PSPPROJECT | | | 642.70 2.85 0.44% |
PSP Projects financial indicator trend analysis is much more than just breaking down PSP Projects Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PSP Projects Limited is a good investment. Please check the relationship between PSP Projects Cash and its Cash And Short Term Investments accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PSP Projects 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 metropolitan statistical area.
Cash vs Cash And Short Term Investments
Cash vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PSP Projects Limited Cash account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between PSP Projects' Cash and Cash And Short Term Investments is -0.28. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of PSP Projects Limited, assuming nothing else is changed. The correlation between historical values of PSP Projects' Cash and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of PSP Projects Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Cash i.e., PSP Projects' Cash and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.28 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of PSP Projects Limited, which is listed under current asset account on PSP Projects Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from PSP Projects customers. The amounts must be unrestricted with restricted cash listed in a different PSP Projects account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of PSP Projects Limited balance sheet. This account contains PSP Projects investments that will expire within one year. These investments include stocks and bonds that can be liquidated by PSP Projects Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from PSP Projects' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PSP Projects Limited 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 PSP Projects 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 metropolitan statistical area.
Selling General Administrative is expected to hike to about 1.9
B this year, although the value of
Tax Provision will most likely fall to nearly 419
M.
PSP Projects fundamental ratios Correlations
Click cells to compare fundamentals
PSP Projects Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PSP Projects 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.
Other Information on Investing in PSP Stock
Balance Sheet is a snapshot of the
financial position of PSP Projects Limited at a specified time, usually calculated after every quarter, six months, or one year. PSP Projects Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of PSP Projects 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 PSP currently owns. An asset can also be divided into two categories, current and non-current.