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 Total Current Assets and its Common Stock 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.
Total Current Assets vs Common Stock
Total Current Assets vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Black Box Limited Total Current Assets account and
Common Stock. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Black Box's Total Current Assets and Common Stock is 0.14. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock 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 Total Current Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Black Box Limited are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Current Assets i.e., Black Box's Total Current Assets and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Common Stock
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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Additional Tools for Black Stock Analysis
When running Black Box's price analysis, check to
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.