SXTPW Common Stock Shares Outstanding vs Total Stockholder Equity Analysis

SXTPW Stock   0.04  0.01  30.43%   
60 Degrees financial indicator trend analysis is way more than just evaluating 60 Degrees Pharmaceu prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 60 Degrees Pharmaceu is a good investment. Please check the relationship between 60 Degrees Common Stock Shares Outstanding and its Total Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 60 Degrees Pharmaceuticals,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Common Stock Shares Outstanding vs Total Stockholder Equity

Common Stock Shares Outstanding vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 60 Degrees Pharmaceu Common Stock Shares Outstanding account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between 60 Degrees' Common Stock Shares Outstanding and Total Stockholder Equity is 0.89. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of 60 Degrees Pharmaceuticals,, assuming nothing else is changed. The correlation between historical values of 60 Degrees' Common Stock Shares Outstanding and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of 60 Degrees Pharmaceuticals, are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Common Stock Shares Outstanding i.e., 60 Degrees' Common Stock Shares Outstanding and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from 60 Degrees' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 60 Degrees Pharmaceu 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 60 Degrees Pharmaceuticals,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Tax Provision is likely to drop to 237.50 in 2024. Selling General Administrative is likely to drop to about 2.2 M in 2024
 2021 2022 2023 2024 (projected)
Total Operating Expenses2.3M2.0M5.4M3.4M
Cost Of Revenue850.7K432.4K474.6K492.1K

60 Degrees fundamental ratios Correlations

0.81-0.170.99-0.190.62-0.75-0.530.970.82-0.71-0.350.9-0.7-0.560.98-0.98-0.920.651.00.890.440.69-0.98
0.810.420.8-0.520.91-0.98-0.810.910.82-0.98-0.760.82-0.98-0.90.89-0.8-0.760.750.80.81-0.150.93-0.9
-0.170.42-0.21-0.760.5-0.43-0.370.010.06-0.57-0.58-0.02-0.57-0.53-0.040.210.030.07-0.18-0.12-0.960.450.02
0.990.8-0.21-0.070.65-0.76-0.610.980.85-0.68-0.420.89-0.68-0.610.99-1.0-0.850.750.980.940.470.72-0.98
-0.19-0.52-0.76-0.07-0.350.420.09-0.25-0.080.680.22-0.270.60.32-0.210.040.460.14-0.190.050.64-0.370.21
0.620.910.50.65-0.35-0.93-0.910.760.88-0.89-0.880.56-0.93-0.960.74-0.66-0.530.840.60.75-0.280.99-0.77
-0.75-0.98-0.43-0.760.42-0.930.9-0.87-0.810.940.86-0.810.970.96-0.850.770.63-0.84-0.73-0.840.19-0.940.87
-0.53-0.81-0.37-0.610.09-0.910.9-0.69-0.760.740.97-0.60.810.97-0.680.630.3-0.95-0.51-0.810.19-0.880.7
0.970.910.010.98-0.250.76-0.87-0.690.87-0.82-0.550.91-0.82-0.731.0-0.97-0.870.770.970.930.270.82-1.0
0.820.820.060.85-0.080.88-0.81-0.760.87-0.74-0.620.61-0.76-0.770.87-0.86-0.70.840.810.860.180.91-0.89
-0.71-0.98-0.57-0.680.68-0.890.940.74-0.82-0.740.73-0.720.990.87-0.790.670.73-0.62-0.7-0.670.32-0.910.8
-0.35-0.76-0.58-0.420.22-0.880.860.97-0.55-0.620.73-0.490.810.97-0.520.450.16-0.84-0.33-0.650.43-0.830.55
0.90.82-0.020.89-0.270.56-0.81-0.60.910.61-0.72-0.49-0.73-0.630.91-0.89-0.760.650.890.860.270.62-0.9
-0.7-0.98-0.57-0.680.6-0.930.970.81-0.82-0.760.990.81-0.730.92-0.790.680.67-0.7-0.68-0.710.32-0.940.81
-0.56-0.9-0.53-0.610.32-0.960.960.97-0.73-0.770.870.97-0.630.92-0.70.620.41-0.87-0.54-0.760.33-0.940.73
0.980.89-0.040.99-0.210.74-0.85-0.681.00.87-0.79-0.520.91-0.79-0.7-0.98-0.870.770.980.940.320.8-1.0
-0.98-0.80.21-1.00.04-0.660.770.63-0.97-0.860.670.45-0.890.680.62-0.980.83-0.78-0.98-0.96-0.47-0.720.98
-0.92-0.760.03-0.850.46-0.530.630.3-0.87-0.70.730.16-0.760.670.41-0.870.83-0.37-0.93-0.65-0.3-0.610.86
0.650.750.070.750.140.84-0.84-0.950.770.84-0.62-0.840.65-0.7-0.870.77-0.78-0.370.640.920.120.83-0.79
1.00.8-0.180.98-0.190.6-0.73-0.510.970.81-0.7-0.330.89-0.68-0.540.98-0.98-0.930.640.880.450.68-0.97
0.890.81-0.120.940.050.75-0.84-0.810.930.86-0.67-0.650.86-0.71-0.760.94-0.96-0.650.920.880.360.78-0.94
0.44-0.15-0.960.470.64-0.280.190.190.270.180.320.430.270.320.330.32-0.47-0.30.120.450.36-0.21-0.3
0.690.930.450.72-0.370.99-0.94-0.880.820.91-0.91-0.830.62-0.94-0.940.8-0.72-0.610.830.680.78-0.21-0.82
-0.98-0.90.02-0.980.21-0.770.870.7-1.0-0.890.80.55-0.90.810.73-1.00.980.86-0.79-0.97-0.94-0.3-0.82
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60 Degrees Account Relationship Matchups

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