| MTRX Stock | | | USD 13.30 0.15 1.12% |
Matrix Service financial indicator trend analysis is infinitely more than just investigating Matrix Service recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Matrix Service is a good investment. Please check the relationship between Matrix Service Cost Of Revenue and its Income Tax Expense accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Matrix Service Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Cost Of Revenue vs Income Tax Expense
Cost Of Revenue vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Matrix Service Cost Of Revenue account and
Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Matrix Service's Cost Of Revenue and Income Tax Expense is 0.43. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Matrix Service Co, assuming nothing else is changed. The correlation between historical values of Matrix Service's Cost Of Revenue and Income Tax Expense 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 Matrix Service Co are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Cost Of Revenue i.e., Matrix Service's Cost Of Revenue and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.43 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cost Of Revenue
Cost of Revenue is found on Matrix Service income statement and represents the costs associated with goods and services Matrix Service 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.
Income Tax Expense
Most indicators from Matrix Service's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Matrix Service 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 Matrix Service Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Matrix Service's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to rise to 4.78 in 2024, whereas
Selling General Administrative is likely to drop slightly above 52.5
M in 2024.
Matrix Service fundamental ratios Correlations
Click cells to compare fundamentals
Matrix Service Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Matrix Service fundamental ratios Accounts
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Additional Tools for Matrix Stock Analysis
When running Matrix Service's price analysis, check to
measure Matrix Service'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 Matrix Service is operating at the current time. Most of Matrix Service's value examination focuses on studying past and present price action to
predict the probability of Matrix Service's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Matrix Service's price. Additionally, you may evaluate how the addition of Matrix Service to your portfolios can decrease your overall portfolio volatility.