GBG Stock | | | 345.20 0.80 0.23% |
GB Group financial indicator trend analysis is much more than just examining GB Group plc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GB Group plc is a good investment. Please check the relationship between GB Group Selling General Administrative and its Research Development accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GB Group 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.
Selling General Administrative vs Research Development
Selling General Administrative vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GB Group plc Selling General Administrative account and
Research Development. At this time, the significance of the direction appears to have strong relationship.
The correlation between GB Group's Selling General Administrative and Research Development is 0.78. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Research Development in the same time period over historical financial statements of GB Group plc, assuming nothing else is changed. The correlation between historical values of GB Group's Selling General Administrative and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of GB Group plc are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Selling General Administrative i.e., GB Group's Selling General Administrative and Research Development go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Selling General Administrative
Research Development
Most indicators from GB Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GB Group plc 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GB Group 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.
The current year's Selling General Administrative is expected to grow to about 93.8
M, whereas
Tax Provision is forecasted to decline to about 1.1
M.
GB Group fundamental ratios Correlations
Click cells to compare fundamentals
GB Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GB Group 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 GBG Stock
Balance Sheet is a snapshot of the
financial position of GB Group plc at a specified time, usually calculated after every quarter, six months, or one year. GB Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GB Group 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 GBG currently owns. An asset can also be divided into two categories, current and non-current.