SONATSOFTW | | | 635.25 8.95 1.43% |
Sonata Software financial indicator trend analysis is much more than just breaking down Sonata Software prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sonata Software is a good investment. Please check the relationship between Sonata Software Good Will and its Cash And Short Term Investments accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sonata Software Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Good Will vs Cash And Short Term Investments
Good Will vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sonata Software Good Will account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sonata Software's Good Will and Cash And Short Term Investments is 0.88. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Sonata Software Limited, assuming nothing else is changed. The correlation between historical values of Sonata Software's Good Will and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Sonata Software Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Good Will i.e., Sonata Software's Good Will and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Sonata Software balance sheet. This account contains Sonata Software investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sonata Software Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Sonata Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sonata Software 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 Sonata Software Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Sonata Software's
Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024,
Issuance Of Capital Stock is likely to grow to about 38
M, while
Tax Provision is likely to drop about 1.1
B.
Sonata Software fundamental ratios Correlations
Click cells to compare fundamentals
Sonata Software Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sonata Software fundamental ratios Accounts
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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.
Other Information on Investing in Sonata Stock
Balance Sheet is a snapshot of the
financial position of Sonata Software at a specified time, usually calculated after every quarter, six months, or one year. Sonata Software Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sonata Software and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Sonata currently owns. An asset can also be divided into two categories, current and non-current.