SCG Stock | | | 3.68 0.04 1.08% |
Scentre financial indicator trend analysis is much more than just breaking down Scentre Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Scentre Group is a good investment. Please check the relationship between Scentre Property Plant And Equipment Gross and its Other Current Liab accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Scentre Group. 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Scentre Group Property Plant And Equipment Gross account and
Other Current Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Scentre's Property Plant And Equipment Gross and Other Current Liab is -0.34. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Scentre Group, assuming nothing else is changed. The correlation between historical values of Scentre's Property Plant And Equipment Gross and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Scentre Group are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Property Plant And Equipment Gross i.e., Scentre's Property Plant And Equipment Gross and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.34 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Most indicators from Scentre's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scentre Group 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Scentre Group. 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.
Selling General Administrative is likely to drop to about 80.3
M in 2024.
Discontinued Operations is likely to drop to about 4.1
B in 2024
When running Scentre's price analysis, check to
measure Scentre'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 Scentre is operating at the current time. Most of Scentre's value examination focuses on studying past and present price action to
predict the probability of Scentre's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scentre's price. Additionally, you may evaluate how the addition of Scentre to your portfolios can decrease your overall portfolio volatility.