| NOTV Stock | | | USD 3.54 0.35 10.97% |
Inotiv financial indicator trend analysis is infinitely more than just investigating Inotiv Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inotiv Inc is a good investment. Please check the relationship between Inotiv Long Term Debt Total and its Property Plant Equipment accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Inotiv Inc. 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.
Long Term Debt Total vs Property Plant Equipment
Long Term Debt Total vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Inotiv Inc Long Term Debt Total account and
Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Inotiv's Long Term Debt Total and Property Plant Equipment is 0.94. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Inotiv Inc, assuming nothing else is changed. The correlation between historical values of Inotiv's Long Term Debt Total and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt Total of Inotiv Inc are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Long Term Debt Total i.e., Inotiv's Long Term Debt Total and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Long Term Debt Total
Property Plant Equipment
Most indicators from Inotiv's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inotiv Inc 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 Inotiv Inc. 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.
At this time, Inotiv's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.29 in 2024, despite the fact that
Issuance Of Capital Stock is likely to grow to
(855.00).
Inotiv fundamental ratios Correlations
Click cells to compare fundamentals
Inotiv Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Inotiv fundamental ratios Accounts
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