| 002673 Stock | | | 8.68 0.05 0.57% |
Western Securities financial indicator trend analysis is more than just analyzing Western Securities current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Securities is a good investment. Please check the relationship between Western Securities Total Operating Expenses and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Western Securities Co. 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.
Total Operating Expenses vs Cost Of Revenue
Total Operating Expenses vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Western Securities Total Operating Expenses account and
Cost Of Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Western Securities' Total Operating Expenses and Cost Of Revenue is 0.86. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Western Securities Co, assuming nothing else is changed. The correlation between historical values of Western Securities' Total Operating Expenses and Cost Of 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 Total Operating Expenses of Western Securities Co are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Total Operating Expenses i.e., Western Securities' Total Operating Expenses and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Cost Of Revenue
Cost of Revenue is found on Western Securities income statement and represents the costs associated with goods and services Western Securities provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Western Securities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Securities 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Western Securities Co. 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.
As of December 18, 2024,
Selling General Administrative is expected to decline to about 412.4
M. In addition to that,
Tax Provision is expected to decline to about 281.2
MWestern Securities fundamental ratios Correlations
Click cells to compare fundamentals
Western Securities Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Western Securities fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Western Stock
Balance Sheet is a snapshot of the
financial position of Western Securities at a specified time, usually calculated after every quarter, six months, or one year. Western Securities Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Western Securities and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Western currently owns. An asset can also be divided into two categories, current and non-current.