DIT Stock | | | USD 134.07 0.75 0.56% |
AMCON Distributing financial indicator trend analysis is way more than just evaluating AMCON Distributing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AMCON Distributing is a good investment. Please check the relationship between AMCON Distributing Ebitda and its Net Income From Continuing Ops accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AMCON Distributing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy AMCON Stock please use our
How to Invest in AMCON Distributing guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AMCON Distributing Ebitda account and
Net Income From Continuing Ops. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between AMCON Distributing's Ebitda and Net Income From Continuing Ops is 0.54. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of AMCON Distributing, assuming nothing else is changed. The correlation between historical values of AMCON Distributing's Ebitda and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of AMCON Distributing are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Ebitda i.e., AMCON Distributing's Ebitda and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Most indicators from AMCON Distributing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AMCON Distributing 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AMCON Distributing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy AMCON Stock please use our
How to Invest in AMCON Distributing guide.At this time, AMCON Distributing's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 3.9
M in 2024, despite the fact that
Enterprise Value is likely to grow to (734.7
B).
When running AMCON Distributing's price analysis, check to
measure AMCON Distributing'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 AMCON Distributing is operating at the current time. Most of AMCON Distributing's value examination focuses on studying past and present price action to
predict the probability of AMCON Distributing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMCON Distributing's price. Additionally, you may evaluate how the addition of AMCON Distributing to your portfolios can decrease your overall portfolio volatility.