AAL Stock | | | 2,333 0.50 0.02% |
Anglo American financial indicator trend analysis is way more than just evaluating Anglo American PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anglo American PLC is a good investment. Please check the relationship between Anglo American Ebit and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Anglo American PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Ebit vs Minority Interest
Ebit vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Anglo American PLC Ebit account and
Minority Interest. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Anglo American's Ebit and Minority Interest is -0.42. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Anglo American PLC, assuming nothing else is changed. The correlation between historical values of Anglo American's Ebit and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Anglo American PLC are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Ebit i.e., Anglo American's Ebit and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.42 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Ebit
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Anglo American PLC whose combined shares represent less than 50% of the total outstanding shares issued by Anglo American have a minority interest in Anglo American.
Most indicators from Anglo American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anglo American PLC 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 Anglo American PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 3.2
B. The current year's
Tax Provision is expected to grow to about 2.7
BAnglo American fundamental ratios Correlations
Click cells to compare fundamentals
Anglo American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anglo American fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Anglo Stock
Balance Sheet is a snapshot of the
financial position of Anglo American PLC at a specified time, usually calculated after every quarter, six months, or one year. Anglo American Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anglo American 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 Anglo currently owns. An asset can also be divided into two categories, current and non-current.