SNEX Stock | | | USD 104.18 0.20 0.19% |
Stonex financial indicator trend analysis is much more than just breaking down Stonex Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stonex Group is a good investment. Please check the relationship between Stonex Net Income and its Change To Inventory accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Stonex Group. 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 Change To Inventory
Net Income vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Stonex Group Net Income account and
Change To Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Stonex's Net Income and Change To Inventory is -0.11. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Stonex Group, assuming nothing else is changed. The correlation between historical values of Stonex's Net Income and Change To Inventory 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 Stonex Group are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Net Income i.e., Stonex's Net Income and Change To Inventory go up and down completely randomly.
Correlation Coefficient | -0.11 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Stonex Group financial statement analysis. It represents the amount of money remaining after all of Stonex Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Stonex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stonex Group 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Stonex Group. 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, Stonex's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 102
M in 2024, whereas
Discontinued Operations is likely to drop (283.5
K) in 2024.
Stonex fundamental ratios Correlations
Click cells to compare fundamentals
Stonex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stonex fundamental ratios Accounts
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Additional Tools for Stonex Stock Analysis
When running Stonex's price analysis, check to
measure Stonex'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 Stonex is operating at the current time. Most of Stonex's value examination focuses on studying past and present price action to
predict the probability of Stonex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stonex's price. Additionally, you may evaluate how the addition of Stonex to your portfolios can decrease your overall portfolio volatility.