ATFL Stock | | | 863.25 11.85 1.35% |
Agro Tech financial indicator trend analysis is way more than just evaluating Agro Tech Foods prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agro Tech Foods is a good investment. Please check the relationship between Agro Tech Other Current Assets and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Agro Tech Foods. 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.
Other Current Assets vs Other Stockholder Equity
Other Current Assets vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Agro Tech Foods Other Current Assets account and
Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Agro Tech's Other Current Assets and Other Stockholder Equity is -0.12. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Agro Tech Foods, assuming nothing else is changed. The correlation between historical values of Agro Tech's Other Current Assets and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Agro Tech Foods are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Other Current Assets i.e., Agro Tech's Other Current Assets and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Other Stockholder Equity
Most indicators from Agro Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agro Tech Foods 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 Agro Tech Foods. 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.
Selling General Administrative is likely to gain to about 1.7
B in 2024, whereas
Tax Provision is likely to drop slightly above 37
M in 2024.
Agro Tech fundamental ratios Correlations
Click cells to compare fundamentals
Agro Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Agro Tech fundamental ratios Accounts
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Additional Tools for Agro Stock Analysis
When running Agro Tech's price analysis, check to
measure Agro Tech'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 Agro Tech is operating at the current time. Most of Agro Tech's value examination focuses on studying past and present price action to
predict the probability of Agro Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agro Tech's price. Additionally, you may evaluate how the addition of Agro Tech to your portfolios can decrease your overall portfolio volatility.