EPOW Stock | | | USD 1.06 0.33 45.21% |
Sunrise New financial indicator trend analysis is much more than just breaking down Sunrise New Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sunrise New Energy is a good investment. Please check the relationship between Sunrise New Total Operating Expenses and its Selling General Administrative accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Sunrise New Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Total Operating Expenses vs Selling General Administrative
Total Operating Expenses vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sunrise New Energy Total Operating Expenses account and
Selling General Administrative. At this time, the significance of the direction appears to have totally related.
The correlation between Sunrise New's Total Operating Expenses and Selling General Administrative is 0.99. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Sunrise New Energy, assuming nothing else is changed. The correlation between historical values of Sunrise New's Total Operating Expenses and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Sunrise New Energy are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Operating Expenses i.e., Sunrise New's Total Operating Expenses and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Selling General Administrative
Most indicators from Sunrise New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sunrise New Energy 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 Sunrise New Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Sales General And Administrative To Revenue is likely to climb to 0.31 in 2024, whereas Selling General Administrative is likely to drop slightly above 6.8
M in 2024.
Sunrise New fundamental ratios Correlations
Click cells to compare fundamentals
Sunrise New Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sunrise New fundamental ratios Accounts
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