Quarterly Revenue Trend Analysis
Overall Quarterly Revenue Growth Trend of Healthcare Sector Companies.
Seasonally Adjusted Quarterly Revenue Growth Rate
QoQ Growth Rate of Revenue | 5.4% |
YoY Growth Rate of Revenue | 10.3% |
Correlation Analysis between Quarterly Revenue and Stock Price
Determine the correlation between the stock price of the Healthcare Sector ETF (XLV) and the seasonally adjusted overall quarterly revenue of Healthcare sector companies. If there is a moderate to high correlation, the overall seasonally adjusted quarterly revenue can be used to estimate whether the stock price is reasonable.
Seasonally Adjusted Quarterly Revenue and stock price of Healthcare Sector show a High Correlation. The higher the correlation, the greater the reference value.
The Coefficient of Determination
between Seasonally Adjusted Quarterly Revenue and Stock Price
High Correlation 0.95
Related Stocks
Related Healthcare sector stocks, along with their quarterly revenue growth rates (QoQ and YoY).
Disclaimer
1. The information provided is for reference only and does not constitute any guarantee of profits or specific stock and price point recommendations.
2. The information is not complete; for comprehensive data, please refer to the relevant websites.
3. All stock market data analyses are subject to survivorship bias.