| 0QLX Stock | | | 1,145 20.00 1.78% |
METALL ZUG financial indicator trend analysis is infinitely more than just investigating METALL ZUG AG recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether METALL ZUG AG is a good investment. Please check the relationship between METALL ZUG Property Plant Equipment and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in METALL ZUG AG. 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.
Property Plant Equipment vs Total Assets
Property Plant Equipment vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
METALL ZUG AG Property Plant Equipment account and
Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between METALL ZUG's Property Plant Equipment and Total Assets is 0.82. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Assets in the same time period over historical financial statements of METALL ZUG AG, assuming nothing else is changed. The correlation between historical values of METALL ZUG's Property Plant Equipment and Total Assets 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 Equipment of METALL ZUG AG are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Property Plant Equipment i.e., METALL ZUG's Property Plant Equipment and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Property Plant Equipment
Total Assets
Total assets refers to the total amount of METALL ZUG assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in METALL ZUG AG books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from METALL ZUG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into METALL ZUG AG 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 METALL ZUG AG. 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.
Selling General Administrative is likely to gain to about 58.9
M in 2024, whereas
Tax Provision is likely to drop slightly above 3.4
M in 2024.
METALL ZUG fundamental ratios Correlations
Click cells to compare fundamentals
METALL ZUG Account Relationship Matchups
High Positive Relationship
High Negative Relationship
METALL ZUG fundamental ratios Accounts
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