TAH Stock | | | 0.57 0.01 1.79% |
Tabcorp Holdings financial indicator trend analysis is much more than just breaking down Tabcorp Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tabcorp Holdings is a good investment. Please check the relationship between Tabcorp Holdings Extraordinary Items and its Ebitda accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tabcorp Holdings. 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tabcorp Holdings Extraordinary Items account and
Ebitda. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Tabcorp Holdings' Extraordinary Items and Ebitda is -0.01. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Ebitda in the same time period over historical financial statements of Tabcorp Holdings, assuming nothing else is changed. The correlation between historical values of Tabcorp Holdings' Extraordinary Items and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of Tabcorp Holdings are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Extraordinary Items i.e., Tabcorp Holdings' Extraordinary Items and Ebitda go up and down completely randomly.
Correlation Coefficient | -0.01 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Most indicators from Tabcorp Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tabcorp Holdings 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Tabcorp Holdings. 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.
Discontinued Operations is likely to gain to about 519.6
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 187.3
M in 2024.
When running Tabcorp Holdings' price analysis, check to
measure Tabcorp Holdings' 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 Tabcorp Holdings is operating at the current time. Most of Tabcorp Holdings' value examination focuses on studying past and present price action to
predict the probability of Tabcorp Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tabcorp Holdings' price. Additionally, you may evaluate how the addition of Tabcorp Holdings to your portfolios can decrease your overall portfolio volatility.