SGM Stock | | | 13.43 0.21 1.59% |
Sims financial indicator trend analysis is much more than just breaking down Sims prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sims is a good investment. Please check the relationship between Sims Property Plant And Equipment Gross and its Cash accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sims. 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.
Property Plant And Equipment Gross vs Cash
Property Plant And Equipment Gross vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sims Property Plant And Equipment Gross account and
Cash. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Sims' Property Plant And Equipment Gross and Cash is 0.16. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Cash in the same time period over historical financial statements of Sims, assuming nothing else is changed. The correlation between historical values of Sims' Property Plant And Equipment Gross and Cash 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 Sims are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant And Equipment Gross i.e., Sims' Property Plant And Equipment Gross and Cash go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Property Plant And Equipment Gross
Cash
Cash refers to the most liquid asset of Sims, which is listed under current asset account on Sims balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sims customers. The amounts must be unrestricted with restricted cash listed in a different Sims 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.
Most indicators from Sims' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sims 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 Sims. 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.
Discontinued Operations is likely to gain to about 120.8
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 510.9
M in 2024.
Sims fundamental ratios Correlations
Click cells to compare fundamentals
Sims Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sims fundamental ratios Accounts
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Additional Tools for Sims Stock Analysis
When running Sims' price analysis, check to
measure Sims' 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 Sims is operating at the current time. Most of Sims' value examination focuses on studying past and present price action to
predict the probability of Sims' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sims' price. Additionally, you may evaluate how the addition of Sims to your portfolios can decrease your overall portfolio volatility.