Indiana Resources financial indicator trend analysis is infinitely more than just investigating Indiana Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indiana Resources is a good investment. Please check the relationship between Indiana Resources Cost Of Revenue and its Discontinued Operations accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indiana Resources. 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.
Cost Of Revenue vs Discontinued Operations
Cost Of Revenue vs Discontinued Operations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indiana Resources Cost Of Revenue account and
Discontinued Operations. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Indiana Resources' Cost Of Revenue and Discontinued Operations is -0.17. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Discontinued Operations in the same time period over historical financial statements of Indiana Resources, assuming nothing else is changed. The correlation between historical values of Indiana Resources' Cost Of Revenue and Discontinued Operations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Indiana Resources are associated (or correlated) with its Discontinued Operations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Discontinued Operations has no effect on the direction of Cost Of Revenue i.e., Indiana Resources' Cost Of Revenue and Discontinued Operations go up and down completely randomly.
Correlation Coefficient | -0.17 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on Indiana Resources income statement and represents the costs associated with goods and services Indiana Resources provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Discontinued Operations
Most indicators from Indiana Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indiana Resources 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 Indiana Resources. 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 3.4
M in 2024. Discontinued Operations is likely to drop to about (7.2
M) in 2024
Indiana Resources fundamental ratios Correlations
Click cells to compare fundamentals
Indiana Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indiana Resources fundamental ratios Accounts
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Additional Tools for Indiana Stock Analysis
When running Indiana Resources' price analysis, check to
measure Indiana Resources' 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 Indiana Resources is operating at the current time. Most of Indiana Resources' value examination focuses on studying past and present price action to
predict the probability of Indiana Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indiana Resources' price. Additionally, you may evaluate how the addition of Indiana Resources to your portfolios can decrease your overall portfolio volatility.