300433 Stock | | | 22.74 0.02 0.09% |
Lens Technology financial indicator trend analysis is infinitely more than just investigating Lens Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lens Technology is a good investment. Please check the relationship between Lens Technology Other Operating Expenses and its Net Income From Continuing Ops accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lens Technology 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.
Other Operating Expenses vs Net Income From Continuing Ops
Other Operating Expenses vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lens Technology Other Operating Expenses account and
Net Income From Continuing Ops. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Lens Technology's Other Operating Expenses and Net Income From Continuing Ops is 0.57. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Lens Technology Co, assuming nothing else is changed. The correlation between historical values of Lens Technology's Other Operating Expenses and Net Income From Continuing Ops 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 Operating Expenses of Lens Technology Co are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Other Operating Expenses i.e., Lens Technology's Other Operating Expenses and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Lens Technology. It is also known as Lens Technology overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Net Income From Continuing Ops
Most indicators from Lens Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lens Technology 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 Lens Technology 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.
The current year's
Selling General Administrative is expected to grow to about 1.3
B. The current year's
Tax Provision is expected to grow to about 270.5
MLens Technology fundamental ratios Correlations
Click cells to compare fundamentals
Lens Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lens Technology fundamental ratios Accounts
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Other Information on Investing in Lens Stock
Balance Sheet is a snapshot of the
financial position of Lens Technology at a specified time, usually calculated after every quarter, six months, or one year. Lens Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lens Technology 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 Lens currently owns. An asset can also be divided into two categories, current and non-current.