BOL Stock | | | 1.38 0.02 1.43% |
Boom Logistics financial indicator trend analysis is way more than just evaluating Boom Logistics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boom Logistics is a good investment. Please check the relationship between Boom Logistics Gross Profit and its Interest Expense accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Boom Logistics. 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.
Gross Profit vs Interest Expense
Gross Profit vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Boom Logistics Gross Profit account and
Interest Expense. At this time, the significance of the direction appears to have strong relationship.
The correlation between Boom Logistics' Gross Profit and Interest Expense is 0.76. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Boom Logistics, assuming nothing else is changed. The correlation between historical values of Boom Logistics' Gross Profit and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Boom Logistics are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Gross Profit i.e., Boom Logistics' Gross Profit and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Boom Logistics minus its cost of goods sold. It is profit before Boom Logistics operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Boom Logistics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boom Logistics 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 Boom Logistics. 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.
Selling General Administrative is expected to decline to about 119.1
M this year
Boom Logistics fundamental ratios Correlations
Click cells to compare fundamentals
Boom Logistics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Boom Logistics fundamental ratios Accounts
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Additional Tools for Boom Stock Analysis
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measure Boom Logistics' 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 Boom Logistics is operating at the current time. Most of Boom Logistics' value examination focuses on studying past and present price action to
predict the probability of Boom Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boom Logistics' price. Additionally, you may evaluate how the addition of Boom Logistics to your portfolios can decrease your overall portfolio volatility.