Blue Change To Inventory vs Depreciation Analysis
| BLUEJET Stock | 519.40 3.65 0.70% |
Blue Jet financial indicator trend analysis is way more than just evaluating Blue Jet Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Jet Healthcare is a good investment. Please check the relationship between Blue Jet Change To Inventory and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Jet Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
Change To Inventory vs Depreciation
Change To Inventory vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Jet Healthcare Change To Inventory account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Blue Jet's Change To Inventory and Depreciation is -0.23. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Depreciation in the same time period over historical financial statements of Blue Jet Healthcare, assuming nothing else is changed. The correlation between historical values of Blue Jet's Change To Inventory and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Blue Jet Healthcare are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Inventory i.e., Blue Jet's Change To Inventory and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.23 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Depreciation
Depreciation indicates how much of Blue Jet Healthcare value has been used up. For tax purposes Blue Jet can deduct the cost of the tangible assets it purchases as business expenses. However, Blue Jet Healthcare must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Most indicators from Blue Jet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Jet Healthcare 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 Blue Jet Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation. Tax Provision is likely to drop to about 612.7 M in 2024. Selling General Administrative is likely to drop to about 64.9 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 6.8B | 7.2B | 7.1B | 6.9B | Depreciation And Amortization | 221.5M | 250.7M | 280.9M | 248.4M |
Blue Jet fundamental ratios Correlations
Click cells to compare fundamentals
Blue Jet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Blue Stock Analysis
When running Blue Jet's price analysis, check to measure Blue Jet's 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 Blue Jet is operating at the current time. Most of Blue Jet's value examination focuses on studying past and present price action to predict the probability of Blue Jet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blue Jet's price. Additionally, you may evaluate how the addition of Blue Jet to your portfolios can decrease your overall portfolio volatility.