| MGTX Stock | | | USD 5.92 0.10 1.72% |
MeiraGTx Holdings financial indicator trend analysis is infinitely more than just investigating MeiraGTx Holdings PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MeiraGTx Holdings PLC is a good investment. Please check the relationship between MeiraGTx Holdings Accounts Payable and its Other Liab accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MeiraGTx Holdings PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Accounts Payable vs Other Liab
Accounts Payable vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MeiraGTx Holdings PLC Accounts Payable account and
Other Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between MeiraGTx Holdings' Accounts Payable and Other Liab is 0.61. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Liab in the same time period over historical financial statements of MeiraGTx Holdings PLC, assuming nothing else is changed. The correlation between historical values of MeiraGTx Holdings' Accounts Payable and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of MeiraGTx Holdings PLC are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Accounts Payable i.e., MeiraGTx Holdings' Accounts Payable and Other Liab go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents MeiraGTx Holdings obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of MeiraGTx Holdings PLC are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Other Liab
Most indicators from MeiraGTx Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MeiraGTx Holdings PLC 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 MeiraGTx Holdings PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Tax Provision is likely to rise to about 519.3
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 39.6
M in 2024.
MeiraGTx Holdings fundamental ratios Correlations
Click cells to compare fundamentals
MeiraGTx Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MeiraGTx Holdings fundamental ratios Accounts
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Additional Tools for MeiraGTx Stock Analysis
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measure MeiraGTx Holdings' 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 MeiraGTx Holdings is operating at the current time. Most of MeiraGTx Holdings' value examination focuses on studying past and present price action to
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