GESHIP Stock | | | 1,101 2.25 0.20% |
Great Eastern financial indicator trend analysis is much more than just examining Great Eastern latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great Eastern is a good investment. Please check the relationship between Great Eastern Total 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 The Great Eastern. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Total Assets vs Short Term Investments
Total Assets vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Great Eastern Total Assets account and
Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Great Eastern's Total Assets and Short Term Investments is 0.12. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of The Great Eastern, assuming nothing else is changed. The correlation between historical values of Great Eastern's Total 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 Assets of The Great Eastern 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 Assets i.e., Great Eastern's Total Assets and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Great Eastern 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 Great Eastern 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.
Short Term Investments
Short Term Investments is an item under the current assets section of Great Eastern balance sheet. It contains any investments The Great Eastern undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Great Eastern can easily liquidate in the marketplace.
Most indicators from Great Eastern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great Eastern 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 The Great Eastern. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
As of December 1, 2024,
Selling General Administrative is expected to decline to about 780.2
M. In addition to that,
Tax Provision is expected to decline to about 614.3
MGreat Eastern fundamental ratios Correlations
Click cells to compare fundamentals
Great Eastern Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Great Eastern fundamental ratios Accounts
Also Currently Popular
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 Great Stock
Balance Sheet is a snapshot of the
financial position of Great Eastern at a specified time, usually calculated after every quarter, six months, or one year. Great Eastern Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Great Eastern 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 Great currently owns. An asset can also be divided into two categories, current and non-current.