Diligent MediaLimited financial indicator trend analysis is much more than just examining Diligent MediaLimited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diligent MediaLimited is a good investment. Please check the relationship between Diligent MediaLimited Discontinued Operations and its Other Operating Expenses accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diligent Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Discontinued Operations vs Other Operating Expenses
Discontinued Operations vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Diligent MediaLimited Discontinued Operations account and
Other Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Diligent MediaLimited's Discontinued Operations and Other Operating Expenses is -0.63. Overlapping area represents the amount of variation of Discontinued Operations that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Diligent Media, assuming nothing else is changed. The correlation between historical values of Diligent MediaLimited's Discontinued Operations and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Discontinued Operations of Diligent Media are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Discontinued Operations i.e., Diligent MediaLimited's Discontinued Operations and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.63 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Discontinued Operations
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Diligent MediaLimited. It is also known as Diligent MediaLimited 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.
Most indicators from Diligent MediaLimited's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diligent MediaLimited 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diligent Media. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
The Diligent MediaLimited's current
Selling General Administrative is estimated to increase to about 114.3
M. The Diligent MediaLimited's current
Tax Provision is estimated to increase to about 440.5
MDiligent MediaLimited fundamental ratios Correlations
Click cells to compare fundamentals
Diligent MediaLimited Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Diligent MediaLimited fundamental ratios Accounts
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Other Information on Investing in Diligent Stock
Balance Sheet is a snapshot of the
financial position of Diligent MediaLimited at a specified time, usually calculated after every quarter, six months, or one year. Diligent MediaLimited Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Diligent MediaLimited 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 Diligent currently owns. An asset can also be divided into two categories, current and non-current.