| MATW Stock | | | USD 25.49 1.40 5.81% |
Matthews International financial indicator trend analysis is infinitely more than just investigating Matthews International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Matthews International is a good investment. Please check the relationship between Matthews International Other Operating Expenses and its Net Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Matthews International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Matthews Stock please use our
How to Invest in Matthews International guide.
Other Operating Expenses vs Net Income
Other Operating Expenses vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Matthews International Other Operating Expenses account and
Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Matthews International's Other Operating Expenses and Net Income is -0.16. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Net Income in the same time period over historical financial statements of Matthews International, assuming nothing else is changed. The correlation between historical values of Matthews International's Other Operating Expenses and Net 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 Other Operating Expenses of Matthews International are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Other Operating Expenses i.e., Matthews International's Other Operating Expenses and Net Income go up and down completely randomly.
Correlation Coefficient | -0.16 |
| 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 Matthews International. It is also known as Matthews International 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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Matthews International financial statement analysis. It represents the amount of money remaining after all of Matthews International operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Matthews International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Matthews International 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Matthews International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Matthews Stock please use our
How to Invest in Matthews International guide.At this time, Matthews International's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 9.98 in 2024, whereas
Tax Provision is likely to drop slightly above 1.5
M in 2024.
Matthews International fundamental ratios Correlations
Click cells to compare fundamentals
Matthews International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Matthews International fundamental ratios Accounts
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Additional Tools for Matthews Stock Analysis
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measure Matthews International'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 Matthews International is operating at the current time. Most of Matthews International's value examination focuses on studying past and present price action to
predict the probability of Matthews International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Matthews International's price. Additionally, you may evaluate how the addition of Matthews International to your portfolios can decrease your overall portfolio volatility.