605060 Stock | | | 16.40 0.32 1.91% |
Allied Machinery financial indicator trend analysis is way more than just evaluating Allied Machinery prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allied Machinery is a good investment. Please check the relationship between Allied Machinery Non Current Liabilities Total and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Allied Machinery Co. 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
Allied Machinery Non Current Liabilities Total account and
Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Allied Machinery's Non Current Liabilities Total and Selling General Administrative is -0.46. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Allied Machinery Co, assuming nothing else is changed. The correlation between historical values of Allied Machinery's Non Current Liabilities Total 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 Non Current Liabilities Total of Allied Machinery Co 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 Non Current Liabilities Total i.e., Allied Machinery's Non Current Liabilities Total and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.46 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Most indicators from Allied Machinery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allied Machinery 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 Allied Machinery Co. 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 current year's Selling General Administrative is expected to grow to about 43.2
M, whereas
Tax Provision is forecasted to decline to about 32.1
M.
Balance Sheet is a snapshot of the
financial position of Allied Machinery at a specified time, usually calculated after every quarter, six months, or one year. Allied Machinery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Allied Machinery 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 Allied currently owns. An asset can also be divided into two categories, current and non-current.