Holley Non Current Assets Total vs Non Currrent Assets Other Analysis
HLLY Stock | USD 2.88 0.14 5.11% |
Holley financial indicator trend analysis is much more than just examining Holley Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Holley Inc is a good investment. Please check the relationship between Holley Non Current Assets Total and its Non Currrent Assets Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Holley Inc. 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.
Non Current Assets Total vs Non Currrent Assets Other
Non Current Assets Total vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Holley Inc Non Current Assets Total account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak relationship.
The correlation between Holley's Non Current Assets Total and Non Currrent Assets Other is 0.39. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Holley Inc, assuming nothing else is changed. The correlation between historical values of Holley's Non Current Assets Total and Non Currrent Assets Other 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 Holley Inc are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Non Current Assets Total i.e., Holley's Non Current Assets Total and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.39 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Holley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Holley Inc 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 Holley Inc. 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. At this time, Holley's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.20 in 2024, whereas Selling General Administrative is likely to drop slightly above 108.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | EBIT | 126.9M | 118.5M | 87.2M | 86.3M | Other Operating Expenses | 565.9M | 630.8M | 565.7M | 454.6M |
Holley fundamental ratios Correlations
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Holley Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Holley's price analysis, check to measure Holley'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 Holley is operating at the current time. Most of Holley's value examination focuses on studying past and present price action to predict the probability of Holley's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Holley's price. Additionally, you may evaluate how the addition of Holley to your portfolios can decrease your overall portfolio volatility.