WTC Stock | | | 125.60 5.72 4.36% |
WiseTech Global financial indicator trend analysis is more than just analyzing WiseTech Global current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WiseTech Global is a good investment. Please check the relationship between WiseTech Global Reconciled Depreciation and its Net Income accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WiseTech Global Limited. 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.
Reconciled Depreciation vs Net Income
Reconciled Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WiseTech Global Reconciled Depreciation account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between WiseTech Global's Reconciled Depreciation and Net Income is 0.71. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of WiseTech Global Limited, assuming nothing else is changed. The correlation between historical values of WiseTech Global's Reconciled Depreciation 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 Reconciled Depreciation of WiseTech Global Limited 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 Reconciled Depreciation i.e., WiseTech Global's Reconciled Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Reconciled Depreciation
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in WiseTech Global financial statement analysis. It represents the amount of money remaining after all of WiseTech Global Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from WiseTech Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WiseTech Global 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 WiseTech Global Limited. 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.
At this time, WiseTech Global's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 107.2
M in 2024, whereas
Discontinued Operations is likely to drop slightly above 1.2
M in 2024.
WiseTech Global fundamental ratios Correlations
Click cells to compare fundamentals
WiseTech Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WiseTech Global fundamental ratios Accounts
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Additional Tools for WiseTech Stock Analysis
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measure WiseTech Global'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 WiseTech Global is operating at the current time. Most of WiseTech Global's value examination focuses on studying past and present price action to
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