CNC Stock | | | 144.00 2.00 1.41% |
Concurrent Technologies financial indicator trend analysis is way more than just evaluating Concurrent Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Concurrent Technologies is a good investment. Please check the relationship between Concurrent Technologies Non Current Assets Total and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Concurrent Technologies 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.
Non Current Assets Total vs Inventory
Non Current Assets Total vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Concurrent Technologies Non Current Assets Total account and
Inventory. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Concurrent Technologies' Non Current Assets Total and Inventory is 0.88. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Inventory in the same time period over historical financial statements of Concurrent Technologies Plc, assuming nothing else is changed. The correlation between historical values of Concurrent Technologies' Non Current Assets Total and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Concurrent Technologies Plc are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Non Current Assets Total i.e., Concurrent Technologies' Non Current Assets Total and Inventory go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Inventory
Most indicators from Concurrent Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Concurrent Technologies 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 Concurrent Technologies 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.
At present, Concurrent Technologies'
Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
Concurrent Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Concurrent Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Concurrent Technologies fundamental ratios Accounts
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Other Information on Investing in Concurrent Stock
Balance Sheet is a snapshot of the
financial position of Concurrent Technologies at a specified time, usually calculated after every quarter, six months, or one year. Concurrent Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Concurrent Technologies 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 Concurrent currently owns. An asset can also be divided into two categories, current and non-current.