GWRS Stock | | | USD 13.40 0.02 0.15% |
Global Water financial indicator trend analysis is much more than just examining Global Water Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Water Resources is a good investment. Please check the relationship between Global Water Net Receivables and its Intangible Assets accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Water Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Net Receivables vs Intangible Assets
Net Receivables vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Global Water Resources Net Receivables account and
Intangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Global Water's Net Receivables and Intangible Assets is -0.49. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Global Water Resources, assuming nothing else is changed. The correlation between historical values of Global Water's Net Receivables and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Global Water Resources are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Receivables i.e., Global Water's Net Receivables and Intangible Assets go up and down completely randomly.
Correlation Coefficient | -0.49 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Receivables
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Global Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Water Resources 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 Global Water Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Selling General Administrative is likely to gain to about 17.5
M in 2024, whereas
Tax Provision is likely to drop slightly above 2.4
M in 2024.
Global Water fundamental ratios Correlations
Click cells to compare fundamentals
Global Water Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Global Water fundamental ratios Accounts
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