002152 Stock | | | 13.10 0.10 0.77% |
GRG Banking financial indicator trend analysis is much more than just examining GRG Banking Equipment latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GRG Banking Equipment is a good investment. Please check the relationship between GRG Banking Property Plant And Equipment Net and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in GRG Banking Equipment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Property Plant And Equipment Net vs Total Stockholder Equity
Property Plant And Equipment Net vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GRG Banking Equipment Property Plant And Equipment Net account and
Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between GRG Banking's Property Plant And Equipment Net and Total Stockholder Equity is 0.97. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of GRG Banking Equipment, assuming nothing else is changed. The correlation between historical values of GRG Banking's Property Plant And Equipment Net and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of GRG Banking Equipment are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Property Plant And Equipment Net i.e., GRG Banking's Property Plant And Equipment Net and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from GRG Banking's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GRG Banking Equipment 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 GRG Banking Equipment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of December 13, 2024,
Selling General Administrative is expected to decline to about 672.3
M. In addition to that,
Tax Provision is expected to decline to about 145.4
MGRG Banking fundamental ratios Correlations
Click cells to compare fundamentals
GRG Banking Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GRG Banking fundamental ratios Accounts
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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.
Other Information on Investing in GRG Stock
Balance Sheet is a snapshot of the
financial position of GRG Banking Equipment at a specified time, usually calculated after every quarter, six months, or one year. GRG Banking Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GRG Banking and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which GRG currently owns. An asset can also be divided into two categories, current and non-current.