| KIDS Stock | | | USD 25.39 0.52 2.01% |
Orthopediatrics Corp financial indicator trend analysis is much more than just breaking down Orthopediatrics Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orthopediatrics Corp is a good investment. Please check the relationship between Orthopediatrics Corp Gross Profit and its Other Operating Expenses accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Orthopediatrics Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Orthopediatrics Stock please use our
How to Invest in Orthopediatrics Corp guide.
Gross Profit vs Other Operating Expenses
Gross Profit vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Orthopediatrics Corp Gross Profit account and
Other Operating Expenses. At this time, the significance of the direction appears to have totally related.
The correlation between Orthopediatrics Corp's Gross Profit and Other Operating Expenses is 1.0. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Orthopediatrics Corp, assuming nothing else is changed. The correlation between historical values of Orthopediatrics Corp's Gross Profit and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Orthopediatrics Corp are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Gross Profit i.e., Orthopediatrics Corp's Gross Profit and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Orthopediatrics Corp minus its cost of goods sold. It is profit before Orthopediatrics Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Orthopediatrics Corp. It is also known as Orthopediatrics Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Orthopediatrics Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orthopediatrics Corp 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Orthopediatrics Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Orthopediatrics Stock please use our
How to Invest in Orthopediatrics Corp guide.
Selling General Administrative is likely to gain to about 79.2
M in 2024, whereas
Discontinued Operations is likely to drop (988.5
K) in 2024.
Orthopediatrics Corp fundamental ratios Correlations
Click cells to compare fundamentals
Orthopediatrics Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orthopediatrics Corp fundamental ratios Accounts
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Additional Tools for Orthopediatrics Stock Analysis
When running Orthopediatrics Corp's price analysis, check to
measure Orthopediatrics Corp'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 Orthopediatrics Corp is operating at the current time. Most of Orthopediatrics Corp's value examination focuses on studying past and present price action to
predict the probability of Orthopediatrics Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orthopediatrics Corp's price. Additionally, you may evaluate how the addition of Orthopediatrics Corp to your portfolios can decrease your overall portfolio volatility.