Evolution Total Revenue vs Selling General Administrative Analysis
0RQ6 Stock | 980.60 6.70 0.69% |
Evolution Gaming financial indicator trend analysis is much more than just examining Evolution Gaming latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evolution Gaming is a good investment. Please check the relationship between Evolution Gaming Total Revenue and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Evolution Gaming Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Total Revenue vs Selling General Administrative
Total Revenue vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evolution Gaming Total Revenue account and Selling General Administrative. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Evolution Gaming's Total Revenue and Selling General Administrative is 0.92. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Evolution Gaming Group, assuming nothing else is changed. The correlation between historical values of Evolution Gaming's Total Revenue and Selling General Administrative 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 Revenue of Evolution Gaming Group are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Revenue i.e., Evolution Gaming's Total Revenue and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts Evolution Gaming generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Selling General Administrative
Most indicators from Evolution Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evolution Gaming 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 Evolution Gaming Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Tax Provision is likely to gain to about 17 M in 2024, whereas Selling General Administrative is likely to drop slightly above 106.3 M in 2024.
2019 | 2020 | 2023 | 2024 (projected) | Interest Income | 173K | 1.0M | 1.2M | 1.2M | Tax Provision | 7.5M | 14.1M | 16.2M | 17.0M |
Evolution Gaming fundamental ratios Correlations
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Evolution Gaming Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.Additional Tools for Evolution Stock Analysis
When running Evolution Gaming's price analysis, check to measure Evolution Gaming'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 Evolution Gaming is operating at the current time. Most of Evolution Gaming's value examination focuses on studying past and present price action to predict the probability of Evolution Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolution Gaming's price. Additionally, you may evaluate how the addition of Evolution Gaming to your portfolios can decrease your overall portfolio volatility.