0HD0 Stock | | | 39.19 0.17 0.44% |
Ally Financial financial indicator trend analysis is way more than just evaluating Ally Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ally Financial is a good investment. Please check the relationship between Ally Financial Other Operating Expenses and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ally Financial. 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.
For more information on how to buy Ally Stock please use our
How to Invest in Ally Financial guide.
Other Operating Expenses vs Cost Of Revenue
Other Operating Expenses vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ally Financial Other Operating Expenses account and
Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ally Financial's Other Operating Expenses and Cost Of Revenue is 0.69. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Ally Financial, assuming nothing else is changed. The correlation between historical values of Ally Financial's Other Operating Expenses and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Ally Financial are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Other Operating Expenses i.e., Ally Financial's Other Operating Expenses and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ally Financial. It is also known as Ally Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Cost Of Revenue
Cost of Revenue is found on Ally Financial income statement and represents the costs associated with goods and services Ally Financial provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Ally Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ally Financial 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ally Financial. 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.
For more information on how to buy Ally Stock please use our
How to Invest in Ally Financial guide.
Selling General Administrative is likely to drop to about 2.1
B in 2024.
Tax Provision is likely to drop to about 486
M in 2024
Ally Financial fundamental ratios Correlations
Click cells to compare fundamentals
Ally Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ally Financial fundamental ratios Accounts
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Additional Tools for Ally Stock Analysis
When running Ally Financial's price analysis, check to
measure Ally Financial'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 Ally Financial is operating at the current time. Most of Ally Financial's value examination focuses on studying past and present price action to
predict the probability of Ally Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ally Financial's price. Additionally, you may evaluate how the addition of Ally Financial to your portfolios can decrease your overall portfolio volatility.