STGW Stock | | | USD 7.53 0.03 0.40% |
Stagwell financial indicator trend analysis is much more than just breaking down Stagwell prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stagwell is a good investment. Please check the relationship between Stagwell Total Current Liabilities 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 Stagwell. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Stagwell Stock please use our
How to Invest in Stagwell guide.
Total Current Liabilities vs Common Stock Shares Outstanding
Total Current Liabilities vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Stagwell Total Current Liabilities account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between Stagwell's Total Current Liabilities and Common Stock Shares Outstanding is 0.66. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Stagwell, assuming nothing else is changed. The correlation between historical values of Stagwell's Total Current Liabilities 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 Total Current Liabilities of Stagwell 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 Total Current Liabilities i.e., Stagwell's Total Current Liabilities and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Stagwell balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Stagwell are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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 Stagwell's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stagwell 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 Stagwell. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Stagwell Stock please use our
How to Invest in Stagwell guide.At this time, Stagwell's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.30 in 2024, despite the fact that
Tax Provision is likely to grow to (137.8
K).
Stagwell fundamental ratios Correlations
Click cells to compare fundamentals
Stagwell Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stagwell fundamental ratios Accounts
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Additional Tools for Stagwell Stock Analysis
When running Stagwell's price analysis, check to
measure Stagwell'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 Stagwell is operating at the current time. Most of Stagwell's value examination focuses on studying past and present price action to
predict the probability of Stagwell's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stagwell's price. Additionally, you may evaluate how the addition of Stagwell to your portfolios can decrease your overall portfolio volatility.