| IFOS Stock | | | CAD 1.76 0.07 4.14% |
Itafos Corp financial indicator trend analysis is infinitely more than just investigating Itafos Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Itafos Corp is a good investment. Please check the relationship between Itafos Corp Non Recurring and its Other Operating Expenses accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Itafos Corp. 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.
Non Recurring vs Other Operating Expenses
Non Recurring vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Itafos Corp Non Recurring account and
Other Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Itafos Corp's Non Recurring and Other Operating Expenses is -0.46. Overlapping area represents the amount of variation of Non Recurring that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Itafos Corp, assuming nothing else is changed. The correlation between historical values of Itafos Corp's Non Recurring and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Recurring of Itafos Corp are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Non Recurring i.e., Itafos Corp's Non Recurring and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.46 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Non Recurring
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Itafos Corp. It is also known as Itafos Corp 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.
Most indicators from Itafos Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Itafos Corp 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 Itafos Corp. 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.
At this time, Itafos Corp's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to climb to 5.14 in 2024, whereas
Tax Provision is likely to drop slightly above 1.1
M in 2024.
Itafos Corp fundamental ratios Correlations
Click cells to compare fundamentals
Itafos Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Itafos Corp fundamental ratios Accounts
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Additional Tools for Itafos Stock Analysis
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