| 688013 Stock | | | 19.10 0.14 0.73% |
Touchstone International financial indicator trend analysis is much more than just breaking down Touchstone International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Touchstone International is a good investment. Please check the relationship between Touchstone International Non Currrent Assets Other and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Touchstone International Medical. 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.
Non Currrent Assets Other vs Property Plant And Equipment Net
Non Currrent Assets Other vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Touchstone International Non Currrent Assets Other account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have weak relationship.
The correlation between Touchstone International's Non Currrent Assets Other and Property Plant And Equipment Net is 0.31. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Touchstone International Medical, assuming nothing else is changed. The correlation between historical values of Touchstone International's Non Currrent Assets Other and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Touchstone International Medical are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Non Currrent Assets Other i.e., Touchstone International's Non Currrent Assets Other and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Touchstone International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Touchstone International 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 Touchstone International Medical. 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.
The current year's
Selling General Administrative is expected to grow to about 57
M, whereas
Tax Provision is forecasted to decline to about 604.3
K.
Touchstone International fundamental ratios Correlations
Click cells to compare fundamentals
Touchstone International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Touchstone International fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Touchstone Stock
Balance Sheet is a snapshot of the
financial position of Touchstone International at a specified time, usually calculated after every quarter, six months, or one year. Touchstone International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Touchstone International and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Touchstone currently owns. An asset can also be divided into two categories, current and non-current.