Fresh2 Net Receivables vs Property Plant Equipment Analysis
FRES Stock | 1.07 0.07 6.14% |
Fresh2 financial indicator trend analysis is much more than just examining Fresh2 Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fresh2 Group is a good investment. Please check the relationship between Fresh2 Net Receivables and its Property Plant Equipment accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fresh2 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 income.
Net Receivables vs Property Plant Equipment
Net Receivables vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fresh2 Group Net Receivables account and Property Plant Equipment. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Fresh2's Net Receivables and Property Plant Equipment is 0.59. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Fresh2 Group, assuming nothing else is changed. The correlation between historical values of Fresh2's Net Receivables and Property Plant Equipment 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 Fresh2 Group are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Net Receivables i.e., Fresh2's Net Receivables and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Receivables
Property Plant Equipment
Most indicators from Fresh2's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fresh2 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 Fresh2 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 income. Tax Provision is likely to gain to about (1.8 M) in 2024. Selling General Administrative is likely to drop to about 81.2 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.3M | 373K | 335.7K | 318.9K | Depreciation And Amortization | 427.2K | 5.5M | 6.3M | 6.6M |
Fresh2 fundamental ratios Correlations
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Fresh2 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Fresh2 Stock Analysis
When running Fresh2's price analysis, check to measure Fresh2'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 Fresh2 is operating at the current time. Most of Fresh2's value examination focuses on studying past and present price action to predict the probability of Fresh2's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fresh2's price. Additionally, you may evaluate how the addition of Fresh2 to your portfolios can decrease your overall portfolio volatility.