| 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 Total Current Liabilities and its Long Term Investments 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.
Total Current Liabilities vs Long Term Investments
Total Current Liabilities vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Varex Imaging Corp Total Current Liabilities account and
Long Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Varex Imaging's Total Current Liabilities and Long Term Investments is -0.47. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Long Term Investments 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 Total Current Liabilities and Long Term Investments 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 Current Liabilities of Varex Imaging Corp are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Total Current Liabilities i.e., Varex Imaging's Total Current Liabilities and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.47 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Varex Imaging balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Varex Imaging Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Long Term Investments
Long Term Investments is an item on the asset side of Varex Imaging balance sheet that represents investments Varex Imaging Corp intends to hold for over a year. Varex Imaging Corp long term investments may include different instruments such as stocks, bonds, real estate and cash.
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
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Varex Stock Analysis
When running Varex Imaging's price analysis, check to
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.