HSBA Stock | | | 760.80 4.30 0.56% |
HSBC Holdings financial indicator trend analysis is much more than just examining HSBC Holdings PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HSBC Holdings PLC is a good investment. Please check the relationship between HSBC Holdings Gross Profit and its Selling General Administrative accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HSBC Holdings PLC. 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 Selling General Administrative
Gross Profit vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
HSBC Holdings PLC Gross Profit account and
Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between HSBC Holdings' Gross Profit and Selling General Administrative is 0.65. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of HSBC Holdings PLC, assuming nothing else is changed. The correlation between historical values of HSBC Holdings' Gross Profit and Selling General Administrative 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 HSBC Holdings PLC are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Gross Profit i.e., HSBC Holdings' Gross Profit and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of HSBC Holdings PLC minus its cost of goods sold. It is profit before HSBC Holdings 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.
Selling General Administrative
Most indicators from HSBC Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HSBC Holdings PLC 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 HSBC Holdings PLC. 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 likely to gain to about 13.9
B in 2024, whereas
Tax Provision is likely to drop slightly above 3.2
B in 2024.
HSBC Holdings fundamental ratios Correlations
Click cells to compare fundamentals
HSBC Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HSBC Holdings fundamental ratios Accounts
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Additional Tools for HSBC Stock Analysis
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measure HSBC Holdings' 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 HSBC Holdings is operating at the current time. Most of HSBC Holdings' value examination focuses on studying past and present price action to
predict the probability of HSBC Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HSBC Holdings' price. Additionally, you may evaluate how the addition of HSBC Holdings to your portfolios can decrease your overall portfolio volatility.