| 0HKE Stock | | | 647.52 14.79 2.34% |
Axon Enterprise financial indicator trend analysis is way more than just evaluating Axon Enterprise prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axon Enterprise is a good investment. Please check the relationship between Axon Enterprise Income Tax Expense and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Axon Enterprise. 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.
For more information on how to buy Axon Stock please use our
How to Invest in Axon Enterprise guide.
Income Tax Expense vs Operating Income
Income Tax Expense vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Axon Enterprise Income Tax Expense account and
Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Axon Enterprise's Income Tax Expense and Operating Income is 0.49. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of Axon Enterprise, assuming nothing else is changed. The correlation between historical values of Axon Enterprise's Income Tax Expense and Operating 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 Income Tax Expense of Axon Enterprise are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Tax Expense i.e., Axon Enterprise's Income Tax Expense and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.49 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Income Tax Expense
Operating Income
Operating Income is the amount of profit realized from Axon Enterprise 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 Axon Enterprise 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.
Most indicators from Axon Enterprise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axon Enterprise 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Axon Enterprise. 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.
For more information on how to buy Axon Stock please use our
How to Invest in Axon Enterprise guide.
Selling General Administrative is likely to gain to about 511.4
M in 2024, despite the fact that
Tax Provision is likely to grow to (3.9
M).
Axon Enterprise fundamental ratios Correlations
Click cells to compare fundamentals
Axon Enterprise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Axon Enterprise fundamental ratios Accounts
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Additional Tools for Axon Stock Analysis
When running Axon Enterprise's price analysis, check to
measure Axon Enterprise'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 Axon Enterprise is operating at the current time. Most of Axon Enterprise's value examination focuses on studying past and present price action to
predict the probability of Axon Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axon Enterprise's price. Additionally, you may evaluate how the addition of Axon Enterprise to your portfolios can decrease your overall portfolio volatility.