688277 Stock | | | 10.66 0.08 0.74% |
Tinavi Medical financial indicator trend analysis is much more than just breaking down Tinavi Medical Techn prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tinavi Medical Techn is a good investment. Please check the relationship between Tinavi Medical Other Stockholder Equity and its Net Working Capital accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tinavi Medical Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tinavi Medical Techn Other Stockholder Equity account and
Net Working Capital. At this time, the significance of the direction appears to have weak relationship.
The correlation between Tinavi Medical's Other Stockholder Equity and Net Working Capital is 0.35. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Tinavi Medical Technologies, assuming nothing else is changed. The correlation between historical values of Tinavi Medical's Other Stockholder Equity and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Tinavi Medical Technologies are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Other Stockholder Equity i.e., Tinavi Medical's Other Stockholder Equity and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.35 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Most indicators from Tinavi Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tinavi Medical Techn 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 Tinavi Medical Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Tax Provision is expected to grow to about 11.1
M, whereas
Selling General Administrative is forecasted to decline to about 105.6
M.
Balance Sheet is a snapshot of the
financial position of Tinavi Medical Techn at a specified time, usually calculated after every quarter, six months, or one year. Tinavi Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tinavi Medical 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 Tinavi currently owns. An asset can also be divided into two categories, current and non-current.