| MAXHEALTH | | | 1,027 23.30 2.22% |
Max Healthcare financial indicator trend analysis is infinitely more than just investigating Max Healthcare Institute recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Max Healthcare Institute is a good investment. Please check the relationship between Max Healthcare Income Tax Expense and its Other Operating Expenses accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Max Healthcare Institute. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Income Tax Expense vs Other Operating Expenses
Income Tax Expense vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Max Healthcare Institute Income Tax Expense account and
Other Operating Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Max Healthcare's Income Tax Expense and Other Operating Expenses is 0.59. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Max Healthcare Institute, assuming nothing else is changed. The correlation between historical values of Max Healthcare's Income Tax Expense and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Max Healthcare Institute are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Income Tax Expense i.e., Max Healthcare's Income Tax Expense and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.59 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Income Tax Expense
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Max Healthcare Institute. It is also known as Max Healthcare overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Max Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Max Healthcare Institute 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Max Healthcare Institute. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, Max Healthcare's
Selling General Administrative is quite stable compared to the past year.
Tax Provision is expected to rise to about 3.7
B this year, although the value of
Discontinued Operations will most likely fall to about 75
M.
Max Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
Max Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Max Healthcare fundamental ratios Accounts
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Other Information on Investing in Max Stock
Balance Sheet is a snapshot of the
financial position of Max Healthcare Institute at a specified time, usually calculated after every quarter, six months, or one year. Max Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Max Healthcare and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Max currently owns. An asset can also be divided into two categories, current and non-current.