| 21STCENMGM | | | 95.50 1.95 2.00% |
21st Century financial indicator trend analysis is way more than just evaluating 21st Century Management prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 21st Century Management is a good investment. Please check the relationship between 21st Century Total Current Liabilities and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in 21st Century Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Total Current Liabilities vs Total Current Assets
Total Current Liabilities vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
21st Century Management Total Current Liabilities account and
Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between 21st Century's Total Current Liabilities and Total Current Assets is 0.6. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of 21st Century Management, assuming nothing else is changed. The correlation between historical values of 21st Century's Total Current Liabilities and Total Current 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 Current Liabilities of 21st Century Management are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Current Liabilities i.e., 21st Century's Total Current Liabilities and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on 21st Century balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of 21st Century Management 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.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from 21st Century's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 21st Century Management 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 21st Century Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
As of the 29th of November 2024,
Selling General Administrative is likely to drop to about 2.5
M. In addition to that,
Tax Provision is likely to drop to about 6.2
M21st Century fundamental ratios Correlations
Click cells to compare fundamentals
21st Century Account Relationship Matchups
High Positive Relationship
High Negative Relationship
21st Century fundamental ratios Accounts
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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.
Other Information on Investing in 21st Stock
Balance Sheet is a snapshot of the
financial position of 21st Century Management at a specified time, usually calculated after every quarter, six months, or one year. 21st Century Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 21st Century and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which 21st currently owns. An asset can also be divided into two categories, current and non-current.