Global Inventory vs Cash And Short Term Investments Analysis
GBBKW Stock | USD 0.05 0.02 47.06% |
Global Blockchain financial indicator trend analysis is much more than just examining Global Blockchain latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Blockchain is a good investment. Please check the relationship between Global Blockchain Inventory and its Cash And Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Blockchain Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
Inventory vs Cash And Short Term Investments
Inventory vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Blockchain Inventory account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Global Blockchain's Inventory and Cash And Short Term Investments is 0.4. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Global Blockchain Acquisition, assuming nothing else is changed. The correlation between historical values of Global Blockchain's Inventory and Cash 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 Inventory of Global Blockchain Acquisition are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Inventory i.e., Global Blockchain's Inventory and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.4 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Inventory
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Global Blockchain balance sheet. This account contains Global Blockchain investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Global Blockchain Acquisition fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Global Blockchain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Blockchain 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 Global Blockchain Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. Tax Provision is likely to drop to about 1 M in 2024. Selling General Administrative is likely to drop to about 606.9 K in 2024
2010 | 2023 | 2024 (projected) | Net Interest Income | 2.5M | 6.7M | 5.1M | Tax Provision | 486.6K | 1.4M | 1.0M |
Global Blockchain fundamental ratios Correlations
Click cells to compare fundamentals
Global Blockchain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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