POR Stock | | | USD 48.06 0.35 0.73% |
Portland General financial indicator trend analysis is much more than just breaking down Portland General Electric prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Portland General Electric is a good investment. Please check the relationship between Portland General Good Will and its Accounts Payable accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Portland General Electric. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Good Will vs Accounts Payable
Good Will vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Portland General Electric Good Will account and
Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Portland General's Good Will and Accounts Payable is -0.67. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Portland General Electric, assuming nothing else is changed. The correlation between historical values of Portland General's Good Will and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Portland General Electric are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Good Will i.e., Portland General's Good Will and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.67 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Accounts Payable
An accounting item on the balance sheet that represents Portland General obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Portland General Electric are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Portland General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Portland General Electric 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 Portland General Electric. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
As of 11/29/2024,
Issuance Of Capital Stock is likely to grow to about 509.2
M, while
Selling General Administrative is likely to drop slightly above 301.1
M.
Portland General fundamental ratios Correlations
Click cells to compare fundamentals
Portland General Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Portland General fundamental ratios Accounts
Additional Tools for Portland Stock Analysis
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