Immatics Non Current Liabilities Total vs Selling General Administrative Analysis

IMTXW Stock  USD 0.34  0.08  19.05%   
Immatics Biotechnologies financial indicator trend analysis is infinitely more than just investigating Immatics Biotechnologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Immatics Biotechnologies is a good investment. Please check the relationship between Immatics Biotechnologies Non Current Liabilities Total and its Selling General Administrative accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in immatics biotechnologies GmbH. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Non Current Liabilities Total vs Selling General Administrative

Non Current Liabilities Total vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Immatics Biotechnologies Non Current Liabilities Total account and Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Immatics Biotechnologies' Non Current Liabilities Total and Selling General Administrative is -0.37. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of immatics biotechnologies GmbH, assuming nothing else is changed. The correlation between historical values of Immatics Biotechnologies' Non Current Liabilities Total and Selling General Administrative 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 Current Liabilities Total of immatics biotechnologies GmbH are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Non Current Liabilities Total i.e., Immatics Biotechnologies' Non Current Liabilities Total and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.37
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Current Liabilities Total

Selling General Administrative

Most indicators from Immatics Biotechnologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Immatics Biotechnologies 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 immatics biotechnologies GmbH. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Sales General And Administrative To Revenue is likely to climb to 1.03 in 2024, whereas Tax Provision is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Income5.7M9.4M13.8M14.5M
Net Interest Income3.9M1.1M13.0M13.7M

Immatics Biotechnologies fundamental ratios Correlations

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0.470.980.950.810.820.810.58-0.81-0.880.140.880.880.620.990.190.92-0.040.95-0.390.90.960.641.00.70.98
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0.310.330.01-0.210.240.190.260.64-0.310.080.720.310.310.360.330.290.930.010.220.210.020.650.190.460.33
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0.880.780.650.540.880.640.771.0-0.52-0.490.840.550.870.690.760.650.780.610.65-0.540.740.570.640.810.77
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0.660.780.690.630.80.70.960.77-0.84-0.760.50.760.820.420.760.460.660.330.69-0.460.90.710.810.70.76
0.591.00.940.780.880.980.850.71-0.8-0.840.310.860.930.71.00.330.950.130.94-0.440.920.930.770.980.76
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Immatics Biotechnologies Account Relationship Matchups

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