| 688013 Stock | | | 19.73 0.32 1.60% |
Touchstone International financial indicator trend analysis is much more than just breaking down Touchstone International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Touchstone International is a good investment. Please check the relationship between Touchstone International Selling And Marketing Expenses and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Touchstone International Medical. 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Touchstone International Selling And Marketing Expenses account and
Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Touchstone International's Selling And Marketing Expenses and Selling General Administrative is 0.7. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Touchstone International Medical, assuming nothing else is changed. The correlation between historical values of Touchstone International's Selling And Marketing Expenses and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling And Marketing Expenses of Touchstone International Medical are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Selling And Marketing Expenses i.e., Touchstone International's Selling And Marketing Expenses and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.7 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Most indicators from Touchstone International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Touchstone International 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 Touchstone International Medical. 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.
The current year's Selling General Administrative is expected to grow to about 57
M, whereas
Tax Provision is forecasted to decline to about 604.3
K.
Balance Sheet is a snapshot of the
financial position of Touchstone International at a specified time, usually calculated after every quarter, six months, or one year. Touchstone International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Touchstone International and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Touchstone currently owns. An asset can also be divided into two categories, current and non-current.