GT Stock | | | USD 10.07 0.04 0.40% |
Goodyear Tire financial indicator trend analysis is much more than just examining Goodyear Tire Rubber latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goodyear Tire Rubber is a good investment. Please check the relationship between Goodyear Tire Non Currrent Assets Other and its Non Current Liabilities Total accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodyear Tire Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Non Currrent Assets Other vs Non Current Liabilities Total
Non Currrent Assets Other vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Goodyear Tire Rubber Non Currrent Assets Other account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Goodyear Tire's Non Currrent Assets Other and Non Current Liabilities Total is -0.23. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Goodyear Tire Rubber, assuming nothing else is changed. The correlation between historical values of Goodyear Tire's Non Currrent Assets Other and Non Current Liabilities Total 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 Currrent Assets Other of Goodyear Tire Rubber are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Non Currrent Assets Other i.e., Goodyear Tire's Non Currrent Assets Other and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Non Current Liabilities Total
Most indicators from Goodyear Tire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goodyear Tire Rubber 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 Goodyear Tire Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Issuance Of Capital Stock is likely to gain to about 10.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.7
B in 2024.
Goodyear Tire fundamental ratios Correlations
Click cells to compare fundamentals
Goodyear Tire Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goodyear Tire fundamental ratios Accounts
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