Basic Materials - Quarterly Net Income Analysis

Last updated 2024-09-19 04:41:45 (EDT)

Quarterly Net Income Trend Analysis

Overall Quarterly Net Income Growth Trend of Basic Materials Sector Companies.

Trend Chart of Adjusted Quarterly Net Income vs. Stock Price Trend Chart for Basic Materials Sector ETF (XLB)

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Seasonally Adjusted Quarterly Net Income Growth Rate


QoQ Growth Rate of Net Income	-9.8%
YoY Growth Rate of Net Income	-2.1%

Correlation Analysis between Quarterly Revenue and Stock Price

Determine the correlation between the stock price of the Basic Materials Sector ETF (XLB) and the seasonally adjusted overall quarterly net income of Basic Materials sector companies. If there is a moderate to high correlation, the overall seasonally adjusted quarterly revenue can be used to estimate whether the stock price is reasonable.

Scatter Plot of Basic Materials Seasonally Adjusted Quarterly Net Income vs. Stock Price for Basic Materials Sector

Basic Materials Seasonally Adjusted Quarterly Net Income and stock price of Basic Materials Sector show a Low Correlation. The higher the correlation, the greater the reference value.

The Coefficient of Determination
between Basic Materials Seasonally Adjusted Quarterly Net Income and Stock Price

Low Correlation 0.45

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Related Stocks

Related Basic Materials sector stocks, along with their quarterly revenue growth rates (QoQ and YoY).

Ticker	Name	QoQ Growth Rate of Seasonally Adjusted Quarterly Revenue	YoY Growth Rate of Seasonally Adjusted Quarterly Revenue
AA	Alcoa Corporation	Turn Losses into Profits	Turn Loss into Profit
CLF	Cleveland-Cliffs Inc.	Turn Losses into Profits	-99.4%
FMC	FMC Corporation	Turn Losses into Profits	867.5%
SQM	Sociedad Química y Minera de Chile S.A.	Turn Losses into Profits	-63.2%
SUM	Summit Materials, Inc.	Turn Losses into Profits	26.8%
BHP	BHP Group Limited	717.1%	-48.3%
HMY	Harmony Gold Mining Company Limited	427.5%	198.3%
NEM	Newmont Corporation	415.4%	450.3%
KGC	Kinross Gold Corporation	388.9%	39.7%
AGI	Alamos Gold Inc.	358.3%	-6.7%
CRH	CRH plc	355%	8.2%
AXTA	Axalta Coating Systems Ltd.	276.8%	83.9%
AU	AngloGold Ashanti Limited	178.3%	Turn Loss into Profit
IFF	International Flavors & Fragrances Inc.	158.7%	529.6%
AVTR	Avantor, Inc.	142.1%	Turn Loss into Profit
AEM	Agnico Eagle Mines Limited	135.8%	44.4%
ESI	Element Solutions Inc	125.7%	211.7%
WFG	West Fraser Timber Co. Ltd.	119.6%	Turn Loss into Profit
CTVA	Corteva, Inc.	115%	47.5%
WLK	Westlake Corporation	85.9%	5.4%
RGLD	Royal Gold, Inc.	79%	11.4%
GOLD	Barrick Gold Corporation	78%	21.3%
ICL	ICL Group Ltd	71.9%	-29.4%
VALE	Vale S.A.	69.4%	210.4%
EMN	Eastman Chemical Company	67.8%	-15.4%
TECK	Teck Resources Limited	63.8%	-28.8%
CE	Celanese Corporation	49.6%	-29.5%
LYB	LyondellBasell Industries N.V.	38.5%	29.3%
PKX	POSCO Holdings Inc.	38.4%	-23.2%
SCCO	Southern Copper Corporation	38.1%	73.6%
APD	Air Products and Chemicals, Inc.	34.8%	17%
LIN	Linde plc	28.6%	5.6%
EXP	Eagle Materials Inc.	24.8%	10.8%
DD	DuPont de Nemours, Inc.	24.3%	Turn Loss into Profit
CBT	Cabot Corporation	23.1%	32.9%
NEU	NewMarket Corporation	20.2%	12%
FCX	Freeport-McMoRan Inc.	19.8%	-15.5%
CF	CF Industries Holdings, Inc.	12.3%	-20.3%
VMC	Vulcan Materials Company	12.3%	-0.2%
ECL	Ecolab Inc.	5.4%	48.9%
BCPC	Balchem Corporation	4.8%	6.5%
JHX	James Hardie Industries plc	4.3%	-1.6%
SHW	The Sherwin-Williams Company	2.2%	12.1%
PPG	PPG Industries, Inc.	1.1%	7.8%
RIO	Rio Tinto Group	-2%	-34.8%
DOW	Dow Inc.	-2.1%	-9.5%
UNVR	Univar Solutions Inc.	-5%	-46.1%
RS	Reliance Steel & Aluminum Co.	-14.9%	-30.5%
CMC	Commercial Metals Company	-22.7%	-49%
MT	ArcelorMittal S.A.	-24.7%	-22.5%
NTR	Nutrien Ltd.	-26.7%	-12.5%
UFPI	UFP Industries, Inc.	-28.3%	-16.5%
STLD	Steel Dynamics, Inc.	-30.9%	-47.3%
WPM	Wheaton Precious Metals Corp.	-34.4%	-13.5%
BCC	Boise Cascade Company	-38.7%	-23.3%
CX	CEMEX, S.A.B. de C.V.	-42.7%	-15.3%
NUE	Nucor Corporation	-46.2%	-55.8%
GFI	Gold Fields Limited	-47.1%	-23.7%
RPM	RPM International Inc.	-48.7%	19.3%
FNV	Franco-Nevada Corporation	-52.2%	-56.9%
GGB	Gerdau S.A.	-55.1%	-59.8%
X	United States Steel Corporation	-59.4%	-61.6%
MLM	Martin Marietta Materials, Inc.	-94.1%	-15.5%
ALB	Albemarle Corporation	-100%	-100%
AUY	Yamana Gold Inc.	-100%	-100%
MOS	The Mosaic Company	-100%	-100%
SUZ	Suzano S.A.	-100%	-100%
TX	Ternium S.A.	-100%	-100%
IKNX	IKONICS Corporation	-	-
PAAS	Pan American Silver Corp.	-	-

Disclaimer

1. The information provided is for reference only and does not constitute any guarantee of profits or specific stock and price point recommendations.

2. The information is not complete; for comprehensive data, please refer to the relevant websites.

3. All stock market data analyses are subject to survivorship bias.