| ICCT Stock | | | USD 0.17 0.01 5.56% |
ICoreConnect Common financial indicator trend analysis is infinitely more than just investigating iCoreConnect Common stock recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether iCoreConnect Common stock is a good investment. Please check the relationship between ICoreConnect Common Total Revenue and its Operating Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iCoreConnect Common stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Total Revenue vs Operating Income
Total Revenue vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
iCoreConnect Common stock Total Revenue account and
Operating Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between ICoreConnect Common's Total Revenue and Operating Income is -0.61. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of iCoreConnect Common stock, assuming nothing else is changed. The correlation between historical values of ICoreConnect Common's Total Revenue and Operating 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 Revenue of iCoreConnect Common stock are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Revenue i.e., ICoreConnect Common's Total Revenue and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.61 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts iCoreConnect Common stock generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Operating Income
Operating Income is the amount of profit realized from iCoreConnect Common stock 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 iCoreConnect Common stock 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.
Most indicators from ICoreConnect Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into iCoreConnect Common stock 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 iCoreConnect Common stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Issuance Of Capital Stock is likely to gain to about 22.3
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 13.8
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 3.4M | 5.7M | 6.1M | 6.4M | Total Revenue | 5.0M | 8.0M | 8.2M | 8.6M |
ICoreConnect Common fundamental ratios Correlations
Click cells to compare fundamentals
ICoreConnect Common Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ICoreConnect Common fundamental ratios Accounts
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Additional Tools for ICoreConnect Stock Analysis
When running ICoreConnect Common's price analysis, check to
measure ICoreConnect Common'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 ICoreConnect Common is operating at the current time. Most of ICoreConnect Common's value examination focuses on studying past and present price action to
predict the probability of ICoreConnect Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICoreConnect Common's price. Additionally, you may evaluate how the addition of ICoreConnect Common to your portfolios can decrease your overall portfolio volatility.