| 0MHQ Stock | | | 24.50 0.20 0.81% |
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 Total Cash From Operating Activities and its Total Assets 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.
Total Cash From Operating Activities vs Total Assets
Total Cash From Operating Activities vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Magnora ASA Total Cash From Operating Activities account and
Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Magnora ASA's Total Cash From Operating Activities and Total Assets is -0.79. Overlapping area represents the amount of variation of Total Cash From Operating Activities that can explain the historical movement of Total Assets 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 Total Cash From Operating Activities 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 Total Cash From Operating Activities of Magnora ASA 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 Total Cash From Operating Activities i.e., Magnora ASA's Total Cash From Operating Activities and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.79 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Cash From Operating Activities
Total Assets
Total assets refers to the total amount of Magnora ASA 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 Magnora ASA 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 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
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.
Additional Tools for Magnora Stock Analysis
When running Magnora ASA's price analysis, check to
measure Magnora ASA'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 Magnora ASA is operating at the current time. Most of Magnora ASA's value examination focuses on studying past and present price action to
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.