XAR Stock | | | 71.20 3.80 5.07% |
Xaar Plc financial indicator trend analysis is more than just analyzing Xaar plc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xaar plc is a good investment. Please check the relationship between Xaar Plc Gross Profit and its Total Operating Expenses accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xaar 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.
Gross Profit vs Total Operating Expenses
Gross Profit vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xaar plc Gross Profit account and
Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Xaar Plc's Gross Profit and Total Operating Expenses is 0.75. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Xaar plc, assuming nothing else is changed. The correlation between historical values of Xaar Plc's Gross Profit and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Xaar plc are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Gross Profit i.e., Xaar Plc's Gross Profit and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Xaar plc minus its cost of goods sold. It is profit before Xaar Plc operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Xaar Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xaar 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 Xaar 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
Issuance Of Capital Stock is expected to grow to about 647.9
K, whereas
Selling General Administrative is forecasted to decline to about 1.7
M.
Xaar Plc fundamental ratios Correlations
Click cells to compare fundamentals
Xaar Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xaar Plc fundamental ratios Accounts
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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 Xaar Stock
Balance Sheet is a snapshot of the
financial position of Xaar plc at a specified time, usually calculated after every quarter, six months, or one year. Xaar Plc Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xaar Plc 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 Xaar currently owns. An asset can also be divided into two categories, current and non-current.