GLW Stock | | | USD 48.22 0.22 0.46% |
Corning Incorporated financial indicator trend analysis is way more than just evaluating Corning Incorporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corning Incorporated is a good investment. Please check the relationship between Corning Incorporated Operating Income and its Reconciled Depreciation accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. 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.
For more information on how to buy Corning Stock please use our
How to Invest in Corning Incorporated guide.
Operating Income vs Reconciled Depreciation
Operating Income vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Corning Incorporated Operating Income account and
Reconciled Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Corning Incorporated's Operating Income and Reconciled Depreciation is -0.21. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Corning Incorporated, assuming nothing else is changed. The correlation between historical values of Corning Incorporated's Operating Income and Reconciled Depreciation 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 Corning Incorporated are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Operating Income i.e., Corning Incorporated's Operating Income and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | -0.21 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Corning Incorporated 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 Corning Incorporated 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.
Reconciled Depreciation
Most indicators from Corning Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corning Incorporated 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. 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.
For more information on how to buy Corning Stock please use our
How to Invest in Corning Incorporated guide.
Enterprise Value is likely to climb to about 27.8
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.2
B in 2024.
Corning Incorporated fundamental ratios Correlations
Click cells to compare fundamentals
Corning Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Corning Incorporated fundamental ratios Accounts
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Additional Tools for Corning Stock Analysis
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predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.