| HMT Stock | | | 63.93 0.25 0.39% |
HMT financial indicator trend analysis is much more than just examining HMT Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HMT Limited is a good investment. Please check the relationship between HMT Total Current Liabilities and its Net Receivables accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HMT 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.
Total Current Liabilities vs Net Receivables
Total Current Liabilities vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
HMT Limited Total Current Liabilities account and
Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between HMT's Total Current Liabilities and Net Receivables is -0.34. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Receivables in the same time period over historical financial statements of HMT Limited, assuming nothing else is changed. The correlation between historical values of HMT's Total Current Liabilities and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of HMT Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Current Liabilities i.e., HMT's Total Current Liabilities and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.34 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on HMT balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of HMT Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Net Receivables
Most indicators from HMT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HMT 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 HMT 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.
The current year's
Discontinued Operations is expected to grow to about 22.4
M, whereas
Selling General Administrative is forecasted to decline to about 5.1
M.
HMT fundamental ratios Correlations
Click cells to compare fundamentals
HMT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HMT 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 HMT Stock
Balance Sheet is a snapshot of the
financial position of HMT Limited at a specified time, usually calculated after every quarter, six months, or one year. HMT Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of HMT 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 HMT currently owns. An asset can also be divided into two categories, current and non-current.