| ARRY Stock | | | USD 6.63 0.30 4.74% |
Array Technologies financial indicator trend analysis is way more than just evaluating Array Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Array Technologies is a good investment. Please check the relationship between Array Technologies Retained Earnings and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Array Technologies. 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.
For more information on how to buy Array Stock please use our
How to Invest in Array Technologies guide.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Array Technologies Retained Earnings account and
Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Array Technologies' Retained Earnings and Cash is -0.04. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Array Technologies, assuming nothing else is changed. The correlation between historical values of Array Technologies' Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Array Technologies are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Array Technologies' Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | -0.04 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.
Cash
Cash refers to the most liquid asset of Array Technologies, which is listed under current asset account on Array Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Array Technologies customers. The amounts must be unrestricted with restricted cash listed in a different Array Technologies account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Array Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Array Technologies 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 Array Technologies. 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.
For more information on how to buy Array Stock please use our
How to Invest in Array Technologies guide.At this time, Array Technologies'
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.11 in 2024, whereas
Selling General Administrative is likely to drop slightly above 151.6
M in 2024.
Array Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Array Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Array Technologies fundamental ratios Accounts
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Additional Tools for Array Stock Analysis
When running Array Technologies' price analysis, check to
measure Array Technologies' 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 Array Technologies is operating at the current time. Most of Array Technologies' value examination focuses on studying past and present price action to
predict the probability of Array Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array Technologies' price. Additionally, you may evaluate how the addition of Array Technologies to your portfolios can decrease your overall portfolio volatility.