Erasca Net Income vs Total Operating Expenses Analysis
| ERAS Stock | USD 2.72 0.13 5.02% |
Erasca financial indicator trend analysis is much more than just examining Erasca Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Erasca Inc is a good investment. Please check the relationship between Erasca Net Income and its Total Operating Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erasca Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Net Income vs Total Operating Expenses
Net Income vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Erasca Inc Net Income account and Total Operating Expenses. At this time, the significance of the direction appears to have pay attention.
The correlation between Erasca's Net Income and Total Operating Expenses is -0.86. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Erasca Inc, assuming nothing else is changed. The correlation between historical values of Erasca's Net Income and Total Operating Expenses 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 Erasca Inc are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Net Income i.e., Erasca's Net Income and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.86 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Erasca Inc financial statement analysis. It represents the amount of money remaining after all of Erasca Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most indicators from Erasca's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Erasca Inc 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 Erasca Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. Selling General Administrative is likely to drop to about 23.1 M in 2024. Issuance Of Capital Stock is likely to drop to 0.00 in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 190K | 4.9M | 15.4M | 16.1M | Net Interest Income | 190K | 4.9M | 15.4M | 16.1M |
Erasca fundamental ratios Correlations
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Erasca Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Erasca Stock Analysis
When running Erasca's price analysis, check to measure Erasca'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 Erasca is operating at the current time. Most of Erasca's value examination focuses on studying past and present price action to predict the probability of Erasca's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erasca's price. Additionally, you may evaluate how the addition of Erasca to your portfolios can decrease your overall portfolio volatility.