Raiden Resources financial indicator trend analysis is much more than just breaking down Raiden Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Raiden Resources is a good investment. Please check the relationship between Raiden Resources Gross Profit and its Net Income accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raiden Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Gross Profit vs Net Income
Gross Profit vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Raiden Resources Gross Profit account and
Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Raiden Resources' Gross Profit and Net Income is -0.25. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of Raiden Resources, assuming nothing else is changed. The correlation between historical values of Raiden Resources' Gross Profit 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 Gross Profit of Raiden Resources 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 Gross Profit i.e., Raiden Resources' Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | -0.25 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Raiden Resources minus its cost of goods sold. It is profit before Raiden Resources operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Raiden Resources financial statement analysis. It represents the amount of money remaining after all of Raiden Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Raiden Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Raiden Resources 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 Raiden Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Issuance Of Capital Stock is likely to gain to about 2.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 946.3
K in 2024.
Raiden Resources fundamental ratios Correlations
Click cells to compare fundamentals
Raiden Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Raiden Resources fundamental ratios Accounts
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Additional Tools for Raiden Stock Analysis
When running Raiden Resources' price analysis, check to
measure Raiden Resources' 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 Raiden Resources is operating at the current time. Most of Raiden Resources' value examination focuses on studying past and present price action to
predict the probability of Raiden Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raiden Resources' price. Additionally, you may evaluate how the addition of Raiden Resources to your portfolios can decrease your overall portfolio volatility.