| MIR Stock | | | USD 18.12 0.28 1.57% |
Mirion Technologies financial indicator trend analysis is infinitely more than just investigating Mirion Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mirion Technologies is a good investment. Please check the relationship between Mirion Technologies Net Income and its Change To Inventory accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mirion Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
To learn how to invest in Mirion Stock, please use our
How to Invest in Mirion Technologies guide.
Net Income vs Change To Inventory
Net Income vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mirion Technologies Net Income account and
Change To Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Mirion Technologies' Net Income and Change To Inventory is 0.69. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Mirion Technologies, assuming nothing else is changed. The correlation between historical values of Mirion Technologies' Net Income and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Mirion Technologies are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Net Income i.e., Mirion Technologies' Net Income and Change To Inventory go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Mirion Technologies financial statement analysis. It represents the amount of money remaining after all of Mirion Technologies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Mirion Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mirion Technologies 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 Mirion Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
To learn how to invest in Mirion Stock, please use our
How to Invest in Mirion Technologies guide.At this time, Mirion Technologies'
Selling General Administrative is relatively stable compared to the past year. As of 01/24/2025,
Sales General And Administrative To Revenue is likely to grow to 0.40, while
Issuance Of Capital Stock is likely to drop slightly above 128.2
M.
Mirion Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Mirion Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mirion Technologies fundamental ratios Accounts
Additional Tools for Mirion Stock Analysis
When running Mirion Technologies' price analysis, check to
measure Mirion Technologies' 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 Mirion Technologies is operating at the current time. Most of Mirion Technologies' value examination focuses on studying past and present price action to
predict the probability of Mirion Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirion Technologies' price. Additionally, you may evaluate how the addition of Mirion Technologies to your portfolios can decrease your overall portfolio volatility.