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 Total Operating Expenses and its Depreciation And Amortization 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.
Total Operating Expenses vs Depreciation And Amortization
Total Operating Expenses vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tabcorp Holdings Total Operating Expenses account and
Depreciation And Amortization. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tabcorp Holdings' Total Operating Expenses and Depreciation And Amortization is -0.25. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Depreciation And Amortization 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' Total Operating Expenses and Depreciation And Amortization 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 Operating Expenses of Tabcorp Holdings are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Operating Expenses i.e., Tabcorp Holdings' Total Operating Expenses and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.25 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
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.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 125.8M | 36.9M | 51.8M | 49.2M | Depreciation And Amortization | 286.4M | 240.5M | 220.3M | 189.8M |
Tabcorp Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Tabcorp Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tabcorp Holdings fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Tabcorp Stock Analysis
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.