| VREX Stock | | | USD 16.39 0.25 1.50% |
Varex Imaging financial indicator trend analysis is much more than just breaking down Varex Imaging Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Varex Imaging Corp is a good investment. Please check the relationship between Varex Imaging Cash and its Total Liab accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Varex Imaging 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 income.
Cash vs Total Liab
Cash vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Varex Imaging Corp Cash account and
Total Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Varex Imaging's Cash and Total Liab is 0.84. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Liab in the same time period over historical financial statements of Varex Imaging Corp, assuming nothing else is changed. The correlation between historical values of Varex Imaging's Cash and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Varex Imaging Corp are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Cash i.e., Varex Imaging's Cash and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Varex Imaging Corp, which is listed under current asset account on Varex Imaging Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Varex Imaging customers. The amounts must be unrestricted with restricted cash listed in a different Varex Imaging account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Varex Imaging's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Varex Imaging Corp 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 Varex Imaging 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 income.
Tax Provision is likely to rise to about 54.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 126.8
M in 2024.
Varex Imaging fundamental ratios Correlations
Click cells to compare fundamentals
Varex Imaging Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Varex Imaging fundamental ratios Accounts
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measure Varex Imaging'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 Varex Imaging is operating at the current time. Most of Varex Imaging's value examination focuses on studying past and present price action to
predict the probability of Varex Imaging's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Varex Imaging's price. Additionally, you may evaluate how the addition of Varex Imaging to your portfolios can decrease your overall portfolio volatility.