FOODSIN Stock | | | 116.14 2.11 1.78% |
Foods Inns financial indicator trend analysis is much more than just examining Foods Inns Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foods Inns Limited is a good investment. Please check the relationship between Foods Inns Inventory and its Non Current Liabilities Total accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foods Inns Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Inventory vs Non Current Liabilities Total
Inventory vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Foods Inns Limited Inventory account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Foods Inns' Inventory and Non Current Liabilities Total is 0.57. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Foods Inns Limited, assuming nothing else is changed. The correlation between historical values of Foods Inns' Inventory and Non Current Liabilities Total 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 Foods Inns Limited are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Inventory i.e., Foods Inns' Inventory and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Inventory
Non Current Liabilities Total
Most indicators from Foods Inns' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foods Inns Limited 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 Foods Inns Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
As of the 29th of November 2024,
Selling General Administrative is likely to grow to about 479.3
M. Also,
Tax Provision is likely to grow to about 290.7
MFoods Inns fundamental ratios Correlations
Click cells to compare fundamentals
Foods Inns Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Foods Inns fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Foods Stock
Balance Sheet is a snapshot of the
financial position of Foods Inns Limited at a specified time, usually calculated after every quarter, six months, or one year. Foods Inns Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Foods Inns 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 Foods currently owns. An asset can also be divided into two categories, current and non-current.