| 0G2Z Stock | | | 39.22 0.28 0.71% |
Solstad Offshore financial indicator trend analysis is much more than just breaking down Solstad Offshore ASA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solstad Offshore ASA is a good investment. Please check the relationship between Solstad Offshore Cash And Short Term Investments and its Property Plant Equipment accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Solstad Offshore ASA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Cash And Short Term Investments vs Property Plant Equipment
Cash And Short Term Investments vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Solstad Offshore ASA Cash And Short Term Investments account and
Property Plant Equipment. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Solstad Offshore's Cash And Short Term Investments and Property Plant Equipment is -0.28. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Solstad Offshore ASA, assuming nothing else is changed. The correlation between historical values of Solstad Offshore's Cash And Short Term Investments and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Solstad Offshore ASA are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Cash And Short Term Investments i.e., Solstad Offshore's Cash And Short Term Investments and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.28 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Solstad Offshore ASA balance sheet. This account contains Solstad Offshore investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Solstad Offshore ASA fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Property Plant Equipment
Most indicators from Solstad Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solstad Offshore ASA 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 Solstad Offshore ASA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to gain to about (3.8
M) in 2024.
Selling General Administrative is likely to drop to about 1.9
B in 2024
Solstad Offshore fundamental ratios Correlations
Click cells to compare fundamentals
Solstad Offshore Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Solstad Offshore fundamental ratios Accounts
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