BBOX Stock | | | 569.05 19.90 3.38% |
Black Box financial indicator trend analysis is way more than just evaluating Black Box Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Black Box Limited is a good investment. Please check the relationship between Black Box Inventory and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Black Box 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 board of governors.
Inventory vs Non Currrent Assets Other
Inventory vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Black Box Limited Inventory account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Black Box's Inventory and Non Currrent Assets Other is 0.76. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Black Box Limited, assuming nothing else is changed. The correlation between historical values of Black Box's Inventory 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 Inventory of Black Box 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 Inventory i.e., Black Box's Inventory and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Inventory
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 Black Box's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Black Box 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 Black Box 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 board of governors.
Selling General Administrative is likely to drop to about 908.4
M in 2024.
Tax Provision is likely to drop to about 114.8
M in 2024
Black Box fundamental ratios Correlations
Click cells to compare fundamentals
Black Box Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Black Box fundamental ratios Accounts
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measure Black Box's 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 Black Box is operating at the current time. Most of Black Box's value examination focuses on studying past and present price action to
predict the probability of Black Box's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Box's price. Additionally, you may evaluate how the addition of Black Box to your portfolios can decrease your overall portfolio volatility.