GACM Non Currrent Assets Other vs Total Assets Analysis
| GATECHDVR | 0.91 0.03 3.41% |
GACM Technologies financial indicator trend analysis is much more than just examining GACM Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GACM Technologies is a good investment. Please check the relationship between GACM Technologies Non Currrent Assets Other and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GACM Technologies 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 main economic indicators.
Non Currrent Assets Other vs Total Assets
Non Currrent Assets Other vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GACM Technologies Non Currrent Assets Other account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between GACM Technologies' Non Currrent Assets Other and Total Assets is -0.7. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Assets in the same time period over historical financial statements of GACM Technologies Limited, assuming nothing else is changed. The correlation between historical values of GACM Technologies' Non Currrent Assets Other and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of GACM Technologies Limited are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Currrent Assets Other i.e., GACM Technologies' Non Currrent Assets Other and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.7 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Total Assets
Total assets refers to the total amount of GACM Technologies assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in GACM Technologies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from GACM Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GACM Technologies 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 GACM Technologies 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 main economic indicators. The current year's Issuance Of Capital Stock is expected to grow to about 6.6 M, whereas Tax Provision is forecasted to decline to about 104.1 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 139.4M | 105.0M | 94.5M | 95.3M | Cost Of Revenue | 89.0M | 80.0M | 72.0M | 67.3M |
GACM Technologies fundamental ratios Correlations
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GACM Technologies 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.Other Information on Investing in GACM Stock
Balance Sheet is a snapshot of the financial position of GACM Technologies at a specified time, usually calculated after every quarter, six months, or one year. GACM Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GACM Technologies 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 GACM currently owns. An asset can also be divided into two categories, current and non-current.