ABMINTLLTD | | | 65.84 3.47 5.01% |
ABM International financial indicator trend analysis is way more than just evaluating ABM International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ABM International is a good investment. Please check the relationship between ABM International Inventory and its Total Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ABM International Limited. 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.
Inventory vs Total Liab
Inventory vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ABM International Inventory account and
Total Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ABM International's Inventory and Total Liab is -0.24. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Liab in the same time period over historical financial statements of ABM International Limited, assuming nothing else is changed. The correlation between historical values of ABM International's Inventory and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of ABM International Limited are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Inventory i.e., ABM International's Inventory and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Inventory
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from ABM International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ABM International 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 ABM International Limited. 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 expected to rise to about 3
M this year, although the value of
Tax Provision is projected to rise to (11.1
M).
ABM International fundamental ratios Correlations
Click cells to compare fundamentals
ABM International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ABM International 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 ABM Stock
Balance Sheet is a snapshot of the
financial position of ABM International at a specified time, usually calculated after every quarter, six months, or one year. ABM International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ABM International 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 ABM currently owns. An asset can also be divided into two categories, current and non-current.