ARTW Stock | | | USD 1.67 0.04 2.34% |
Arts Way financial indicator trend analysis is way more than just evaluating Arts Way Manufacturing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arts Way Manufacturing is a good investment. Please check the relationship between Arts Way Total Liab and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Arts Way Manufacturing Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Total Liab vs Common Stock
Total Liab vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Arts Way Manufacturing Total Liab account and
Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Arts Way's Total Liab and Common Stock is 0.62. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Common Stock in the same time period over historical financial statements of Arts Way Manufacturing Co, assuming nothing else is changed. The correlation between historical values of Arts Way's Total Liab and Common Stock 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 Liab of Arts Way Manufacturing Co are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Liab i.e., Arts Way's Total Liab and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Common Stock
Most indicators from Arts Way's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arts Way Manufacturing 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 Arts Way Manufacturing Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Arts Way's
Tax Provision is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 14.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 3
M in 2024.
Arts Way fundamental ratios Correlations
Click cells to compare fundamentals
Arts Way Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Arts Way fundamental ratios Accounts
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Additional Tools for Arts Stock Analysis
When running Arts Way's price analysis, check to
measure Arts Way's 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 Arts Way is operating at the current time. Most of Arts Way's value examination focuses on studying past and present price action to
predict the probability of Arts Way's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arts Way's price. Additionally, you may evaluate how the addition of Arts Way to your portfolios can decrease your overall portfolio volatility.