The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Inventronics Reconciled Depreciation account and
Total Other Income Expense Net. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Inventronics' Reconciled Depreciation and Total Other Income Expense Net is 0.8. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Inventronics, assuming nothing else is changed. The correlation between historical values of Inventronics' Reconciled Depreciation and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Inventronics are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Reconciled Depreciation i.e., Inventronics' Reconciled Depreciation and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | 0.8 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Most indicators from Inventronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inventronics 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inventronics. 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.
At this time, Inventronics'
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to climb to 7.70 in 2024, whereas
Tax Provision is likely to drop slightly above 108.2
K in 2024.
When running Inventronics' price analysis, check to
measure Inventronics' 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 Inventronics is operating at the current time. Most of Inventronics' value examination focuses on studying past and present price action to
predict the probability of Inventronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inventronics' price. Additionally, you may evaluate how the addition of Inventronics to your portfolios can decrease your overall portfolio volatility.