MTEX Stock | | | USD 7.86 0.02 0.25% |
Mannatech Incorporated financial indicator trend analysis is infinitely more than just investigating Mannatech Incorporated recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mannatech Incorporated is a good investment. Please check the relationship between Mannatech Incorporated Other Assets and its Other Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mannatech Incorporated. 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.
For more information on how to buy Mannatech Stock please use our
How to Invest in Mannatech Incorporated guide.
Other Assets vs Other Current Assets
Other Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mannatech Incorporated Other Assets account and
Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Mannatech Incorporated's Other Assets and Other Current Assets is -0.53. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Mannatech Incorporated, assuming nothing else is changed. The correlation between historical values of Mannatech Incorporated's Other Assets and Other Current 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 Assets of Mannatech Incorporated are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Other Assets i.e., Mannatech Incorporated's Other Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Assets
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Mannatech Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mannatech Incorporated 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 Mannatech Incorporated. 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.
For more information on how to buy Mannatech Stock please use our
How to Invest in Mannatech Incorporated guide.At this time, Mannatech Incorporated's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.37 in 2024, whereas
Tax Provision is likely to drop slightly above 2.5
M in 2024.
Mannatech Incorporated fundamental ratios Correlations
Click cells to compare fundamentals
Mannatech Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mannatech Incorporated fundamental ratios Accounts
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Additional Tools for Mannatech Stock Analysis
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measure Mannatech Incorporated'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 Mannatech Incorporated is operating at the current time. Most of Mannatech Incorporated's value examination focuses on studying past and present price action to
predict the probability of Mannatech Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mannatech Incorporated's price. Additionally, you may evaluate how the addition of Mannatech Incorporated to your portfolios can decrease your overall portfolio volatility.