The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kits Eyecare Net Income Per Share account and
Income Quality. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kits Eyecare's Net Income Per Share and Income Quality is 0.63. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Income Quality in the same time period over historical financial statements of Kits Eyecare, assuming nothing else is changed. The correlation between historical values of Kits Eyecare's Net Income Per Share and Income Quality 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 Income Per Share of Kits Eyecare are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Net Income Per Share i.e., Kits Eyecare's Net Income Per Share and Income Quality go up and down completely randomly.
Correlation Coefficient | 0.63 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.
Most indicators from Kits Eyecare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kits Eyecare 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 Kits Eyecare. 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.
At this time, Kits Eyecare's
Issuance Of Capital Stock is very stable compared to the past year. As of the 29th of November 2024,
Sales General And Administrative To Revenue is likely to grow to 0.14, though
Tax Provision is likely to grow to (642.2
K).
Balance Sheet is a snapshot of the
financial position of Kits Eyecare at a specified time, usually calculated after every quarter, six months, or one year. Kits Eyecare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kits Eyecare 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 Kits currently owns. An asset can also be divided into two categories, current and non-current.