| AMS Stock | | | USD 3.22 0.08 2.55% |
American Shared financial indicator trend analysis is way more than just evaluating American Shared Hospital prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Shared Hospital is a good investment. Please check the relationship between American Shared Short Term Investments and its Current Deferred Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in American Shared Hospital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Short Term Investments vs Current Deferred Revenue
Short Term Investments vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
American Shared Hospital Short Term Investments account and
Current Deferred Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between American Shared's Short Term Investments and Current Deferred Revenue is 0.64. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of American Shared Hospital, assuming nothing else is changed. The correlation between historical values of American Shared's Short Term Investments and Current Deferred Revenue 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 American Shared Hospital are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Short Term Investments i.e., American Shared's Short Term Investments and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Short Term Investments
Short Term Investments is an item under the current assets section of American Shared balance sheet. It contains any investments American Shared Hospital undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that American Shared Hospital can easily liquidate in the marketplace.
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from American Shared's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Shared Hospital 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 American Shared Hospital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
At this time, American Shared's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.26 in 2024, whereas
Selling General Administrative is likely to drop slightly above 4
M in 2024.
American Shared fundamental ratios Correlations
Click cells to compare fundamentals
American Shared Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Shared fundamental ratios Accounts
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Additional Tools for American Stock Analysis
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