| 0RES Stock | | | 98.75 1.15 1.18% |
Scandinavian Tobacco financial indicator trend analysis is much more than just breaking down Scandinavian Tobacco prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Scandinavian Tobacco is a good investment. Please check the relationship between Scandinavian Tobacco Total Stockholder Equity and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Scandinavian Tobacco Group. 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 Stockholder Equity vs Intangible Assets
Total Stockholder Equity vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Scandinavian Tobacco Total Stockholder Equity account and
Intangible Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Scandinavian Tobacco's Total Stockholder Equity and Intangible Assets is 0.88. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Scandinavian Tobacco Group, assuming nothing else is changed. The correlation between historical values of Scandinavian Tobacco's Total Stockholder Equity 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 Total Stockholder Equity of Scandinavian Tobacco Group 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 Total Stockholder Equity i.e., Scandinavian Tobacco's Total Stockholder Equity and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Scandinavian Tobacco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scandinavian Tobacco 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 Scandinavian Tobacco Group. 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 drop to about 193.4
M in 2024.
Selling General Administrative is likely to drop to about 895.4
M in 2024
Scandinavian Tobacco fundamental ratios Correlations
Click cells to compare fundamentals
Scandinavian Tobacco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Scandinavian Tobacco fundamental ratios Accounts
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Additional Tools for Scandinavian Stock Analysis
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measure Scandinavian Tobacco'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 Scandinavian Tobacco is operating at the current time. Most of Scandinavian Tobacco's value examination focuses on studying past and present price action to
predict the probability of Scandinavian Tobacco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scandinavian Tobacco's price. Additionally, you may evaluate how the addition of Scandinavian Tobacco to your portfolios can decrease your overall portfolio volatility.