IHC Stock | | | 15.25 0.25 1.61% |
Inspiration Healthcare financial indicator trend analysis is infinitely more than just investigating Inspiration Healthcare recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inspiration Healthcare is a good investment. Please check the relationship between Inspiration Healthcare Ebit and its Income Before Tax accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inspiration Healthcare Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Ebit vs Income Before Tax
Ebit vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Inspiration Healthcare Ebit account and
Income Before Tax. At this time, the significance of the direction appears to have totally related.
The correlation between Inspiration Healthcare's Ebit and Income Before Tax is 0.99. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Inspiration Healthcare Group, assuming nothing else is changed. The correlation between historical values of Inspiration Healthcare's Ebit and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Inspiration Healthcare Group are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Ebit i.e., Inspiration Healthcare's Ebit and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Ebit
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Inspiration Healthcare income statement and is an important metric when analyzing Inspiration Healthcare profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Inspiration Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inspiration 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 Inspiration Healthcare Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
As of November 30, 2024,
Selling General Administrative is expected to decline to about 2.4
M. In addition to that,
Tax Provision is expected to decline to about 202.1
KInspiration Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
Inspiration Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Inspiration 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 Inspiration Stock
Balance Sheet is a snapshot of the
financial position of Inspiration Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Inspiration Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Inspiration 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 Inspiration currently owns. An asset can also be divided into two categories, current and non-current.