SCYX Stock | | | USD 1.28 0.04 3.03% |
Scynexis financial indicator trend analysis is much more than just breaking down Scynexis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Scynexis is a good investment. Please check the relationship between Scynexis Reconciled Depreciation and its Gross Profit accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Scynexis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
For more information on how to buy Scynexis Stock please use our
How to Invest in Scynexis guide.
Reconciled Depreciation vs Gross Profit
Reconciled Depreciation vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Scynexis Reconciled Depreciation account and
Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Scynexis' Reconciled Depreciation and Gross Profit is 0.82. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Scynexis, assuming nothing else is changed. The correlation between historical values of Scynexis' Reconciled Depreciation 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 Reconciled Depreciation of Scynexis 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 Reconciled Depreciation i.e., Scynexis' Reconciled Depreciation and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Reconciled Depreciation
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Scynexis minus its cost of goods sold. It is profit before Scynexis 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 Scynexis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scynexis 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Scynexis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
For more information on how to buy Scynexis Stock please use our
How to Invest in Scynexis guide.At this time, Scynexis'
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 1.25 in 2024, whereas
Selling General Administrative is likely to drop slightly above 21.9
M in 2024.
Scynexis fundamental ratios Correlations
Click cells to compare fundamentals
Scynexis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Scynexis fundamental ratios Accounts
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Additional Tools for Scynexis Stock Analysis
When running Scynexis' price analysis, check to
measure Scynexis' 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 Scynexis is operating at the current time. Most of Scynexis' value examination focuses on studying past and present price action to
predict the probability of Scynexis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scynexis' price. Additionally, you may evaluate how the addition of Scynexis to your portfolios can decrease your overall portfolio volatility.