AAL Stock | | | 2,359 9.00 0.38% |
Anglo American financial indicator trend analysis is way more than just evaluating Anglo American PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anglo American PLC is a good investment. Please check the relationship between Anglo American Total Current Liabilities and its Common Stock Total Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Anglo American PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Total Current Liabilities vs Common Stock Total Equity
Total Current Liabilities vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Anglo American PLC Total Current Liabilities account and
Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Anglo American's Total Current Liabilities and Common Stock Total Equity is 0.61. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Anglo American PLC, assuming nothing else is changed. The correlation between historical values of Anglo American's Total Current Liabilities and Common Stock Total Equity 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 Anglo American PLC are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Total Current Liabilities i.e., Anglo American's Total Current Liabilities and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Anglo American balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Anglo American PLC 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.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Anglo American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anglo American PLC 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 Anglo American PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 3.2
B. The current year's
Tax Provision is expected to grow to about 2.7
BAnglo American fundamental ratios Correlations
Click cells to compare fundamentals
Anglo American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anglo American 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 Anglo Stock
Balance Sheet is a snapshot of the
financial position of Anglo American PLC at a specified time, usually calculated after every quarter, six months, or one year. Anglo American Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anglo American 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 Anglo currently owns. An asset can also be divided into two categories, current and non-current.