| REX Stock | | | USD 46.28 0.62 1.36% |
REX American financial indicator trend analysis is much more than just breaking down REX American Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether REX American Resources is a good investment. Please check the relationship between REX American Net Income and its Investments accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in REX American Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Net Income vs Investments
Net Income vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
REX American Resources Net Income account and
Investments. At this time, the significance of the direction appears to have almost no relationship.
The correlation between REX American's Net Income and Investments is 0.1. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Investments in the same time period over historical financial statements of REX American Resources, assuming nothing else is changed. The correlation between historical values of REX American's Net Income and Investments 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 REX American Resources are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Net Income i.e., REX American's Net Income and Investments go up and down completely randomly.
Correlation Coefficient | 0.1 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in REX American Resources financial statement analysis. It represents the amount of money remaining after all of REX American Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from REX American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into REX American Resources 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 Equity Center to better understand how to build diversified portfolios, which includes a position in REX American Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, REX American's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 23.7
M in 2024, whereas
Discontinued Operations is likely to drop slightly above 2.9
M in 2024.
REX American fundamental ratios Correlations
Click cells to compare fundamentals
REX American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
REX American fundamental ratios Accounts
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Additional Tools for REX Stock Analysis
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measure REX American'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 REX American is operating at the current time. Most of REX American's value examination focuses on studying past and present price action to
predict the probability of REX American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move REX American's price. Additionally, you may evaluate how the addition of REX American to your portfolios can decrease your overall portfolio volatility.