SGU Stock | | | USD 12.66 0.04 0.32% |
Star Gas financial indicator trend analysis is much more than just breaking down Star Gas Partners prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Star Gas Partners is a good investment. Please check the relationship between Star Gas Retained Earnings and its Deferred Long Term Liab accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Star Gas Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Retained Earnings vs Deferred Long Term Liab
Retained Earnings vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Star Gas Partners Retained Earnings account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Star Gas' Retained Earnings and Deferred Long Term Liab is 0.34. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Star Gas Partners, assuming nothing else is changed. The correlation between historical values of Star Gas' Retained Earnings and Deferred Long Term 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 Retained Earnings of Star Gas Partners are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Retained Earnings i.e., Star Gas' Retained Earnings and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Star Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Star Gas Partners 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 Star Gas Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
At this time, Star Gas'
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 16.4
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.01 in 2024.
Star Gas fundamental ratios Correlations
Click cells to compare fundamentals
Star Gas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Star Gas fundamental ratios Accounts
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Additional Tools for Star Stock Analysis
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