| GFM Stock | | | 142.00 3.00 2.07% |
Griffin Mining financial indicator trend analysis is much more than just examining Griffin Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Griffin Mining is a good investment. Please check the relationship between Griffin Mining Operating Income and its Other Operating Expenses accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Griffin 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.
Operating Income vs Other Operating Expenses
Operating Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Griffin Mining Operating Income account and
Other Operating Expenses. At this time, the significance of the direction appears to have very week relationship.
The correlation between Griffin Mining's Operating Income and Other Operating Expenses is 0.25. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Griffin Mining, assuming nothing else is changed. The correlation between historical values of Griffin Mining's Operating Income 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 Operating Income of Griffin Mining 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 Operating Income i.e., Griffin Mining's Operating Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.25 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Operating Income
Operating Income is the amount of profit realized from Griffin 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 Griffin 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.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Griffin Mining. It is also known as Griffin Mining 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 Griffin Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Griffin 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Griffin 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 December 1, 2024,
Selling General Administrative is expected to decline to about 15.4
M. In addition to that,
Tax Provision is expected to decline to about 7.1
MGriffin Mining fundamental ratios Correlations
Click cells to compare fundamentals
Griffin Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Griffin Mining 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.
Other Information on Investing in Griffin Stock
Balance Sheet is a snapshot of the
financial position of Griffin Mining at a specified time, usually calculated after every quarter, six months, or one year. Griffin Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Griffin Mining 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 Griffin currently owns. An asset can also be divided into two categories, current and non-current.