| 0FQ8 Stock | | | 0.04 0.0002 0.49% |
Pharol SGPS financial indicator trend analysis is much more than just breaking down Pharol SGPS SA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pharol SGPS SA is a good investment. Please check the relationship between Pharol SGPS Cash And Short Term Investments and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Pharol SGPS SA. 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.
Cash And Short Term Investments vs Non Current Liabilities Total
Cash And Short Term Investments vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pharol SGPS SA Cash And Short Term Investments account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Pharol SGPS's Cash And Short Term Investments and Non Current Liabilities Total is 0.93. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Pharol SGPS SA, assuming nothing else is changed. The correlation between historical values of Pharol SGPS's Cash And Short Term Investments and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Pharol SGPS SA are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash And Short Term Investments i.e., Pharol SGPS's Cash And Short Term Investments and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Pharol SGPS SA balance sheet. This account contains Pharol SGPS investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Pharol SGPS SA fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Non Current Liabilities Total
Most indicators from Pharol SGPS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pharol SGPS SA 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Pharol SGPS SA. 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.
Tax Provision is likely to gain to about 51
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 705.4
K in 2024.
Pharol SGPS fundamental ratios Correlations
Click cells to compare fundamentals
Pharol SGPS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pharol SGPS fundamental ratios Accounts
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Additional Tools for Pharol Stock Analysis
When running Pharol SGPS's price analysis, check to
measure Pharol SGPS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pharol SGPS is operating at the current time. Most of Pharol SGPS's value examination focuses on studying past and present price action to
predict the probability of Pharol SGPS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pharol SGPS's price. Additionally, you may evaluate how the addition of Pharol SGPS to your portfolios can decrease your overall portfolio volatility.