| RNLX Stock | | | USD 0.13 0.02 13.33% |
Renalytix financial indicator trend analysis is much more than just breaking down Renalytix AI prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renalytix AI is a good investment. Please check the relationship between Renalytix Cost Of Revenue and its Net Income accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renalytix AI. 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.
Cost Of Revenue vs Net Income
Cost Of Revenue vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Renalytix AI Cost Of Revenue account and
Net Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Renalytix's Cost Of Revenue and Net Income is -0.95. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Renalytix AI, assuming nothing else is changed. The correlation between historical values of Renalytix's Cost Of Revenue and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Renalytix AI are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Cost Of Revenue i.e., Renalytix's Cost Of Revenue and Net Income go up and down completely randomly.
Correlation Coefficient | -0.95 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Cost Of Revenue
Cost of Revenue is found on Renalytix AI income statement and represents the costs associated with goods and services Renalytix provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Renalytix AI financial statement analysis. It represents the amount of money remaining after all of Renalytix AI operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Renalytix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renalytix AI 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renalytix AI. 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.
At this time, Renalytix's
Tax Provision is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 21.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 18.7
M in 2024.
Renalytix fundamental ratios Correlations
Click cells to compare fundamentals
Renalytix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Renalytix fundamental ratios Accounts
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Additional Tools for Renalytix Stock Analysis
When running Renalytix's price analysis, check to
measure Renalytix's 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 Renalytix is operating at the current time. Most of Renalytix's value examination focuses on studying past and present price action to
predict the probability of Renalytix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renalytix's price. Additionally, you may evaluate how the addition of Renalytix to your portfolios can decrease your overall portfolio volatility.