GTX Stock | | | USD 8.37 0.17 2.07% |
Garrett Motion financial indicator trend analysis is much more than just examining Garrett Motion latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Garrett Motion is a good investment. Please check the relationship between Garrett Motion Property Plant Equipment and its Current Deferred Revenue accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garrett Motion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Garrett Stock please use our
How to Invest in Garrett Motion guide.
Property Plant Equipment vs Current Deferred Revenue
Property Plant Equipment vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Garrett Motion Property Plant Equipment account and
Current Deferred Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between Garrett Motion's Property Plant Equipment and Current Deferred Revenue is -0.81. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Garrett Motion, assuming nothing else is changed. The correlation between historical values of Garrett Motion's Property Plant Equipment and Current Deferred Revenue 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 Garrett Motion are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Property Plant Equipment i.e., Garrett Motion's Property Plant Equipment and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.81 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Property Plant Equipment
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from Garrett Motion's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Garrett Motion 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 Garrett Motion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Garrett Stock please use our
How to Invest in Garrett Motion guide.
Selling General Administrative is likely to rise to about 252.9
M in 2024, whereas
Tax Provision is likely to drop slightly above 75.4
M in 2024.
Garrett Motion fundamental ratios Correlations
Click cells to compare fundamentals
Garrett Motion Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Garrett Motion fundamental ratios Accounts
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Additional Tools for Garrett Stock Analysis
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measure Garrett Motion'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 Garrett Motion is operating at the current time. Most of Garrett Motion's value examination focuses on studying past and present price action to
predict the probability of Garrett Motion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garrett Motion's price. Additionally, you may evaluate how the addition of Garrett Motion to your portfolios can decrease your overall portfolio volatility.