STKS Stock | | | USD 2.94 0.03 1.03% |
One Group financial indicator trend analysis is much more than just breaking down One Group Hospitality prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether One Group Hospitality is a good investment. Please check the relationship between One Group Inventory Turnover and its Change To Inventory accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in One Group Hospitality. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
One Group Hospitality Inventory Turnover account and
Change To Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between One Group's Inventory Turnover and Change To Inventory is -0.26. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of One Group Hospitality, assuming nothing else is changed. The correlation between historical values of One Group's Inventory Turnover and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of One Group Hospitality are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Inventory Turnover i.e., One Group's Inventory Turnover and Change To Inventory go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from One Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into One Group Hospitality 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
World Market Map to better understand how to build diversified portfolios, which includes a position in One Group Hospitality. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
At this time, One Group's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is expected to grow to about 479.4
K this year, even though
Tax Provision is projected to decline to (77.7
K).