| TPCS Stock | | | USD 3.20 0.12 3.90% |
TechPrecision Common financial indicator trend analysis is much more than just breaking down TechPrecision Common prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TechPrecision Common is a good investment. Please check the relationship between TechPrecision Common Income Before Tax and its Total Operating Expenses accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TechPrecision Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
For more information on how to buy TechPrecision Stock please use our
How to Invest in TechPrecision Common guide.
Income Before Tax vs Total Operating Expenses
Income Before Tax vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TechPrecision Common Income Before Tax account and
Total Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between TechPrecision Common's Income Before Tax and Total Operating Expenses is -0.62. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of TechPrecision Common, assuming nothing else is changed. The correlation between historical values of TechPrecision Common's Income Before Tax 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 Income Before Tax of TechPrecision Common 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 Income Before Tax i.e., TechPrecision Common's Income Before Tax and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.62 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on TechPrecision Common income statement and is an important metric when analyzing TechPrecision Common profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
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 TechPrecision Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TechPrecision Common 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 TechPrecision Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
For more information on how to buy TechPrecision Stock please use our
How to Invest in TechPrecision Common guide.
Tax Provision is likely to gain to about 2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 8.3
M in 2024.
TechPrecision Common fundamental ratios Correlations
Click cells to compare fundamentals
TechPrecision Common Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TechPrecision Common fundamental ratios Accounts
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Additional Tools for TechPrecision Stock Analysis
When running TechPrecision Common's price analysis, check to
measure TechPrecision Common'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 TechPrecision Common is operating at the current time. Most of TechPrecision Common's value examination focuses on studying past and present price action to
predict the probability of TechPrecision Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TechPrecision Common's price. Additionally, you may evaluate how the addition of TechPrecision Common to your portfolios can decrease your overall portfolio volatility.