Astra Cash vs Net Working Capital Analysis
| ASTR Stock | 0.13 0.01 7.14% |
Astra Exploration financial indicator trend analysis is way more than just evaluating Astra Exploration prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Astra Exploration is a good investment. Please check the relationship between Astra Exploration Cash and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astra Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Cash vs Net Working Capital
Cash vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astra Exploration Cash account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Astra Exploration's Cash and Net Working Capital is 0.97. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Astra Exploration, assuming nothing else is changed. The correlation between historical values of Astra Exploration's Cash and Net Working Capital 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 Astra Exploration are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Cash i.e., Astra Exploration's Cash and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Astra Exploration, which is listed under current asset account on Astra Exploration balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Astra Exploration customers. The amounts must be unrestricted with restricted cash listed in a different Astra Exploration 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.Net Working Capital
Most indicators from Astra Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Astra Exploration 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 Astra Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. Selling General Administrative is likely to climb to about 935 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Astra Exploration fundamental ratios Correlations
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Astra Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Astra Stock Analysis
When running Astra Exploration's price analysis, check to measure Astra Exploration'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 Astra Exploration is operating at the current time. Most of Astra Exploration's value examination focuses on studying past and present price action to predict the probability of Astra Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astra Exploration's price. Additionally, you may evaluate how the addition of Astra Exploration to your portfolios can decrease your overall portfolio volatility.