WNX Stock | | | 0.63 0.01 1.61% |
Wellnex Life financial indicator trend analysis is more than just analyzing Wellnex Life current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wellnex Life is a good investment. Please check the relationship between Wellnex Life Capital Expenditures and its Other Non Cash Items accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wellnex Life. 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.
Capital Expenditures vs Other Non Cash Items
Capital Expenditures vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wellnex Life Capital Expenditures account and
Other Non Cash Items. At this time, the significance of the direction appears to have strong relationship.
The correlation between Wellnex Life's Capital Expenditures and Other Non Cash Items is 0.76. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Wellnex Life, assuming nothing else is changed. The correlation between historical values of Wellnex Life's Capital Expenditures and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Wellnex Life are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Capital Expenditures i.e., Wellnex Life's Capital Expenditures and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Capital Expenditures
Capital Expenditures are funds used by Wellnex Life to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Wellnex Life operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Other Non Cash Items
Most indicators from Wellnex Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wellnex Life 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wellnex Life. 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 8.1
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 5.3
M in 2024.
Wellnex Life fundamental ratios Correlations
Click cells to compare fundamentals
Wellnex Life Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wellnex Life fundamental ratios Accounts
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Additional Tools for Wellnex Stock Analysis
When running Wellnex Life's price analysis, check to
measure Wellnex Life'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 Wellnex Life is operating at the current time. Most of Wellnex Life's value examination focuses on studying past and present price action to
predict the probability of Wellnex Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wellnex Life's price. Additionally, you may evaluate how the addition of Wellnex Life to your portfolios can decrease your overall portfolio volatility.