| ACE Stock | | | 1,146 46.95 3.94% |
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 Short Term Investments and its Property Plant And Equipment Net 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.
Short Term Investments vs Property Plant And Equipment Net
Short Term Investments vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Action Construction Short Term Investments account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Action Construction's Short Term Investments and Property Plant And Equipment Net is 0.88. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Property Plant And Equipment Net 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 Short Term Investments and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Action Construction Equipment are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Short Term Investments i.e., Action Construction's Short Term Investments and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of Action Construction balance sheet. It contains any investments Action Construction Equipment undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Action Construction can easily liquidate in the marketplace.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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 1.3
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.