| SNL Stock | | | 32.96 0.56 1.73% |
Supply Network financial indicator trend analysis is much more than just breaking down Supply Network prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Supply Network is a good investment. Please check the relationship between Supply Network Total Operating Expenses and its Income Before Tax accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Supply Network. 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.
Total Operating Expenses vs Income Before Tax
Total Operating Expenses vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Supply Network Total Operating Expenses account and
Income Before Tax. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Supply Network's Total Operating Expenses and Income Before Tax is 0.48. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Supply Network, assuming nothing else is changed. The correlation between historical values of Supply Network's Total Operating Expenses and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Supply Network are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Total Operating Expenses i.e., Supply Network's Total Operating Expenses and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.48 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Supply Network income statement and is an important metric when analyzing Supply Network profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Supply Network's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Supply Network 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 Supply Network. 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.
At this time, Supply Network's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 14.8
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 11.1
M in 2024.
Supply Network fundamental ratios Correlations
Click cells to compare fundamentals
Supply Network Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Supply Network fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Supply Stock Analysis
When running Supply Network's price analysis, check to
measure Supply Network'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 Supply Network is operating at the current time. Most of Supply Network's value examination focuses on studying past and present price action to
predict the probability of Supply Network's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Supply Network's price. Additionally, you may evaluate how the addition of Supply Network to your portfolios can decrease your overall portfolio volatility.