| PRTC Stock | | | 171.20 9.20 5.68% |
PureTech Health financial indicator trend analysis is much more than just breaking down PureTech Health plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PureTech Health plc is a good investment. Please check the relationship between PureTech Health Common Stock Total Equity and its Total Current Liabilities accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PureTech Health 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 board of governors.
Common Stock Total Equity vs Total Current Liabilities
Common Stock Total Equity vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PureTech Health plc Common Stock Total Equity account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between PureTech Health's Common Stock Total Equity and Total Current Liabilities is -0.05. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of PureTech Health plc, assuming nothing else is changed. The correlation between historical values of PureTech Health's Common Stock Total Equity and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of PureTech Health plc are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Common Stock Total Equity i.e., PureTech Health's Common Stock Total Equity and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.05 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Total Current Liabilities
Total Current Liabilities is an item on PureTech Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of PureTech Health plc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from PureTech Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PureTech Health 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PureTech Health 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 board of governors.
At this time, PureTech Health's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 32.1
M in 2024, whereas
Discontinued Operations is likely to drop slightly above 340
K in 2024.
PureTech Health fundamental ratios Correlations
Click cells to compare fundamentals
PureTech Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PureTech Health fundamental ratios Accounts
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Additional Tools for PureTech Stock Analysis
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measure PureTech Health'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 PureTech Health is operating at the current time. Most of PureTech Health's value examination focuses on studying past and present price action to
predict the probability of PureTech Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PureTech Health's price. Additionally, you may evaluate how the addition of PureTech Health to your portfolios can decrease your overall portfolio volatility.