CICT Total Stockholder Equity vs Common Stock Shares Outstanding Analysis

688387 Stock   6.07  0.05  0.82%   
CICT Mobile financial indicator trend analysis is way more than just evaluating CICT Mobile Communication prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CICT Mobile Communication is a good investment. Please check the relationship between CICT Mobile Total Stockholder Equity and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CICT Mobile Communication. 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.

Total Stockholder Equity vs Common Stock Shares Outstanding

Total Stockholder Equity vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CICT Mobile Communication Total Stockholder Equity account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CICT Mobile's Total Stockholder Equity and Common Stock Shares Outstanding is 0.91. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of CICT Mobile Communication, assuming nothing else is changed. The correlation between historical values of CICT Mobile's Total Stockholder Equity and Common Stock Shares Outstanding 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 CICT Mobile Communication are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Stockholder Equity i.e., CICT Mobile's Total Stockholder Equity and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery 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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from CICT Mobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CICT Mobile Communication 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 CICT Mobile Communication. 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 438.6 M, whereas Tax Provision is forecasted to decline to about 7.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense122.4M61.6M56.9M81.7M
Interest Income22.2M27.2M49.2M32.4M

CICT Mobile fundamental ratios Correlations

-0.64-0.320.73-0.580.770.82-0.8-0.340.93-0.6-0.35-0.76-0.69-0.280.75-0.62-0.480.78-0.590.880.57-0.63-0.64-0.56-0.56
-0.640.87-0.750.97-0.95-0.930.950.82-0.620.670.840.910.930.72-0.951.00.94-0.711.0-0.85-0.841.00.940.890.97
-0.320.87-0.550.81-0.75-0.70.770.98-0.460.330.930.610.660.92-0.730.870.9-0.470.87-0.67-0.660.870.710.870.83
0.73-0.75-0.55-0.820.90.92-0.89-0.480.71-0.29-0.76-0.84-0.65-0.640.9-0.74-0.480.99-0.750.920.94-0.74-0.82-0.89-0.82
-0.580.970.81-0.82-0.96-0.940.930.72-0.520.610.860.940.910.7-0.970.980.85-0.780.99-0.82-0.930.970.980.91.0
0.77-0.95-0.750.9-0.961.0-0.99-0.690.72-0.61-0.82-0.96-0.9-0.681.0-0.95-0.790.89-0.950.940.93-0.95-0.96-0.92-0.96
0.82-0.93-0.70.92-0.941.0-0.99-0.640.76-0.61-0.77-0.96-0.89-0.640.99-0.92-0.750.91-0.920.960.92-0.92-0.94-0.89-0.93
-0.80.950.77-0.890.93-0.99-0.990.73-0.790.590.820.930.880.71-0.980.940.81-0.870.94-0.97-0.890.950.920.920.93
-0.340.820.98-0.480.72-0.69-0.640.73-0.520.290.870.520.60.91-0.650.810.87-0.40.8-0.65-0.540.820.610.810.74
0.93-0.62-0.460.71-0.520.720.76-0.79-0.52-0.37-0.48-0.61-0.55-0.490.68-0.59-0.490.74-0.560.90.52-0.61-0.52-0.64-0.52
-0.60.670.33-0.290.61-0.61-0.610.590.29-0.370.170.750.880.0-0.620.680.71-0.320.66-0.47-0.40.680.70.280.6
-0.350.840.93-0.760.86-0.82-0.770.820.87-0.480.170.670.610.96-0.80.840.74-0.690.86-0.74-0.840.840.760.970.87
-0.760.910.61-0.840.94-0.96-0.960.930.52-0.610.750.670.950.47-0.980.910.75-0.840.91-0.86-0.90.910.980.790.93
-0.690.930.66-0.650.91-0.9-0.890.880.6-0.550.880.610.950.43-0.910.940.88-0.640.93-0.76-0.760.940.950.70.9
-0.280.720.92-0.640.7-0.68-0.640.710.91-0.490.00.960.470.43-0.650.720.66-0.560.72-0.67-0.670.720.570.90.72
0.75-0.95-0.730.9-0.971.00.99-0.98-0.650.68-0.62-0.8-0.98-0.91-0.65-0.95-0.780.88-0.950.920.94-0.95-0.97-0.9-0.97
-0.621.00.87-0.740.98-0.95-0.920.940.81-0.590.680.840.910.940.72-0.950.94-0.71.0-0.83-0.841.00.950.880.98
-0.480.940.9-0.480.85-0.79-0.750.810.87-0.490.710.740.750.880.66-0.780.94-0.430.93-0.67-0.610.940.810.730.86
0.78-0.71-0.470.99-0.780.890.91-0.87-0.40.74-0.32-0.69-0.84-0.64-0.560.88-0.7-0.43-0.710.920.91-0.7-0.8-0.84-0.77
-0.591.00.87-0.750.99-0.95-0.920.940.8-0.560.660.860.910.930.72-0.951.00.93-0.71-0.82-0.861.00.960.890.99
0.88-0.85-0.670.92-0.820.940.96-0.97-0.650.9-0.47-0.74-0.86-0.76-0.670.92-0.83-0.670.92-0.820.83-0.84-0.82-0.88-0.82
0.57-0.84-0.660.94-0.930.930.92-0.89-0.540.52-0.4-0.84-0.9-0.76-0.670.94-0.84-0.610.91-0.860.83-0.84-0.93-0.91-0.93
-0.631.00.87-0.740.97-0.95-0.920.950.82-0.610.680.840.910.940.72-0.951.00.94-0.71.0-0.84-0.840.940.880.97
-0.640.940.71-0.820.98-0.96-0.940.920.61-0.520.70.760.980.950.57-0.970.950.81-0.80.96-0.82-0.930.940.840.98
-0.560.890.87-0.890.9-0.92-0.890.920.81-0.640.280.970.790.70.9-0.90.880.73-0.840.89-0.88-0.910.880.840.91
-0.560.970.83-0.821.0-0.96-0.930.930.74-0.520.60.870.930.90.72-0.970.980.86-0.770.99-0.82-0.930.970.980.91
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CICT Mobile Account Relationship Matchups

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Other Information on Investing in CICT Stock

Balance Sheet is a snapshot of the financial position of CICT Mobile Communication at a specified time, usually calculated after every quarter, six months, or one year. CICT Mobile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CICT Mobile 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 CICT currently owns. An asset can also be divided into two categories, current and non-current.