Gartner Tax Provision vs Extraordinary Items Analysis
IT Stock | USD 450.26 2.48 0.55% |
Gartner financial indicator trend analysis is much more than just examining Gartner latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gartner is a good investment. Please check the relationship between Gartner Tax Provision and its Extraordinary Items accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gartner. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Gartner Stock please use our How to Invest in Gartner guide.
Tax Provision vs Extraordinary Items
Tax Provision vs Extraordinary Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gartner Tax Provision account and Extraordinary Items. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Gartner's Tax Provision and Extraordinary Items is -0.47. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Extraordinary Items in the same time period over historical financial statements of Gartner, assuming nothing else is changed. The correlation between historical values of Gartner's Tax Provision and Extraordinary Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Gartner are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Tax Provision i.e., Gartner's Tax Provision and Extraordinary Items go up and down completely randomly.
Correlation Coefficient | -0.47 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Extraordinary Items
Most indicators from Gartner's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gartner 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gartner. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Gartner Stock please use our How to Invest in Gartner guide.At this time, Gartner's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 277.9 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.33 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 116.6M | 121.3M | 132.8M | 139.4M | Depreciation And Amortization | 236.8M | 249.5M | 143.3M | 83.5M |
Gartner fundamental ratios Correlations
Click cells to compare fundamentals
Gartner Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gartner fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.2B | 7.3B | 7.4B | 7.3B | 7.8B | 8.2B | |
Short Long Term Debt Total | 3.1B | 2.8B | 3.3B | 3.2B | 3.1B | 3.2B | |
Other Current Liab | 679.3M | 829.8M | 995.8M | 963.1M | 966.0M | 1.0B | |
Total Current Liabilities | 2.9B | 2.9B | 3.4B | 3.6B | 3.8B | 4.0B | |
Total Stockholder Equity | 938.6M | 1.1B | 371.1M | 227.8M | 680.6M | 714.7M | |
Property Plant And Equipment Net | 1.0B | 984.0M | 821.8M | 701.2M | 629.5M | 661.0M | |
Net Debt | 2.8B | 2.1B | 2.5B | 2.5B | 1.8B | 1.8B | |
Retained Earnings | 2.0B | 2.3B | 3.0B | 3.9B | 4.7B | 5.0B | |
Accounts Payable | 33.0M | 38.6M | 49.3M | 83.2M | 63.1M | 53.9M | |
Cash | 280.8M | 712.6M | 756.5M | 698.0M | 1.3B | 1.4B | |
Non Current Assets Total | 5.1B | 5.0B | 4.8B | 4.5B | 4.1B | 4.3B | |
Non Currrent Assets Other | 58.0M | 54.2M | 55.1M | 155.3M | (145.8M) | (138.5M) | |
Cash And Short Term Investments | 280.8M | 712.6M | 756.5M | 698.0M | 1.3B | 1.4B | |
Net Receivables | 1.3B | 1.2B | 1.4B | 1.6B | 1.6B | 1.7B | |
Common Stock Shares Outstanding | 91.0M | 90.0M | 86.2M | 81.1M | 79.7M | 76.6M | |
Liabilities And Stockholders Equity | 7.2B | 7.3B | 7.4B | 7.3B | 7.8B | 8.2B | |
Non Current Liabilities Total | 3.4B | 3.3B | 3.7B | 3.5B | 2.4B | 2.6B | |
Other Current Assets | 411.9M | 369.0M | 498.4M | 119.2M | 478.9M | 502.8M | |
Other Stockholder Equity | (972.3M) | (1.1B) | (2.6B) | (3.5B) | (4.1B) | (3.9B) | |
Total Liab | 6.2B | 6.2B | 7.0B | 7.1B | 7.2B | 7.5B | |
Total Current Assets | 2.0B | 2.3B | 2.6B | 2.8B | 3.4B | 3.6B | |
Short Term Debt | 216.2M | 104.5M | 95.7M | 107.5M | 108.1M | 113.9M | |
Intangible Assets | 925.1M | 807.0M | 714.4M | 584.7M | 502.0M | 303.6M | |
Good Will | 2.9B | 2.9B | 3.0B | 2.9B | 2.9B | 3.1B | |
Property Plant And Equipment Gross | 1.0B | 984.0M | 1.2B | 1.0B | 983.7M | 1.0B | |
Accumulated Other Comprehensive Income | (77.9M) | (99.2M) | (81.4M) | (101.6M) | (76.3M) | (72.5M) | |
Other Liab | 414.9M | 465.3M | 479.9M | 423.5M | 487.0M | 511.3M | |
Other Assets | 222.2M | 903.6M | 10.5B | 297.5M | 339.3M | 636.2M | |
Long Term Debt | 2.0B | 2.0B | 2.5B | 2.5B | 2.4B | 2.6B | |
Treasury Stock | (2.7B) | (2.9B) | (3.0B) | (4.7B) | (4.2B) | (4.0B) | |
Property Plant Equipment | 344.6M | 336.8M | 273.6M | 264.6M | 304.3M | 319.5M | |
Current Deferred Revenue | 1.9B | 2.0B | 2.2B | 2.4B | 2.6B | 2.8B | |
Net Tangible Assets | (2.9B) | (2.7B) | (3.3B) | (3.3B) | (3.0B) | (2.8B) | |
Retained Earnings Total Equity | 2.0B | 2.3B | 3.0B | 3.9B | 4.4B | 4.7B | |
Long Term Debt Total | 2.0B | 2.0B | 2.5B | 2.5B | 2.8B | 3.0B | |
Capital Surpluse | 1.9B | 2.0B | 2.1B | 2.2B | 2.5B | 1.4B |
Pair Trading with Gartner
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 Gartner 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 Gartner will appreciate offsetting losses from the drop in the long position's value.Moving together with Gartner Stock
0.7 | BR | Broadridge Financial Fiscal Year End 13th of August 2024 | PairCorr |
Moving against Gartner Stock
0.53 | AUR | Aurora Innovation Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Gartner could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gartner 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 Gartner - 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 Gartner to buy it.
The correlation of Gartner 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 Gartner moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gartner 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 Gartner 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gartner. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Gartner Stock please use our How to Invest in Gartner guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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When running Gartner's price analysis, check to measure Gartner'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 Gartner is operating at the current time. Most of Gartner's value examination focuses on studying past and present price action to predict the probability of Gartner's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gartner's price. Additionally, you may evaluate how the addition of Gartner to your portfolios can decrease your overall portfolio volatility.
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Is Gartner'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 Gartner. If investors know Gartner 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 Gartner 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 (0.27) | Earnings Share 10.08 | Revenue Per Share 75.846 | Quarterly Revenue Growth 0.045 | Return On Assets 0.0934 |
The market value of Gartner is measured differently than its book value, which is the value of Gartner that is recorded on the company's balance sheet. Investors also form their own opinion of Gartner's value that differs from its market value or its book value, called intrinsic value, which is Gartner'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 Gartner's market value can be influenced by many factors that don't directly affect Gartner'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 Gartner's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gartner is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gartner'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.