| FME Stock | | | 0.95 0.00 0.00% |
Future Metals financial indicator trend analysis is much more than just examining Future Metals NL latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Future Metals NL is a good investment. Please check the relationship between Future Metals Change To Netincome and its Depreciation accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Future Metals NL. 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.
Change To Netincome vs Depreciation
Change To Netincome vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Future Metals NL Change To Netincome account and
Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Future Metals' Change To Netincome and Depreciation is -0.55. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Depreciation in the same time period over historical financial statements of Future Metals NL, assuming nothing else is changed. The correlation between historical values of Future Metals' Change To Netincome and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Future Metals NL are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Netincome i.e., Future Metals' Change To Netincome and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.55 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Change To Netincome
Depreciation
Depreciation indicates how much of Future Metals NL value has been used up. For tax purposes Future Metals can deduct the cost of the tangible assets it purchases as business expenses. However, Future Metals NL must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Future Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Future Metals NL 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Future Metals NL. 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.
The current year's
Issuance Of Capital Stock is expected to grow to about 7.1
M, whereas
Selling General Administrative is forecasted to decline to about 185.8
K.
Future Metals fundamental ratios Correlations
Click cells to compare fundamentals
Future Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Future Metals fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Future Stock
Balance Sheet is a snapshot of the
financial position of Future Metals NL at a specified time, usually calculated after every quarter, six months, or one year. Future Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Future Metals 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 Future currently owns. An asset can also be divided into two categories, current and non-current.