BAG Films financial indicator trend analysis is way more than just evaluating BAG Films prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BAG Films is a good investment. Please check the relationship between BAG Films Cash And Short Term Investments and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BAG Films and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Cash And Short Term Investments vs Other Current Assets
Cash And Short Term Investments vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BAG Films Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between BAG Films' Cash And Short Term Investments and Other Current Assets is -0.35. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of BAG Films and, assuming nothing else is changed. The correlation between historical values of BAG Films' Cash And Short Term Investments and Other Current 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 Cash And Short Term Investments of BAG Films and are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., BAG Films' Cash And Short Term Investments and Other Current Assets go up and down completely randomly.
Short Term Investments is an account in the current assets section of BAG Films balance sheet. This account contains BAG Films investments that will expire within one year. These investments include stocks and bonds that can be liquidated by BAG Films and fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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.
Most indicators from BAG Films' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BAG Films 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 BAG Films and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
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.
Balance Sheet is a snapshot of the financial position of BAG Films at a specified time, usually calculated after every quarter, six months, or one year. BAG Films Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of BAG Films 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 BAG currently owns. An asset can also be divided into two categories, current and non-current.