SVW Stock | | | 44.91 0.39 0.86% |
SEVEN GROUP financial indicator trend analysis is much more than just breaking down SEVEN GROUP HOLDINGS prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SEVEN GROUP HOLDINGS is a good investment. Please check the relationship between SEVEN GROUP Capital Expenditures and its Other Non Cash Items accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SEVEN GROUP HOLDINGS. 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.
Capital Expenditures vs Other Non Cash Items
Capital Expenditures vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SEVEN GROUP HOLDINGS Capital Expenditures account and
Other Non Cash Items. At this time, the significance of the direction appears to have strong relationship.
The correlation between SEVEN GROUP's Capital Expenditures and Other Non Cash Items is 0.77. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of SEVEN GROUP HOLDINGS, assuming nothing else is changed. The correlation between historical values of SEVEN GROUP's Capital Expenditures and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of SEVEN GROUP HOLDINGS are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Capital Expenditures i.e., SEVEN GROUP's Capital Expenditures and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Capital Expenditures
Capital Expenditures are funds used by SEVEN GROUP HOLDINGS to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of SEVEN GROUP operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Other Non Cash Items
Most indicators from SEVEN GROUP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SEVEN GROUP HOLDINGS 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 SEVEN GROUP HOLDINGS. 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.
Selling General Administrative is likely to drop to about 744.4
M in 2024
SEVEN GROUP fundamental ratios Correlations
Click cells to compare fundamentals
SEVEN GROUP Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SEVEN GROUP fundamental ratios Accounts
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Additional Tools for SEVEN Stock Analysis
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