G4M Stock | | | 155.00 5.00 3.12% |
Gear4music Plc financial indicator trend analysis is much more than just examining Gear4music Plc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gear4music Plc is a good investment. Please check the relationship between Gear4music Plc Other Current Liab and its Common Stock Total Equity accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gear4music Plc. 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.
Other Current Liab vs Common Stock Total Equity
Other Current Liab vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gear4music Plc Other Current Liab account and
Common Stock Total Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Gear4music Plc's Other Current Liab and Common Stock Total Equity is 0.46. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Gear4music Plc, assuming nothing else is changed. The correlation between historical values of Gear4music Plc's Other Current Liab and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Gear4music Plc are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Other Current Liab i.e., Gear4music Plc's Other Current Liab and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Current Liab
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Gear4music Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gear4music Plc 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gear4music Plc. 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.
The current year's
Selling General Administrative is expected to grow to about 19.8
M, whereas
Tax Provision is projected to grow to (63.6
K).
Gear4music Plc fundamental ratios Correlations
Click cells to compare fundamentals
Gear4music Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gear4music Plc fundamental ratios Accounts
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Other Information on Investing in Gear4music Stock
Balance Sheet is a snapshot of the
financial position of Gear4music Plc at a specified time, usually calculated after every quarter, six months, or one year. Gear4music Plc Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gear4music Plc 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 Gear4music currently owns. An asset can also be divided into two categories, current and non-current.