| GLH Stock | | | 0.14 0.01 7.69% |
Global Health financial indicator trend analysis is much more than just examining Global Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Health is a good investment. Please check the relationship between Global Health Depreciation and its Capital Expenditures accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Depreciation vs Capital Expenditures
Depreciation vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Global Health Depreciation account and
Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.
The correlation between Global Health's Depreciation and Capital Expenditures is 0.6. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Global Health, assuming nothing else is changed. The correlation between historical values of Global Health's Depreciation and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Global Health are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Depreciation i.e., Global Health's Depreciation and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Depreciation
Depreciation indicates how much of Global Health value has been used up. For tax purposes Global Health can deduct the cost of the tangible assets it purchases as business expenses. However, Global Health 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.
Capital Expenditures
Capital Expenditures are funds used by Global Health to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Global Health operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Global Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Health 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to gain to about 335.3
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 784.2
K in 2024.
Global Health fundamental ratios Correlations
Click cells to compare fundamentals
Global Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Global Health fundamental ratios Accounts
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Additional Tools for Global Stock Analysis
When running Global Health's price analysis, check to
measure Global Health'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 Global Health is operating at the current time. Most of Global Health's value examination focuses on studying past and present price action to
predict the probability of Global Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Health's price. Additionally, you may evaluate how the addition of Global Health to your portfolios can decrease your overall portfolio volatility.