| SNGX Stock | | | USD 3.35 0.02 0.60% |
Soligenix financial indicator trend analysis is much more than just breaking down Soligenix prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Soligenix is a good investment. Please check the relationship between Soligenix Non Operating Income Net Other and its Gross Profit accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Soligenix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Soligenix Stock please use our
How to Invest in Soligenix guide.
Non Operating Income Net Other vs Gross Profit
Non Operating Income Net Other vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Soligenix Non Operating Income Net Other account and
Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Soligenix's Non Operating Income Net Other and Gross Profit is -0.15. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Soligenix, assuming nothing else is changed. The correlation between historical values of Soligenix's Non Operating Income Net Other and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Operating Income Net Other of Soligenix are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Non Operating Income Net Other i.e., Soligenix's Non Operating Income Net Other and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.15 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Non Operating Income Net Other
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Soligenix minus its cost of goods sold. It is profit before Soligenix 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.
Most indicators from Soligenix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Soligenix 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 Soligenix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Soligenix Stock please use our
How to Invest in Soligenix guide.
Selling General Administrative is likely to drop to about 4.3
M in 2024.
Tax Provision is likely to rise to about (1.1
M) in 2024
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 95.6K | 398.1K | 97.3K | 92.4K | Total Revenue | 824.3K | 948.9K | 839.4K | 797.4K |
Soligenix fundamental ratios Correlations
Click cells to compare fundamentals
Soligenix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Soligenix fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Soligenix Stock Analysis
When running Soligenix's price analysis, check to
measure Soligenix'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 Soligenix is operating at the current time. Most of Soligenix's value examination focuses on studying past and present price action to
predict the probability of Soligenix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Soligenix's price. Additionally, you may evaluate how the addition of Soligenix to your portfolios can decrease your overall portfolio volatility.