COTY Stock | | | USD 7.39 0.02 0.27% |
Coty financial indicator trend analysis is way more than just evaluating Coty Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coty Inc is a good investment. Please check the relationship between Coty Net Income and its Total Other Income Expense Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Coty 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.
Net Income vs Total Other Income Expense Net
Net Income vs Total Other Income Expense Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Coty Inc Net Income account and
Total Other Income Expense Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Coty's Net Income and Total Other Income Expense Net is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Coty Inc, assuming nothing else is changed. The correlation between historical values of Coty's Net Income and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Coty Inc are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Net Income i.e., Coty's Net Income and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Coty Inc financial statement analysis. It represents the amount of money remaining after all of Coty Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Total Other Income Expense Net
Most indicators from Coty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coty 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 Coty 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.
At this time, Coty's
Tax Provision is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 373.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.4
B in 2024.
Coty fundamental ratios Correlations
Click cells to compare fundamentals
Coty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Coty fundamental ratios Accounts
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Additional Tools for Coty Stock Analysis
When running Coty's price analysis, check to
measure Coty'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 Coty is operating at the current time. Most of Coty's value examination focuses on studying past and present price action to
predict the probability of Coty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coty's price. Additionally, you may evaluate how the addition of Coty to your portfolios can decrease your overall portfolio volatility.