Stanley Other Assets vs Short Term Investments Analysis
0L9E Stock | 89.79 0.27 0.30% |
Stanley Black financial indicator trend analysis is much more than just breaking down Stanley Black Decker prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stanley Black Decker is a good investment. Please check the relationship between Stanley Black Other Assets and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Stanley Black Decker. 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.
Other Assets vs Short Term Investments
Other Assets vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stanley Black Decker Other Assets account and Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Stanley Black's Other Assets and Short Term Investments is -0.86. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Stanley Black Decker, assuming nothing else is changed. The correlation between historical values of Stanley Black's Other Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Stanley Black Decker are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Other Assets i.e., Stanley Black's Other Assets and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.86 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Other Assets
Short Term Investments
Short Term Investments is an item under the current assets section of Stanley Black balance sheet. It contains any investments Stanley Black Decker undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Stanley Black Decker can easily liquidate in the marketplace.Most indicators from Stanley Black's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stanley Black Decker 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 Stanley Black Decker. 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 gain to about 2.9 B in 2024. Tax Provision is likely to gain to about 262 M in 2024
2016 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.3B | 4.1B | 4.1B | 4.8B | Total Revenue | 11.4B | 16.9B | 15.8B | 14.3B |
Stanley Black fundamental ratios Correlations
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Stanley Black Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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