TY Stock | | | USD 34.03 0.14 0.41% |
Tri Continental financial indicator trend analysis is much more than just breaking down Tri Continental Closed prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tri Continental Closed is a good investment. Please check the relationship between Tri Continental Ebit and its Cost Of Revenue accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tri Continental Closed. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Ebit vs Cost Of Revenue
Ebit vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tri Continental Closed Ebit account and
Cost Of Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Tri Continental's Ebit and Cost Of Revenue is -0.13. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Tri Continental Closed, assuming nothing else is changed. The correlation between historical values of Tri Continental's Ebit and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Tri Continental Closed are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Ebit i.e., Tri Continental's Ebit and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Ebit
Cost Of Revenue
Cost of Revenue is found on Tri Continental Closed income statement and represents the costs associated with goods and services Tri Continental provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Tri Continental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tri Continental Closed 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 Tri Continental Closed. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
At this time, Tri Continental's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to rise to 7.63 in 2024, whereas
Selling General Administrative is likely to drop slightly above 392.1
K in 2024.
Tri Continental fundamental ratios Correlations
Click cells to compare fundamentals
Tri Continental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tri Continental fundamental ratios Accounts
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Additional Tools for Tri Stock Analysis
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measure Tri Continental'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 Tri Continental is operating at the current time. Most of Tri Continental's value examination focuses on studying past and present price action to
predict the probability of Tri Continental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tri Continental's price. Additionally, you may evaluate how the addition of Tri Continental to your portfolios can decrease your overall portfolio volatility.