MTLS Stock | | | USD 7.04 0.06 0.85% |
Materialise financial indicator trend analysis is infinitely more than just investigating Materialise NV recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Materialise NV is a good investment. Please check the relationship between Materialise Selling General Administrative and its Total Revenue accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Materialise NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Selling General Administrative vs Total Revenue
Selling General Administrative vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Materialise NV Selling General Administrative account and
Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Materialise's Selling General Administrative and Total Revenue is 0.98. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Materialise NV, assuming nothing else is changed. The correlation between historical values of Materialise's Selling General Administrative and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Materialise NV are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Selling General Administrative i.e., Materialise's Selling General Administrative and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Selling General Administrative
Total Revenue
Total revenue comprises all receipts Materialise NV generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Materialise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Materialise NV 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Materialise NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Enterprise Value is expected to grow to about 544.5
M this year, even though Selling General Administrative is projected to decline to slightly above 26.2
M.
Materialise fundamental ratios Correlations
Click cells to compare fundamentals
Materialise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Materialise fundamental ratios Accounts