The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Inventronics Total Other Income Expense Net account and
Income Tax Expense. At this time, the significance of the direction appears to have totally related.
The correlation between Inventronics' Total Other Income Expense Net and Income Tax Expense is 1.0. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Inventronics, assuming nothing else is changed. The correlation between historical values of Inventronics' Total Other Income Expense Net and Income Tax Expense 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 Other Income Expense Net of Inventronics are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Total Other Income Expense Net i.e., Inventronics' Total Other Income Expense Net and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very 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.