| 0MHQ Stock | | | 23.85 0.90 3.64% |
Magnora ASA financial indicator trend analysis is infinitely more than just investigating Magnora ASA recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magnora ASA is a good investment. Please check the relationship between Magnora ASA Short Term Investments and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Magnora ASA. 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.
Short Term Investments vs Total Current Liabilities
Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Magnora ASA Short Term Investments account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Magnora ASA's Short Term Investments and Total Current Liabilities is 0.31. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Magnora ASA, assuming nothing else is changed. The correlation between historical values of Magnora ASA's Short Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Magnora ASA are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Term Investments i.e., Magnora ASA's Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Magnora ASA balance sheet. It contains any investments Magnora ASA undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Magnora ASA can easily liquidate in the marketplace.
Total Current Liabilities
Total Current Liabilities is an item on Magnora ASA balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Magnora ASA 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.
Most indicators from Magnora ASA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magnora ASA 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 Magnora ASA. 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 6.8
M in 2024.
Discontinued Operations is likely to gain to about 375.2
M in 2024
Magnora ASA fundamental ratios Correlations
Click cells to compare fundamentals
Magnora ASA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Magnora ASA fundamental ratios Accounts
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Additional Tools for Magnora Stock Analysis
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predict the probability of Magnora ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnora ASA's price. Additionally, you may evaluate how the addition of Magnora ASA to your portfolios can decrease your overall portfolio volatility.