| ABDX Stock | | | 7.25 0.50 6.45% |
Abingdon Health financial indicator trend analysis is way more than just evaluating Abingdon Health Plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abingdon Health Plc is a good investment. Please check the relationship between Abingdon Health Cash and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Abingdon Health Plc. 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.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Abingdon Health Plc Cash account and
Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Abingdon Health's Cash and Total Assets is 0.71. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of Abingdon Health Plc, assuming nothing else is changed. The correlation between historical values of Abingdon Health's Cash and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Abingdon Health Plc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., Abingdon Health's Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.71 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Abingdon Health Plc, which is listed under current asset account on Abingdon Health Plc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Abingdon Health customers. The amounts must be unrestricted with restricted cash listed in a different Abingdon Health account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Assets
Total assets refers to the total amount of Abingdon Health assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Abingdon Health Plc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Abingdon Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abingdon Health Plc 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 Abingdon Health Plc. 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 gain to about (465.3
K) in 2024.
Selling General Administrative is likely to drop to about 3.5
M in 2024
Abingdon Health fundamental ratios Correlations
Click cells to compare fundamentals
Abingdon Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Abingdon Health fundamental ratios Accounts
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predict the probability of Abingdon Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abingdon Health's price. Additionally, you may evaluate how the addition of Abingdon Health to your portfolios can decrease your overall portfolio volatility.