| SPSY Stock | | | 236.00 2.00 0.84% |
Spectra Systems financial indicator trend analysis is much more than just breaking down Spectra Systems Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spectra Systems Corp is a good investment. Please check the relationship between Spectra Systems Property Plant And Equipment Gross and its Accounts Payable accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Spectra Systems Corp. 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.
Property Plant And Equipment Gross vs Accounts Payable
Property Plant And Equipment Gross vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spectra Systems Corp Property Plant And Equipment Gross account and
Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Spectra Systems' Property Plant And Equipment Gross and Accounts Payable is 0.85. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Spectra Systems Corp, assuming nothing else is changed. The correlation between historical values of Spectra Systems' Property Plant And Equipment Gross and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Spectra Systems Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Property Plant And Equipment Gross i.e., Spectra Systems' Property Plant And Equipment Gross and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Property Plant And Equipment Gross
Accounts Payable
An accounting item on the balance sheet that represents Spectra Systems obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Spectra Systems Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Spectra Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spectra Systems Corp 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 Spectra Systems Corp. 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 1.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.6
M in 2024.
Spectra Systems fundamental ratios Correlations
Click cells to compare fundamentals
Spectra Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spectra Systems fundamental ratios Accounts
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 Spectra Stock Analysis
When running Spectra Systems' price analysis, check to
measure Spectra Systems' 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 Spectra Systems is operating at the current time. Most of Spectra Systems' value examination focuses on studying past and present price action to
predict the probability of Spectra Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spectra Systems' price. Additionally, you may evaluate how the addition of Spectra Systems to your portfolios can decrease your overall portfolio volatility.