WKP Stock | | | 547.00 5.00 0.91% |
Workspace Group financial indicator trend analysis is more than just analyzing Workspace Group PLC current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Workspace Group PLC is a good investment. Please check the relationship between Workspace Group Net Income and its Total Revenue accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workspace Group PLC. 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.
Net Income vs Total Revenue
Net Income vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Workspace Group PLC Net Income account and
Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Workspace Group's Net Income and Total Revenue is -0.42. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Workspace Group PLC, assuming nothing else is changed. The correlation between historical values of Workspace Group's Net Income and Total Revenue 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 Workspace Group PLC are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Income i.e., Workspace Group's Net Income and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.42 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Workspace Group PLC financial statement analysis. It represents the amount of money remaining after all of Workspace Group PLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Total Revenue
Total revenue comprises all receipts Workspace Group PLC generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Workspace Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Workspace Group PLC 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workspace Group PLC. 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.
The current year's
Selling General Administrative is expected to grow to about 26.6
M. The current year's
Tax Provision is expected to grow to about 362.2
KWorkspace Group fundamental ratios Correlations
Click cells to compare fundamentals
Workspace Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Workspace Group fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Workspace Stock
Balance Sheet is a snapshot of the
financial position of Workspace Group PLC at a specified time, usually calculated after every quarter, six months, or one year. Workspace Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Workspace Group and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Workspace currently owns. An asset can also be divided into two categories, current and non-current.