HONAUT Stock | | | 40,947 463.80 1.12% |
Honeywell Automation financial indicator trend analysis is much more than just examining Honeywell Automation latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Honeywell Automation is a good investment. Please check the relationship between Honeywell Automation Other Operating Expenses and its Total Other Income Expense Net accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Honeywell Automation India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Other Operating Expenses vs Total Other Income Expense Net
Other Operating Expenses 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
Honeywell Automation Other Operating Expenses account and
Total Other Income Expense Net. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Honeywell Automation's Other Operating Expenses and Total Other Income Expense Net is -0.37. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Honeywell Automation India, assuming nothing else is changed. The correlation between historical values of Honeywell Automation's Other Operating Expenses 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 Other Operating Expenses of Honeywell Automation India 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 Other Operating Expenses i.e., Honeywell Automation's Other Operating Expenses and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | -0.37 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Honeywell Automation. It is also known as Honeywell Automation overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Total Other Income Expense Net
Most indicators from Honeywell Automation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Honeywell Automation 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Honeywell Automation India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
The current year's
Selling General Administrative is expected to grow to about 3.4
B, whereas
Tax Provision is forecasted to decline to about 1.6
B.
Honeywell Automation fundamental ratios Correlations
Click cells to compare fundamentals
Honeywell Automation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Honeywell Automation fundamental ratios Accounts
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Other Information on Investing in Honeywell Stock
Balance Sheet is a snapshot of the
financial position of Honeywell Automation at a specified time, usually calculated after every quarter, six months, or one year. Honeywell Automation Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Honeywell Automation 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 Honeywell currently owns. An asset can also be divided into two categories, current and non-current.