| FCL Stock | | | 358.20 0.30 0.08% |
Fineotex Chemical financial indicator trend analysis is much more than just examining Fineotex Chemical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fineotex Chemical is a good investment. Please check the relationship between Fineotex Chemical Total Operating Expenses and its Income Tax Expense accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fineotex Chemical Limited. 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.
Total Operating Expenses vs Income Tax Expense
Total Operating Expenses vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fineotex Chemical Total Operating Expenses account and
Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Fineotex Chemical's Total Operating Expenses and Income Tax Expense is 0.44. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Fineotex Chemical Limited, assuming nothing else is changed. The correlation between historical values of Fineotex Chemical's Total Operating Expenses and Income Tax 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 Total Operating Expenses of Fineotex Chemical Limited are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Total Operating Expenses i.e., Fineotex Chemical's Total Operating Expenses and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.44 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Income Tax Expense
Most indicators from Fineotex Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fineotex Chemical 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fineotex Chemical Limited. 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.
At present, Fineotex Chemical's
Tax Provision is projected to increase significantly based on the last few years of reporting.
Fineotex Chemical fundamental ratios Correlations
Click cells to compare fundamentals
Fineotex Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fineotex Chemical fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Fineotex Stock
Balance Sheet is a snapshot of the
financial position of Fineotex Chemical at a specified time, usually calculated after every quarter, six months, or one year. Fineotex Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fineotex Chemical 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 Fineotex currently owns. An asset can also be divided into two categories, current and non-current.