| BGEO Stock | | | 4,635 75.00 1.64% |
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 Total Current Assets and its Cash 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.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Georgia Total Current Assets account and
Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Bank of Georgia's Total Current Assets and Cash is 0.87. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash 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 Total Current Assets and Cash 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 Bank of Georgia are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., Bank of Georgia's Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
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.
Cash
Cash refers to the most liquid asset of Bank of Georgia, which is listed under current asset account on Bank of Georgia balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Bank of Georgia customers. The amounts must be unrestricted with restricted cash listed in a different Bank of Georgia account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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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Additional Tools for Bank Stock Analysis
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measure Bank of Georgia'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 Bank of Georgia is operating at the current time. Most of Bank of Georgia's value examination focuses on studying past and present price action to
predict the probability of Bank of Georgia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Georgia's price. Additionally, you may evaluate how the addition of Bank of Georgia to your portfolios can decrease your overall portfolio volatility.