| 688301 Stock | | | 116.18 0.42 0.36% |
IRay Technology financial indicator trend analysis is infinitely more than just investigating iRay Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether iRay Technology is a good investment. Please check the relationship between IRay Technology Reconciled Depreciation and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in iRay 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 board of governors.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
iRay Technology Reconciled Depreciation account and
Selling General Administrative. At this time, the significance of the direction appears to have very strong relationship.
The correlation between IRay Technology's Reconciled Depreciation and Selling General Administrative is 0.82. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of iRay Technology Co, assuming nothing else is changed. The correlation between historical values of IRay Technology's Reconciled Depreciation 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 Reconciled Depreciation of iRay Technology Co 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 Reconciled Depreciation i.e., IRay Technology's Reconciled Depreciation and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Most indicators from IRay Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into iRay 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 iRay 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 board of governors.
As of March 10, 2025,
Tax Provision is expected to decline to about 58.2
M. In addition to that, Selling General Administrative is expected to decline to about 72.1
MBalance Sheet is a snapshot of the
financial position of iRay Technology at a specified time, usually calculated after every quarter, six months, or one year. IRay Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of IRay 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 IRay currently owns. An asset can also be divided into two categories, current and non-current.