| BFLY Stock | | | USD 3.39 0.15 4.24% |
Butterfly Network financial indicator trend analysis is way more than just evaluating Butterfly Network prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Butterfly Network is a good investment. Please check the relationship between Butterfly Network Depreciation and its Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Butterfly Network. 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.
For more information on how to buy Butterfly Stock please use our
How to Invest in Butterfly Network guide.
Depreciation vs Investments
Depreciation vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Butterfly Network Depreciation account and
Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Butterfly Network's Depreciation and Investments is 0.41. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Investments in the same time period over historical financial statements of Butterfly Network, assuming nothing else is changed. The correlation between historical values of Butterfly Network's Depreciation and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Butterfly Network are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Depreciation i.e., Butterfly Network's Depreciation and Investments go up and down completely randomly.
Correlation Coefficient | 0.41 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Depreciation
Depreciation indicates how much of Butterfly Network value has been used up. For tax purposes Butterfly Network can deduct the cost of the tangible assets it purchases as business expenses. However, Butterfly Network must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from Butterfly Network's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Butterfly Network 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 Butterfly Network. 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.
For more information on how to buy Butterfly Stock please use our
How to Invest in Butterfly Network guide.At this time, Butterfly Network's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 154.7
M in 2024, whereas
Tax Provision is likely to drop slightly above 62.5
K in 2024.
Butterfly Network fundamental ratios Correlations
Click cells to compare fundamentals
Butterfly Network Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Butterfly Network fundamental ratios Accounts
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Additional Tools for Butterfly Stock Analysis
When running Butterfly Network's price analysis, check to
measure Butterfly Network'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 Butterfly Network is operating at the current time. Most of Butterfly Network's value examination focuses on studying past and present price action to
predict the probability of Butterfly Network's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Butterfly Network's price. Additionally, you may evaluate how the addition of Butterfly Network to your portfolios can decrease your overall portfolio volatility.