CHCT Stock | | | USD 18.79 0.28 1.51% |
Community Healthcare financial indicator trend analysis is way more than just evaluating Community Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Community Healthcare is a good investment. Please check the relationship between Community Healthcare Ebit and its Net Income From Continuing Ops accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Community Healthcare Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Community Healthcare Ebit account and
Net Income From Continuing Ops. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Community Healthcare's Ebit and Net Income From Continuing Ops is 0.17. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Community Healthcare Trust, assuming nothing else is changed. The correlation between historical values of Community Healthcare's Ebit and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Community Healthcare Trust are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Ebit i.e., Community Healthcare's Ebit and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.17 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Most indicators from Community Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Community Healthcare 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 Community Healthcare Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
At this time, Community Healthcare's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 321.3
K in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 44
M in 2024.
When running Community Healthcare's price analysis, check to
measure Community Healthcare'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 Community Healthcare is operating at the current time. Most of Community Healthcare's value examination focuses on studying past and present price action to
predict the probability of Community Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Community Healthcare's price. Additionally, you may evaluate how the addition of Community Healthcare to your portfolios can decrease your overall portfolio volatility.