BANKA Stock | | | 106.84 3.98 3.87% |
Banka BioLoo financial indicator trend analysis is way more than just evaluating Banka BioLoo Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Banka BioLoo Limited is a good investment. Please check the relationship between Banka BioLoo Non Current Liabilities Total and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Banka BioLoo Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Non Current Liabilities Total vs Non Currrent Assets Other
Non Current Liabilities Total vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Banka BioLoo Limited Non Current Liabilities Total account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have very week relationship.
The correlation between Banka BioLoo's Non Current Liabilities Total and Non Currrent Assets Other is 0.24. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Banka BioLoo Limited, assuming nothing else is changed. The correlation between historical values of Banka BioLoo's Non Current Liabilities Total and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Banka BioLoo Limited are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Non Current Liabilities Total i.e., Banka BioLoo's Non Current Liabilities Total and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Non Current Liabilities Total
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Banka BioLoo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Banka BioLoo Limited 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 Banka BioLoo Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of the 26th of November 2024,
Selling General Administrative is likely to grow to about 64.6
M, while
Tax Provision is likely to drop about 1
M.
Banka BioLoo fundamental ratios Correlations
Click cells to compare fundamentals
Banka BioLoo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Banka BioLoo fundamental ratios Accounts
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Other Information on Investing in Banka Stock
Balance Sheet is a snapshot of the
financial position of Banka BioLoo Limited at a specified time, usually calculated after every quarter, six months, or one year. Banka BioLoo Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Banka BioLoo 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 Banka currently owns. An asset can also be divided into two categories, current and non-current.