L3Harris Operating Expenses vs Weighted Average Shares Diluted Analysis

L3Harris Technologies financial indicator trend analysis is infinitely more than just investigating L3Harris Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether L3Harris Technologies is a good investment. Please check the relationship between L3Harris Technologies Operating Expenses and its Weighted Average Shares Diluted accounts. Check out Stocks Correlation.

Operating Expenses vs Weighted Average Shares Diluted

Operating Expenses vs Weighted Average Shares Diluted Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of L3Harris Technologies Operating Expenses account and Weighted Average Shares Diluted. At this time, the significance of the direction appears to have almost identical trend.
The correlation between L3Harris Technologies' Operating Expenses and Weighted Average Shares Diluted is 0.94. Overlapping area represents the amount of variation of Operating Expenses that can explain the historical movement of Weighted Average Shares Diluted in the same time period over historical financial statements of L3Harris Technologies, assuming nothing else is changed. The correlation between historical values of L3Harris Technologies' Operating Expenses and Weighted Average Shares Diluted is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Expenses of L3Harris Technologies are associated (or correlated) with its Weighted Average Shares Diluted. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Weighted Average Shares Diluted has no effect on the direction of Operating Expenses i.e., L3Harris Technologies' Operating Expenses and Weighted Average Shares Diluted go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Operating Expenses

Operating expenses represents the total expenditure on [SGnA]; [RnD] and other operating expense items; it excludes [CoR].

Weighted Average Shares Diluted

The weighted average number of shares or units issued and outstanding that are used by the company to calculate [EPSDil]; determined based on the timing of issuance of shares or units in the period.
Most indicators from L3Harris Technologies fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into L3Harris Technologies 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 Stocks Correlation.L3Harris Technologies Net Loss Income from Discontinued Operations is fairly stable at the moment as compared to the past year. L3Harris Technologies reported Net Loss Income from Discontinued Operations of 1,000,000 in 2021. Selling General and Administrative Expense is likely to rise to about 3.5 B in 2022, whereas Issuance Purchase of Equity Shares is likely to drop (3.7 B) in 2022.
 2010 2021 2022 (projected)
Consolidated Income1.09 B1.84 B1.99 B
Direct Expenses12.89 B12.44 B13.42 B

L3Harris Technologies fundamental ratios Correlations

0.76-0.75-0.360.96-0.30.731.0-0.661.0-0.85-0.16-0.160.990.210.210.960.90.91-0.75-1.00.680.46-0.87
0.76-1.00.330.910.391.00.73-0.990.74-0.990.520.520.850.330.330.920.410.96-1.0-0.810.990.93-0.98
-0.75-1.0-0.35-0.9-0.41-1.0-0.710.99-0.730.98-0.54-0.54-0.83-0.33-0.33-0.91-0.39-0.961.00.8-1.0-0.940.98
-0.360.33-0.35-0.081.00.37-0.4-0.46-0.39-0.180.980.98-0.220.170.17-0.08-0.720.07-0.350.280.440.66-0.14
0.960.91-0.9-0.08-0.020.90.94-0.850.95-0.970.120.130.990.270.271.00.750.99-0.9-0.980.860.7-0.98
-0.30.39-0.411.0-0.020.42-0.35-0.51-0.33-0.240.990.99-0.160.190.19-0.01-0.680.13-0.410.220.50.7-0.2
0.731.0-1.00.370.90.420.7-1.00.71-0.980.550.550.820.330.330.90.370.95-1.0-0.791.00.94-0.97
1.00.73-0.71-0.40.94-0.350.7-0.631.0-0.83-0.21-0.210.980.190.190.940.920.89-0.71-0.990.640.42-0.85
-0.66-0.990.99-0.46-0.85-0.51-1.0-0.63-0.640.96-0.63-0.63-0.76-0.33-0.33-0.85-0.28-0.920.990.72-1.0-0.970.94
1.00.74-0.73-0.390.95-0.330.711.0-0.64-0.84-0.19-0.190.990.20.20.950.920.89-0.73-0.990.650.44-0.86
-0.85-0.990.98-0.18-0.97-0.24-0.98-0.830.96-0.84-0.38-0.38-0.92-0.31-0.31-0.97-0.55-0.990.980.89-0.96-0.861.0
-0.160.52-0.540.980.120.990.55-0.21-0.63-0.19-0.381.0-0.020.230.230.13-0.570.27-0.540.080.620.8-0.34
-0.160.52-0.540.980.130.990.55-0.21-0.63-0.19-0.381.0-0.020.230.230.13-0.570.27-0.540.080.620.8-0.34
0.990.85-0.83-0.220.99-0.160.820.98-0.760.99-0.92-0.02-0.020.240.240.990.830.96-0.83-1.00.770.59-0.94
0.210.33-0.330.170.270.190.330.19-0.330.2-0.310.230.230.241.00.270.070.3-0.33-0.230.330.33-0.31
0.210.33-0.330.170.270.190.330.19-0.330.2-0.310.230.230.241.00.270.070.3-0.33-0.230.330.33-0.31
0.960.92-0.91-0.081.0-0.010.90.94-0.850.95-0.970.130.130.990.270.270.740.99-0.91-0.980.860.7-0.98
0.90.41-0.39-0.720.75-0.680.370.92-0.280.92-0.55-0.57-0.570.830.070.070.740.64-0.39-0.860.30.04-0.58
0.910.96-0.960.070.990.130.950.89-0.920.89-0.990.270.270.960.30.30.990.64-0.96-0.940.920.8-1.0
-0.75-1.01.0-0.35-0.9-0.41-1.0-0.710.99-0.730.98-0.54-0.54-0.83-0.33-0.33-0.91-0.39-0.960.8-1.0-0.940.98
-1.0-0.810.80.28-0.980.22-0.79-0.990.72-0.990.890.080.08-1.0-0.23-0.23-0.98-0.86-0.940.8-0.74-0.540.91
0.680.99-1.00.440.860.51.00.64-1.00.65-0.960.620.620.770.330.330.860.30.92-1.0-0.740.97-0.95
0.460.93-0.940.660.70.70.940.42-0.970.44-0.860.80.80.590.330.330.70.040.8-0.94-0.540.97-0.84
-0.87-0.980.98-0.14-0.98-0.2-0.97-0.850.94-0.861.0-0.34-0.34-0.94-0.31-0.31-0.98-0.58-1.00.980.91-0.95-0.84
Click cells to compare fundamentals

L3Harris Technologies Account Relationship Matchups

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