| 0R6W Stock | | | 1.51 0.16 9.58% |
Tobii AB financial indicator trend analysis is much more than just breaking down Tobii AB prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tobii AB is a good investment. Please check the relationship between Tobii AB Net Income and its Net Borrowings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tobii AB. 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.
Net Income vs Net Borrowings
Net Income vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tobii AB Net Income account and
Net Borrowings. At this time, the significance of the direction appears to have weak relationship.
The correlation between Tobii AB's Net Income and Net Borrowings is 0.31. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Tobii AB, assuming nothing else is changed. The correlation between historical values of Tobii AB's Net Income and Net Borrowings 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 Tobii AB are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Net Income i.e., Tobii AB's Net Income and Net Borrowings go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Tobii AB financial statement analysis. It represents the amount of money remaining after all of Tobii AB operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Most indicators from Tobii AB's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tobii AB 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 Tobii AB. 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.
Tax Provision is likely to gain to about (32.4
M) in 2024.
Selling General Administrative is likely to drop to about 705.5
M in 2024
Tobii AB fundamental ratios Correlations
Click cells to compare fundamentals
Tobii AB Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tobii AB fundamental ratios Accounts
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Additional Tools for Tobii Stock Analysis
When running Tobii AB's price analysis, check to
measure Tobii AB'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 Tobii AB is operating at the current time. Most of Tobii AB's value examination focuses on studying past and present price action to
predict the probability of Tobii AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tobii AB's price. Additionally, you may evaluate how the addition of Tobii AB to your portfolios can decrease your overall portfolio volatility.