| NHTC Stock | | | USD 4.62 0.10 2.21% |
Natural Health financial indicator trend analysis is infinitely more than just investigating Natural Health Trend recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Natural Health Trend is a good investment. Please check the relationship between Natural Health Change Receivables and its Capital Expenditures accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natural Health Trend. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Change Receivables vs Capital Expenditures
Change Receivables vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Natural Health Trend Change Receivables account and
Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Natural Health's Change Receivables and Capital Expenditures is -0.23. Overlapping area represents the amount of variation of Change Receivables that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Natural Health Trend, assuming nothing else is changed. The correlation between historical values of Natural Health's Change Receivables and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change Receivables of Natural Health Trend are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change Receivables i.e., Natural Health's Change Receivables and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.23 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Change Receivables
The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.
Capital Expenditures
Capital Expenditures are funds used by Natural Health Trend to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Natural Health operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Natural Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Natural Health Trend 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 Natural Health Trend. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
The current year's
Sales General And Administrative To Revenue is expected to grow to 0.61, whereas
Selling General Administrative is forecasted to decline to about 33.5
M.
Natural Health fundamental ratios Correlations
Click cells to compare fundamentals
Natural Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Natural Health fundamental ratios Accounts