Apple Income Statement Accounts Correlations

AAPL -- USA Stock

USD 191.88 1.48 0.78%

Most accounts from Apple income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Apple current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check also Apple Valuation and Apple Correlation analysis.

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Balance Sheet Income Statement Cash Flow Fundamental Ratios Valuation Data

	Consolidated Income	Cost of Revenue	Earning Before Interest and Taxes EBIT	Gross Profit	Net Income	Net Income Common Stock	Operating Expenses	Operating Income	Revenues	Research and Development Expense	Weighted Average Shares	Weighted Average Shares Diluted	Income Tax Expense
Consolidated Income		0.98	1.0	0.99	1.0	1.0	0.94	1.0	0.99	0.87	-0.13	0.1	1.0
Cost of Revenue	0.98		0.98	0.99	0.98	0.98	0.98	0.98	1.0	0.93	-0.24	0.02	0.98
Earning Before Interest and Taxes EBIT	1.0	0.98		0.99	1.0	1.0	0.94	1.0	0.99	0.87	-0.13	0.1	1.0
Gross Profit	0.99	0.99	0.99		0.99	0.99	0.96	0.99	0.99	0.89	-0.15	0.03	0.99
Net Income	1.0	0.98	1.0	0.99		1.0	0.94	1.0	0.99	0.87	-0.13	0.1	1.0
Net Income Common Stock	1.0	0.98	1.0	0.99	1.0		0.94	1.0	0.99	0.87	-0.13	0.1	1.0
Operating Expenses	0.94	0.98	0.94	0.96	0.94	0.94		0.94	0.98	0.98	-0.36	-0.07	0.94
Operating Income	1.0	0.98	1.0	0.99	1.0	1.0	0.94		0.99	0.87	-0.13	0.1	1.0
Revenues	0.99	1.0	0.99	0.99	0.99	0.99	0.98	0.99		0.92	-0.21	0.03	0.99
Research and Development Expense	0.87	0.93	0.87	0.89	0.87	0.87	0.98	0.87	0.92		-0.5	-0.2	0.87
Weighted Average Shares	-0.13	-0.24	-0.13	-0.15	-0.13	-0.13	-0.36	-0.13	-0.21	-0.5		0.73	-0.14
Weighted Average Shares Diluted	0.1	0.02	0.1	0.03	0.1	0.1	-0.07	0.1	0.03	-0.2	0.73		0.09
Income Tax Expense	1.0	0.98	1.0	0.99	1.0	1.0	0.94	1.0	0.99	0.87	-0.14	0.09

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Account Relationship Matchups

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Pair Correlation

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Correlation analysis and pair trading evaluation for Apple and Fabrinet. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return

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Apple Income Statement Accounts Correlations

USD 191.88 1.48 0.78%

Account Relationship Matchups

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Current Sentiment - AAPL

Pair Correlation

Earning Before Interest a...	+ 1.0	Consolidated Income
Net Income	+ 1.0	Consolidated Income
Net Income Common Stock	+ 1.0	Consolidated Income
Operating Income	+ 1.0	Consolidated Income
Income Tax Expense	+ 1.0	Consolidated Income
Revenues	+ 1.0	Cost of Revenue

Weighted Average Shares	- 0.5	Research and Development ...
Weighted Average Shares	- 0.36	Operating Expenses
Weighted Average Shares	- 0.24	Cost of Revenue
Weighted Average Shares	- 0.21	Revenues
Weighted Average Shares D...	- 0.2	Research and Development ...
Weighted Average Shares	- 0.15	Gross Profit