| VPT Stock | | | CAD 0.1 0.01 5.00% |
VentriPoint Diagnostics financial indicator trend analysis is much more than just breaking down VentriPoint Diagnostics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VentriPoint Diagnostics is a good investment. Please check the relationship between VentriPoint Diagnostics Average Payables and its Capex To Depreciation accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in VentriPoint Diagnostics. 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.
Average Payables vs Capex To Depreciation
Average Payables vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
VentriPoint Diagnostics Average Payables account and
Capex To Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between VentriPoint Diagnostics' Average Payables and Capex To Depreciation is -0.53. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of VentriPoint Diagnostics, assuming nothing else is changed. The correlation between historical values of VentriPoint Diagnostics' Average Payables and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of VentriPoint Diagnostics are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Average Payables i.e., VentriPoint Diagnostics' Average Payables and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Most indicators from VentriPoint Diagnostics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VentriPoint Diagnostics 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 VentriPoint Diagnostics. 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, VentriPoint Diagnostics'
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 47.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.7
M in 2024.
VentriPoint Diagnostics fundamental ratios Correlations
Click cells to compare fundamentals
VentriPoint Diagnostics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
VentriPoint Diagnostics fundamental ratios Accounts
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