| ICM Stock | | | CAD 0.01 0.01 50.00% |
Iconic Minerals financial indicator trend analysis is infinitely more than just investigating Iconic Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Iconic Minerals is a good investment. Please check the relationship between Iconic Minerals Total Other Income Expense Net and its Operating Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iconic Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Other Income Expense Net vs Operating Income
Total Other Income Expense Net vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Iconic Minerals Total Other Income Expense Net account and
Operating Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Iconic Minerals' Total Other Income Expense Net and Operating Income is -0.69. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Operating Income in the same time period over historical financial statements of Iconic Minerals, assuming nothing else is changed. The correlation between historical values of Iconic Minerals' Total Other Income Expense Net 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 Other Income Expense Net of Iconic Minerals 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 Other Income Expense Net i.e., Iconic Minerals' Total Other Income Expense Net and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.69 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Other Income Expense Net
Operating Income
Operating Income is the amount of profit realized from Iconic Minerals 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 Iconic Minerals 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 Iconic Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Iconic Minerals 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 Iconic Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Iconic Minerals'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 6
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 40.14 in 2024.
Iconic Minerals fundamental ratios Correlations
Click cells to compare fundamentals
Iconic Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Iconic Minerals fundamental ratios Accounts
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Additional Tools for Iconic Stock Analysis
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measure Iconic Minerals' 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 Iconic Minerals is operating at the current time. Most of Iconic Minerals' value examination focuses on studying past and present price action to
predict the probability of Iconic Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iconic Minerals' price. Additionally, you may evaluate how the addition of Iconic Minerals to your portfolios can decrease your overall portfolio volatility.