| GSMGW Stock | | | USD 0 0.00 0.00% |
Glory Star financial indicator trend analysis is much more than just examining Glory Star New latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glory Star New is a good investment. Please check the relationship between Glory Star Total Operating Expenses and its Net Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Total Operating Expenses vs Net Income
Total Operating Expenses vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Glory Star New Total Operating Expenses account and
Net Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Glory Star's Total Operating Expenses and Net Income is 0.82. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Net Income in the same time period over historical financial statements of Glory Star New, assuming nothing else is changed. The correlation between historical values of Glory Star's Total Operating Expenses and Net 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 Total Operating Expenses of Glory Star New are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Operating Expenses i.e., Glory Star's Total Operating Expenses and Net Income go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | 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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Glory Star New financial statement analysis. It represents the amount of money remaining after all of Glory Star New operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Glory Star's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Glory Star New 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
At this time, Glory Star's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 84
M in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(0.71).
Glory Star fundamental ratios Correlations
Click cells to compare fundamentals
Glory Star Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Glory Star fundamental ratios Accounts
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