| 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 Other Non Cash Items and its Change In Working Capital 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.
Other Non Cash Items vs Change In Working Capital
Other Non Cash Items vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
REX American Resources Other Non Cash Items account and
Change In Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between REX American's Other Non Cash Items and Change In Working Capital is -0.03. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Change In Working Capital 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 Other Non Cash Items and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of REX American Resources are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Other Non Cash Items i.e., REX American's Other Non Cash Items and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.03 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Non Cash Items
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
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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