Inolife Operating Income vs Total Current Liabilities Analysis
| BTGN Stock | USD 0.0003 0.00 0.00% |
Inolife Technologies financial indicator trend analysis is infinitely more than just investigating Inolife Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inolife Technologies is a good investment. Please check the relationship between Inolife Technologies Operating Income and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Inolife Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Inolife Stock, please use our How to Invest in Inolife Technologies guide.
Operating Income vs Total Current Liabilities
Operating Income vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inolife Technologies Operating Income account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Inolife Technologies' Operating Income and Total Current Liabilities is -0.42. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Inolife Technologies, assuming nothing else is changed. The correlation between historical values of Inolife Technologies' Operating Income and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Inolife Technologies are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Operating Income i.e., Inolife Technologies' Operating Income and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.42 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Operating Income
Operating Income is the amount of profit realized from Inolife Technologies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Inolife Technologies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Total Current Liabilities
Total Current Liabilities is an item on Inolife Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Inolife Technologies are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Inolife Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inolife Technologies 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 Inolife Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Inolife Stock, please use our How to Invest in Inolife Technologies guide.At this time, Inolife Technologies' Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Sales General And Administrative To Revenue is likely to grow to 38.47, while Enterprise Value is likely to drop about 15.3 M.
Inolife Technologies fundamental ratios Correlations
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Inolife Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Inolife Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Inolife Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Inolife Technologies will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Inolife Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inolife Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Inolife Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Inolife Technologies to buy it.
The correlation of Inolife Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Inolife Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inolife Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Inolife Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Inolife Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Inolife Stock, please use our How to Invest in Inolife Technologies guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Investment Banking & Brokerage space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Inolife Technologies. If investors know Inolife will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Inolife Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets -10.9 K |
The market value of Inolife Technologies is measured differently than its book value, which is the value of Inolife that is recorded on the company's balance sheet. Investors also form their own opinion of Inolife Technologies' value that differs from its market value or its book value, called intrinsic value, which is Inolife Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Inolife Technologies' market value can be influenced by many factors that don't directly affect Inolife Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Inolife Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Inolife Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inolife Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.