| GRFX Stock | | | USD 0.18 0.02 10.00% |
Graphex Group financial indicator trend analysis is much more than just examining Graphex Group Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Graphex Group Limited is a good investment. Please check the relationship between Graphex Group Non Current Assets Total and its Accounts Payable accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Graphex Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Non Current Assets Total vs Accounts Payable
Non Current Assets Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Graphex Group Limited Non Current Assets Total account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Graphex Group's Non Current Assets Total and Accounts Payable is 0.76. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Graphex Group Limited, assuming nothing else is changed. The correlation between historical values of Graphex Group's Non Current Assets Total and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Graphex Group Limited are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Assets Total i.e., Graphex Group's Non Current Assets Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Accounts Payable
An accounting item on the balance sheet that represents Graphex Group obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Graphex Group Limited are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Graphex Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Graphex Group Limited 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 Graphex Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
At this time, Graphex Group's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 702.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 127.8
M in 2024.
Graphex Group fundamental ratios Correlations
Click cells to compare fundamentals
Graphex Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Graphex Group 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.
Additional Tools for Graphex Stock Analysis
When running Graphex Group's price analysis, check to
measure Graphex Group'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 Graphex Group is operating at the current time. Most of Graphex Group's value examination focuses on studying past and present price action to
predict the probability of Graphex Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Graphex Group's price. Additionally, you may evaluate how the addition of Graphex Group to your portfolios can decrease your overall portfolio volatility.