RAINBOW Stock | | | 1,589 65.25 4.28% |
Rainbow Childrens financial indicator trend analysis is much more than just breaking down Rainbow Childrens prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rainbow Childrens is a good investment. Please check the relationship between Rainbow Childrens Other Stockholder Equity and its Other Current Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rainbow Childrens Medicare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Other Stockholder Equity vs Other Current Assets
Other Stockholder Equity vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Rainbow Childrens Other Stockholder Equity account and
Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Rainbow Childrens' Other Stockholder Equity and Other Current Assets is 0.27. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Rainbow Childrens Medicare, assuming nothing else is changed. The correlation between historical values of Rainbow Childrens' Other Stockholder Equity and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Rainbow Childrens Medicare are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Other Stockholder Equity i.e., Rainbow Childrens' Other Stockholder Equity and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.27 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Stockholder Equity
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Rainbow Childrens' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rainbow Childrens 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 Rainbow Childrens Medicare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Selling General Administrative is likely to drop to about 140.5
M in 2024.
Tax Provision is likely to drop to about 547.2
M in 2024
Rainbow Childrens fundamental ratios Correlations
Click cells to compare fundamentals
Rainbow Childrens Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rainbow Childrens fundamental ratios Accounts
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Additional Tools for Rainbow Stock Analysis
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measure Rainbow Childrens' 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 Rainbow Childrens is operating at the current time. Most of Rainbow Childrens' value examination focuses on studying past and present price action to
predict the probability of Rainbow Childrens' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rainbow Childrens' price. Additionally, you may evaluate how the addition of Rainbow Childrens to your portfolios can decrease your overall portfolio volatility.