BingEx Net Receivables vs Cash Analysis
| FLX Stock | 6.75 0.25 3.57% |
BingEx financial indicator trend analysis is way more than just evaluating BingEx prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BingEx is a good investment. Please check the relationship between BingEx Net Receivables and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in BingEx. 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 economic analysis. For more information on how to buy BingEx Stock please use our How to Invest in BingEx guide.
Net Receivables vs Cash
Net Receivables vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BingEx Net Receivables account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between BingEx's Net Receivables and Cash is 0.98. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash in the same time period over historical financial statements of BingEx, assuming nothing else is changed. The correlation between historical values of BingEx's Net Receivables and Cash 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 Receivables of BingEx are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Receivables i.e., BingEx's Net Receivables and Cash go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Receivables
Cash
Cash refers to the most liquid asset of BingEx, which is listed under current asset account on BingEx balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from BingEx customers. The amounts must be unrestricted with restricted cash listed in a different BingEx account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from BingEx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BingEx 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 BingEx. 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 economic analysis. For more information on how to buy BingEx Stock please use our How to Invest in BingEx guide.Selling General Administrative is likely to drop to about 265.1 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 5.3M | 9.6M | 20.9M | 10.9M | Net Interest Income | 5.3M | 9.6M | 20.9M | 10.9M |
BingEx fundamental ratios Correlations
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BingEx Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running BingEx's price analysis, check to measure BingEx'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 BingEx is operating at the current time. Most of BingEx's value examination focuses on studying past and present price action to predict the probability of BingEx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BingEx's price. Additionally, you may evaluate how the addition of BingEx to your portfolios can decrease your overall portfolio volatility.