| TELO Stock | | | CAD 0.12 0.01 9.09% |
Telo Genomics financial indicator trend analysis is much more than just breaking down Telo Genomics Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Telo Genomics Corp is a good investment. Please check the relationship between Telo Genomics Property Plant Equipment and its Depreciation And Amortization accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Telo Genomics 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 persons.
Property Plant Equipment vs Depreciation And Amortization
Property Plant Equipment vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Telo Genomics Corp Property Plant Equipment account and
Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between Telo Genomics' Property Plant Equipment and Depreciation And Amortization is 0.68. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Telo Genomics Corp, assuming nothing else is changed. The correlation between historical values of Telo Genomics' Property Plant Equipment 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 Property Plant Equipment of Telo Genomics Corp 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 Property Plant Equipment i.e., Telo Genomics' Property Plant Equipment and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.68 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Property Plant Equipment
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 Telo Genomics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Telo Genomics 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Telo Genomics 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 persons.
Issuance Of Capital Stock is likely to climb to about 3.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.6
M in 2024.
Telo Genomics fundamental ratios Correlations
Click cells to compare fundamentals
Telo Genomics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Telo Genomics fundamental ratios Accounts
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