| CBA Stock | | | 160.14 1.11 0.70% |
Commonwealth Bank financial indicator trend analysis is way more than just evaluating Commonwealth Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Commonwealth Bank is a good investment. Please check the relationship between Commonwealth Bank Total Assets and its Good Will accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Commonwealth Bank. 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 Assets vs Good Will
Total Assets vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Commonwealth Bank Total Assets account and
Good Will. At this time, the significance of the direction appears to have weak relationship.
The correlation between Commonwealth Bank's Total Assets and Good Will is 0.31. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of Commonwealth Bank, assuming nothing else is changed. The correlation between historical values of Commonwealth Bank's Total Assets and Good Will 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 Assets of Commonwealth Bank are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Assets i.e., Commonwealth Bank's Total Assets and Good Will go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Commonwealth Bank assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Commonwealth Bank books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Commonwealth Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commonwealth Bank 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 Commonwealth Bank. 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 drop to about 389.5
M in 2024.
Discontinued Operations is likely to gain to about (107.1
M) in 2024
Commonwealth Bank fundamental ratios Correlations
Click cells to compare fundamentals
Commonwealth Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Commonwealth Bank fundamental ratios Accounts
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Additional Tools for Commonwealth Stock Analysis
When running Commonwealth Bank's price analysis, check to
measure Commonwealth Bank'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 Commonwealth Bank is operating at the current time. Most of Commonwealth Bank's value examination focuses on studying past and present price action to
predict the probability of Commonwealth Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commonwealth Bank's price. Additionally, you may evaluate how the addition of Commonwealth Bank to your portfolios can decrease your overall portfolio volatility.