Tirex Net Income vs Ebit Analysis
Tirex Corp financial indicator trend analysis is much more than just breaking down Tirex Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tirex Corp is a good investment. Please check the relationship between Tirex Corp Net Income and its Ebit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tirex Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For information on how to trade Tirex Stock refer to our How to Trade Tirex Stock guide.
Net Income vs Ebit
Net Income vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tirex Corp Net Income account and Ebit. At this time, the significance of the direction appears to have weak relationship.
The correlation between Tirex Corp's Net Income and Ebit is 0.32. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Ebit in the same time period over historical financial statements of Tirex Corp, assuming nothing else is changed. The correlation between historical values of Tirex Corp's Net Income and Ebit 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 Tirex Corp are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Net Income i.e., Tirex Corp's Net Income and Ebit go up and down completely randomly.
Correlation Coefficient | 0.32 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Tirex Corp financial statement analysis. It represents the amount of money remaining after all of Tirex Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Ebit
Most indicators from Tirex Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tirex Corp 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 Tirex Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For information on how to trade Tirex Stock refer to our How to Trade Tirex Stock guide.As of November 26, 2024, Selling General Administrative is expected to decline to about 38.1 K. In addition to that, Enterprise Value Over EBITDA is expected to decline to -1.05
Tirex Corp fundamental ratios Correlations
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Tirex Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
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.When determining whether Tirex Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tirex Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tirex Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tirex Corp Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tirex Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For information on how to trade Tirex Stock refer to our How to Trade Tirex Stock guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tirex Corp. If investors know Tirex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tirex Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Tirex Corp is measured differently than its book value, which is the value of Tirex that is recorded on the company's balance sheet. Investors also form their own opinion of Tirex Corp's value that differs from its market value or its book value, called intrinsic value, which is Tirex Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tirex Corp's market value can be influenced by many factors that don't directly affect Tirex Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tirex Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tirex Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tirex Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.