| NX Stock | | | USD 28.81 2.06 6.67% |
Quanex Building financial indicator trend analysis is much more than just breaking down Quanex Building Products prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quanex Building Products is a good investment. Please check the relationship between Quanex Building Non Operating Income Net Other and its Selling General Administrative accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
Non Operating Income Net Other vs Selling General Administrative
Non Operating Income Net Other vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Quanex Building Products Non Operating Income Net Other account and
Selling General Administrative. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Quanex Building's Non Operating Income Net Other and Selling General Administrative is 0.11. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Quanex Building Products, assuming nothing else is changed. The correlation between historical values of Quanex Building's Non Operating Income Net Other 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 Non Operating Income Net Other of Quanex Building Products 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 Non Operating Income Net Other i.e., Quanex Building's Non Operating Income Net Other and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.11 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Non Operating Income Net Other
Selling General Administrative
Most indicators from Quanex Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quanex Building Products 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 Quanex Building Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
Enterprise Value is likely to rise to about 737.2
M in 2024, whereas Selling General Administrative is likely to drop slightly above 103.3
M in 2024.
Quanex Building fundamental ratios Correlations
Click cells to compare fundamentals
Quanex Building Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quanex Building fundamental ratios Accounts
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