Tectonic Other Operating Expenses vs Selling General Administrative Analysis
| TECX Stock | 50.56 3.00 6.31% |
Tectonic Therapeutic, financial indicator trend analysis is much more than just breaking down Tectonic Therapeutic, prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tectonic Therapeutic, is a good investment. Please check the relationship between Tectonic Therapeutic, Other Operating Expenses and its Selling General Administrative accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tectonic Therapeutic,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Tectonic Stock please use our How to Invest in Tectonic Therapeutic, guide.
Other Operating Expenses vs Selling General Administrative
Other Operating Expenses vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tectonic Therapeutic, Other Operating Expenses account and Selling General Administrative. At this time, the significance of the direction appears to have pay attention.
The correlation between Tectonic Therapeutic,'s Other Operating Expenses and Selling General Administrative is -0.89. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Tectonic Therapeutic,, assuming nothing else is changed. The correlation between historical values of Tectonic Therapeutic,'s Other Operating Expenses 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 Other Operating Expenses of Tectonic Therapeutic, 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 Other Operating Expenses i.e., Tectonic Therapeutic,'s Other Operating Expenses and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.89 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Tectonic Therapeutic,. It is also known as Tectonic Therapeutic, overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Selling General Administrative
Most indicators from Tectonic Therapeutic,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tectonic Therapeutic, 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 Tectonic Therapeutic,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Tectonic Stock please use our How to Invest in Tectonic Therapeutic, guide.Selling General Administrative is likely to drop to about 7.1 M in 2024. Issuance Of Capital Stock is likely to drop to about 41.7 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 117.4M | 101.3M | 44.6M | 76.5M | Cost Of Revenue | 1.4M | 4.2M | 617K | 586.2K |
Tectonic Therapeutic, fundamental ratios Correlations
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Tectonic Therapeutic, Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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