FTFT Stock | | | USD 0.44 0.01 2.33% |
Future Fintech financial indicator trend analysis is much more than just examining Future Fintech Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Future Fintech Group is a good investment. Please check the relationship between Future Fintech Capital Expenditures and its Change Receivables accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Future Fintech 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 census.
Capital Expenditures vs Change Receivables
Capital Expenditures vs Change Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Future Fintech Group Capital Expenditures account and
Change Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Future Fintech's Capital Expenditures and Change Receivables is -0.51. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change Receivables in the same time period over historical financial statements of Future Fintech Group, assuming nothing else is changed. The correlation between historical values of Future Fintech's Capital Expenditures and Change Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Future Fintech Group are associated (or correlated) with its Change Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change Receivables has no effect on the direction of Capital Expenditures i.e., Future Fintech's Capital Expenditures and Change Receivables go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by Future Fintech Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Future Fintech operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Change Receivables
The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.
Most indicators from Future Fintech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Future Fintech 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 Future Fintech 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 census.
Selling General Administrative is likely to gain to about 15.7
M in 2024, whereas
Discontinued Operations is likely to drop
(185.95) in 2024.
Future Fintech fundamental ratios Correlations
Click cells to compare fundamentals
Future Fintech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Future Fintech fundamental ratios Accounts
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