ACNT Stock | | | USD 11.62 0.25 2.11% |
Synalloy financial indicator trend analysis is much more than just breaking down Synalloy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Synalloy is a good investment. Please check the relationship between Synalloy Net Debt and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Synalloy. 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.
For more information on how to buy Synalloy Stock please use our
How to Invest in Synalloy guide.
Net Debt vs Non Currrent Assets Other
Net Debt vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Synalloy Net Debt account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Synalloy's Net Debt and Non Currrent Assets Other is -0.1. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Synalloy, assuming nothing else is changed. The correlation between historical values of Synalloy's Net Debt and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Synalloy are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Debt i.e., Synalloy's Net Debt and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Synalloy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Synalloy 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 Synalloy. 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.
For more information on how to buy Synalloy Stock please use our
How to Invest in Synalloy guide.
Selling General Administrative is likely to gain to about 42.2
M in 2024, despite the fact that
Tax Provision is likely to grow to (3.6
M).
Synalloy fundamental ratios Correlations
Click cells to compare fundamentals
Synalloy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Synalloy fundamental ratios Accounts
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Additional Tools for Synalloy Stock Analysis
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