RDNT Stock | | | USD 79.92 0.00 0.00% |
RadNet financial indicator trend analysis is much more than just breaking down RadNet Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RadNet Inc is a good investment. Please check the relationship between RadNet Good Will and its Cash And Short Term Investments accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in RadNet 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 board of governors.
Good Will vs Cash And Short Term Investments
Good Will vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
RadNet Inc Good Will account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between RadNet's Good Will and Cash And Short Term Investments is 0.86. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of RadNet Inc, assuming nothing else is changed. The correlation between historical values of RadNet's Good Will and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of RadNet Inc are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Good Will i.e., RadNet's Good Will and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of RadNet Inc balance sheet. This account contains RadNet investments that will expire within one year. These investments include stocks and bonds that can be liquidated by RadNet Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from RadNet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RadNet 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in RadNet 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 board of governors.
At this time, RadNet's
Selling General Administrative is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 258.1
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 10.78 in 2024.
RadNet fundamental ratios Correlations
Click cells to compare fundamentals
RadNet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RadNet fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for RadNet Stock Analysis
When running RadNet's price analysis, check to
measure RadNet'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 RadNet is operating at the current time. Most of RadNet's value examination focuses on studying past and present price action to
predict the probability of RadNet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RadNet's price. Additionally, you may evaluate how the addition of RadNet to your portfolios can decrease your overall portfolio volatility.