AXTI Stock | | | USD 2.17 0.03 1.36% |
AXT financial indicator trend analysis is way more than just evaluating AXT Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AXT Inc is a good investment. Please check the relationship between AXT Total Cash From Operating Activities and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in AXT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AXT Inc Total Cash From Operating Activities account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between AXT's Total Cash From Operating Activities and Non Current Liabilities Total is -0.41. Overlapping area represents the amount of variation of Total Cash From Operating Activities that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of AXT Inc, assuming nothing else is changed. The correlation between historical values of AXT's Total Cash From Operating Activities and Non Current Liabilities Total 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 Cash From Operating Activities of AXT Inc are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Cash From Operating Activities i.e., AXT's Total Cash From Operating Activities and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.41 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Most indicators from AXT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AXT Inc 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 AXT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Issuance Of Capital Stock is expected to grow at the current pace this year, while
Selling General Administrative is projected to decrease to under 17.8
M.