| CGNX Stock | | | USD 36.04 0.90 2.44% |
Cognex financial indicator trend analysis is way more than just evaluating Cognex prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cognex is a good investment. Please check the relationship between Cognex Net Income and its Capital Expenditures accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cognex. 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 Cognex Stock please use our
How to Invest in Cognex guide.
Net Income vs Capital Expenditures
Net Income vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cognex Net Income account and
Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Cognex's Net Income and Capital Expenditures is 0.57. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Cognex, assuming nothing else is changed. The correlation between historical values of Cognex's Net Income and Capital Expenditures 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 Cognex are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Cognex's Net Income and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.57 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Cognex financial statement analysis. It represents the amount of money remaining after all of Cognex operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Capital Expenditures
Capital Expenditures are funds used by Cognex to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Cognex operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Cognex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cognex 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 Cognex. 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 Cognex Stock please use our
How to Invest in Cognex guide.At this time, Cognex's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 12.9
B in 2024, despite the fact that
Discontinued Operations is likely to grow to (218
K).
Cognex fundamental ratios Correlations
Click cells to compare fundamentals
Cognex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cognex fundamental ratios Accounts
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Additional Tools for Cognex Stock Analysis
When running Cognex's price analysis, check to
measure Cognex'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 Cognex is operating at the current time. Most of Cognex's value examination focuses on studying past and present price action to
predict the probability of Cognex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cognex's price. Additionally, you may evaluate how the addition of Cognex to your portfolios can decrease your overall portfolio volatility.