| HMST Stock | | | USD 11.88 0.42 3.66% |
HomeStreet financial indicator trend analysis is much more than just examining HomeStreet latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HomeStreet is a good investment. Please check the relationship between HomeStreet Other Operating 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 HomeStreet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
For more information on how to buy HomeStreet Stock please use our
How to Invest in HomeStreet guide.
Other Operating Expenses vs Gross Profit
Other Operating Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
HomeStreet Other Operating Expenses account and
Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between HomeStreet's Other Operating Expenses and Gross Profit is -0.13. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of HomeStreet, assuming nothing else is changed. The correlation between historical values of HomeStreet's Other Operating 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 Other Operating Expenses of HomeStreet 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 Other Operating Expenses i.e., HomeStreet's Other Operating Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.13 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of HomeStreet. It is also known as HomeStreet 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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of HomeStreet minus its cost of goods sold. It is profit before HomeStreet 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 HomeStreet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HomeStreet 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 HomeStreet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
For more information on how to buy HomeStreet Stock please use our
How to Invest in HomeStreet guide.
Selling General Administrative is likely to drop to about 36.9
M in 2024.
Tax Provision is likely to gain to about (1.9
M) in 2024
HomeStreet fundamental ratios Correlations
Click cells to compare fundamentals
HomeStreet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HomeStreet fundamental ratios Accounts
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Additional Tools for HomeStreet Stock Analysis
When running HomeStreet's price analysis, check to
measure HomeStreet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HomeStreet is operating at the current time. Most of HomeStreet's value examination focuses on studying past and present price action to
predict the probability of HomeStreet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HomeStreet's price. Additionally, you may evaluate how the addition of HomeStreet to your portfolios can decrease your overall portfolio volatility.