ONC Stock | | | 14.75 0.05 0.34% |
Oncimmune Holdings financial indicator trend analysis is much more than just breaking down Oncimmune Holdings plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oncimmune Holdings plc is a good investment. Please check the relationship between Oncimmune Holdings Research Development and its Tax Provision accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oncimmune Holdings plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Research Development vs Tax Provision
Research Development vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Oncimmune Holdings plc Research Development account and
Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Oncimmune Holdings' Research Development and Tax Provision is -0.19. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Oncimmune Holdings plc, assuming nothing else is changed. The correlation between historical values of Oncimmune Holdings' Research Development and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Oncimmune Holdings plc are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Research Development i.e., Oncimmune Holdings' Research Development and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.19 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Research Development
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Oncimmune Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oncimmune Holdings plc 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oncimmune Holdings plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's Tax Provision is expected to grow to about 269.3
K, whereas
Selling General Administrative is forecasted to decline to about 474.1
K.
Oncimmune Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Oncimmune Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oncimmune Holdings fundamental ratios Accounts
Also Currently Popular
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 Oncimmune Stock
Balance Sheet is a snapshot of the
financial position of Oncimmune Holdings plc at a specified time, usually calculated after every quarter, six months, or one year. Oncimmune Holdings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Oncimmune Holdings 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 Oncimmune currently owns. An asset can also be divided into two categories, current and non-current.