| AMS Stock | | | USD 3.32 0.13 4.08% |
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 Revenue and its Cost Of Revenue 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.
Total Revenue vs Cost Of Revenue
Total Revenue vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
American Shared Hospital Total Revenue account and
Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between American Shared's Total Revenue and Cost Of Revenue is 0.74. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Cost Of Revenue 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 Revenue and Cost Of Revenue 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 Revenue of American Shared Hospital are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Total Revenue i.e., American Shared's Total Revenue and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.74 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Revenue
Total revenue comprises all receipts American Shared Hospital generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Cost Of Revenue
Cost of Revenue is found on American Shared Hospital income statement and represents the costs associated with goods and services American Shared provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
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.
American Shared fundamental ratios Correlations
Click cells to compare fundamentals
American Shared Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Shared fundamental ratios Accounts
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Additional Tools for American Stock Analysis
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