IOBT Cost Of Revenue vs Non Operating Income Net Other Analysis
IOBT Stock | USD 0.89 0.04 4.71% |
IO Biotech financial indicator trend analysis is infinitely more than just investigating IO Biotech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IO Biotech is a good investment. Please check the relationship between IO Biotech Cost Of Revenue and its Non Operating Income Net Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IO Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy IOBT Stock please use our How to Invest in IO Biotech guide.
Cost Of Revenue vs Non Operating Income Net Other
Cost Of Revenue vs Non Operating Income Net Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IO Biotech Cost Of Revenue account and Non Operating Income Net Other. At this time, the significance of the direction appears to have pay attention.
The correlation between IO Biotech's Cost Of Revenue and Non Operating Income Net Other is -0.89. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Non Operating Income Net Other in the same time period over historical financial statements of IO Biotech, assuming nothing else is changed. The correlation between historical values of IO Biotech's Cost Of Revenue and Non Operating Income Net Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of IO Biotech are associated (or correlated) with its Non Operating Income Net Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Operating Income Net Other has no effect on the direction of Cost Of Revenue i.e., IO Biotech's Cost Of Revenue and Non Operating Income Net Other go up and down completely randomly.
Correlation Coefficient | -0.89 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Cost Of Revenue
Cost of Revenue is found on IO Biotech income statement and represents the costs associated with goods and services IO Biotech provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Non Operating Income Net Other
Most indicators from IO Biotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IO Biotech 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 IO Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy IOBT Stock please use our How to Invest in IO Biotech guide.At this time, IO Biotech's Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 0.68 in 2024, despite the fact that Enterprise Value is likely to grow to (80.3 M).
IO Biotech fundamental ratios Correlations
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IO Biotech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running IO Biotech's price analysis, check to measure IO Biotech'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 IO Biotech is operating at the current time. Most of IO Biotech's value examination focuses on studying past and present price action to predict the probability of IO Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IO Biotech's price. Additionally, you may evaluate how the addition of IO Biotech to your portfolios can decrease your overall portfolio volatility.