GPTHEALTH | | | 178.91 1.86 1.05% |
GPT Healthcare financial indicator trend analysis is much more than just examining GPT Healthcare latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GPT Healthcare is a good investment. Please check the relationship between GPT Healthcare Income Tax Expense and its Depreciation And Amortization accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GPT 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 income.
Income Tax Expense vs Depreciation And Amortization
Income Tax Expense vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GPT Healthcare Income Tax Expense account and
Depreciation And Amortization. At this time, the significance of the direction appears to have totally related.
The correlation between GPT Healthcare's Income Tax Expense and Depreciation And Amortization is 0.99. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of GPT Healthcare, assuming nothing else is changed. The correlation between historical values of GPT Healthcare's Income Tax Expense and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of GPT Healthcare are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Income Tax Expense i.e., GPT Healthcare's Income Tax Expense and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Tax Expense
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from GPT Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GPT 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GPT 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 income.
The value of
Selling General Administrative is expected to slide to about 39
MGPT Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
GPT Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GPT Healthcare fundamental ratios Accounts
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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.
Other Information on Investing in GPT Stock
Balance Sheet is a snapshot of the
financial position of GPT Healthcare at a specified time, usually calculated after every quarter, six months, or one year. GPT Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GPT Healthcare and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which GPT currently owns. An asset can also be divided into two categories, current and non-current.