IDEAFORGE | | | 572.90 1.10 0.19% |
IdeaForge Technology financial indicator trend analysis is infinitely more than just investigating ideaForge Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ideaForge Technology is a good investment. Please check the relationship between IdeaForge Technology Current Deferred Revenue and its Retained Earnings accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ideaForge Technology 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.
Current Deferred Revenue vs Retained Earnings
Current Deferred Revenue vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ideaForge Technology Current Deferred Revenue account and
Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between IdeaForge Technology's Current Deferred Revenue and Retained Earnings is 0.7. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of ideaForge Technology Limited, assuming nothing else is changed. The correlation between historical values of IdeaForge Technology's Current Deferred Revenue and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of ideaForge Technology Limited are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Current Deferred Revenue i.e., IdeaForge Technology's Current Deferred Revenue and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from IdeaForge Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ideaForge Technology 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 ideaForge Technology 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.
As of 11/29/2024,
Selling General Administrative is likely to grow to about 566.7
MIdeaForge Technology fundamental ratios Correlations
Click cells to compare fundamentals
IdeaForge Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IdeaForge Technology fundamental ratios Accounts
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Additional Tools for IdeaForge Stock Analysis
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measure IdeaForge Technology'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 IdeaForge Technology is operating at the current time. Most of IdeaForge Technology's value examination focuses on studying past and present price action to
predict the probability of IdeaForge Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IdeaForge Technology's price. Additionally, you may evaluate how the addition of IdeaForge Technology to your portfolios can decrease your overall portfolio volatility.