BRBS Stock | | | USD 3.22 0.13 3.88% |
Blue Ridge financial indicator trend analysis is way more than just evaluating Blue Ridge Bankshares prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Ridge Bankshares is a good investment. Please check the relationship between Blue Ridge Property Plant Equipment and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Ridge Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Property Plant Equipment vs Property Plant And Equipment Net
Property Plant Equipment vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Blue Ridge Bankshares Property Plant Equipment account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Blue Ridge's Property Plant Equipment and Property Plant And Equipment Net is 0.96. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Blue Ridge Bankshares, assuming nothing else is changed. The correlation between historical values of Blue Ridge's Property Plant Equipment and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Blue Ridge Bankshares are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Property Plant Equipment i.e., Blue Ridge's Property Plant Equipment and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant Equipment
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Blue Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Ridge Bankshares 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 Ridge Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Discontinued Operations is likely to gain to about 406.9
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 34.1
M in 2024.
Blue Ridge fundamental ratios Correlations
Click cells to compare fundamentals
Blue Ridge Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Blue Ridge fundamental ratios Accounts
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