Western Operating Income vs Net Income From Continuing Ops Analysis

WAVSW Stock  USD 0.02  0  12.62%   
Western Acquisition financial indicator trend analysis is more than just analyzing Western Acquisition current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Acquisition is a good investment. Please check the relationship between Western Acquisition Operating Income and its Net Income From Continuing Ops accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Acquisition Ventures. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Operating Income vs Net Income From Continuing Ops

Operating Income vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Acquisition Operating Income account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Western Acquisition's Operating Income and Net Income From Continuing Ops is -0.55. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Western Acquisition Ventures, assuming nothing else is changed. The correlation between historical values of Western Acquisition's Operating Income and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Western Acquisition Ventures are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Operating Income i.e., Western Acquisition's Operating Income and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

-0.55
Relationship DirectionNegative 
Relationship StrengthVery Weak

Operating Income

Operating Income is the amount of profit realized from Western Acquisition operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Western Acquisition Ventures is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income From Continuing Ops

Most indicators from Western Acquisition's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Acquisition 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Acquisition Ventures. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Selling General Administrative is likely to climb to about 1.1 M in 2024, whereas Tax Provision is likely to drop slightly above 191.1 K in 2024.
 2010 2023 2024 (projected)
Net Interest Income1.6M1.3M1.1M
Tax Provision250.7K227.0K191.1K

Western Acquisition fundamental ratios Correlations

0.57-0.320.221.0-0.97-0.350.521.01.01.01.0-0.23-0.10.380.221.00.570.991.00.11-0.571.00.070.07
0.570.540.930.54-0.38-0.930.990.550.570.570.55-0.930.7-0.50.930.541.00.650.57-0.710.330.57-0.74-0.76
-0.320.540.79-0.350.53-0.780.62-0.34-0.32-0.32-0.34-0.820.97-1.00.79-0.350.54-0.22-0.32-0.970.81-0.32-0.97-0.95
0.220.930.790.19-0.01-0.940.940.190.220.220.19-0.990.88-0.771.00.190.930.320.22-0.90.650.22-0.91-0.94
1.00.54-0.350.19-0.98-0.320.491.01.01.01.0-0.2-0.130.410.191.00.540.991.00.14-0.591.00.10.1
-0.97-0.380.53-0.01-0.980.12-0.31-0.98-0.97-0.97-0.980.010.33-0.58-0.01-0.98-0.38-0.94-0.97-0.330.7-0.97-0.3-0.29
-0.35-0.93-0.78-0.94-0.320.12-0.97-0.32-0.35-0.35-0.320.97-0.90.73-0.94-0.32-0.93-0.45-0.350.89-0.45-0.350.910.9
0.520.990.620.940.49-0.31-0.970.490.510.510.49-0.950.77-0.580.940.490.990.60.52-0.780.360.52-0.8-0.82
1.00.55-0.340.191.0-0.98-0.320.491.01.01.0-0.2-0.130.410.191.00.550.991.00.13-0.581.00.10.1
1.00.57-0.320.221.0-0.97-0.350.511.01.01.0-0.23-0.10.380.221.00.570.991.00.11-0.571.00.070.07
1.00.57-0.320.221.0-0.97-0.350.511.01.01.0-0.23-0.10.380.221.00.570.991.00.11-0.571.00.070.07
1.00.55-0.340.191.0-0.98-0.320.491.01.01.0-0.2-0.130.410.191.00.550.991.00.13-0.581.00.10.1
-0.23-0.93-0.82-0.99-0.20.010.97-0.95-0.2-0.23-0.23-0.2-0.910.79-0.99-0.2-0.93-0.33-0.230.92-0.62-0.230.930.95
-0.10.70.970.88-0.130.33-0.90.77-0.13-0.1-0.1-0.13-0.91-0.960.88-0.130.70.01-0.1-1.00.71-0.1-1.0-0.98
0.38-0.5-1.0-0.770.41-0.580.73-0.580.410.380.380.410.79-0.96-0.770.41-0.50.280.380.96-0.850.380.950.94
0.220.930.791.00.19-0.01-0.940.940.190.220.220.19-0.990.88-0.770.190.930.320.22-0.90.650.22-0.91-0.94
1.00.54-0.350.191.0-0.98-0.320.491.01.01.01.0-0.2-0.130.410.190.540.991.00.14-0.591.00.10.1
0.571.00.540.930.54-0.38-0.930.990.550.570.570.55-0.930.7-0.50.930.540.650.57-0.710.330.57-0.74-0.76
0.990.65-0.220.320.99-0.94-0.450.60.990.990.990.99-0.330.010.280.320.990.650.990.0-0.490.99-0.04-0.04
1.00.57-0.320.221.0-0.97-0.350.521.01.01.01.0-0.23-0.10.380.221.00.570.990.1-0.561.00.070.07
0.11-0.71-0.97-0.90.14-0.330.89-0.780.130.110.110.130.92-1.00.96-0.90.14-0.710.00.1-0.740.11.00.99
-0.570.330.810.65-0.590.7-0.450.36-0.58-0.57-0.57-0.58-0.620.71-0.850.65-0.590.33-0.49-0.56-0.74-0.56-0.72-0.77
1.00.57-0.320.221.0-0.97-0.350.521.01.01.01.0-0.23-0.10.380.221.00.570.991.00.1-0.560.070.07
0.07-0.74-0.97-0.910.1-0.30.91-0.80.10.070.070.10.93-1.00.95-0.910.1-0.74-0.040.071.0-0.720.070.99
0.07-0.76-0.95-0.940.1-0.290.9-0.820.10.070.070.10.95-0.980.94-0.940.1-0.76-0.040.070.99-0.770.070.99
Click cells to compare fundamentals

Western Acquisition Account Relationship Matchups

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