Ion Short Term Investments vs Inventory Analysis

0GZK Stock   13.96  0.02  0.14%   
Ion Beam financial indicator trend analysis is infinitely more than just investigating Ion Beam Applications recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ion Beam Applications is a good investment. Please check the relationship between Ion Beam Short Term Investments and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ion Beam Applications. 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.

Short Term Investments vs Inventory

Short Term Investments vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ion Beam Applications Short Term Investments account and Inventory. At this time, the significance of the direction appears to have weak relationship.
The correlation between Ion Beam's Short Term Investments and Inventory is 0.34. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of Ion Beam Applications, assuming nothing else is changed. The correlation between historical values of Ion Beam's Short Term Investments and 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 Short Term Investments of Ion Beam Applications are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Short Term Investments i.e., Ion Beam's Short Term Investments and Inventory go up and down completely randomly.

Correlation Coefficient

0.34
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Term Investments

Short Term Investments is an item under the current assets section of Ion Beam balance sheet. It contains any investments Ion Beam Applications undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ion Beam Applications can easily liquidate in the marketplace.

Inventory

Most indicators from Ion Beam's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ion Beam Applications 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ion Beam Applications. 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.
Tax Provision is likely to drop to about 3.8 M in 2024. Selling General Administrative is likely to drop to about 51.2 M in 2024
 2017 2018 2023 2024 (projected)
Interest Income2.6M1.6M1.9M2.0M
Tax Provision18.2M3.5M4.0M3.8M

Ion Beam fundamental ratios Correlations

0.760.76-0.4-0.31-0.340.92-0.230.6-0.53-0.290.79-0.730.64-0.560.770.990.77-0.890.780.570.66
0.760.94-0.73-0.71-0.720.86-0.620.86-0.19-0.680.58-0.40.88-0.470.960.850.41-0.880.480.910.96
0.760.94-0.88-0.85-0.860.73-0.790.94-0.42-0.830.79-0.550.94-0.21.00.830.62-0.80.690.960.97
-0.4-0.73-0.880.990.99-0.340.98-0.950.440.99-0.680.45-0.92-0.15-0.85-0.5-0.460.53-0.57-0.93-0.88
-0.31-0.71-0.850.991.0-0.280.99-0.910.311.0-0.590.31-0.88-0.2-0.82-0.42-0.360.46-0.46-0.93-0.87
-0.34-0.72-0.860.991.0-0.30.99-0.920.341.0-0.610.35-0.89-0.18-0.83-0.44-0.380.48-0.49-0.94-0.88
0.920.860.73-0.34-0.28-0.3-0.170.58-0.23-0.250.53-0.50.63-0.760.770.940.48-0.930.490.590.71
-0.23-0.62-0.790.980.990.99-0.17-0.870.330.99-0.580.3-0.83-0.32-0.76-0.33-0.360.36-0.46-0.88-0.8
0.60.860.94-0.95-0.91-0.920.58-0.87-0.49-0.910.7-0.591.0-0.170.930.680.49-0.770.590.950.95
-0.53-0.19-0.420.440.310.34-0.230.33-0.490.35-0.790.95-0.510.0-0.37-0.49-0.80.46-0.83-0.25-0.27
-0.29-0.68-0.830.991.01.0-0.250.99-0.910.35-0.590.34-0.88-0.21-0.8-0.39-0.350.45-0.46-0.91-0.85
0.790.580.79-0.68-0.59-0.610.53-0.580.7-0.79-0.59-0.810.710.030.750.780.96-0.620.990.640.63
-0.73-0.4-0.550.450.310.35-0.50.3-0.590.950.34-0.81-0.620.28-0.52-0.69-0.80.69-0.84-0.36-0.43
0.640.880.94-0.92-0.88-0.890.63-0.831.0-0.51-0.880.71-0.62-0.240.940.720.5-0.810.60.930.95
-0.56-0.47-0.2-0.15-0.2-0.18-0.76-0.32-0.170.0-0.210.030.28-0.24-0.27-0.550.040.710.03-0.1-0.27
0.770.961.0-0.85-0.82-0.830.77-0.760.93-0.37-0.80.75-0.520.94-0.270.850.58-0.830.650.960.98
0.990.850.83-0.5-0.42-0.440.94-0.330.68-0.49-0.390.78-0.690.72-0.550.850.73-0.920.750.670.75
0.770.410.62-0.46-0.36-0.380.48-0.360.49-0.8-0.350.96-0.80.50.040.580.73-0.510.990.420.42
-0.89-0.88-0.80.530.460.48-0.930.36-0.770.460.45-0.620.69-0.810.71-0.83-0.92-0.51-0.56-0.69-0.8
0.780.480.69-0.57-0.46-0.490.49-0.460.59-0.83-0.460.99-0.840.60.030.650.750.99-0.560.510.51
0.570.910.96-0.93-0.93-0.940.59-0.880.95-0.25-0.910.64-0.360.93-0.10.960.670.42-0.690.510.98
0.660.960.97-0.88-0.87-0.880.71-0.80.95-0.27-0.850.63-0.430.95-0.270.980.750.42-0.80.510.98
Click cells to compare fundamentals

Ion Beam Account Relationship Matchups

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