HEG Stock | | | 568.30 21.35 3.90% |
HEG financial indicator trend analysis is much more than just examining HEG Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HEG Limited is a good investment. Please check the relationship between HEG Common Stock Shares Outstanding and its Other Stockholder Equity accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HEG 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 board of governors.
Common Stock Shares Outstanding vs Other Stockholder Equity
Common Stock Shares Outstanding vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
HEG Limited Common Stock Shares Outstanding account and
Other Stockholder Equity. At this time, the significance of the direction appears to have almost no relationship.
The correlation between HEG's Common Stock Shares Outstanding and Other Stockholder Equity is 0.13. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of HEG Limited, assuming nothing else is changed. The correlation between historical values of HEG's Common Stock Shares Outstanding and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of HEG Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Common Stock Shares Outstanding i.e., HEG's Common Stock Shares Outstanding and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.13 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Other Stockholder Equity
Most indicators from HEG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HEG 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 HEG 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 board of governors.
As of December 15, 2024,
Selling General Administrative is expected to decline to about 222.3
M. In addition to that,
Tax Provision is expected to decline to about 795.1
MHEG fundamental ratios Correlations
Click cells to compare fundamentals
HEG Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HEG 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 HEG Stock
Balance Sheet is a snapshot of the
financial position of HEG Limited at a specified time, usually calculated after every quarter, six months, or one year. HEG Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of HEG 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 HEG currently owns. An asset can also be divided into two categories, current and non-current.