| FOBI Stock | | | 0.04 0.00 0.00% |
Fobi AI financial indicator trend analysis is much more than just examining Fobi AI latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fobi AI is a good investment. Please check the relationship between Fobi AI Property Plant And Equipment Net and its Total Current Liabilities accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fobi AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Property Plant And Equipment Net vs Total Current Liabilities
Property Plant And Equipment Net vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fobi AI Property Plant And Equipment Net account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Fobi AI's Property Plant And Equipment Net and Total Current Liabilities is 0.32. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Fobi AI, assuming nothing else is changed. The correlation between historical values of Fobi AI's Property Plant And Equipment Net and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Fobi AI are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Property Plant And Equipment Net i.e., Fobi AI's Property Plant And Equipment Net and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.32 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Total Current Liabilities
Total Current Liabilities is an item on Fobi AI balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Fobi AI are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Fobi AI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fobi AI 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 Fobi AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
At this time, Fobi AI's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 3
M in 2024, whereas
Tax Provision is likely to drop (67.4
K) in 2024.
Fobi AI fundamental ratios Correlations
Click cells to compare fundamentals
Fobi AI Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fobi AI fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Fobi Stock Analysis
When running Fobi AI's price analysis, check to
measure Fobi AI'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 Fobi AI is operating at the current time. Most of Fobi AI's value examination focuses on studying past and present price action to
predict the probability of Fobi AI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fobi AI's price. Additionally, you may evaluate how the addition of Fobi AI to your portfolios can decrease your overall portfolio volatility.