Mold Tek financial indicator trend analysis is infinitely more than just investigating Mold Tek Packaging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mold Tek Packaging is a good investment. Please check the relationship between Mold Tek Total Current Assets and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mold Tek Packaging Limited. 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.
Total Current Assets vs Total Assets
Total Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mold Tek Packaging Total Current Assets account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Mold Tek's Total Current Assets and Total Assets is 0.82. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Mold Tek Packaging Limited, assuming nothing else is changed. The correlation between historical values of Mold Tek's Total Current Assets and Total 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 Total Current Assets of Mold Tek Packaging Limited are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Assets i.e., Mold Tek's Total Current Assets and Total Assets go up and down completely randomly.
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Total Assets
Total assets refers to the total amount of Mold Tek assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Mold Tek Packaging books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Mold Tek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mold Tek Packaging 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mold Tek Packaging Limited. 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.
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.
When running Mold Tek's price analysis, check to measure Mold Tek's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mold Tek is operating at the current time. Most of Mold Tek's value examination focuses on studying past and present price action to predict the probability of Mold Tek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mold Tek's price. Additionally, you may evaluate how the addition of Mold Tek to your portfolios can decrease your overall portfolio volatility.