ATFL Stock | | | 852.80 10.45 1.21% |
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 Selling General Administrative and its Total Assets 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.
Selling General Administrative vs Total Assets
Selling General Administrative vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Agro Tech Foods Selling General Administrative account and
Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Agro Tech's Selling General Administrative and Total Assets is -0.18. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Assets 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 Selling General Administrative 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 Selling General Administrative of Agro Tech Foods 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 Selling General Administrative i.e., Agro Tech's Selling General Administrative and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Selling General Administrative
Total Assets
Total assets refers to the total amount of Agro Tech 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 Agro Tech Foods 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 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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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.