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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Company Gross Operating Profits QoQ held to -0.8% in Q3 2013
FMPMonthlyReleased September 2013
Australia Company Gross Operating Profits QoQ held to -0.8% in Q3 2013. The reading missed the 0.7% consensus by 1.5%.
Latest Release
-0.8
Actual
0.7
Consensus
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Company Gross Operating Profits QoQ (Australia) was reported at -0.8% in September 2013. This missed the market consensus of 0.7% by 1.5%.
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).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update September 2013.
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Company Gross Operating Profits QoQ - AU
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About Company Gross Operating Profits QoQ — Australia
DEFINITION
Company Gross Operating Profits QoQ (Quarter over Quarter) is a financial indicator that measures the change in a company's operating profits from one quarter to the next. It provides valuable insight into the company's financial performance and can help investors and analysts assess its growth and profitability over time. This indicator is often used to track the company's operational efficiency and identify potential areas for improvement. A positive QoQ growth in gross operating profits indicates a healthy and successful business, while a negative growth may signal potential challenges or issues within the company's operations.
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 (Sep 2013): actual -0.8 %, consensus 0.7 %. Prior reading (Sep 2013): -0.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary neutral force in the projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.