GMR Stock | | | 37.00 0.20 0.54% |
Gaming Realms financial indicator trend analysis is much more than just examining Gaming Realms plc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gaming Realms plc is a good investment. Please check the relationship between Gaming Realms Other Current Assets 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 Gaming Realms plc. 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 economic analysis.
Other Current Assets vs Cash And Short Term Investments
Other Current Assets 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
Gaming Realms plc Other Current Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Gaming Realms' Other Current Assets and Cash And Short Term Investments is -0.23. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Gaming Realms plc, assuming nothing else is changed. The correlation between historical values of Gaming Realms' Other Current Assets 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 Other Current Assets of Gaming Realms plc 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 Other Current Assets i.e., Gaming Realms' Other Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Gaming Realms plc balance sheet. This account contains Gaming Realms investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Gaming Realms plc 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 Gaming Realms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gaming Realms plc 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 Gaming Realms plc. 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 economic analysis.
As of November 27, 2024,
Selling General Administrative is expected to decline to about 5.6
M. The current year's
Discontinued Operations is expected to grow to about (855.9
K)
Gaming Realms fundamental ratios Correlations
Click cells to compare fundamentals
Gaming Realms Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gaming Realms 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 Gaming Stock
Balance Sheet is a snapshot of the
financial position of Gaming Realms plc at a specified time, usually calculated after every quarter, six months, or one year. Gaming Realms Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gaming Realms 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 Gaming currently owns. An asset can also be divided into two categories, current and non-current.