| CNJ Stock | | | 0.01 0.00 0.00% |
Conico financial indicator trend analysis is way more than just evaluating Conico prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Conico is a good investment. Please check the relationship between Conico Selling And Marketing Expenses and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Conico. 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.
Selling And Marketing Expenses vs Gross Profit
Selling And Marketing Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Conico Selling And Marketing Expenses account and
Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Conico's Selling And Marketing Expenses and Gross Profit is -0.32. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Conico, assuming nothing else is changed. The correlation between historical values of Conico's Selling And Marketing Expenses and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling And Marketing Expenses of Conico are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Selling And Marketing Expenses i.e., Conico's Selling And Marketing Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.32 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Selling And Marketing Expenses
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Conico minus its cost of goods sold. It is profit before Conico 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.
Most indicators from Conico's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Conico 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 Conico. 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.
Selling General Administrative is likely to drop to about 168.7
K in 2024.
Issuance Of Capital Stock is likely to drop to about 574.6
K in 2024
Conico fundamental ratios Correlations
Click cells to compare fundamentals
Conico Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Conico fundamental ratios Accounts
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Additional Tools for Conico Stock Analysis
When running Conico's price analysis, check to
measure Conico'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 Conico is operating at the current time. Most of Conico's value examination focuses on studying past and present price action to
predict the probability of Conico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conico's price. Additionally, you may evaluate how the addition of Conico to your portfolios can decrease your overall portfolio volatility.