FMX Stock | | | USD 96.87 0.14 0.14% |
Fomento Economico financial indicator trend analysis is much more than just examining Fomento Economico latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fomento Economico is a good investment. Please check the relationship between Fomento Economico Pfcf Ratio and its Income Quality accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fomento Economico Mexicano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Pfcf Ratio vs Income Quality
Pfcf Ratio vs Income Quality Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fomento Economico Pfcf Ratio account and
Income Quality. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Fomento Economico's Pfcf Ratio and Income Quality is -0.35. Overlapping area represents the amount of variation of Pfcf Ratio that can explain the historical movement of Income Quality in the same time period over historical financial statements of Fomento Economico Mexicano, assuming nothing else is changed. The correlation between historical values of Fomento Economico's Pfcf Ratio and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pfcf Ratio of Fomento Economico Mexicano are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Pfcf Ratio i.e., Fomento Economico's Pfcf Ratio and Income Quality go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Pfcf Ratio
Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.
Most indicators from Fomento Economico's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fomento Economico 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fomento Economico Mexicano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
At this time, Fomento Economico's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.07 in 2024, whereas
Tax Provision is likely to drop slightly above 13.3
B in 2024.
Fomento Economico fundamental ratios Correlations
Click cells to compare fundamentals
Fomento Economico Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fomento Economico fundamental ratios Accounts
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measure Fomento Economico'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 Fomento Economico is operating at the current time. Most of Fomento Economico's value examination focuses on studying past and present price action to
predict the probability of Fomento Economico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fomento Economico's price. Additionally, you may evaluate how the addition of Fomento Economico to your portfolios can decrease your overall portfolio volatility.