688613 Stock | | | 17.12 0.36 2.06% |
Allgens Medical financial indicator trend analysis is way more than just evaluating Allgens Medical Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allgens Medical Tech is a good investment. Please check the relationship between Allgens Medical Ebit and its Selling And Marketing Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Allgens Medical Technology. 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
Allgens Medical Tech Ebit account and
Selling And Marketing Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Allgens Medical's Ebit and Selling And Marketing Expenses is 0.79. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of Allgens Medical Technology, assuming nothing else is changed. The correlation between historical values of Allgens Medical's Ebit and Selling And Marketing Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Allgens Medical Technology are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Ebit i.e., Allgens Medical's Ebit and Selling And Marketing Expenses go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Allgens Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allgens Medical Tech 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 Allgens Medical Technology. 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 92.6
M, whereas
Tax Provision is projected to grow to (3.7
M).
Balance Sheet is a snapshot of the
financial position of Allgens Medical Tech at a specified time, usually calculated after every quarter, six months, or one year. Allgens Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Allgens 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 Allgens currently owns. An asset can also be divided into two categories, current and non-current.