600683 Stock | | | 4.62 0.11 2.44% |
Metro Investment financial indicator trend analysis is infinitely more than just investigating Metro Investment Dev recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Metro Investment Dev is a good investment. Please check the relationship between Metro Investment Property Plant Equipment and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Metro Investment Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Metro Investment Dev Property Plant Equipment account and
Selling General Administrative. At this time, the significance of the direction appears to have very week relationship.
The correlation between Metro Investment's Property Plant Equipment and Selling General Administrative is 0.21. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Metro Investment Development, assuming nothing else is changed. The correlation between historical values of Metro Investment's Property Plant Equipment and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Metro Investment Development are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Property Plant Equipment i.e., Metro Investment's Property Plant Equipment and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Most indicators from Metro Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Metro Investment Dev 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 Metro Investment Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of November 29, 2024, Selling General Administrative is expected to decline to about 241
M. The current year's
Tax Provision is expected to grow to about (88.6
M)
Balance Sheet is a snapshot of the
financial position of Metro Investment Dev at a specified time, usually calculated after every quarter, six months, or one year. Metro Investment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Metro Investment 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 Metro currently owns. An asset can also be divided into two categories, current and non-current.