Sparebank Earning Assets vs Property Plant Equipment Analysis

0Q57 Stock   146.00  1.40  0.97%   
Sparebank financial indicator trend analysis is much more than just breaking down Sparebank 1 SR prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sparebank 1 SR is a good investment. Please check the relationship between Sparebank Earning Assets and its Property Plant Equipment accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sparebank 1 SR. 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.

Earning Assets vs Property Plant Equipment

Earning Assets vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sparebank 1 SR Earning Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sparebank's Earning Assets and Property Plant Equipment is 0.91. Overlapping area represents the amount of variation of Earning Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Sparebank 1 SR, assuming nothing else is changed. The correlation between historical values of Sparebank's Earning Assets 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 Earning Assets of Sparebank 1 SR 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 Earning Assets i.e., Sparebank's Earning Assets and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Earning Assets

Property Plant Equipment

Most indicators from Sparebank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sparebank 1 SR 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 Sparebank 1 SR. 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 391.5 M in 2024
 2019 2020 2023 2024 (projected)
Net Interest Income4.0B4.1B4.8B3.9B
Tax Provision693M231M207.9M391.5M

Sparebank fundamental ratios Correlations

1.01.00.921.00.95-0.410.991.00.91-0.410.940.95-0.740.90.960.950.910.910.95-0.820.2-0.06
1.00.990.921.00.94-0.420.981.00.89-0.420.940.95-0.730.880.940.940.90.890.93-0.80.2-0.07
1.00.990.910.990.96-0.410.991.00.91-0.410.960.95-0.720.890.960.950.920.90.96-0.810.2-0.07
0.920.920.910.920.83-0.330.890.920.77-0.330.890.99-0.590.720.80.790.750.730.82-0.660.18-0.04
1.01.00.990.920.94-0.420.981.00.89-0.420.940.95-0.730.880.940.940.90.890.93-0.80.2-0.07
0.950.940.960.830.94-0.270.950.950.88-0.270.970.88-0.640.850.930.920.870.851.0-0.720.180.0
-0.41-0.42-0.41-0.33-0.42-0.27-0.44-0.41-0.621.0-0.35-0.410.61-0.46-0.52-0.59-0.55-0.5-0.320.68-0.270.37
0.990.980.990.890.980.95-0.440.990.92-0.440.930.93-0.780.930.980.970.960.940.95-0.860.14-0.15
1.01.01.00.921.00.95-0.410.990.91-0.410.940.95-0.750.90.960.950.910.910.94-0.820.2-0.06
0.910.890.910.770.890.88-0.620.920.91-0.620.860.83-0.860.890.970.960.90.90.9-0.90.31-0.1
-0.41-0.42-0.41-0.33-0.42-0.271.0-0.44-0.41-0.62-0.35-0.410.61-0.46-0.52-0.59-0.55-0.5-0.320.68-0.270.37
0.940.940.960.890.940.97-0.350.930.940.86-0.350.91-0.580.760.880.880.820.770.97-0.680.240.0
0.950.950.950.990.950.88-0.410.930.950.83-0.410.91-0.640.790.860.860.820.80.87-0.720.2-0.07
-0.74-0.73-0.72-0.59-0.73-0.640.61-0.78-0.75-0.860.61-0.58-0.64-0.91-0.84-0.83-0.84-0.91-0.650.980.040.43
0.90.880.890.720.880.85-0.460.930.90.89-0.460.760.79-0.910.960.940.961.00.85-0.95-0.05-0.33
0.960.940.960.80.940.93-0.520.980.960.97-0.520.880.86-0.840.960.990.960.970.94-0.910.2-0.14
0.950.940.950.790.940.92-0.590.970.950.96-0.590.880.86-0.830.940.990.970.960.93-0.910.19-0.18
0.910.90.920.750.90.87-0.550.960.910.9-0.550.820.82-0.840.960.960.970.970.88-0.920.02-0.32
0.910.890.90.730.890.85-0.50.940.910.9-0.50.770.8-0.911.00.970.960.970.85-0.950.0-0.31
0.950.930.960.820.931.0-0.320.950.940.9-0.320.970.87-0.650.850.940.930.880.85-0.740.2-0.02
-0.82-0.8-0.81-0.66-0.8-0.720.68-0.86-0.82-0.90.68-0.68-0.720.98-0.95-0.91-0.91-0.92-0.95-0.740.020.45
0.20.20.20.180.20.18-0.270.140.20.31-0.270.240.20.04-0.050.20.190.020.00.20.020.79
-0.06-0.07-0.07-0.04-0.070.00.37-0.15-0.06-0.10.370.0-0.070.43-0.33-0.14-0.18-0.32-0.31-0.020.450.79
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Sparebank Account Relationship Matchups

Sparebank fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets216.6B234.1B255.9B287.0B330.1B261.1B
Short Long Term Debt Total81.7B94.8B99.5B108.7B125.0B101.1B
Total Stockholder Equity19.9B21.6B24.8B26.4B30.3B24.4B
Long Term Debt81.7B94.8B99.1B108.4B124.6B100.9B
Good Will88M89M254M264M303.6M170.7M
Other Stockholder Equity15.4B17B17.7B19.1B22.0B16.3B
Total Liab196.7B212.5B231.1B260.7B299.8B236.7B
Property Plant Equipment1.5B1.3B1.3B1.2B1.4B1.1B
Earning Assets37.5B35.5B39.6B40.8B47.0B39.3B

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