SSY Stock | | | USD 0.76 0.01 1.30% |
SunLink Health financial indicator trend analysis is much more than just breaking down SunLink Health Systems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SunLink Health Systems is a good investment. Please check the relationship between SunLink Health Common Stock and its Accumulated Depreciation accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SunLink Health Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Common Stock vs Accumulated Depreciation
Common Stock vs Accumulated Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SunLink Health Systems Common Stock account and
Accumulated Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between SunLink Health's Common Stock and Accumulated Depreciation is -0.13. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Accumulated Depreciation in the same time period over historical financial statements of SunLink Health Systems, assuming nothing else is changed. The correlation between historical values of SunLink Health's Common Stock and Accumulated Depreciation 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 of SunLink Health Systems are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Common Stock i.e., SunLink Health's Common Stock and Accumulated Depreciation go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for SunLink Health Systems fixed asset that has been charged to SunLink Health expense since that asset was acquired and made available for SunLink Health use. The accumulated depreciation account is SunLink Health Systems asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by SunLink Health Systems.
Most indicators from SunLink Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SunLink Health Systems 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
World Market Map to better understand how to build diversified portfolios, which includes a position in SunLink Health Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Selling General Administrative is likely to drop to about 10.4
M in 2024.
Discontinued Operations is likely to rise to about (119.7
K) in 2024
SunLink Health fundamental ratios Correlations
Click cells to compare fundamentals
SunLink Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SunLink Health fundamental ratios Accounts
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Additional Tools for SunLink Stock Analysis
When running SunLink Health's price analysis, check to
measure SunLink 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 SunLink Health is operating at the current time. Most of SunLink Health's value examination focuses on studying past and present price action to
predict the probability of SunLink 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 SunLink Health's price. Additionally, you may evaluate how the addition of SunLink Health to your portfolios can decrease your overall portfolio volatility.