Sparx Selling General Administrative vs Property Plant Equipment Analysis
SPRX Stock | 25.92 0.42 1.59% |
Sparx Technology financial indicator trend analysis is much more than just breaking down Sparx Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sparx Technology is a good investment. Please check the relationship between Sparx Technology Selling General Administrative and its Property Plant Equipment accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sparx Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Selling General Administrative vs Property Plant Equipment
Selling General Administrative vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sparx Technology Selling General Administrative account and Property Plant Equipment. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Sparx Technology's Selling General Administrative and Property Plant Equipment is 0.42. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Sparx Technology, assuming nothing else is changed. The correlation between historical values of Sparx Technology's Selling General Administrative and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Sparx Technology are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Selling General Administrative i.e., Sparx Technology's Selling General Administrative and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Selling General Administrative
Property Plant Equipment
Most indicators from Sparx Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sparx Technology 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 Sparx Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. Selling General Administrative is likely to climb to about 2.1 M in 2024, whereas Discontinued Operations is likely to drop (60.4 K) in 2024.
2010 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 1.4K | 1.7K | 2.0K | 1.7K | Total Operating Expenses | 3.2M | 2.3M | 2.1M | 2.2M |
Sparx Technology fundamental ratios Correlations
Click cells to compare fundamentals
Sparx Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Sparx Stock Analysis
When running Sparx Technology's price analysis, check to measure Sparx Technology'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 Sparx Technology is operating at the current time. Most of Sparx Technology's value examination focuses on studying past and present price action to predict the probability of Sparx Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sparx Technology's price. Additionally, you may evaluate how the addition of Sparx Technology to your portfolios can decrease your overall portfolio volatility.