| 0HKE Stock | | | 647.52 14.79 2.34% |
Axon Enterprise financial indicator trend analysis is way more than just evaluating Axon Enterprise prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axon Enterprise is a good investment. Please check the relationship between Axon Enterprise Net Receivables and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Axon Enterprise. 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 Axon Stock please use our
How to Invest in Axon Enterprise guide.
Net Receivables vs Total Revenue
Net Receivables vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Axon Enterprise Net Receivables account and
Total Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Axon Enterprise's Net Receivables and Total Revenue is 0.99. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Axon Enterprise, assuming nothing else is changed. The correlation between historical values of Axon Enterprise's Net Receivables and Total 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 Net Receivables of Axon Enterprise are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Receivables i.e., Axon Enterprise's Net Receivables and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Receivables
Total Revenue
Total revenue comprises all receipts Axon Enterprise generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Axon Enterprise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axon Enterprise 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 Axon Enterprise. 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 Axon Stock please use our
How to Invest in Axon Enterprise guide.
Selling General Administrative is likely to gain to about 511.4
M in 2024, despite the fact that
Tax Provision is likely to grow to (3.9
M).
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 540.9M | 728.6M | 955.4M | 1.0B | Total Revenue | 863.4M | 1.2B | 1.6B | 1.6B |
Axon Enterprise fundamental ratios Correlations
Click cells to compare fundamentals
Axon Enterprise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Axon Enterprise fundamental ratios Accounts
Also Currently Popular
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.
Additional Tools for Axon Stock Analysis
When running Axon Enterprise's price analysis, check to
measure Axon Enterprise'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 Axon Enterprise is operating at the current time. Most of Axon Enterprise's value examination focuses on studying past and present price action to
predict the probability of Axon Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axon Enterprise's price. Additionally, you may evaluate how the addition of Axon Enterprise to your portfolios can decrease your overall portfolio volatility.