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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Company Gross Operating Profits climbed to -1.0% in March 2013
FMPMonthlyReleased March 2013
Australia Company Gross Operating Profits climbed to -1.0% in March 2013, up 1.9% from February's -2.9% reading. The reading matched the -1.0% consensus.
Latest Release
-1
Actual
-1
Consensus
-2.9
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Moves with | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Company Gross Operating Profits (Australia) was reported at 3% in June 2013.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD).
Auto-generated from current model state · Refreshes on each release · Last update June 2013.
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Company Gross Operating Profits - AU
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About Company Gross Operating Profits — Australia
DEFINITION
Company Gross Operating Profits is a financial indicator that measures the profitability of a company's core operations. It takes into account the revenue generated from sales and deducts all operating expenses, including cost of goods sold, salaries, and overhead costs. This metric provides insight into the efficiency and effectiveness of a company's operations and is often used by investors and analysts to evaluate the financial health and performance of a company. A higher gross operating profit indicates a stronger and more profitable business.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2013): actual 3 %. Prior reading (Jun 2013): 3 %. Before that (Mar 2013): -1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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