Xeros Technology financial indicator trend analysis is more than just analyzing Xeros Technology current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xeros Technology is a good investment. Please check the relationship between Xeros Technology Net Income and its Reconciled Depreciation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xeros Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Net Income vs Reconciled Depreciation
Net Income vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xeros Technology Net Income account and Reconciled Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Xeros Technology's Net Income and Reconciled Depreciation is -0.53. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Xeros Technology Group, assuming nothing else is changed. The correlation between historical values of Xeros Technology's Net Income and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Xeros Technology Group are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Net Income i.e., Xeros Technology's Net Income and Reconciled Depreciation go up and down completely randomly.
Net income is one of the most important fundamental items in finance. It plays a large role in Xeros Technology financial statement analysis. It represents the amount of money remaining after all of Xeros Technology Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Reconciled Depreciation
Most indicators from Xeros Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xeros Technology 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 Xeros Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Balance Sheet is a snapshot of the financial position of Xeros Technology at a specified time, usually calculated after every quarter, six months, or one year. Xeros Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xeros Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Xeros currently owns. An asset can also be divided into two categories, current and non-current.