Neurotech International financial indicator trend analysis is infinitely more than just investigating Neurotech International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neurotech International is a good investment. Please check the relationship between Neurotech International Total Revenue and its Income Before Tax accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neurotech International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Revenue vs Income Before Tax
Total Revenue vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Neurotech International Total Revenue account and
Income Before Tax. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Neurotech International's Total Revenue and Income Before Tax is 0.48. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Neurotech International, assuming nothing else is changed. The correlation between historical values of Neurotech International's Total Revenue and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Neurotech International are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Total Revenue i.e., Neurotech International's Total Revenue and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.48 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts Neurotech International generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Neurotech International income statement and is an important metric when analyzing Neurotech International profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Neurotech International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neurotech International 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 Neurotech International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to drop to about 694.9
K in 2024.
Issuance Of Capital Stock is likely to drop to about 6.4
M in 2024
Neurotech International fundamental ratios Correlations
Click cells to compare fundamentals
Neurotech International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Neurotech International fundamental ratios Accounts
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Additional Tools for Neurotech Stock Analysis
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measure Neurotech International's 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 Neurotech International is operating at the current time. Most of Neurotech International's value examination focuses on studying past and present price action to
predict the probability of Neurotech International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neurotech International's price. Additionally, you may evaluate how the addition of Neurotech International to your portfolios can decrease your overall portfolio volatility.