Black Income Tax Expense vs Net Income Analysis

BKI
 Stock
  

USD 65.86  0.16  0.24%   

Black Knight financial indicator trend analysis is way more than just evaluating Black Knight prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Black Knight is a good investment. Please check the relationship between Black Knight Income Tax Expense and its Net Income accounts. Continue to Trending Equities.

Income Tax Expense vs Net Income

Income Tax Expense vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Black Knight Income Tax Expense account and Net Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Black Knight's Income Tax Expense and Net Income is 0.36. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Net Income in the same time period over historical financial statements of Black Knight, assuming nothing else is changed. The correlation between historical values of Black Knight's Income Tax Expense and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Black Knight are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Tax Expense i.e., Black Knight's Income Tax Expense and Net Income go up and down completely randomly.

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Income Tax Expense

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Black Knight financial statement analysis. It represents the amount of money remaining after all of Black Knight operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income to Non Controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.
Most indicators from Black Knight fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Black Knight 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. Continue to Trending Equities.Black Knight Issuance Repayment of Debt Securities is most likely to in the upcoming years. The last year's value of Issuance Repayment of Debt Securities was reported at 198.6 Million. The current Enterprise Value over EBITDA is estimated to increase to 24.23, while Net Loss Income from Discontinued Operations is projected to decrease to roughly 715.8 K.
 2019 2020 2021 2022 (projected)
Interest Expense63.5 M62.9 M83.6 M75.86 M
Gross Profit1.18 B1.24 B1.48 B1.42 B

Black Knight fundamental ratios Correlations

0.980.410.210.41-0.58-0.430.02-0.420.90.860.280.510.510.080.780.020.890.80.82-0.130.87
0.980.420.30.42-0.5-0.460.01-0.450.930.830.290.510.510.050.8-0.020.90.860.83-0.160.85
0.410.420.571.0-0.070.53-0.410.540.520.790.980.950.950.860.810.830.70.240.56-0.770.76
0.210.30.570.540.57-0.05-0.7-0.030.570.330.50.480.480.190.360.170.390.470.5-0.610.42
0.410.421.00.54-0.10.54-0.380.550.510.790.990.950.950.880.820.850.70.220.55-0.760.76
-0.58-0.5-0.070.57-0.10.04-0.40.06-0.28-0.51-0.04-0.19-0.19-0.18-0.47-0.15-0.43-0.27-0.38-0.06-0.48
-0.43-0.460.53-0.050.540.04-0.151.0-0.420.050.650.440.440.860.120.89-0.12-0.62-0.23-0.5-0.02
0.020.01-0.41-0.7-0.38-0.4-0.15-0.19-0.29-0.12-0.41-0.23-0.23-0.28-0.05-0.29-0.04-0.1-0.370.73-0.32
-0.42-0.450.54-0.030.550.061.0-0.19-0.410.060.660.440.440.860.120.89-0.12-0.61-0.22-0.52-0.01
0.90.930.520.570.51-0.28-0.42-0.29-0.410.810.380.570.570.10.780.040.870.920.91-0.390.88
0.860.830.790.330.79-0.510.05-0.120.060.810.70.840.840.550.940.490.950.610.79-0.460.97
0.280.290.980.50.99-0.040.65-0.410.660.380.70.90.90.920.730.90.610.10.46-0.760.67
0.510.510.950.480.95-0.190.44-0.230.440.570.840.91.00.810.880.770.740.330.57-0.710.79
0.510.510.950.480.95-0.190.44-0.230.440.570.840.91.00.810.880.770.740.330.57-0.710.79
0.080.050.860.190.88-0.180.86-0.280.860.10.550.920.810.810.581.00.38-0.180.25-0.720.5
0.780.80.810.360.82-0.470.12-0.050.120.780.940.730.880.880.580.530.930.640.75-0.530.9
0.02-0.020.830.170.85-0.150.89-0.290.890.040.490.90.770.771.00.530.31-0.240.2-0.710.44
0.890.90.70.390.7-0.43-0.12-0.04-0.120.870.950.610.740.740.380.930.310.740.8-0.320.91
0.80.860.240.470.22-0.27-0.62-0.1-0.610.920.610.10.330.33-0.180.64-0.240.740.81-0.20.67
0.820.830.560.50.55-0.38-0.23-0.37-0.220.910.790.460.570.570.250.750.20.80.81-0.50.89
-0.13-0.16-0.77-0.61-0.76-0.06-0.50.73-0.52-0.39-0.46-0.76-0.71-0.71-0.72-0.53-0.71-0.32-0.2-0.5-0.56
0.870.850.760.420.76-0.48-0.02-0.32-0.010.880.970.670.790.790.50.90.440.910.670.89-0.56
Click cells to compare fundamentals

Black Knight Account Relationship Matchups

Black Knight Investors Sentiment

The influence of Black Knight's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Black. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Black Knight's public news can be used to forecast risks associated with investment in Black. The trend in average sentiment can be used to explain how an investor holding Black can time the market purely based on public headlines and social activities around Black Knight. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Black Knight's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Black Knight's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Black Knight's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Black Knight.

Black Knight Implied Volatility

    
  59.29  
Black Knight's implied volatility exposes the market's sentiment of Black Knight stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Black Knight's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Black Knight stock will not fluctuate a lot when Black Knight's options are near their expiration.
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 Black Knight 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, Black Knight's short interest history, or implied volatility extrapolated from Black Knight options trading.

Pair Trading with Black Knight

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 Black Knight 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 Black Knight will appreciate offsetting losses from the drop in the long position's value.

Moving against Black Knight

0.59CTLPCantalope Fiscal Year End 1st of September 2022 PairCorr
The ability to find closely correlated positions to Black Knight could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Knight 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 Black Knight - 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 Black Knight to buy it.
The correlation of Black Knight is a statistical measure of how it moves in relation to other equities. 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 Black Knight moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Knight 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 Black Knight 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
Continue to Trending Equities. Note that the Black Knight information on this page should be used as a complementary analysis to other Black Knight's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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Is Black Knight'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 Black Knight. If investors know Black 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 Black Knight 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 YOY
0.04
Market Capitalization
10.3 B
Quarterly Revenue Growth YOY
0.092
Return On Assets
0.0352
Return On Equity
0.17
The market value of Black Knight is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Knight's value that differs from its market value or its book value, called intrinsic value, which is Black Knight'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 Black Knight's market value can be influenced by many factors that don't directly affect Black Knight'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 Black Knight's value and its price as these two are different measures arrived at by different means. Investors typically determine Black Knight value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Knight'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.