GACM Total Current Assets vs Short Term Investments 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 Total Current Assets and its Short Term Investments 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.
Total Current Assets vs Short Term Investments
Total Current Assets vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GACM Technologies Total Current Assets account and Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between GACM Technologies' Total Current Assets and Short Term Investments is 0.98. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Short Term Investments 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' Total Current Assets and Short Term Investments 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 Current Assets of GACM Technologies Limited are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Current Assets i.e., GACM Technologies' Total Current Assets and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Short Term Investments
Short Term Investments is an item under the current assets section of GACM Technologies balance sheet. It contains any investments GACM Technologies Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that GACM Technologies can easily liquidate in the marketplace.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.