| AMS Stock | | | USD 3.32 0.10 3.11% |
American Shared financial indicator trend analysis is way more than just evaluating American Shared Hospital prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Shared Hospital is a good investment. Please check the relationship between American Shared Total Cash From Operating Activities and its Gross Profit Margin accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in American Shared Hospital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
American Shared Hospital Total Cash From Operating Activities account and
Gross Profit Margin. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between American Shared's Total Cash From Operating Activities and Gross Profit Margin is -0.55. Overlapping area represents the amount of variation of Total Cash From Operating Activities that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of American Shared Hospital, assuming nothing else is changed. The correlation between historical values of American Shared's Total Cash From Operating Activities and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Cash From Operating Activities of American Shared Hospital are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Total Cash From Operating Activities i.e., American Shared's Total Cash From Operating Activities and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | -0.55 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Most indicators from American Shared's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Shared Hospital 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 American Shared Hospital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
At this time, American Shared's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.26 in 2024, whereas
Selling General Administrative is likely to drop slightly above 4
M in 2024.
When running American Shared's price analysis, check to
measure American Shared'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 American Shared is operating at the current time. Most of American Shared's value examination focuses on studying past and present price action to
predict the probability of American Shared's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Shared's price. Additionally, you may evaluate how the addition of American Shared to your portfolios can decrease your overall portfolio volatility.