| NOTV Stock | | | USD 3.66 0.12 3.39% |
Inotiv financial indicator trend analysis is infinitely more than just investigating Inotiv Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inotiv Inc is a good investment. Please check the relationship between Inotiv Book Value Per Share and its Inventory Turnover accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Inotiv Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Book Value Per Share vs Inventory Turnover
Book Value Per Share vs Inventory Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Inotiv Inc Book Value Per Share account and
Inventory Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Inotiv's Book Value Per Share and Inventory Turnover is -0.03. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Inotiv Inc, assuming nothing else is changed. The correlation between historical values of Inotiv's Book Value Per Share and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Inotiv Inc are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Book Value Per Share i.e., Inotiv's Book Value Per Share and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | -0.03 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from Inotiv's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inotiv Inc 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 Inotiv Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Inotiv's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.29 in 2024, despite the fact that
Issuance Of Capital Stock is likely to grow to
(855.00).
Inotiv fundamental ratios Correlations
Click cells to compare fundamentals
Inotiv Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Inotiv fundamental ratios Accounts
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Additional Tools for Inotiv Stock Analysis
When running Inotiv's price analysis, check to
measure Inotiv'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 Inotiv is operating at the current time. Most of Inotiv's value examination focuses on studying past and present price action to
predict the probability of Inotiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inotiv's price. Additionally, you may evaluate how the addition of Inotiv to your portfolios can decrease your overall portfolio volatility.