ASK Intangible Assets vs Short Term Investments Analysis

ASKAUTOLTD   450.35  0.85  0.19%   
ASK AUTOMOTIVE financial indicator trend analysis is way more than just evaluating ASK AUTOMOTIVE prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ASK AUTOMOTIVE is a good investment. Please check the relationship between ASK AUTOMOTIVE Intangible Assets and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASK AUTOMOTIVE LIMITED. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Intangible Assets vs Short Term Investments

Intangible Assets vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ASK AUTOMOTIVE Intangible Assets account and Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between ASK AUTOMOTIVE's Intangible Assets and Short Term Investments is -0.95. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of ASK AUTOMOTIVE LIMITED, assuming nothing else is changed. The correlation between historical values of ASK AUTOMOTIVE's Intangible Assets 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 Intangible Assets of ASK AUTOMOTIVE LIMITED are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Intangible Assets i.e., ASK AUTOMOTIVE's Intangible Assets and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.95
Relationship DirectionNegative 
Relationship StrengthSignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Short Term Investments

Short Term Investments is an item under the current assets section of ASK AUTOMOTIVE balance sheet. It contains any investments ASK AUTOMOTIVE LIMITED undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that ASK AUTOMOTIVE can easily liquidate in the marketplace.
Most indicators from ASK AUTOMOTIVE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ASK AUTOMOTIVE 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 ASK AUTOMOTIVE LIMITED. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
As of the 29th of November 2024, Tax Provision is likely to drop to about 417.6 M. In addition to that, Selling General Administrative is likely to drop to about 119.3 M
 2021 2022 2023 2024 (projected)
Total Revenue20.1B25.5B29.9B23.6B
Depreciation And Amortization559.1M607.1M689.9M621.9M

ASK AUTOMOTIVE fundamental ratios Correlations

0.910.930.990.970.99-0.690.880.970.960.380.99-0.22-0.40.890.36-0.770.770.940.990.19-0.490.980.980.48-0.91
0.910.990.920.770.93-0.411.00.780.770.040.92-0.17-0.520.70.23-0.580.720.990.890.32-0.480.970.840.78-0.79
0.930.990.960.810.95-0.520.990.820.820.060.94-0.27-0.590.780.28-0.630.80.980.930.23-0.520.980.890.75-0.86
0.990.920.960.940.98-0.710.90.930.950.280.97-0.33-0.510.910.33-0.730.840.930.990.11-0.520.990.980.55-0.94
0.970.770.810.940.94-0.780.731.00.990.570.94-0.22-0.250.910.41-0.830.720.820.960.12-0.470.90.970.25-0.89
0.990.930.950.980.94-0.610.910.950.940.311.0-0.15-0.40.840.32-0.740.730.960.970.26-0.450.990.950.51-0.87
-0.69-0.41-0.52-0.71-0.78-0.61-0.38-0.73-0.82-0.57-0.590.70.35-0.94-0.330.59-0.83-0.42-0.770.460.45-0.59-0.83-0.060.87
0.881.00.990.90.730.91-0.380.750.73-0.020.9-0.17-0.550.670.22-0.560.710.980.860.33-0.470.950.810.81-0.77
0.970.780.820.931.00.95-0.730.750.980.560.96-0.13-0.220.870.41-0.830.670.840.950.19-0.460.910.950.26-0.86
0.960.770.820.950.990.94-0.820.730.980.50.93-0.3-0.350.940.34-0.770.770.810.960.01-0.420.90.980.26-0.92
0.380.040.060.280.570.31-0.57-0.020.560.50.33-0.030.550.430.19-0.460.140.140.4-0.1-0.10.220.44-0.44-0.32
0.990.920.940.970.941.0-0.590.90.960.930.33-0.1-0.360.810.35-0.770.690.960.960.31-0.460.980.940.5-0.85
-0.22-0.17-0.27-0.33-0.22-0.150.7-0.17-0.13-0.3-0.03-0.10.59-0.59-0.10.08-0.78-0.07-0.360.730.4-0.22-0.41-0.310.6
-0.4-0.52-0.59-0.51-0.25-0.40.35-0.55-0.22-0.350.55-0.360.59-0.51-0.210.21-0.72-0.42-0.430.180.45-0.48-0.43-0.680.59
0.890.70.780.910.910.84-0.940.670.870.940.430.81-0.59-0.510.34-0.690.920.70.93-0.24-0.510.830.960.33-0.98
0.360.230.280.330.410.32-0.330.220.410.340.190.35-0.1-0.210.34-0.840.290.250.360.43-0.90.30.350.17-0.41
-0.77-0.58-0.63-0.73-0.83-0.740.59-0.56-0.83-0.77-0.46-0.770.080.21-0.69-0.84-0.52-0.64-0.75-0.410.78-0.7-0.75-0.220.72
0.770.720.80.840.720.73-0.830.710.670.770.140.69-0.78-0.720.920.29-0.520.660.85-0.31-0.590.780.860.59-0.95
0.940.990.980.930.820.96-0.420.980.840.810.140.96-0.07-0.420.70.25-0.640.660.90.38-0.440.980.860.68-0.77
0.990.890.930.990.960.97-0.770.860.950.960.40.96-0.36-0.430.930.36-0.750.850.90.08-0.540.970.990.49-0.95
0.190.320.230.110.120.260.460.330.190.01-0.10.310.730.18-0.240.43-0.41-0.310.380.08-0.290.23-0.010.260.13
-0.49-0.48-0.52-0.52-0.47-0.450.45-0.47-0.46-0.42-0.1-0.460.40.45-0.51-0.90.78-0.59-0.44-0.54-0.29-0.49-0.52-0.520.62
0.980.970.980.990.90.99-0.590.950.910.90.220.98-0.22-0.480.830.3-0.70.780.980.970.23-0.490.940.62-0.88
0.980.840.890.980.970.95-0.830.810.950.980.440.94-0.41-0.430.960.35-0.750.860.860.99-0.01-0.520.940.43-0.97
0.480.780.750.550.250.51-0.060.810.260.26-0.440.5-0.31-0.680.330.17-0.220.590.680.490.26-0.520.620.43-0.49
-0.91-0.79-0.86-0.94-0.89-0.870.87-0.77-0.86-0.92-0.32-0.850.60.59-0.98-0.410.72-0.95-0.77-0.950.130.62-0.88-0.97-0.49
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ASK AUTOMOTIVE Account Relationship Matchups

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Other Information on Investing in ASK Stock

Balance Sheet is a snapshot of the financial position of ASK AUTOMOTIVE at a specified time, usually calculated after every quarter, six months, or one year. ASK AUTOMOTIVE Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ASK AUTOMOTIVE 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 ASK currently owns. An asset can also be divided into two categories, current and non-current.