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 Total Assets and its Total Revenue 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.
Total Assets vs Total Revenue
Total Assets vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SEVEN GROUP HOLDINGS Total Assets account and
Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between SEVEN GROUP's Total Assets and Total Revenue is 0.96. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Revenue 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 Total Assets and Total Revenue 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 Assets of SEVEN GROUP HOLDINGS are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Assets i.e., SEVEN GROUP's Total Assets and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of SEVEN GROUP assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in SEVEN GROUP HOLDINGS books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Total Revenue
Total revenue comprises all receipts SEVEN GROUP HOLDINGS generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
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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