0LF8 Stock | | | 95.56 0.48 0.50% |
Thor Industries financial indicator trend analysis is much more than just breaking down Thor Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thor Industries is a good investment. Please check the relationship between Thor Industries Research Development and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Thor Industries. 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.
For more information on how to buy Thor Stock please use our
How to Invest in Thor Industries guide.
Research Development vs Minority Interest
Research Development vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Thor Industries Research Development account and
Minority Interest. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Thor Industries' Research Development and Minority Interest is 0.94. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Thor Industries, assuming nothing else is changed. The correlation between historical values of Thor Industries' Research Development and Minority Interest 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 Thor Industries are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Research Development i.e., Thor Industries' Research Development and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Research Development
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Thor Industries whose combined shares represent less than 50% of the total outstanding shares issued by Thor Industries have a minority interest in Thor Industries.
Most indicators from Thor Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thor Industries 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 Thor Industries. 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.
For more information on how to buy Thor Stock please use our
How to Invest in Thor Industries guide.
Selling General Administrative is likely to drop to about 580.6
M in 2024.
Tax Provision is likely to drop to about 103.4
M in 2024
Thor Industries fundamental ratios Correlations
Click cells to compare fundamentals
Thor Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thor Industries fundamental ratios Accounts
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Additional Tools for Thor Stock Analysis
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measure Thor Industries' 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 Thor Industries is operating at the current time. Most of Thor Industries' value examination focuses on studying past and present price action to
predict the probability of Thor Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thor Industries' price. Additionally, you may evaluate how the addition of Thor Industries to your portfolios can decrease your overall portfolio volatility.