InMode financial indicator trend analysis is infinitely more than just investigating InMode recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether InMode is a good investment. Please check the relationship between InMode Free Cash Flow and its Cash Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InMode. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of InMode Free Cash Flow account and Cash Ratio. At this time, the significance of the direction appears to have strong relationship.
The correlation between InMode's Free Cash Flow and Cash Ratio is 0.65. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Cash Ratio in the same time period over historical financial statements of InMode, assuming nothing else is changed. The correlation between historical values of InMode's Free Cash Flow and Cash Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of InMode are associated (or correlated) with its Cash Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Ratio has no effect on the direction of Free Cash Flow i.e., InMode's Free Cash Flow and Cash Ratio go up and down completely randomly.
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Cash Ratio
Most indicators from InMode's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into InMode 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 InMode. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.