SYBT Stock | | | USD 71.69 1.44 1.97% |
Stock Yards financial indicator trend analysis is much more than just breaking down Stock Yards Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stock Yards Bancorp is a good investment. Please check the relationship between Stock Yards Capital Stock and its Total Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Stock Yards Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Capital Stock vs Total Assets
Capital Stock vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Stock Yards Bancorp Capital Stock account and
Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Stock Yards' Capital Stock and Total Assets is 0.89. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Total Assets in the same time period over historical financial statements of Stock Yards Bancorp, assuming nothing else is changed. The correlation between historical values of Stock Yards' Capital Stock and Total Assets 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 Stock of Stock Yards Bancorp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Capital Stock i.e., Stock Yards' Capital Stock and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Total Assets
Total assets refers to the total amount of Stock Yards 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 Stock Yards Bancorp 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.
Most indicators from Stock Yards' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stock Yards Bancorp 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 Stock Yards Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
At this time, Stock Yards'
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 852.2
M in 2024, whereas
Tax Provision is likely to drop slightly above 19.3
M in 2024.
Stock Yards fundamental ratios Correlations
Click cells to compare fundamentals
Stock Yards Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stock Yards fundamental ratios Accounts
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