SCHMID Non Currrent Assets Other vs Net Receivables 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 Non Currrent Assets Other and its Net Receivables 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.

Non Currrent Assets Other vs Net Receivables

Non Currrent Assets Other vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SCHMID Group NV Non Currrent Assets Other account and Net Receivables. At this time, the significance of the direction appears to have pay attention.
The correlation between SCHMID Group's Non Currrent Assets Other and Net Receivables is -0.78. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Net Receivables 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 Non Currrent Assets Other and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of SCHMID Group NV are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Non Currrent Assets Other i.e., SCHMID Group's Non Currrent Assets Other and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.78
Relationship DirectionNegative 
Relationship StrengthWeak

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Net Receivables

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
Click cells to compare fundamentals

SCHMID Group Account Relationship Matchups

Also Currently Popular

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.

Additional Tools for SCHMID Stock Analysis

When running SCHMID Group's price analysis, check to measure SCHMID Group'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 SCHMID Group is operating at the current time. Most of SCHMID Group's value examination focuses on studying past and present price action to predict the probability of SCHMID Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SCHMID Group's price. Additionally, you may evaluate how the addition of SCHMID Group to your portfolios can decrease your overall portfolio volatility.