| 600666 Stock | | | 2.50 0.03 1.19% |
Aurora Optoelectronics financial indicator trend analysis is way more than just evaluating Aurora Optoelectronics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurora Optoelectronics is a good investment. Please check the relationship between Aurora Optoelectronics Other Operating Expenses and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Optoelectronics Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Other Operating Expenses vs Net Income
Other Operating Expenses vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aurora Optoelectronics Other Operating Expenses account and
Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Aurora Optoelectronics' Other Operating Expenses and Net Income is -0.38. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Net Income in the same time period over historical financial statements of Aurora Optoelectronics Co, assuming nothing else is changed. The correlation between historical values of Aurora Optoelectronics' Other Operating Expenses 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 Other Operating Expenses of Aurora Optoelectronics Co 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 Other Operating Expenses i.e., Aurora Optoelectronics' Other Operating Expenses and Net Income go up and down completely randomly.
Correlation Coefficient | -0.38 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Aurora Optoelectronics. It is also known as Aurora Optoelectronics overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Aurora Optoelectronics financial statement analysis. It represents the amount of money remaining after all of Aurora Optoelectronics Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Aurora Optoelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Optoelectronics 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 Aurora Optoelectronics Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Tax Provision is expected to grow to about 76.1
M, whereas
Selling General Administrative is forecasted to decline to about 45.3
M.
Aurora Optoelectronics fundamental ratios Correlations
Click cells to compare fundamentals
Aurora Optoelectronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aurora Optoelectronics fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Aurora Stock
Balance Sheet is a snapshot of the
financial position of Aurora Optoelectronics at a specified time, usually calculated after every quarter, six months, or one year. Aurora Optoelectronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aurora Optoelectronics 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 Aurora currently owns. An asset can also be divided into two categories, current and non-current.