| SMP Stock | | | 0.03 0.01 16.67% |
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 Operating Income and its Total Assets 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.
Operating Income vs Total Assets
Operating Income vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Southern Empire Resources Operating Income account and
Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Southern Empire's Operating Income and Total Assets is -0.73. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Assets 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 Operating Income and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Southern Empire Resources are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Operating Income i.e., Southern Empire's Operating Income and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.73 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Operating Income
Operating Income is the amount of profit realized from Southern Empire Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Southern Empire Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Total Assets
Total assets refers to the total amount of Southern Empire assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Southern Empire Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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.