4DX Stock | | | 0.46 0.01 2.22% |
4Dmedical financial indicator trend analysis is way more than just evaluating 4Dmedical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 4Dmedical is a good investment. Please check the relationship between 4Dmedical Income Before Tax and its Ebitda accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in 4Dmedical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Income Before Tax vs Ebitda
Income Before Tax vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
4Dmedical Income Before Tax account and
Ebitda. At this time, the significance of the direction appears to have almost identical trend.
The correlation between 4Dmedical's Income Before Tax and Ebitda is 0.95. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebitda in the same time period over historical financial statements of 4Dmedical, assuming nothing else is changed. The correlation between historical values of 4Dmedical's Income Before Tax and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of 4Dmedical are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Income Before Tax i.e., 4Dmedical's Income Before Tax and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on 4Dmedical income statement and is an important metric when analyzing 4Dmedical profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Ebitda
Most indicators from 4Dmedical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 4Dmedical 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in 4Dmedical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, 4Dmedical's
Tax Provision is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 47
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 15.5
M in 2024.
4Dmedical fundamental ratios Correlations
Click cells to compare fundamentals
4Dmedical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
4Dmedical fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for 4Dmedical Stock Analysis
When running 4Dmedical's price analysis, check to
measure 4Dmedical'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 4Dmedical is operating at the current time. Most of 4Dmedical's value examination focuses on studying past and present price action to
predict the probability of 4Dmedical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 4Dmedical's price. Additionally, you may evaluate how the addition of 4Dmedical to your portfolios can decrease your overall portfolio volatility.