BF-A Stock | | | USD 41.91 0.88 2.14% |
Brown Forman financial indicator trend analysis is way more than just evaluating Brown Forman prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brown Forman is a good investment. Please check the relationship between Brown Forman Common Stock Shares Outstanding and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Brown Forman. 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.
Common Stock Shares Outstanding vs Non Current Liabilities Total
Common Stock Shares Outstanding vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Brown Forman Common Stock Shares Outstanding account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have pay attention.
The correlation between Brown Forman's Common Stock Shares Outstanding and Non Current Liabilities Total is -0.73. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Brown Forman, assuming nothing else is changed. The correlation between historical values of Brown Forman's Common Stock Shares Outstanding and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Brown Forman are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Common Stock Shares Outstanding i.e., Brown Forman's Common Stock Shares Outstanding and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.73 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Non Current Liabilities Total
Most indicators from Brown Forman's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brown Forman 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 Brown Forman. 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 present, Brown Forman's
Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's
Enterprise Value is expected to grow to about 32
B, whereas
Selling General Administrative is forecasted to decline to about 678.2
M.
Brown Forman fundamental ratios Correlations
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Brown Forman Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brown Forman fundamental ratios Accounts
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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.
Other Information on Investing in Brown Stock
Balance Sheet is a snapshot of the
financial position of Brown Forman at a specified time, usually calculated after every quarter, six months, or one year. Brown Forman Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Brown Forman 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 Brown currently owns. An asset can also be divided into two categories, current and non-current.