AAZ Stock | | | 95.50 0.50 0.53% |
Anglo Asian financial indicator trend analysis is way more than just evaluating Anglo Asian Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anglo Asian Mining is a good investment. Please check the relationship between Anglo Asian Ebit and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Anglo Asian Mining. 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.
Ebit vs Operating Income
Ebit vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Anglo Asian Mining Ebit account and
Operating Income. At this time, the significance of the direction appears to have totally related.
The correlation between Anglo Asian's Ebit and Operating Income is 1.0. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Anglo Asian Mining, assuming nothing else is changed. The correlation between historical values of Anglo Asian's Ebit and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Anglo Asian Mining are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Ebit i.e., Anglo Asian's Ebit and Operating Income go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Ebit
Operating Income
Operating Income is the amount of profit realized from Anglo Asian Mining operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Anglo Asian Mining is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Anglo Asian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anglo Asian Mining 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 Anglo Asian Mining. 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.
As of November 27, 2024,
Selling General Administrative is expected to decline to about 5.7
M. The current year's
Tax Provision is expected to grow to about (7.3
M)
Anglo Asian fundamental ratios Correlations
Click cells to compare fundamentals
Anglo Asian Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anglo Asian fundamental ratios Accounts
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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.
Other Information on Investing in Anglo Stock
Balance Sheet is a snapshot of the
financial position of Anglo Asian Mining at a specified time, usually calculated after every quarter, six months, or one year. Anglo Asian Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anglo Asian 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 Anglo currently owns. An asset can also be divided into two categories, current and non-current.