PRTC Stock | | | 167.00 2.40 1.42% |
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 Total Stockholder Equity and its Net Receivables 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.
Total Stockholder Equity vs Net Receivables
Total Stockholder Equity vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PureTech Health plc Total Stockholder Equity account and
Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between PureTech Health's Total Stockholder Equity and Net Receivables is 0.5. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Receivables 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 Total Stockholder Equity and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of PureTech Health plc are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Stockholder Equity i.e., PureTech Health's Total Stockholder Equity and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.5 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Net Receivables
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.