TRENT Stock | | | 6,795 52.20 0.77% |
Trent financial indicator trend analysis is much more than just breaking down Trent Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trent Limited is a good investment. Please check the relationship between Trent Total Operating Expenses and its Minority Interest accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Trent Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Total Operating Expenses vs Minority Interest
Total Operating Expenses vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Trent Limited Total Operating Expenses account and
Minority Interest. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Trent's Total Operating Expenses and Minority Interest is 0.52. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Trent Limited, assuming nothing else is changed. The correlation between historical values of Trent's Total Operating Expenses and Minority Interest 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 Operating Expenses of Trent Limited are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Total Operating Expenses i.e., Trent's Total Operating Expenses and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Trent Limited whose combined shares represent less than 50% of the total outstanding shares issued by Trent have a minority interest in Trent.
Most indicators from Trent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trent Limited 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 Trent Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Trent's
Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024,
Discontinued Operations is likely to grow to about 317.5
M, while
Issuance Of Capital Stock is likely to drop about 339.4
M.
Trent fundamental ratios Correlations
Click cells to compare fundamentals
Trent Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trent fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Trent Stock
Balance Sheet is a snapshot of the
financial position of Trent Limited at a specified time, usually calculated after every quarter, six months, or one year. Trent Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Trent and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Trent currently owns. An asset can also be divided into two categories, current and non-current.