MAXHEALTH | | | 1,180 12.35 1.06% |
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 Interest Expense and its Selling General Administrative 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.
Interest Expense vs Selling General Administrative
Interest Expense vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Max Healthcare Institute Interest Expense account and
Selling General Administrative. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Max Healthcare's Interest Expense and Selling General Administrative is 0.48. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Selling General Administrative 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 Interest Expense and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Max Healthcare Institute are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Interest Expense i.e., Max Healthcare's Interest Expense and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Selling General Administrative
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.
Tax Provision is expected to rise to about 3.2
B this year, although the value of Selling General Administrative will most likely fall to about 6.4
B.
Max Healthcare fundamental ratios Correlations
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Max Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Max Healthcare fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.