GLEN Stock | | | 352.90 1.20 0.34% |
Glencore PLC financial indicator trend analysis is much more than just examining Glencore PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glencore PLC is a good investment. Please check the relationship between Glencore PLC Property Plant And Equipment Net and its Net Receivables accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glencore 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 board of governors.
Property Plant And Equipment Net vs Net Receivables
Property Plant And Equipment Net vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Glencore PLC Property Plant And Equipment Net account and
Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Glencore PLC's Property Plant And Equipment Net and Net Receivables is 0.36. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Glencore PLC, assuming nothing else is changed. The correlation between historical values of Glencore PLC's Property Plant And Equipment Net and Net Receivables 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 Glencore PLC are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant And Equipment Net i.e., Glencore PLC's Property Plant And Equipment Net and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.36 |
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.
Net Receivables
Most indicators from Glencore PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Glencore 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 Glencore 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 board of governors.
Discontinued Operations is likely to gain to about 2.6
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 19.9
M in 2024.
Glencore PLC fundamental ratios Correlations
Click cells to compare fundamentals
Glencore PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Glencore PLC fundamental ratios Accounts
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