TRNS Stock | | | USD 104.89 0.15 0.14% |
Transcat financial indicator trend analysis is much more than just breaking down Transcat prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Transcat is a good investment. Please check the relationship between Transcat Revenue Per Share and its Ebit Per Revenue accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Transcat. 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.
For more information on how to buy Transcat Stock please use our
How to Invest in Transcat guide.
Revenue Per Share vs Ebit Per Revenue
Revenue Per Share vs Ebit Per Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Transcat Revenue Per Share account and
Ebit Per Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Transcat's Revenue Per Share and Ebit Per Revenue is 0.98. Overlapping area represents the amount of variation of Revenue Per Share that can explain the historical movement of Ebit Per Revenue in the same time period over historical financial statements of Transcat, assuming nothing else is changed. The correlation between historical values of Transcat's Revenue Per Share and Ebit Per Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Revenue Per Share of Transcat are associated (or correlated) with its Ebit Per Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit Per Revenue has no effect on the direction of Revenue Per Share i.e., Transcat's Revenue Per Share and Ebit Per Revenue go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Revenue Per Share
The amount of revenue generated by a company per share of stock, calculated by dividing total revenue by the average number of shares outstanding.
Ebit Per Revenue
Most indicators from Transcat's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Transcat 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 Transcat. 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.
For more information on how to buy Transcat Stock please use our
How to Invest in Transcat guide.At this time, Transcat's
Selling General Administrative is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 81.1
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.08 in 2024.
Transcat fundamental ratios Correlations
Click cells to compare fundamentals
Transcat Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Transcat fundamental ratios Accounts
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Additional Tools for Transcat Stock Analysis
When running Transcat's price analysis, check to
measure Transcat'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 Transcat is operating at the current time. Most of Transcat's value examination focuses on studying past and present price action to
predict the probability of Transcat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transcat's price. Additionally, you may evaluate how the addition of Transcat to your portfolios can decrease your overall portfolio volatility.