MDT Stock | | | USD 82.48 0.25 0.30% |
Medtronic PLC financial indicator trend analysis is infinitely more than just investigating Medtronic PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Medtronic PLC is a good investment. Please check the relationship between Medtronic PLC Dividends Paid and its Change In Cash accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Medtronic Stock please use our
How to Invest in Medtronic PLC guide.
Dividends Paid vs Change In Cash
Dividends Paid vs Change In Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Medtronic PLC Dividends Paid account and
Change In Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Medtronic PLC's Dividends Paid and Change In Cash is -0.3. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Medtronic PLC, assuming nothing else is changed. The correlation between historical values of Medtronic PLC's Dividends Paid and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Medtronic PLC are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Dividends Paid i.e., Medtronic PLC's Dividends Paid and Change In Cash go up and down completely randomly.
Correlation Coefficient | -0.3 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.
Change In Cash
Most indicators from Medtronic PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Medtronic PLC 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Medtronic Stock please use our
How to Invest in Medtronic PLC guide.At this time, Medtronic PLC's
Issuance Of Capital Stock is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 24.28 in 2024, whereas
Selling General Administrative is likely to drop slightly above 7.7
B in 2024.
Medtronic PLC fundamental ratios Correlations
Click cells to compare fundamentals
Medtronic PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Medtronic PLC fundamental ratios Accounts
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Additional Tools for Medtronic Stock Analysis
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measure Medtronic PLC'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 Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to
predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.