Immatics Property Plant And Equipment Gross vs Non Current Assets Total Analysis

IMTXW Stock  USD 0.41  0.01  2.38%   
Immatics Biotechnologies financial indicator trend analysis is infinitely more than just investigating Immatics Biotechnologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Immatics Biotechnologies is a good investment. Please check the relationship between Immatics Biotechnologies Property Plant And Equipment Gross and its Non Current Assets Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in immatics biotechnologies GmbH. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Property Plant And Equipment Gross vs Non Current Assets Total

Property Plant And Equipment Gross vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Immatics Biotechnologies Property Plant And Equipment Gross account and Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Immatics Biotechnologies' Property Plant And Equipment Gross and Non Current Assets Total is 0.82. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of immatics biotechnologies GmbH, assuming nothing else is changed. The correlation between historical values of Immatics Biotechnologies' Property Plant And Equipment Gross and Non Current Assets Total 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 And Equipment Gross of immatics biotechnologies GmbH are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Property Plant And Equipment Gross i.e., Immatics Biotechnologies' Property Plant And Equipment Gross and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Property Plant And Equipment Gross

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.
Most indicators from Immatics Biotechnologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Immatics Biotechnologies 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 immatics biotechnologies GmbH. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Sales General And Administrative To Revenue is likely to climb to 1.03 in 2024, whereas Tax Provision is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Income5.7M9.4M13.8M14.5M
Net Interest Income3.9M1.1M13.0M13.7M

Immatics Biotechnologies fundamental ratios Correlations

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0.410.13-0.16-0.340.15-0.040.130.63-0.020.30.830.00.160.390.120.840.18-0.160.420.07-0.210.61-0.040.330.13
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0.880.780.650.540.880.640.771.0-0.52-0.490.840.550.870.690.760.850.780.610.650.770.740.570.640.810.77
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0.660.780.690.630.80.70.960.77-0.84-0.760.50.760.820.420.760.650.660.330.690.980.90.710.810.70.76
0.591.00.940.780.880.980.850.71-0.8-0.840.310.860.930.71.00.550.950.130.940.670.920.930.770.980.76
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Immatics Biotechnologies Account Relationship Matchups

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