GENCON Stock | | | 40.79 0.97 2.44% |
Generic Engineering financial indicator trend analysis is much more than just examining Generic Engineering latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Generic Engineering is a good investment. Please check the relationship between Generic Engineering Property Plant Equipment and its Net Receivables accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generic Engineering Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Property Plant Equipment vs Net Receivables
Property Plant Equipment vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Generic Engineering Property Plant Equipment account and
Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Generic Engineering's Property Plant Equipment and Net Receivables is 0.93. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Generic Engineering Construction, assuming nothing else is changed. The correlation between historical values of Generic Engineering's Property Plant Equipment and Net 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 Property Plant Equipment of Generic Engineering Construction are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant Equipment i.e., Generic Engineering's Property Plant Equipment and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant Equipment
Net Receivables
Most indicators from Generic Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Generic Engineering 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 Generic Engineering Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
The current year's
Selling General Administrative is expected to grow to about 31.4
M, whereas
Tax Provision is forecasted to decline to about 1.1
M.
Generic Engineering fundamental ratios Correlations
Click cells to compare fundamentals
Generic Engineering Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Generic Engineering fundamental ratios Accounts
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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 Generic Stock
Balance Sheet is a snapshot of the
financial position of Generic Engineering at a specified time, usually calculated after every quarter, six months, or one year. Generic Engineering Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Generic Engineering 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 Generic currently owns. An asset can also be divided into two categories, current and non-current.