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 Current Liabilities and its Common Stock 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 Current Liabilities vs Common Stock
Total Current Liabilities vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SEVEN GROUP HOLDINGS Total Current Liabilities account and
Common Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between SEVEN GROUP's Total Current Liabilities and Common Stock is 0.87. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock 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 Current Liabilities and Common Stock 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 SEVEN GROUP HOLDINGS are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Current Liabilities i.e., SEVEN GROUP's Total Current Liabilities and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on SEVEN GROUP balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SEVEN GROUP HOLDINGS 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
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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