SCHMID Net Receivables vs Common Stock Shares Outstanding Analysis

SHMDW Stock   0.29  0.01  3.57%   
SCHMID Group financial indicator trend analysis is much more than just breaking down SCHMID Group NV prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SCHMID Group NV is a good investment. Please check the relationship between SCHMID Group Net Receivables and its Common Stock Shares Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SCHMID Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Net Receivables vs Common Stock Shares Outstanding

Net Receivables vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SCHMID Group NV Net Receivables account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between SCHMID Group's Net Receivables and Common Stock Shares Outstanding is -0.26. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of SCHMID Group NV, assuming nothing else is changed. The correlation between historical values of SCHMID Group's Net Receivables and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of SCHMID Group NV are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Receivables i.e., SCHMID Group's Net Receivables and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Receivables

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from SCHMID Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SCHMID Group NV 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 SCHMID Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Sales General And Administrative To Revenue is likely to climb to 0.26 in 2024, whereas Tax Provision is likely to drop slightly above 1.6 M in 2024.
 2010 2022 2023 2024 (projected)
Depreciation And Amortization4.9M6.3M6.9M6.6M
Interest Income3.2M4.1M3.9M4.1M

SCHMID Group fundamental ratios Correlations

0.82-0.970.74-0.310.170.680.71-0.250.440.010.04-0.210.440.520.48-0.25-0.470.56-0.120.770.960.210.490.880.57
0.82-0.850.37-0.730.40.290.980.260.040.480.480.340.040.150.690.3-0.810.09-0.620.990.89-0.310.830.470.13
-0.97-0.85-0.750.31-0.05-0.71-0.760.22-0.360.030.020.16-0.36-0.61-0.390.20.44-0.580.14-0.78-0.91-0.14-0.47-0.81-0.62
0.740.37-0.750.35-0.520.990.2-0.790.82-0.42-0.48-0.720.820.72-0.23-0.750.220.940.490.230.530.72-0.170.910.86
-0.31-0.730.310.35-0.830.44-0.83-0.820.53-0.79-0.86-0.850.530.39-0.9-0.830.980.60.97-0.83-0.540.81-0.980.150.51
0.170.4-0.05-0.52-0.83-0.580.480.73-0.470.650.780.66-0.47-0.490.930.68-0.83-0.64-0.760.540.42-0.620.81-0.15-0.58
0.680.29-0.710.990.44-0.580.12-0.830.8-0.52-0.58-0.770.80.78-0.31-0.80.30.970.570.150.470.75-0.260.880.91
0.710.98-0.760.2-0.830.480.120.44-0.170.520.540.51-0.170.090.740.47-0.88-0.08-0.740.990.81-0.50.890.30.01
-0.250.260.22-0.79-0.820.73-0.830.44-0.880.680.750.98-0.88-0.560.640.99-0.72-0.9-0.90.39-0.01-0.980.69-0.67-0.76
0.440.04-0.360.820.53-0.470.8-0.17-0.88-0.27-0.35-0.821.00.3-0.35-0.820.420.790.63-0.090.260.9-0.360.770.56
0.010.480.03-0.42-0.790.65-0.520.520.68-0.270.980.76-0.27-0.790.620.76-0.73-0.69-0.840.540.21-0.620.76-0.31-0.78
0.040.480.02-0.48-0.860.78-0.580.540.75-0.350.980.79-0.35-0.780.730.8-0.8-0.74-0.880.580.27-0.670.82-0.31-0.79
-0.210.340.16-0.72-0.850.66-0.770.510.98-0.820.760.79-0.82-0.590.61.0-0.74-0.87-0.940.460.01-0.980.72-0.65-0.76
0.440.04-0.360.820.53-0.470.8-0.17-0.881.0-0.27-0.35-0.820.3-0.35-0.820.420.790.63-0.090.260.9-0.360.770.56
0.520.15-0.610.720.39-0.490.780.09-0.560.3-0.79-0.78-0.590.3-0.26-0.620.270.820.50.060.340.45-0.290.630.96
0.480.69-0.39-0.23-0.90.93-0.310.740.64-0.350.620.730.6-0.35-0.260.6-0.95-0.42-0.790.790.7-0.580.930.11-0.34
-0.250.30.2-0.75-0.830.68-0.80.470.99-0.820.760.81.0-0.82-0.620.6-0.73-0.9-0.930.42-0.02-0.980.71-0.67-0.79
-0.47-0.810.440.220.98-0.830.3-0.88-0.720.42-0.73-0.8-0.740.420.27-0.95-0.730.460.92-0.89-0.670.71-1.0-0.020.38
0.560.09-0.580.940.6-0.640.97-0.08-0.90.79-0.69-0.74-0.870.790.82-0.42-0.90.460.72-0.050.330.83-0.440.840.95
-0.12-0.620.140.490.97-0.760.57-0.74-0.90.63-0.84-0.88-0.940.630.5-0.79-0.930.920.72-0.72-0.340.9-0.910.350.64
0.770.99-0.780.23-0.830.540.150.990.39-0.090.540.580.46-0.090.060.790.42-0.89-0.05-0.720.87-0.430.910.380.01
0.960.89-0.910.53-0.540.420.470.81-0.010.260.210.270.010.260.340.7-0.02-0.670.33-0.340.870.00.690.750.36
0.21-0.31-0.140.720.81-0.620.75-0.5-0.980.9-0.62-0.67-0.980.90.45-0.58-0.980.710.830.9-0.430.0-0.670.650.67
0.490.83-0.47-0.17-0.980.81-0.260.890.69-0.360.760.820.72-0.36-0.290.930.71-1.0-0.44-0.910.910.69-0.670.05-0.38
0.880.47-0.810.910.15-0.150.880.3-0.670.77-0.31-0.31-0.650.770.630.11-0.67-0.020.840.350.380.750.650.050.77
0.570.13-0.620.860.51-0.580.910.01-0.760.56-0.78-0.79-0.760.560.96-0.34-0.790.380.950.640.010.360.67-0.380.77
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SCHMID Group Account Relationship Matchups

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