AZJ Stock | | | 3.40 0.02 0.58% |
Aurizon Holdings financial indicator trend analysis is way more than just evaluating Aurizon Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurizon Holdings is a good investment. Please check the relationship between Aurizon Holdings Inventory and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurizon Holdings. 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.
Inventory vs Total Assets
Inventory vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aurizon Holdings Inventory account and
Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Aurizon Holdings' Inventory and Total Assets is 0.66. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Assets in the same time period over historical financial statements of Aurizon Holdings, assuming nothing else is changed. The correlation between historical values of Aurizon Holdings' Inventory 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 Inventory of Aurizon Holdings 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 Inventory i.e., Aurizon Holdings' Inventory and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Inventory
Total Assets
Total assets refers to the total amount of Aurizon Holdings 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 Aurizon Holdings 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 Aurizon Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurizon Holdings 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 Aurizon Holdings. 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.
At this time, Aurizon Holdings'
Discontinued Operations is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 187.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 987
M in 2024.
Aurizon Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Aurizon Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aurizon Holdings fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Aurizon Stock Analysis
When running Aurizon Holdings' price analysis, check to
measure Aurizon Holdings' 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 Aurizon Holdings is operating at the current time. Most of Aurizon Holdings' value examination focuses on studying past and present price action to
predict the probability of Aurizon Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurizon Holdings' price. Additionally, you may evaluate how the addition of Aurizon Holdings to your portfolios can decrease your overall portfolio volatility.