SSY Stock | | | USD 0.75 0.01 1.32% |
SunLink Health financial indicator trend analysis is much more than just breaking down SunLink Health Systems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SunLink Health Systems is a good investment. Please check the relationship between SunLink Health Total Other Income Expense Net and its Gross Profit accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SunLink Health Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Total Other Income Expense Net vs Gross Profit
Total Other Income Expense Net vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SunLink Health Systems Total Other Income Expense Net account and
Gross Profit. At this time, the significance of the direction appears to have weak relationship.
The correlation between SunLink Health's Total Other Income Expense Net and Gross Profit is 0.37. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Gross Profit in the same time period over historical financial statements of SunLink Health Systems, assuming nothing else is changed. The correlation between historical values of SunLink Health's Total Other Income Expense Net and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of SunLink Health Systems are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Other Income Expense Net i.e., SunLink Health's Total Other Income Expense Net and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Other Income Expense Net
Gross Profit
Gross profit is a required income statement account that reflects total revenue of SunLink Health Systems minus its cost of goods sold. It is profit before SunLink Health operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from SunLink Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SunLink Health Systems 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 SunLink Health Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Selling General Administrative is likely to drop to about 10.4
M in 2024.
Discontinued Operations is likely to rise to about (119.7
K) in 2024
SunLink Health fundamental ratios Correlations
Click cells to compare fundamentals
SunLink Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SunLink Health fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for SunLink Stock Analysis
When running SunLink Health's price analysis, check to
measure SunLink Health'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 SunLink Health is operating at the current time. Most of SunLink Health's value examination focuses on studying past and present price action to
predict the probability of SunLink Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SunLink Health's price. Additionally, you may evaluate how the addition of SunLink Health to your portfolios can decrease your overall portfolio volatility.