| MEDS Stock | | | USD 7.59 0.35 4.83% |
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 Retained Earnings and its Common Stock Total Equity 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.
Retained Earnings vs Common Stock Total Equity
Retained Earnings vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Trxade Group Retained Earnings account and
Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Trxade's Retained Earnings and Common Stock Total Equity is 0.64. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock Total Equity 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 Retained Earnings and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Trxade Group are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Retained Earnings i.e., Trxade's Retained Earnings and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the 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
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