| SMP Stock | | | 0.03 0.01 20.00% |
Southern Empire financial indicator trend analysis is much more than just breaking down Southern Empire Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southern Empire Resources is a good investment. Please check the relationship between Southern Empire Net Income and its Capital Expenditures accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Empire Resources. 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.
Net Income vs Capital Expenditures
Net Income vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Southern Empire Resources Net Income account and
Capital Expenditures. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Southern Empire's Net Income and Capital Expenditures is 0.92. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Southern Empire Resources, assuming nothing else is changed. The correlation between historical values of Southern Empire's Net Income and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Southern Empire Resources are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Southern Empire's Net Income and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Southern Empire Resources financial statement analysis. It represents the amount of money remaining after all of Southern Empire Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Capital Expenditures
Capital Expenditures are funds used by Southern Empire Resources to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Southern Empire operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Southern Empire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southern Empire Resources 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Empire Resources. 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 climb to about 824.1
K in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Southern Empire fundamental ratios Correlations
Click cells to compare fundamentals
Southern Empire Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Southern Empire fundamental ratios Accounts
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Additional Tools for Southern Stock Analysis
When running Southern Empire's price analysis, check to
measure Southern Empire'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 Southern Empire is operating at the current time. Most of Southern Empire's value examination focuses on studying past and present price action to
predict the probability of Southern Empire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern Empire's price. Additionally, you may evaluate how the addition of Southern Empire to your portfolios can decrease your overall portfolio volatility.