VVA Stock | | | 1.38 0.05 3.50% |
Viva Leisure financial indicator trend analysis is much more than just breaking down Viva Leisure prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Viva Leisure is a good investment. Please check the relationship between Viva Leisure Reconciled Depreciation and its Other Operating Expenses accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Viva Leisure. 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.
Reconciled Depreciation vs Other Operating Expenses
Reconciled Depreciation vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Viva Leisure Reconciled Depreciation account and
Other Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Viva Leisure's Reconciled Depreciation and Other Operating Expenses is 0.95. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Viva Leisure, assuming nothing else is changed. The correlation between historical values of Viva Leisure's Reconciled Depreciation and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Viva Leisure are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Reconciled Depreciation i.e., Viva Leisure's Reconciled Depreciation and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Reconciled Depreciation
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Viva Leisure. It is also known as Viva Leisure overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Viva Leisure's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Viva Leisure 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 Viva Leisure. 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.
Selling General Administrative is likely to gain to about 54.2
M in 2024.
Tax Provision is likely to gain to about 1.6
M in 2024
Viva Leisure fundamental ratios Correlations
Click cells to compare fundamentals
Viva Leisure Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Viva Leisure fundamental ratios Accounts
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Additional Tools for Viva Stock Analysis
When running Viva Leisure's price analysis, check to
measure Viva Leisure'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 Viva Leisure is operating at the current time. Most of Viva Leisure's value examination focuses on studying past and present price action to
predict the probability of Viva Leisure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Viva Leisure's price. Additionally, you may evaluate how the addition of Viva Leisure to your portfolios can decrease your overall portfolio volatility.