0R28 Stock | | | 38.42 0.07 0.18% |
Newmont Corp financial indicator trend analysis is infinitely more than just investigating Newmont Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newmont Corp is a good investment. Please check the relationship between Newmont Corp Selling And Marketing Expenses and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Newmont 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 board of governors.
Selling And Marketing Expenses vs Cost Of Revenue
Selling And Marketing Expenses vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Newmont Corp Selling And Marketing Expenses account and
Cost Of Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Newmont Corp's Selling And Marketing Expenses and Cost Of Revenue is 0.36. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Newmont Corp, assuming nothing else is changed. The correlation between historical values of Newmont Corp's Selling And Marketing 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 Selling And Marketing Expenses of Newmont Corp 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 Selling And Marketing Expenses i.e., Newmont Corp's Selling And Marketing Expenses and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Selling And Marketing Expenses
Cost Of Revenue
Cost of Revenue is found on Newmont Corp income statement and represents the costs associated with goods and services Newmont Corp 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 Newmont Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newmont 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Newmont 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 board of governors.
Discontinued Operations is likely to gain to about 36.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 221.3
M in 2024.
Newmont Corp fundamental ratios Correlations
Click cells to compare fundamentals
Newmont Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Newmont Corp fundamental ratios Accounts
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measure Newmont Corp'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 Newmont Corp is operating at the current time. Most of Newmont Corp's value examination focuses on studying past and present price action to
predict the probability of Newmont 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 Newmont Corp's price. Additionally, you may evaluate how the addition of Newmont Corp to your portfolios can decrease your overall portfolio volatility.