TTKHLTCARE | | | 1,492 19.60 1.30% |
TTK Healthcare financial indicator trend analysis is much more than just breaking down TTK Healthcare prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TTK Healthcare is a good investment. Please check the relationship between TTK Healthcare Intangible Assets and its Non Current Assets Total accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TTK Healthcare Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Intangible Assets vs Non Current Assets Total
Intangible Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TTK Healthcare Intangible Assets account and
Non Current Assets Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between TTK Healthcare's Intangible Assets and Non Current Assets Total is -0.03. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of TTK Healthcare Limited, assuming nothing else is changed. The correlation between historical values of TTK Healthcare's Intangible Assets and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of TTK Healthcare Limited are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Intangible Assets i.e., TTK Healthcare's Intangible Assets and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.03 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from TTK Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TTK Healthcare 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 TTK Healthcare Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
As of December 12, 2024,
Selling General Administrative is expected to decline to about 92.5
M. In addition to that,
Tax Provision is expected to decline to about 113
MTTK Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
TTK Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TTK Healthcare fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in TTK Stock
Balance Sheet is a snapshot of the
financial position of TTK Healthcare at a specified time, usually calculated after every quarter, six months, or one year. TTK Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TTK Healthcare and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which TTK currently owns. An asset can also be divided into two categories, current and non-current.