Blue Inventory vs Net Receivables Analysis
BLFY Stock | USD 11.09 0.13 1.16% |
Blue Foundry financial indicator trend analysis is way more than just evaluating Blue Foundry Bancorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Foundry Bancorp is a good investment. Please check the relationship between Blue Foundry Inventory and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Foundry Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Inventory vs Net Receivables
Inventory vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Foundry Bancorp Inventory account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Blue Foundry's Inventory and Net Receivables is 0.7. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Blue Foundry Bancorp, assuming nothing else is changed. The correlation between historical values of Blue Foundry's Inventory and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Blue Foundry Bancorp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Inventory i.e., Blue Foundry's Inventory and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Inventory
Net Receivables
Most indicators from Blue Foundry's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Foundry Bancorp 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 Blue Foundry Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. At this time, Blue Foundry's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.76 in 2024, whereas Tax Provision is likely to drop slightly above 154.8 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 56.1M | 62.4M | 76.3M | 70.7M | Net Interest Income | 42.9M | 51.8M | 45.7M | 48.9M |
Blue Foundry fundamental ratios Correlations
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Blue Foundry Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Blue Foundry's price analysis, check to measure Blue Foundry'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 Blue Foundry is operating at the current time. Most of Blue Foundry's value examination focuses on studying past and present price action to predict the probability of Blue Foundry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blue Foundry's price. Additionally, you may evaluate how the addition of Blue Foundry to your portfolios can decrease your overall portfolio volatility.