| PGHL Stock | | | 5,289 116.20 2.25% |
Procter Gamble financial indicator trend analysis is much more than just breaking down Procter Gamble Health prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Procter Gamble Health is a good investment. Please check the relationship between Procter Gamble Total Assets and its Other Current Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Procter Gamble Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Procter Stock please use our
How to Invest in Procter Gamble guide.
Total Assets vs Other Current Assets
Total Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Procter Gamble Health Total Assets account and
Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Procter Gamble's Total Assets and Other Current Assets is 0.61. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Procter Gamble Health, assuming nothing else is changed. The correlation between historical values of Procter Gamble's Total Assets and Other Current 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 Assets of Procter Gamble Health are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Assets i.e., Procter Gamble's Total Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Procter Gamble 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 Procter Gamble Health 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.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Procter Gamble's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Procter Gamble Health 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 Procter Gamble Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Procter Stock please use our
How to Invest in Procter Gamble guide.At this time, Procter Gamble's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 8.9
B in 2024, whereas
Tax Provision is likely to drop slightly above 691.9
M in 2024.
Procter Gamble fundamental ratios Correlations
Click cells to compare fundamentals
Procter Gamble Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Procter Gamble fundamental ratios Accounts
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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.
Additional Tools for Procter Stock Analysis
When running Procter Gamble's price analysis, check to
measure Procter Gamble'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 Procter Gamble is operating at the current time. Most of Procter Gamble's value examination focuses on studying past and present price action to
predict the probability of Procter Gamble's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Procter Gamble's price. Additionally, you may evaluate how the addition of Procter Gamble to your portfolios can decrease your overall portfolio volatility.