Wellfully financial indicator trend analysis is more than just analyzing Wellfully current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wellfully is a good investment. Please check the relationship between Wellfully Total Current Assets and its Net Debt accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wellfully. 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.
Total Current Assets vs Net Debt
Total Current Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wellfully Total Current Assets account and
Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Wellfully's Total Current Assets and Net Debt is -0.91. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Wellfully, assuming nothing else is changed. The correlation between historical values of Wellfully's Total Current Assets and Net Debt 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 Assets of Wellfully are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Assets i.e., Wellfully's Total Current Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.91 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Wellfully's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wellfully 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wellfully. 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.
Issuance Of Capital Stock is likely to gain to about 4.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.5
M in 2024.
Wellfully fundamental ratios Correlations
Click cells to compare fundamentals
Wellfully Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wellfully fundamental ratios Accounts
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Additional Tools for Wellfully Stock Analysis
When running Wellfully's price analysis, check to
measure Wellfully'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 Wellfully is operating at the current time. Most of Wellfully's value examination focuses on studying past and present price action to
predict the probability of Wellfully's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wellfully's price. Additionally, you may evaluate how the addition of Wellfully to your portfolios can decrease your overall portfolio volatility.