| FME Stock | | | 0.95 0.00 0.00% |
Future Metals financial indicator trend analysis is much more than just examining Future Metals NL latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Future Metals NL is a good investment. Please check the relationship between Future Metals Operating Income and its Ebitda accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Future Metals NL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Operating Income vs Ebitda
Operating Income vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Future Metals NL Operating Income account and
Ebitda. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Future Metals' Operating Income and Ebitda is 0.52. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebitda in the same time period over historical financial statements of Future Metals NL, assuming nothing else is changed. The correlation between historical values of Future Metals' Operating Income and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Future Metals NL are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Operating Income i.e., Future Metals' Operating Income and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.52 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Operating Income
Operating Income is the amount of profit realized from Future Metals NL 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 Future Metals NL 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.
Ebitda
Most indicators from Future Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Future Metals NL 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Future Metals NL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Issuance Of Capital Stock is expected to grow to about 7.1
M, whereas
Selling General Administrative is forecasted to decline to about 185.8
K.
Future Metals fundamental ratios Correlations
Click cells to compare fundamentals
Future Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Future Metals fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Future Stock
Balance Sheet is a snapshot of the
financial position of Future Metals NL at a specified time, usually calculated after every quarter, six months, or one year. Future Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Future Metals 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 Future currently owns. An asset can also be divided into two categories, current and non-current.