| RRX Stock | | | USD 171.97 10.25 5.63% |
Regal Beloit financial indicator trend analysis is much more than just breaking down Regal Beloit prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Regal Beloit is a good investment. Please check the relationship between Regal Beloit Other Operating Expenses and its Total Operating Expenses accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Regal Beloit. 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.
For more information on how to buy Regal Stock please use our
How to Invest in Regal Beloit guide.
Other Operating Expenses vs Total Operating Expenses
Other Operating Expenses vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Regal Beloit Other Operating Expenses account and
Total Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Regal Beloit's Other Operating Expenses and Total Operating Expenses is 0.97. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Regal Beloit, assuming nothing else is changed. The correlation between historical values of Regal Beloit's Other Operating Expenses and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Regal Beloit are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Other Operating Expenses i.e., Regal Beloit's Other Operating Expenses and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Regal Beloit. It is also known as Regal Beloit overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Regal Beloit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Regal Beloit 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 Regal Beloit. 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.
For more information on how to buy Regal Stock please use our
How to Invest in Regal Beloit guide.
Tax Provision is likely to rise to about 71.7
M in 2024.
Enterprise Value Over EBITDA is likely to rise to 17.98 in 2024
Regal Beloit fundamental ratios Correlations
Click cells to compare fundamentals
Regal Beloit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Regal Beloit fundamental ratios Accounts
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Additional Tools for Regal Stock Analysis
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measure Regal Beloit'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 Regal Beloit is operating at the current time. Most of Regal Beloit's value examination focuses on studying past and present price action to
predict the probability of Regal Beloit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Regal Beloit's price. Additionally, you may evaluate how the addition of Regal Beloit to your portfolios can decrease your overall portfolio volatility.