ADUS Stock | | | USD 131.40 1.80 1.39% |
Addus HomeCare financial indicator trend analysis is way more than just evaluating Addus HomeCare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Addus HomeCare is a good investment. Please check the relationship between Addus HomeCare Other Current Liab and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Addus HomeCare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy Addus Stock please use our
How to Invest in Addus HomeCare guide.
Other Current Liab vs Total Assets
Other Current Liab vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Addus HomeCare Other Current Liab account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Addus HomeCare's Other Current Liab and Total Assets is 0.9. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of Addus HomeCare, assuming nothing else is changed. The correlation between historical values of Addus HomeCare's Other Current Liab and Total 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 Other Current Liab of Addus HomeCare are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., Addus HomeCare's Other Current Liab and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Current Liab
Total Assets
Total assets refers to the total amount of Addus HomeCare assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Addus HomeCare books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Addus HomeCare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Addus HomeCare 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Addus HomeCare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy Addus Stock please use our
How to Invest in Addus HomeCare guide.At this time, Addus HomeCare's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.23 in 2024, whereas
Tax Provision is likely to drop slightly above 9.7
M in 2024.
Addus HomeCare fundamental ratios Correlations
Click cells to compare fundamentals
Addus HomeCare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Addus HomeCare fundamental ratios Accounts
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Additional Tools for Addus Stock Analysis
When running Addus HomeCare's price analysis, check to
measure Addus HomeCare'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 Addus HomeCare is operating at the current time. Most of Addus HomeCare's value examination focuses on studying past and present price action to
predict the probability of Addus HomeCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addus HomeCare's price. Additionally, you may evaluate how the addition of Addus HomeCare to your portfolios can decrease your overall portfolio volatility.