Saratoga Asset Turnover vs Gross Profit Margin Analysis
| SAZ Stock | 25.54 0.08 0.31% |
Saratoga Investment financial indicator trend analysis is much more than just breaking down Saratoga Investment Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Saratoga Investment Corp is a good investment. Please check the relationship between Saratoga Investment Asset Turnover and its Gross Profit Margin accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Saratoga Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Asset Turnover vs Gross Profit Margin
Asset Turnover vs Gross Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Saratoga Investment Corp Asset Turnover account and Gross Profit Margin. At this time, the significance of the direction appears to have strong relationship.
The correlation between Saratoga Investment's Asset Turnover and Gross Profit Margin is 0.6. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Saratoga Investment Corp, assuming nothing else is changed. The correlation between historical values of Saratoga Investment's Asset Turnover and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Saratoga Investment Corp are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Asset Turnover i.e., Saratoga Investment's Asset Turnover and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Gross Profit Margin
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