BXB Stock | | | 19.07 0.32 1.65% |
Brambles financial indicator trend analysis is way more than just evaluating Brambles prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brambles is a good investment. Please check the relationship between Brambles Total Current Assets and its Other Current Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Brambles. 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.
Total Current Assets vs Other Current Liab
Total Current Assets vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Brambles Total Current Assets account and
Other Current Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Brambles' Total Current Assets and Other Current Liab is 0.32. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Brambles, assuming nothing else is changed. The correlation between historical values of Brambles' Total Current Assets and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Brambles are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Total Current Assets i.e., Brambles' Total Current Assets and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Other Current Liab
Most indicators from Brambles' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brambles 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 Brambles. 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.
Selling General Administrative is likely to drop to about 904.2
M in 2024.
Discontinued Operations is likely to drop to about 48.1
M in 2024
Brambles fundamental ratios Correlations
Click cells to compare fundamentals
Brambles Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brambles fundamental ratios Accounts
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Additional Tools for Brambles Stock Analysis
When running Brambles' price analysis, check to
measure Brambles' 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 Brambles is operating at the current time. Most of Brambles' value examination focuses on studying past and present price action to
predict the probability of Brambles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brambles' price. Additionally, you may evaluate how the addition of Brambles to your portfolios can decrease your overall portfolio volatility.