Sterling Good Will vs Inventory Analysis
| STER Stock | USD 15.37 0.08 0.52% |
Sterling Check financial indicator trend analysis is much more than just breaking down Sterling Check Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sterling Check Corp is a good investment. Please check the relationship between Sterling Check Good Will and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sterling Check 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.
Good Will vs Inventory
Good Will vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sterling Check Corp Good Will account and Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Sterling Check's Good Will and Inventory is -0.53. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Inventory in the same time period over historical financial statements of Sterling Check Corp, assuming nothing else is changed. The correlation between historical values of Sterling Check's Good Will and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Sterling Check Corp are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Good Will i.e., Sterling Check's Good Will and Inventory go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Inventory
Most indicators from Sterling Check's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sterling Check 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 Sterling Check 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. At this time, Sterling Check's Tax Provision is relatively stable compared to the past year. As of 06/09/2024, Selling General Administrative is likely to grow to about 169.9 M, while Enterprise Value Over EBITDA is likely to drop 10.67.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 30.9M | 29.5M | 36.5M | 27.1M | Depreciation And Amortization | 82.1M | 76.2M | 62.9M | 65.0M |
Sterling Check fundamental ratios Correlations
Click cells to compare fundamentals
Sterling Check Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Sterling Check's price analysis, check to measure Sterling Check'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 Sterling Check is operating at the current time. Most of Sterling Check's value examination focuses on studying past and present price action to predict the probability of Sterling Check's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sterling Check's price. Additionally, you may evaluate how the addition of Sterling Check to your portfolios can decrease your overall portfolio volatility.