SPIC Stock | | | 77.74 1.51 1.91% |
Southern Petrochemicals financial indicator trend analysis is much more than just breaking down Southern Petrochemicals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southern Petrochemicals is a good investment. Please check the relationship between Southern Petrochemicals Short Long Term Debt Total and its Other Current Liab accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Petrochemicals Industries. 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.
Short Long Term Debt Total vs Other Current Liab
Short Long Term Debt Total vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Southern Petrochemicals Short Long Term Debt Total account and
Other Current Liab. At this time, the significance of the direction appears to have no relationship.
The correlation between Southern Petrochemicals' Short Long Term Debt Total and Other Current Liab is 0.03. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Southern Petrochemicals Industries, assuming nothing else is changed. The correlation between historical values of Southern Petrochemicals' Short Long Term Debt Total and Other Current 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 Short Long Term Debt Total of Southern Petrochemicals Industries are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Short Long Term Debt Total i.e., Southern Petrochemicals' Short Long Term Debt Total and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.03 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Short Long Term Debt Total
Other Current Liab
Most indicators from Southern Petrochemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southern Petrochemicals 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 Southern Petrochemicals Industries. 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.
Tax Provision is likely to gain to about 598.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 94
M in 2024.
Southern Petrochemicals fundamental ratios Correlations
Click cells to compare fundamentals
Southern Petrochemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Southern Petrochemicals fundamental ratios Accounts
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