| POET Stock | | | USD 4.25 0.24 5.99% |
POET Technologies financial indicator trend analysis is much more than just breaking down POET Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether POET Technologies is a good investment. Please check the relationship between POET Technologies Operating Income and its Income Tax Expense accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in POET Technologies. 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 POET Stock please use our
How to Invest in POET Technologies guide.
Operating Income vs Income Tax Expense
Operating Income vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
POET Technologies Operating Income account and
Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between POET Technologies' Operating Income and Income Tax Expense is -0.4. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of POET Technologies, assuming nothing else is changed. The correlation between historical values of POET Technologies' Operating Income 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 Operating Income of POET Technologies 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 Operating Income i.e., POET Technologies' Operating Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.4 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Operating Income
Operating Income is the amount of profit realized from POET Technologies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of POET Technologies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Income Tax Expense
Most indicators from POET Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into POET Technologies 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 POET Technologies. 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 POET Stock please use our
How to Invest in POET Technologies guide.At this time, POET Technologies'
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 63.6
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 7.9
M in 2024.
POET Technologies fundamental ratios Correlations
Click cells to compare fundamentals
POET Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
POET Technologies fundamental ratios Accounts
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Additional Tools for POET Stock Analysis
When running POET Technologies' price analysis, check to
measure POET Technologies' 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 POET Technologies is operating at the current time. Most of POET Technologies' value examination focuses on studying past and present price action to
predict the probability of POET Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move POET Technologies' price. Additionally, you may evaluate how the addition of POET Technologies to your portfolios can decrease your overall portfolio volatility.