BVS Stock | | | USD 11.71 0.20 1.74% |
Bioventus financial indicator trend analysis is way more than just evaluating Bioventus prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bioventus is a good investment. Please check the relationship between Bioventus Non Operating Income Net Other and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bioventus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
For more information on how to buy Bioventus Stock please use our
How to Invest in Bioventus guide.
Non Operating Income Net Other vs Operating Income
Non Operating Income Net Other vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bioventus Non Operating Income Net Other account and
Operating Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Bioventus' Non Operating Income Net Other and Operating Income is -0.81. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Operating Income in the same time period over historical financial statements of Bioventus, assuming nothing else is changed. The correlation between historical values of Bioventus' Non Operating Income Net Other and Operating Income 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 Operating Income Net Other of Bioventus are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Non Operating Income Net Other i.e., Bioventus' Non Operating Income Net Other and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.81 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Non Operating Income Net Other
Operating Income
Operating Income is the amount of profit realized from Bioventus 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 Bioventus 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.
Most indicators from Bioventus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bioventus 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 Bioventus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
For more information on how to buy Bioventus Stock please use our
How to Invest in Bioventus guide.
Enterprise Value is likely to gain to about 1.2
B in 2024, whereas
Discontinued Operations is likely to drop (2.2
M) in 2024.
Bioventus fundamental ratios Correlations
Click cells to compare fundamentals
Bioventus Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bioventus fundamental ratios Accounts
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Additional Tools for Bioventus Stock Analysis
When running Bioventus' price analysis, check to
measure Bioventus' 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 Bioventus is operating at the current time. Most of Bioventus' value examination focuses on studying past and present price action to
predict the probability of Bioventus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bioventus' price. Additionally, you may evaluate how the addition of Bioventus to your portfolios can decrease your overall portfolio volatility.