XRX Stock | | | USD 9.14 0.08 0.88% |
Xerox Corp financial indicator trend analysis is more than just analyzing Xerox Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xerox Corp is a good investment. Please check the relationship between Xerox Corp Extraordinary Items and its Gross Profit accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xerox Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Xerox Stock please use our
How to Invest in Xerox Corp guide.
Extraordinary Items vs Gross Profit
Extraordinary Items vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xerox Corp Extraordinary Items account and
Gross Profit. At this time, the significance of the direction appears to have pay attention.
The correlation between Xerox Corp's Extraordinary Items and Gross Profit is -0.76. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Xerox Corp, assuming nothing else is changed. The correlation between historical values of Xerox Corp's Extraordinary Items 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 Extraordinary Items of Xerox Corp 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 Extraordinary Items i.e., Xerox Corp's Extraordinary Items and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.76 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Extraordinary Items
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Xerox Corp minus its cost of goods sold. It is profit before Xerox Corp 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 Xerox Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xerox Corp 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 Xerox Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Xerox Stock please use our
How to Invest in Xerox Corp guide.At this time, Xerox Corp's
Selling General Administrative is fairly stable compared to the past year.
Discontinued Operations is likely to rise to about 851.3
M in 2024, whereas
Tax Provision is likely to drop slightly above 23.8
M in 2024.
Xerox Corp fundamental ratios Correlations
Click cells to compare fundamentals
Xerox Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xerox Corp fundamental ratios Accounts
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Additional Tools for Xerox Stock Analysis
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predict the probability of Xerox Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xerox Corp's price. Additionally, you may evaluate how the addition of Xerox Corp to your portfolios can decrease your overall portfolio volatility.