Allcargo Good Will vs Other Assets Analysis
ATL Stock | 39.49 0.14 0.36% |
Allcargo Terminals financial indicator trend analysis is way more than just evaluating Allcargo Terminals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allcargo Terminals is a good investment. Please check the relationship between Allcargo Terminals Good Will and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allcargo Terminals. 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.
Good Will vs Other Assets
Good Will vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allcargo Terminals Good Will account and Other Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Allcargo Terminals' Good Will and Other Assets is 1.0. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Assets in the same time period over historical financial statements of Allcargo Terminals, assuming nothing else is changed. The correlation between historical values of Allcargo Terminals' Good Will and Other 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 Good Will of Allcargo Terminals are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Good Will i.e., Allcargo Terminals' Good Will and Other Assets go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Other Assets
Most indicators from Allcargo Terminals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allcargo Terminals 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 Allcargo Terminals. 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. The current year's Selling General Administrative is expected to grow to about 132.9 M
2010 | 2022 | 2023 | 2024 (projected) | Gross Profit | 128.8M | 1.5B | 1.2B | 1.0B | Total Revenue | 1.3B | 7.1B | 7.3B | 5.7B |
Allcargo Terminals fundamental ratios Correlations
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Allcargo Terminals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Allcargo Stock
Balance Sheet is a snapshot of the financial position of Allcargo Terminals at a specified time, usually calculated after every quarter, six months, or one year. Allcargo Terminals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Allcargo Terminals 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 Allcargo currently owns. An asset can also be divided into two categories, current and non-current.