Manhattan Corp financial indicator trend analysis is infinitely more than just investigating Manhattan Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Manhattan Corp is a good investment. Please check the relationship between Manhattan Corp Net Income and its Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manhattan Corp. 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.
Net Income vs Depreciation
Net Income vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Manhattan Corp Net Income account and
Depreciation. At this time, the significance of the direction appears to have very week relationship.
The correlation between Manhattan Corp's Net Income and Depreciation is 0.28. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Manhattan Corp, assuming nothing else is changed. The correlation between historical values of Manhattan Corp's Net Income and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Manhattan Corp are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., Manhattan Corp's Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.28 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Manhattan Corp financial statement analysis. It represents the amount of money remaining after all of Manhattan Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Depreciation
Depreciation indicates how much of Manhattan Corp value has been used up. For tax purposes Manhattan Corp can deduct the cost of the tangible assets it purchases as business expenses. However, Manhattan Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Manhattan Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Manhattan Corp 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 Manhattan Corp. 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.
Selling General Administrative is likely to drop to about 514.5
K in 2024.
Issuance Of Capital Stock is likely to drop to about 4
M in 2024
Manhattan Corp fundamental ratios Correlations
Click cells to compare fundamentals
Manhattan Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Manhattan Corp fundamental ratios Accounts
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Additional Tools for Manhattan Stock Analysis
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