PDEX Stock | | | USD 50.99 0.74 1.47% |
Pro Dex financial indicator trend analysis is much more than just breaking down Pro Dex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pro Dex is a good investment. Please check the relationship between Pro Dex Reconciled Depreciation and its Cost Of Revenue accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pro Dex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy Pro Stock please use our
How to Invest in Pro Dex guide.
Reconciled Depreciation vs Cost Of Revenue
Reconciled Depreciation vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pro Dex Reconciled Depreciation account and
Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Pro Dex's Reconciled Depreciation and Cost Of Revenue is 0.79. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Pro Dex, assuming nothing else is changed. The correlation between historical values of Pro Dex's Reconciled Depreciation and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Pro Dex are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Reconciled Depreciation i.e., Pro Dex's Reconciled Depreciation and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Reconciled Depreciation
Cost Of Revenue
Cost of Revenue is found on Pro Dex income statement and represents the costs associated with goods and services Pro Dex 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.
Most indicators from Pro Dex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pro Dex 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pro Dex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy Pro Stock please use our
How to Invest in Pro Dex guide.At this time, Pro Dex's
Discontinued Operations is fairly stable compared to the past year.
Tax Provision is likely to rise to about 754.4
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 3.9
M in 2024.
Pro Dex fundamental ratios Correlations
Click cells to compare fundamentals
Pro Dex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pro Dex fundamental ratios Accounts
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Additional Tools for Pro Stock Analysis
When running Pro Dex's price analysis, check to
measure Pro Dex'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 Pro Dex is operating at the current time. Most of Pro Dex's value examination focuses on studying past and present price action to
predict the probability of Pro Dex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pro Dex's price. Additionally, you may evaluate how the addition of Pro Dex to your portfolios can decrease your overall portfolio volatility.