HILTON Stock | | | 83.13 0.72 0.86% |
Hilton Metal financial indicator trend analysis is much more than just examining Hilton Metal Forging latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hilton Metal Forging is a good investment. Please check the relationship between Hilton Metal Selling And Marketing Expenses and its Gross Profit accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hilton Metal Forging. 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.
Selling And Marketing Expenses vs Gross Profit
Selling And Marketing Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hilton Metal Forging Selling And Marketing Expenses account and
Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Hilton Metal's Selling And Marketing Expenses and Gross Profit is -0.02. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Hilton Metal Forging, assuming nothing else is changed. The correlation between historical values of Hilton Metal's Selling And Marketing Expenses and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling And Marketing Expenses of Hilton Metal Forging are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Selling And Marketing Expenses i.e., Hilton Metal's Selling And Marketing Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.02 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Selling And Marketing Expenses
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Hilton Metal Forging minus its cost of goods sold. It is profit before Hilton Metal operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Hilton Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hilton Metal Forging 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 Hilton Metal Forging. 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.
The current year's
Tax Provision is expected to grow to about 11.1
M, whereas
Selling General Administrative is forecasted to decline to about 22.8
M.
Hilton Metal fundamental ratios Correlations
Click cells to compare fundamentals
Hilton Metal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hilton Metal 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 Hilton Stock
Balance Sheet is a snapshot of the
financial position of Hilton Metal Forging at a specified time, usually calculated after every quarter, six months, or one year. Hilton Metal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hilton Metal 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 Hilton currently owns. An asset can also be divided into two categories, current and non-current.