| GLBZ Stock | | | USD 6.05 0.14 2.37% |
Glen Burnie financial indicator trend analysis is much more than just examining Glen Burnie Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glen Burnie Bancorp is a good investment. Please check the relationship between Glen Burnie Capital Expenditures and its Depreciation accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glen Burnie Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Capital Expenditures vs Depreciation
Capital Expenditures vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Glen Burnie Bancorp Capital Expenditures account and
Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Glen Burnie's Capital Expenditures and Depreciation is -0.13. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Glen Burnie Bancorp, assuming nothing else is changed. The correlation between historical values of Glen Burnie's Capital Expenditures and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Glen Burnie Bancorp are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Glen Burnie's Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.13 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Capital Expenditures
Capital Expenditures are funds used by Glen Burnie Bancorp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Glen Burnie operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Depreciation
Depreciation indicates how much of Glen Burnie Bancorp value has been used up. For tax purposes Glen Burnie can deduct the cost of the tangible assets it purchases as business expenses. However, Glen Burnie Bancorp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Glen Burnie's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Glen Burnie Bancorp 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 Glen Burnie Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
At this time, Glen Burnie's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 64.20 in 2024, whereas
Selling General Administrative is likely to drop slightly above 6.9
M in 2024.
Glen Burnie fundamental ratios Correlations
Click cells to compare fundamentals
Glen Burnie Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Glen Burnie fundamental ratios Accounts
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Additional Tools for Glen Stock Analysis
When running Glen Burnie's price analysis, check to
measure Glen Burnie's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Glen Burnie is operating at the current time. Most of Glen Burnie's value examination focuses on studying past and present price action to
predict the probability of Glen Burnie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glen Burnie's price. Additionally, you may evaluate how the addition of Glen Burnie to your portfolios can decrease your overall portfolio volatility.