| GRX Stock | | | USD 10.42 0.12 1.17% |
Gabelli Healthcare financial indicator trend analysis is much more than just examining Gabelli Healthcare latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gabelli Healthcare is a good investment. Please check the relationship between Gabelli Healthcare Cash and its Net Invested Capital accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gabelli Healthcare WellnessRx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Cash vs Net Invested Capital
Cash vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gabelli Healthcare Cash account and
Net Invested Capital. At this time, the significance of the direction appears to have weak relationship.
The correlation between Gabelli Healthcare's Cash and Net Invested Capital is 0.32. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Gabelli Healthcare WellnessRx, assuming nothing else is changed. The correlation between historical values of Gabelli Healthcare's Cash and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Gabelli Healthcare WellnessRx are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Cash i.e., Gabelli Healthcare's Cash and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.32 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Gabelli Healthcare, which is listed under current asset account on Gabelli Healthcare WellnessRx balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Gabelli Healthcare customers. The amounts must be unrestricted with restricted cash listed in a different Gabelli Healthcare account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Gabelli Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gabelli Healthcare 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gabelli Healthcare WellnessRx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Gabelli Healthcare's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.55 in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 11.4
M in 2024.
Gabelli Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
Gabelli Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gabelli Healthcare fundamental ratios Accounts
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Additional Tools for Gabelli Stock Analysis
When running Gabelli Healthcare's price analysis, check to
measure Gabelli Healthcare'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 Gabelli Healthcare is operating at the current time. Most of Gabelli Healthcare's value examination focuses on studying past and present price action to
predict the probability of Gabelli Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gabelli Healthcare's price. Additionally, you may evaluate how the addition of Gabelli Healthcare to your portfolios can decrease your overall portfolio volatility.