| MEDS Stock | | | USD 7.24 0.34 4.93% |
Trxade financial indicator trend analysis is much more than just breaking down Trxade Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trxade Group is a good investment. Please check the relationship between Trxade Deferred Long Term Liab and its Net Tangible Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Trxade Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Deferred Long Term Liab vs Net Tangible Assets
Deferred Long Term Liab vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Trxade Group Deferred Long Term Liab account and
Net Tangible Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Trxade's Deferred Long Term Liab and Net Tangible Assets is 0.12. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Trxade Group, assuming nothing else is changed. The correlation between historical values of Trxade's Deferred Long Term Liab and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Trxade Group are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Deferred Long Term Liab i.e., Trxade's Deferred Long Term Liab and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.12 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Trxade's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trxade Group 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Trxade Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Selling General Administrative is likely to drop to about 4.8
M in 2024.
Discontinued Operations is likely to drop to about (1.5
M) in 2024
Trxade fundamental ratios Correlations
Click cells to compare fundamentals
Trxade Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trxade fundamental ratios Accounts
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Additional Tools for Trxade Stock Analysis
When running Trxade's price analysis, check to
measure Trxade'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 Trxade is operating at the current time. Most of Trxade's value examination focuses on studying past and present price action to
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