| 0QI7 Stock | | | 306.30 3.20 1.03% |
Addtech financial indicator trend analysis is way more than just evaluating Addtech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Addtech is a good investment. Please check the relationship between Addtech Investments and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Addtech. 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.
Investments vs Net Income
Investments vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Addtech Investments account and
Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Addtech's Investments and Net Income is -0.49. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Net Income in the same time period over historical financial statements of Addtech, assuming nothing else is changed. The correlation between historical values of Addtech's Investments and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Addtech are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Investments i.e., Addtech's Investments and Net Income go up and down completely randomly.
Correlation Coefficient | -0.49 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Addtech financial statement analysis. It represents the amount of money remaining after all of Addtech operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Addtech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Addtech 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 Addtech. 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 1
B in 2024, whereas
Tax Provision is likely to drop slightly above 198.4
M in 2024.
Addtech fundamental ratios Correlations
Click cells to compare fundamentals
Addtech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Addtech fundamental ratios Accounts
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Additional Tools for Addtech Stock Analysis
When running Addtech's price analysis, check to
measure Addtech'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 Addtech is operating at the current time. Most of Addtech's value examination focuses on studying past and present price action to
predict the probability of Addtech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addtech's price. Additionally, you may evaluate how the addition of Addtech to your portfolios can decrease your overall portfolio volatility.