| BGEO Stock | | | 4,580 55.00 1.19% |
Bank of Georgia financial indicator trend analysis is way more than just evaluating Bank of Georgia prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Georgia is a good investment. Please check the relationship between Bank of Georgia Minority Interest and its Interest Expense accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Georgia. 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.
Minority Interest vs Interest Expense
Minority Interest vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Georgia Minority Interest account and
Interest Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Bank of Georgia's Minority Interest and Interest Expense is -0.24. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Bank of Georgia, assuming nothing else is changed. The correlation between historical values of Bank of Georgia's Minority Interest and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Bank of Georgia are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Minority Interest i.e., Bank of Georgia's Minority Interest and Interest Expense go up and down completely randomly.
Correlation Coefficient | -0.24 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Bank of Georgia whose combined shares represent less than 50% of the total outstanding shares issued by Bank of Georgia have a minority interest in Bank of Georgia.
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Bank of Georgia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Georgia 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 Bank of Georgia. 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.
Tax Provision is likely to gain to about 271.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 84.3
M in 2024.
Bank of Georgia fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Georgia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Georgia fundamental ratios Accounts
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