The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
3onedata Selling General Administrative account and
Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between 3onedata's Selling General Administrative and Net Receivables is 0.98. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Net Receivables in the same time period over historical financial statements of 3onedata Co Ltd, assuming nothing else is changed. The correlation between historical values of 3onedata's Selling General Administrative and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of 3onedata Co Ltd are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Selling General Administrative i.e., 3onedata's Selling General Administrative and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Most indicators from 3onedata's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 3onedata 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 3onedata Co Ltd. 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.
The current year's
Tax Provision is expected to grow to about 16.7
M, whereas Selling General Administrative is forecasted to decline to about 48.7
M.
Balance Sheet is a snapshot of the
financial position of 3onedata at a specified time, usually calculated after every quarter, six months, or one year. 3onedata Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 3onedata 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 3onedata currently owns. An asset can also be divided into two categories, current and non-current.