0QW0 Stock | | | 605.60 8.60 1.44% |
Argen X financial indicator trend analysis is way more than just evaluating Argen X prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argen X is a good investment. Please check the relationship between Argen X Retained Earnings and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Argen X. 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.
Retained Earnings vs Intangible Assets
Retained Earnings vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Argen X Retained Earnings account and
Intangible Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Argen X's Retained Earnings and Intangible Assets is -0.82. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Argen X, assuming nothing else is changed. The correlation between historical values of Argen X's Retained Earnings and Intangible 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 Retained Earnings of Argen X are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Retained Earnings i.e., Argen X's Retained Earnings and Intangible Assets go up and down completely randomly.
Correlation Coefficient | -0.82 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Argen X's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argen X 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 Argen X. 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 532.8
M in 2024, whereas
Tax Provision is likely to drop slightly above 2.8
M in 2024.
Argen X fundamental ratios Correlations
Click cells to compare fundamentals
Argen X Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Argen X fundamental ratios Accounts
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Additional Tools for Argen Stock Analysis
When running Argen X's price analysis, check to
measure Argen X'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 Argen X is operating at the current time. Most of Argen X's value examination focuses on studying past and present price action to
predict the probability of Argen X's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argen X's price. Additionally, you may evaluate how the addition of Argen X to your portfolios can decrease your overall portfolio volatility.