TFX Stock | | | USD 190.64 3.21 1.71% |
Teleflex Incorporated financial indicator trend analysis is much more than just breaking down Teleflex Incorporated prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Teleflex Incorporated is a good investment. Please check the relationship between Teleflex Incorporated Total Operating Expenses and its Net Income accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Teleflex Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
For more information on how to buy Teleflex Stock please use our
How to Invest in Teleflex Incorporated guide.
Total Operating Expenses vs Net Income
Total Operating Expenses vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Teleflex Incorporated Total Operating Expenses account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Teleflex Incorporated's Total Operating Expenses and Net Income is 0.69. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Net Income in the same time period over historical financial statements of Teleflex Incorporated, assuming nothing else is changed. The correlation between historical values of Teleflex Incorporated's Total Operating Expenses and Net Income 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 Operating Expenses of Teleflex Incorporated are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Operating Expenses i.e., Teleflex Incorporated's Total Operating Expenses and Net Income go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Teleflex Incorporated financial statement analysis. It represents the amount of money remaining after all of Teleflex Incorporated operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Teleflex Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Teleflex Incorporated 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 Teleflex Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
For more information on how to buy Teleflex Stock please use our
How to Invest in Teleflex Incorporated guide.At this time, Teleflex Incorporated's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 17.78 in 2024, whereas
Selling General Administrative is likely to drop slightly above 508.6
M in 2024.
Teleflex Incorporated fundamental ratios Correlations
Click cells to compare fundamentals
Teleflex Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Teleflex Incorporated fundamental ratios Accounts
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Additional Tools for Teleflex Stock Analysis
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measure Teleflex Incorporated'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 Teleflex Incorporated is operating at the current time. Most of Teleflex Incorporated's value examination focuses on studying past and present price action to
predict the probability of Teleflex Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teleflex Incorporated's price. Additionally, you may evaluate how the addition of Teleflex Incorporated to your portfolios can decrease your overall portfolio volatility.