ATG Stock | | | 440.50 4.50 1.01% |
Auction Technology financial indicator trend analysis is way more than just evaluating Auction Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Auction Technology is a good investment. Please check the relationship between Auction Technology Intangible Assets and its Property Plant Equipment accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Auction Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Intangible Assets vs Property Plant Equipment
Intangible Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Auction Technology Intangible Assets account and
Property Plant Equipment. At this time, the significance of the direction appears to have strong relationship.
The correlation between Auction Technology's Intangible Assets and Property Plant Equipment is 0.74. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Auction Technology Group, assuming nothing else is changed. The correlation between historical values of Auction Technology's Intangible Assets and Property Plant Equipment 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 Auction Technology Group are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Intangible Assets i.e., Auction Technology's Intangible Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Property Plant Equipment
Most indicators from Auction Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Auction Technology 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 Auction Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 84.2
M, whereas
Discontinued Operations is forecasted to decline to about 242.9
K.
Auction Technology fundamental ratios Correlations
Click cells to compare fundamentals
Auction Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Auction Technology fundamental ratios Accounts
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Other Information on Investing in Auction Stock
Balance Sheet is a snapshot of the
financial position of Auction Technology at a specified time, usually calculated after every quarter, six months, or one year. Auction Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Auction Technology 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 Auction currently owns. An asset can also be divided into two categories, current and non-current.