InnSuites Net Tangible Assets vs Long Term Investments Analysis
IHT Stock | USD 2.17 0.13 6.37% |
InnSuites Hospitality financial indicator trend analysis is infinitely more than just investigating InnSuites Hospitality recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether InnSuites Hospitality is a good investment. Please check the relationship between InnSuites Hospitality Net Tangible Assets and its Long Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InnSuites Hospitality Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
Net Tangible Assets vs Long Term Investments
Net Tangible Assets vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of InnSuites Hospitality Net Tangible Assets account and Long Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between InnSuites Hospitality's Net Tangible Assets and Long Term Investments is -0.08. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of InnSuites Hospitality Trust, assuming nothing else is changed. The correlation between historical values of InnSuites Hospitality's Net Tangible Assets and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of InnSuites Hospitality Trust are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Net Tangible Assets i.e., InnSuites Hospitality's Net Tangible Assets and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Long Term Investments
Long Term Investments is an item on the asset side of InnSuites Hospitality balance sheet that represents investments InnSuites Hospitality intends to hold for over a year. InnSuites Hospitality Trust long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from InnSuites Hospitality's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into InnSuites Hospitality 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 InnSuites Hospitality Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. At this time, InnSuites Hospitality's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 36.3 M in 2024, despite the fact that Tax Provision is likely to grow to (1.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.1M | 3.5M | 3.8M | 3.9M | Total Revenue | 6.4M | 7.1M | 7.5M | 12.5M |
InnSuites Hospitality fundamental ratios Correlations
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InnSuites Hospitality Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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