| AIRT Stock | | | USD 18.32 1.03 5.96% |
Air T financial indicator trend analysis is way more than just evaluating Air T Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air T Inc is a good investment. Please check the relationship between Air T Total Stockholder Equity and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Air T Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Total Stockholder Equity vs Total Assets
Total Stockholder Equity vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Air T Inc Total Stockholder Equity account and
Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Air T's Total Stockholder Equity and Total Assets is -0.45. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Air T Inc, assuming nothing else is changed. The correlation between historical values of Air T's Total Stockholder Equity and Total Assets 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 Stockholder Equity of Air T Inc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Stockholder Equity i.e., Air T's Total Stockholder Equity and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.45 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Total Assets
Total assets refers to the total amount of Air T assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Air T Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Air T's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air T Inc 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 Air T Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Air T's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 765.5
K in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.10 in 2024.
Air T fundamental ratios Correlations
Click cells to compare fundamentals
Air T Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Air T fundamental ratios Accounts
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Additional Tools for Air Stock Analysis
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