ORTEL Stock | | | 1.76 0.10 5.38% |
Ortel Communications financial indicator trend analysis is much more than just breaking down Ortel Communications prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ortel Communications is a good investment. Please check the relationship between Ortel Communications Inventory and its Property Plant And Equipment Net accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ortel Communications 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 bureau of economic analysis.
Inventory vs Property Plant And Equipment Net
Inventory vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ortel Communications Inventory account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Ortel Communications' Inventory and Property Plant And Equipment Net is 0.19. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Ortel Communications Limited, assuming nothing else is changed. The correlation between historical values of Ortel Communications' Inventory and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Ortel Communications Limited are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Inventory i.e., Ortel Communications' Inventory and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.19 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Inventory
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.
Most indicators from Ortel Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ortel Communications 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ortel Communications 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 bureau of economic analysis.
As of the 28th of November 2024,
Selling General Administrative is likely to grow to about 22.2
M, while
Issuance Of Capital Stock is likely to drop about 70
M.
Ortel Communications fundamental ratios Correlations
Click cells to compare fundamentals
Ortel Communications Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ortel Communications fundamental ratios Accounts
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Other Information on Investing in Ortel Stock
Balance Sheet is a snapshot of the
financial position of Ortel Communications at a specified time, usually calculated after every quarter, six months, or one year. Ortel Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ortel Communications and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Ortel currently owns. An asset can also be divided into two categories, current and non-current.