| 0R9C Stock | | | 33.82 0.43 1.29% |
Cellnex Telecom financial indicator trend analysis is way more than just evaluating Cellnex Telecom SA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cellnex Telecom SA is a good investment. Please check the relationship between Cellnex Telecom Treasury Stock and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cellnex Telecom 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.
Treasury Stock vs Cash
Treasury Stock vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cellnex Telecom SA Treasury Stock account and
Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Cellnex Telecom's Treasury Stock and Cash is -0.91. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Cash in the same time period over historical financial statements of Cellnex Telecom SA, assuming nothing else is changed. The correlation between historical values of Cellnex Telecom's Treasury Stock and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Treasury Stock of Cellnex Telecom SA are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Treasury Stock i.e., Cellnex Telecom's Treasury Stock and Cash go up and down completely randomly.
Correlation Coefficient | -0.91 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Treasury Stock
Cash
Cash refers to the most liquid asset of Cellnex Telecom SA, which is listed under current asset account on Cellnex Telecom SA balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Cellnex Telecom customers. The amounts must be unrestricted with restricted cash listed in a different Cellnex Telecom account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Cellnex Telecom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cellnex Telecom 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 Cellnex Telecom 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 (41.7
M) in 2024.
Selling General Administrative is likely to drop to about 163.4
M in 2024
Cellnex Telecom fundamental ratios Correlations
Click cells to compare fundamentals
Cellnex Telecom Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cellnex Telecom 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 Cellnex Stock Analysis
When running Cellnex Telecom's price analysis, check to
measure Cellnex Telecom'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 Cellnex Telecom is operating at the current time. Most of Cellnex Telecom's value examination focuses on studying past and present price action to
predict the probability of Cellnex Telecom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cellnex Telecom's price. Additionally, you may evaluate how the addition of Cellnex Telecom to your portfolios can decrease your overall portfolio volatility.