Phoenix Net Income vs Net Interest Income Analysis
PEV Stock | USD 0.34 0.02 6.25% |
Phoenix financial indicator trend analysis is much more than just breaking down Phoenix Motor Common prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phoenix Motor Common is a good investment. Please check the relationship between Phoenix Net Income and its Net Interest Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phoenix Motor Common. 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.
Net Income vs Net Interest Income
Net Income vs Net Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phoenix Motor Common Net Income account and Net Interest Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Phoenix's Net Income and Net Interest Income is 0.86. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Phoenix Motor Common, assuming nothing else is changed. The correlation between historical values of Phoenix's Net Income and Net Interest 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 Net Income of Phoenix Motor Common are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Net Income i.e., Phoenix's Net Income and Net Interest Income go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Phoenix Motor Common financial statement analysis. It represents the amount of money remaining after all of Phoenix Motor Common operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most indicators from Phoenix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phoenix Motor Common 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 Phoenix Motor Common. 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. At this time, Phoenix's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 57.4 M in 2024, whereas Tax Provision is likely to drop slightly above 15.4 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3K | 7K | 606K | 636.3K | Depreciation And Amortization | 1.7M | 2.3M | 2.0M | 1.7M |
Phoenix fundamental ratios Correlations
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Phoenix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Phoenix Stock Analysis
When running Phoenix's price analysis, check to measure Phoenix'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 Phoenix is operating at the current time. Most of Phoenix's value examination focuses on studying past and present price action to predict the probability of Phoenix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoenix's price. Additionally, you may evaluate how the addition of Phoenix to your portfolios can decrease your overall portfolio volatility.