ABDN Stock | | | 139.90 1.85 1.34% |
Abrdn PLC financial indicator trend analysis is way more than just evaluating Abrdn PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abrdn PLC is a good investment. Please check the relationship between Abrdn PLC Total Current Assets and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Abrdn 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 board of governors.
Total Current Assets vs Retained Earnings
Total Current Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Abrdn PLC Total Current Assets account and
Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Abrdn PLC's Total Current Assets and Retained Earnings is -0.09. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Abrdn PLC, assuming nothing else is changed. The correlation between historical values of Abrdn PLC's Total Current Assets and Retained Earnings 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 Assets of Abrdn PLC are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Assets i.e., Abrdn PLC's Total Current Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Abrdn PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abrdn 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 Abrdn 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 board of governors.
Selling General Administrative is likely to drop to about 563.4
M in 2024.
Tax Provision is likely to gain to about (17.1
M) in 2024
Abrdn PLC fundamental ratios Correlations
Click cells to compare fundamentals
Abrdn PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Abrdn PLC fundamental ratios Accounts
Also Currently Popular
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.
Additional Tools for Abrdn Stock Analysis
When running Abrdn PLC's price analysis, check to
measure Abrdn PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abrdn PLC is operating at the current time. Most of Abrdn PLC's value examination focuses on studying past and present price action to
predict the probability of Abrdn PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abrdn PLC's price. Additionally, you may evaluate how the addition of Abrdn PLC to your portfolios can decrease your overall portfolio volatility.