Surgical Net Receivables vs Other Stockholder Equity Analysis
| 0AAU Stock | 147.50 0.70 0.47% |
Surgical Science financial indicator trend analysis is much more than just breaking down Surgical Science Sweden prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Surgical Science Sweden is a good investment. Please check the relationship between Surgical Science Net Receivables and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Surgical Science Sweden. 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.
Net Receivables vs Other Stockholder Equity
Net Receivables vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Surgical Science Sweden Net Receivables account and Other Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Surgical Science's Net Receivables and Other Stockholder Equity is 0.92. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Surgical Science Sweden, assuming nothing else is changed. The correlation between historical values of Surgical Science's Net Receivables and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Surgical Science Sweden are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Net Receivables i.e., Surgical Science's Net Receivables and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Receivables
Other Stockholder Equity
Most indicators from Surgical Science's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Surgical Science Sweden 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Surgical Science Sweden. 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.
| 2023 | 2024 (projected) | EBIT | 187.3M | 196.6M | Other Operating Expenses | 599.4K | 532.8K |
Surgical Science fundamental ratios Correlations
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Surgical Science Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Surgical Science's price analysis, check to measure Surgical Science'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 Surgical Science is operating at the current time. Most of Surgical Science's value examination focuses on studying past and present price action to predict the probability of Surgical Science's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Surgical Science's price. Additionally, you may evaluate how the addition of Surgical Science to your portfolios can decrease your overall portfolio volatility.