ABAT Stock | | | 0.91 0.01 1.09% |
American Battery financial indicator trend analysis is way more than just evaluating American Battery Tec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Battery Tec is a good investment. Please check the relationship between American Battery Cost Of Revenue and its Current Deferred Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in American Battery 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 nation.
Cost Of Revenue vs Current Deferred Revenue
Cost Of Revenue vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
American Battery Tec Cost Of Revenue account and
Current Deferred Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between American Battery's Cost Of Revenue and Current Deferred Revenue is -0.6. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of American Battery Technology, assuming nothing else is changed. The correlation between historical values of American Battery's Cost Of Revenue and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of American Battery Technology are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Cost Of Revenue i.e., American Battery's Cost Of Revenue and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.6 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Cost Of Revenue
Cost of Revenue is found on American Battery Tec income statement and represents the costs associated with goods and services American Battery provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from American Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Battery Tec 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 American Battery 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 nation.
Selling General Administrative is likely to drop to about 10.9
M in 2024.
Issuance Of Capital Stock is likely to drop to about 34.2
M in 2024
American Battery fundamental ratios Correlations
Click cells to compare fundamentals
American Battery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Battery fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for American Stock Analysis
When running American Battery's price analysis, check to
measure American Battery'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 American Battery is operating at the current time. Most of American Battery's value examination focuses on studying past and present price action to
predict the probability of American Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Battery's price. Additionally, you may evaluate how the addition of American Battery to your portfolios can decrease your overall portfolio volatility.