| 0NIF Stock | | | 12.76 0.55 4.13% |
SMA Solar financial indicator trend analysis is much more than just breaking down SMA Solar Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SMA Solar Technology is a good investment. Please check the relationship between SMA Solar Retained Earnings and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in SMA Solar Technology. 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.
Retained Earnings vs Net Receivables
Retained Earnings vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SMA Solar Technology Retained Earnings account and
Net Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between SMA Solar's Retained Earnings and Net Receivables is -0.64. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Receivables in the same time period over historical financial statements of SMA Solar Technology, assuming nothing else is changed. The correlation between historical values of SMA Solar's Retained Earnings and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of SMA Solar Technology are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Retained Earnings i.e., SMA Solar's Retained Earnings and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.64 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Net Receivables
Most indicators from SMA Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SMA Solar Technology 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 SMA Solar Technology. 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 (736.2
K) in 2024.
Selling General Administrative is likely to drop to about 127.3
M in 2024
SMA Solar fundamental ratios Correlations
Click cells to compare fundamentals
SMA Solar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SMA Solar fundamental ratios Accounts
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Additional Tools for SMA Stock Analysis
When running SMA Solar's price analysis, check to
measure SMA Solar'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 SMA Solar is operating at the current time. Most of SMA Solar's value examination focuses on studying past and present price action to
predict the probability of SMA Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SMA Solar's price. Additionally, you may evaluate how the addition of SMA Solar to your portfolios can decrease your overall portfolio volatility.