.4M14.1M14.1M11.6M
Liabilities And Stockholders Equity48.9M52.0M74.4M77.4M93.0M52.5M
Non Current Liabilities Total2.5M3.6M1.5M885K2.0M1.4M
Capital Surpluse59.2M66.0M91.4M92.5M106.4M111.7M
Capital Lease Obligations3.0M2.5M1.9M1.3M2.6M1.4M
Other Current Assets722K581K599K771K1.1M740.7K
Other Stockholder Equity57.9M66.0M91.4M92.5M94.0M59.8M
Total Liab6.8M8.6M4.9M6.3M6.9M6.0M
Property Plant And Equipment Gross3.3M2.7M2.2M1.8M4.4M4.6M
Total Current Assets16.0M16.7M38.6M38.1M40.3M20.6M
Non Current Liabilities Other2.5M1.9M1.3M598K687.7K863.8K
Short Term Debt491K1.0M617K692K569K411.9K
Intangible Assets24.0M27.2M28.2M31.6M34.4M23.8M
Common Stock10K12K13K14K12.6K12.0K
Property Plant Equipment3.3M558K577K709K638.1K873.9K
Property Plant And Equipment Net3.3M2.7M2.2M1.8M3.0M2.2M
Current Deferred Revenue128K504K841K670K690K408.7K
Net Debt(8.8M)(8.3M)(32.4M)(30.5M)(29.5M)(28.0M)
Net Invested Capital42.1M45.5M69.4M71.1M86.1M57.9M
Net Working Capital11.7M11.7M35.1M32.7M35.4M20.6M

Pair Trading with Red Violet

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 Red Violet 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 Red Violet will appreciate offsetting losses from the drop in the long position's value.

Moving against Red Stock

  0.57VCIG VCI Global Limited Report 20th of May 2024 PairCorr
The ability to find closely correlated positions to Red Violet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Red Violet 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 Red Violet - 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 Red Violet to buy it.
The correlation of Red Violet 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 Red Violet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Red Violet 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 Red Violet 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
When determining whether Red Violet is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Red Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Red Violet Stock. Highlighted below are key reports to facilitate an investment decision about Red Violet Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Violet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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Is Red Violet'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 Red Violet. If investors know Red 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 Red Violet 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
1.549
Earnings Share
1.04
Revenue Per Share
4.515
Quarterly Revenue Growth
0.197
Return On Assets
0.0296
The market value of Red Violet is measured differently than its book value, which is the value of Red that is recorded on the company's balance sheet. Investors also form their own opinion of Red Violet's value that differs from its market value or its book value, called intrinsic value, which is Red Violet'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 Red Violet's market value can be influenced by many factors that don't directly affect Red Violet'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 Red Violet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Red Violet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Red Violet'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.