EQB Stock | | | CAD 106.00 1.16 1.08% |
Equitable financial indicator trend analysis is much more than just examining Equitable Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equitable Group is a good investment. Please check the relationship between Equitable Retained Earnings and its Non Currrent Assets Other accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equitable Group. 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.
Retained Earnings vs Non Currrent Assets Other
Retained Earnings vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Equitable Group Retained Earnings account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Equitable's Retained Earnings and Non Currrent Assets Other is 0.85. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Equitable Group, assuming nothing else is changed. The correlation between historical values of Equitable's Retained Earnings and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Equitable Group are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Retained Earnings i.e., Equitable's Retained Earnings and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Equitable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equitable Group 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equitable Group. 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.
At this time, Equitable's
Selling General Administrative is very stable compared to the past year. As of the 20th of February 2025,
Tax Provision is likely to grow to about 184.3
M, while
Sales General And Administrative To Revenue is likely to drop 0.15.
Equitable fundamental ratios Correlations
Click cells to compare fundamentals
Equitable Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equitable fundamental ratios Accounts
Other Information on Investing in Equitable Stock
Balance Sheet is a snapshot of the
financial position of Equitable Group at a specified time, usually calculated after every quarter, six months, or one year. Equitable Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Equitable and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Equitable currently owns. An asset can also be divided into two categories, current and non-current.