Fortitude Total Liab vs Cash Analysis
Fortitude financial indicator trend analysis is much more than just examining Fortitude Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortitude Group is a good investment. Please check the relationship between Fortitude Total Liab and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortitude 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 estimate.
Total Liab vs Cash
Total Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortitude Group Total Liab account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Fortitude's Total Liab and Cash is -0.9. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Fortitude Group, assuming nothing else is changed. The correlation between historical values of Fortitude's Total Liab 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 Total Liab of Fortitude Group 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 Total Liab i.e., Fortitude's Total Liab and Cash go up and down completely randomly.
Correlation Coefficient | -0.9 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Cash
Cash refers to the most liquid asset of Fortitude Group, which is listed under current asset account on Fortitude Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Fortitude customers. The amounts must be unrestricted with restricted cash listed in a different Fortitude 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 Fortitude's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortitude 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 Fortitude 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 estimate. The current year's Selling General Administrative is expected to grow to about 430.2 K, whereas Enterprise Value Over EBITDA is forecasted to decline to (1.19).
Fortitude fundamental ratios Correlations
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Fortitude Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.When determining whether Fortitude Group is a strong investment it is important to analyze Fortitude's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortitude's future performance. For an informed investment choice regarding Fortitude Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortitude 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 estimate. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortitude. If investors know Fortitude will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortitude listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.02 |
The market value of Fortitude Group is measured differently than its book value, which is the value of Fortitude that is recorded on the company's balance sheet. Investors also form their own opinion of Fortitude's value that differs from its market value or its book value, called intrinsic value, which is Fortitude's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortitude's market value can be influenced by many factors that don't directly affect Fortitude's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortitude's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortitude is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortitude's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.