| ACE Stock | | | 1,308 20.45 1.59% |
Action Construction financial indicator trend analysis is way more than just evaluating Action Construction prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Action Construction is a good investment. Please check the relationship between Action Construction Other Current Assets and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Action Construction Equipment. 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.
Other Current Assets vs Cash And Short Term Investments
Other Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Action Construction Other Current Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Action Construction's Other Current Assets and Cash And Short Term Investments is 0.03. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Action Construction Equipment, assuming nothing else is changed. The correlation between historical values of Action Construction's Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Action Construction Equipment are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Action Construction's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.03 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Action Construction balance sheet. This account contains Action Construction investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Action Construction Equipment fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Action Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Action Construction 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 Action Construction Equipment. 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 1.1
B, whereas
Selling General Administrative is forecasted to decline to about 221.3
M.
Action Construction fundamental ratios Correlations
Click cells to compare fundamentals
Action Construction Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Action Construction fundamental ratios Accounts
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Other Information on Investing in Action Stock
Balance Sheet is a snapshot of the
financial position of Action Construction at a specified time, usually calculated after every quarter, six months, or one year. Action Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Action Construction 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 Action currently owns. An asset can also be divided into two categories, current and non-current.