| WISE Stock | | | 937.00 1.00 0.11% |
Wise Plc financial indicator trend analysis is more than just analyzing Wise plc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wise plc is a good investment. Please check the relationship between Wise Plc Change In Working Capital and its Net Income accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wise plc. 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.
Change In Working Capital vs Net Income
Change In Working Capital vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wise plc Change In Working Capital account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Wise Plc's Change In Working Capital and Net Income is 0.7. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Net Income in the same time period over historical financial statements of Wise plc, assuming nothing else is changed. The correlation between historical values of Wise Plc's Change In Working Capital and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Wise plc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change In Working Capital i.e., Wise Plc's Change In Working Capital and Net Income go up and down completely randomly.
Correlation Coefficient | 0.7 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Wise plc financial statement analysis. It represents the amount of money remaining after all of Wise plc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Wise Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wise plc 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wise plc. 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 gain to about 233.5
M in 2024.
Tax Provision is likely to gain to about 133.1
M in 2024
Wise Plc fundamental ratios Correlations
Click cells to compare fundamentals
Wise Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wise Plc fundamental ratios Accounts
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Additional Tools for Wise Stock Analysis
When running Wise Plc's price analysis, check to
measure Wise Plc'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 Wise Plc is operating at the current time. Most of Wise Plc's value examination focuses on studying past and present price action to
predict the probability of Wise Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wise Plc's price. Additionally, you may evaluate how the addition of Wise Plc to your portfolios can decrease your overall portfolio volatility.