300463 Stock | | | 14.20 0.17 1.21% |
Maccura Biotechnology financial indicator trend analysis is infinitely more than just investigating Maccura Biotechnology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maccura Biotechnology is a good investment. Please check the relationship between Maccura Biotechnology Cash and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Maccura Biotechnology Co. 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.
Cash vs Common Stock
Cash vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Maccura Biotechnology Cash account and
Common Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Maccura Biotechnology's Cash and Common Stock is 0.81. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock in the same time period over historical financial statements of Maccura Biotechnology Co, assuming nothing else is changed. The correlation between historical values of Maccura Biotechnology's Cash and Common Stock 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 of Maccura Biotechnology Co are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Cash i.e., Maccura Biotechnology's Cash and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Maccura Biotechnology, which is listed under current asset account on Maccura Biotechnology Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Maccura Biotechnology customers. The amounts must be unrestricted with restricted cash listed in a different Maccura Biotechnology account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Common Stock
Most indicators from Maccura Biotechnology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maccura Biotechnology 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 Maccura Biotechnology Co. 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 2, 2024,
Selling General Administrative is expected to decline to about 478.8
M. In addition to that,
Tax Provision is expected to decline to about 655.4
KMaccura Biotechnology fundamental ratios Correlations
Click cells to compare fundamentals
Maccura Biotechnology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Maccura Biotechnology fundamental ratios Accounts
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Other Information on Investing in Maccura Stock
Balance Sheet is a snapshot of the
financial position of Maccura Biotechnology at a specified time, usually calculated after every quarter, six months, or one year. Maccura Biotechnology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Maccura Biotechnology 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 Maccura currently owns. An asset can also be divided into two categories, current and non-current.