BIRG Stock | | | 8.28 0.04 0.48% |
Bank of Ireland financial indicator trend analysis is way more than just evaluating Bank of Ireland prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Ireland is a good investment. Please check the relationship between Bank of Ireland Net Debt and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Ireland. 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.
Net Debt vs Intangible Assets
Net Debt vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Ireland Net Debt account and
Intangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Bank of Ireland's Net Debt and Intangible Assets is -0.62. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Bank of Ireland, assuming nothing else is changed. The correlation between historical values of Bank of Ireland's Net Debt and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Bank of Ireland are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Debt i.e., Bank of Ireland's Net Debt and Intangible Assets go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Bank of Ireland's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Ireland 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 Ireland. 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 gain to about 766.1
M in 2024, whereas
Tax Provision is likely to drop slightly above 187.7
M in 2024.
Bank of Ireland fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Ireland Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Ireland fundamental ratios Accounts
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Additional Tools for Bank Stock Analysis
When running Bank of Ireland's price analysis, check to
measure Bank of Ireland'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 Ireland is operating at the current time. Most of Bank of Ireland's value examination focuses on studying past and present price action to
predict the probability of Bank of Ireland'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 Ireland's price. Additionally, you may evaluate how the addition of Bank of Ireland to your portfolios can decrease your overall portfolio volatility.